Union Cabinet approves MoU between EXIM bank and NDB

Union Cabinet on 13 October 2016 approved MoU between Export-Import Bank of India (Exim Bank) on General Cooperation with the BRICS promoted New Development Bank (NDB), along with other Development Financial Institutions of BRICS nations. This will be achieved through the BRICS Interbank Cooperation Mechanism. This approval will help in enhancing trade and economic relations …