Implications for Banking and Finance from the Brics Summit 2024: A Way Forward for Stronger Collaboration

This short communication paper presents an overview of the BRICS Summit 2024, which was held in Kazan, Russia, from October 22 to 24, focusing on its implications for finance and banking. During the summit, BRICS nations deliberated on building alternative payment channels, fostering long-term financial growth, and expanding the role of the BRICS Development Bank to support sustainable projects. These discussions and outcomes have significant implications for India's financial sector.