The government has officially designated the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution under the Companies Act.

This move is aimed at strengthening the country's infrastructure finance framework.

In a notification dated September 10, the Corporate Affairs Ministry announced that, in accordance with Section 2 of the Companies Act, 2013, and in consultation with the Reserve Bank of India, the Central Government has notified NaBFID as a "public financial institution."