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National Bank for Financing Infrastructure and Development

  • 14 Sep 2024
  • 2 min read

Source: BS

Recently, the Government of India in consultation with the Reserve Bank of India (RBI) has notified the National Bank for Financing Infrastructure and Development (NaBFID) as a “public financial institution” under the Companies Act, 2013 aiming to boost infrastructure financing in the country.

  • The Companies Act of 2013 regulates incorporation, responsibilities, directors, and dissolution of companies. It partially replaced the Companies Act, 1956.
  • This notification enhances NaBFID's capacity to fund large-scale infrastructure projects, strengthening the national infrastructure finance system.
  • NaBFID, established in 2021 by the National Bank for Financing Infrastructure and Development Act (2021) as India's fifth All India Financial Institution (AIFI) to support long-term infrastructure financing, including the development of bonds and derivatives markets.
    • As of February 2024, NaBFID as a specialised Development Finance Institution (DFI) has sanctioned over Rs 86,804 crore for infrastructure projects across the country, with 50% of the sanctions having long tenures of 20 to 50 years. NaBFID plans to sanction over Rs 3 lakh crore by March 2026.
  • Other Four AIFIs:

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