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NaBFID UPSC NOTE

 


What is National Bank for Financing Infrastructure & Development (NaBFID)?

  • NaBFID as the principal Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India was announced in the Budget 2021 by the GoI.

  • Consequently the Parliament enacted the National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021 .

  • It has been set up as a corporate statutory body with authorized share capital of one lakh crore rupees.

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  • NaBFID is regulated and supervised as an All India Financial Institution (AIFI) by the RBI under the Reserve Bank of India Act, 1934.

  • It is the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.

  • Currently it is headquartered at the Small Industries Development Bank of India’s (SIDBI) office in Bandra Kurla Complex, Mumbai.

  • It mandate to financing infrastructure and developing long term bond and derivatives markets.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: NaBFID UPSC NOTE
NaBFID UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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