NaBFID to be regulated as AIFI under RBI Act

The Reserve Bank said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934.

It will now be guided under Sections 45L and 45N of the Reserve Bank of India Act, 1934. Currently, RBI has four AIFIs: EXIM Bank, NABARD, NHB, and SIDBI.

NaBFID: Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India.