The Union Minister for Finance and Corporate Affairs recently chaired a meeting to assess the progress of the National Bank for Financing Infrastructure and Development (NaBFID).
About the National Bank for Financing Infrastructure and Development (NaBFID):
- It is India’s 5th All India Financial Institution (AIFI), which was established by the Central Government in 2021 through “The National Bank for Financing Infrastructure and Development Act, 2021.”
- As a specialized Development Finance Institution (DFI), NaBFID aims to bridge the financial gap in the infrastructure sector, supporting India’s infrastructure development.
- It has a vision to be a globally recognized provider of impact investment, thus catalyzing infrastructure funding for transformative growth.
- Regulated as an AIFI by the Reserve Bank of India (RBI), it has both developmental and financial objectives contributing towards the goal of Viksit Bharat by strengthening the development of bonds and derivatives markets essential for infrastructure financing.
Ref:Source
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