![]() India is one of the largest loan portfolio of the bank with 19 approved projects worth of close to $7 billion which is roughly a quarter of the bank’s total loan portfolio. NDB has so far preferred to hire locals in Brasil, and South Africa for their regional offices there. The new DG will also be responsible for project identification, preparation, implementation, monitoring and pipeline development will work in close coordination with the NDB headquarters’ team responsible for the operations in the region and will support the NDB headquarters in other functions including external relations and stakeholder management.Īpplications for this post opened on February 24 and close on March 17. The DG will be responsible for the origination and implementation of operations of in India and neighbouring countries and provide primary strategic and operational interface between the NDB headquarters and its clients in India, according to the job description seen by ET. On Thursday, NDB has advertised for a position of director general (DG) for the Indian Regional Office reporting to Kishora. ![]() All the founding members equally own the bank. It became operational in 2015 and is headquartered in Shanghai, China. ![]() NDB was set up by the BRICS countries (Brazil, Russia, India, China, and South Africa) with the objective of mobilizing resources for infrastructure and sustainable development projects in the BRICS as well as other emerging markets in 2014. These tasks are currently handled from the bank’s headquarters in Shanghai," he said. "The regional office will provide support in preparation of projects, track project implementation and carry out monitoring. Kishora said NDB also expects to partner with the newly launched National Bank for Financing Infrastructure and Development ( NBFID) to support crucial infrastrcuture projects in India. ![]() The Indian office will help identify suitable projects and try to create a pipeline of potential financing for the bank. ![]()
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