1. Core Announcement
- The New Development Bank (NDB), which is set up by the BRICS countries (Brazil, Russia, India, China, South Africa) intends to issue its first Indian rupee-denominated bond.
- Timeline: It will be released at the domestic market in the first half of March 2026.
- Status Quo: The bank is currently in their final stages of negotiating the issuance with the reserve bank of India (RBI).
Month: Current Affairs - October 09, 2025
Category: BANKING, FINANCE and BUSINESS