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Uber is backed by investment bank Goldman Sachs and operates in over 60 countries.
Zuma said on Wednesday that relations between the two nations were at their "best ever".
Tata Sons' annual revenues total $109 billion.
To mitigate exchange rate risk, the NDB will initially focus on loans and borrowing in BRICS national currencies.
Bank governor Rajan is taking note of rising inflation and expectations of a rate hike in the US.
The announcement came hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.
Brazilian daily O Globo stressed that the deal unites two of the largest growing aviation markets in the world.
Emerging markets now comprise 40 per cent of the global economy.
The two sides had reached an agreement during talks with China’s top economic planning agency, the NDRC.
South Africa's rand rose 1 per cent on Thursday and again 0.4 per cent on Friday.
