NaBFID to be treated as an AIFI
RBI has announced that the National Bank for Financing Infrastructure and Development-NaBFID, shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934. It shall be the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.
NaBFID was set up as a Development Financial Institution (DFI) under NaBFID Act, 2021 to support the development of long-term infrastructure financing in India.

By: Samar Thakur