Shetty, Aditya and Shenoy, Sandeep S and Rao, Guruprasad and Nayak, Santhosh (2017) Economic Review of Banking Doctrines of BRICS Nations: Revisiting the Edifice of Strong Banking Regulations with Specific Reference to Credit Risk Management. International Journal of Economic Research, 14 (20). pp. 1-15. ISSN 09729380

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Abstract

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The grouping was originally known as “BRIC” before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialized countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. Since 2009, the BRICS nations have met annually at formal summits. Russia currently holds the chair of the BRICS group, and hosted the group’s seventh summit in July 2015.

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