The Centre and the board of the National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for the next five years. The board of NaBFID approved Rai’s appointment on July 30 based on clearance by the RBI, centre and the Development finance institutions (DFI) nomination and remuneration committee. Rai took charge as the DFI’s […]
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
The finance ministry appointed veteran banker K.V. Kamath as the chairman of the newly constituted development finance institution National Bank for Financing Infrastructure and Development (NaBFID). Kamath is a well-known banker in India and is the first head of the New Development Bank (NDB). NaBFID is a newly set up development financial institution (DFIs) in India. It has
Union govt appoints veteran banker K V Kamath appointed as chairperson of NaBFID Read More »
