Although BRICS has formed a financial institution to fund the nations in the group.
This financial institution is known New Development Bank (NDB).
It has been formed in parallel to International Monetary Fund(IMF) and with similar functions.
This institution has headquarters in Shanghai.
K.V. Kamath is the first head of the bank.
Question. First BRICS Bank President
Answer- K. V. Kamath, First BRICS Bank President (appointed in 2015) Former Independent director at Infosys Former Chairman of ICICI Bank.