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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 

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