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The Bank will have its headquarters in China with India holding its first rotating presidency.
The two leaders will acknowledge the increasing clout of developing economies in the new global financial architecture.
The contract win will boost to Beijing’s bid to improve connectivity with Russia and Europe.
Russia-India ties are expected to receive a significant boost by twin visits by Prime Minister Narendra Modi to Russia in July and November.
Human Rights Watch has also said that ISIL fighters were systematically raping Yazidi women.
The prospects of a Putin-Obama meet was not discussed during talks with Kerry, said Kremlin aide Yuri Ushakov.
High on the agenda of talks are the BRICS Bank, bilateral ties, the trade deficit, China’s Silk Route revival and India’s manufacturing drive.
Most Western leaders boycotted the Victory Parade in Moscow which celebrated 70 years since the end of World War II.
A deal would give Athens access to an additional $8 billion to help it pay off some of its debts.
US President Barack Obama had accused China of "flexing its muscles" to advance its territorial claims at sea.
