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Regarding the National Bank for Financing Infrastructure and Development (NaBFID), consider the following statements
It has been notified as a “public financial institution” under the Companies Act, 2013.
It was established as India's first All India Financial Institution (AIFI) to support long-term infrastructure financing.
Which of the statements given above is/are correct?
1 only
2 only
Both
None
Only statement 1st is correct.
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.
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 is India's fifth All India Financial Institution (AIFI) to support long-term infrastructure financing, including the development of bonds and derivatives markets.
Hence option 1st is correct.
By: Shubham Tiwari ProfileResourcesReport error
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