Sign In
Learn bits
Today in News
Mahesh

18/08/22 06:10 AM IST

National Bank for Financing Infrastructure & Development

In News 
  • Rajkiran Rai G has been appointed as managing director (MD) for five years. Appointment has been done by Centre and Board of National Bank for Financing Infrastructure & Development (NaBFID). 
National Bank for Financing Infrastructure & Development

  • National Bank for Financing Infrastructure and Development (NaBFID) is the fifth All India Financial Institutions (AIFI), after NABARD, EMIX Bank,SIDBI and NHB.
  • It was established by the “National Bank for Financing Infrastructure & Development Act, 2021.
  • It is the principal DFI for infrastructure financing. It has authorized share capital of 1 lakh crore rupees.
Development finance institutions (DFI)
  • DFIs are established to aid long-term finance in an economy where associated risks are beyond acceptable limits of financial institutions.
  • It does not accept deposits from people. Market, government, and multilateral institutions are its source of funds.
Source- PIB 

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps