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National Bank for Financing Infrastructure and Development
March 13 , 2022
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- Reserve Bank of India has announced that National Bank for Financing Infrastructure and Development (NaBFID) will be regulated and supervised by it as an All India Financial Institution (AIFI) under the RBI Act, 1934.
- Presently RBI has four AIFIs under it namely EXIM Bank, NABARD, NHB, and SIDBI.
- NaBFID will be the fifth AIFI under RBI.
- NaBFID has been set up as a Development Financial Institution to support the development of long-term infrastructure financing in India.
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