1.NDB was created as an alternative to IMF & World Bank.
2. NDB was launched in year 2015 by Fortaleza Declaration.
3. Each member of the BRICS New Development Bank would enjoy one vote.
4. All SCO Members are part of BRICS BANK.
5. The headquaters of NDB & SCO is in Beijing, China.
6. K. V. Kamath from India was the first president of the New Development Bank (NDB).
7.The membership shall be open to members of the United Nations.
8. Dilma Vana Rousseff is the current President of the Bank.