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China will keep the yuan stable, while improving the flexibility of exchange rates.
Rise in profits were largely due to strong sales in the electronics, equipment and oil refining industries.
The new lender also sold 3 billion yuan ($449 million) of yuan-denominated, green bonds in China’s interbank market in July.
Cross-border trade and Chinese rules and regulations have been eased sufficiently to make the RMB's use more favorable.
The RBI's decision caught many off guard who had been hoping a cut in interest rates could bolster the economy.
The exchange of information and the implementation of the OECD/G20 standards is expected to begin in 2018.
Growth has also accelerated in the services sector to levels not seen since 2014, the NBS said.
India's rupee hits a near-record low as the dollar strengthens against emerging countries' currencies.
The BRICS Bank is also working to further develop a project pipeline in all member countries.
President-elect Donald Trump isn't attending the summit but his statements on free trade have riled many global leaders.
