The government of India has appointed K V Kamath as chairperson of the National Bank for Financing Infrastructure and Development (NaBFID). He is a well-known banker in India and is the first head of the New Development Bank (NDB). NaBFID is a newly set up development financial institution (DFIs) in India. It has been set up for infrastructure financing as per the National Bank for Financing Infrastructure and Development (NaBFID) Act 2021. The authorized share capital of the NaBFID is Rs one lakh crore. The initial paid-up capital of NaBFID is Rs 20,000 crore.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Important takeaways for all competitive exams:
There are many cities in India that are known for something special, like species, textiles…
Every year in Puri, Odisha, a very special festival takes place to honor Lord Jagannath,…
In a strategic tourism and diplomatic move, Bollywood actor Katrina Kaif has been named the…
Kabir Das Jayanti is celebrated every year to remember the birth of Sant Kabir Das,…
In a significant judgment, the Calcutta High Court has permitted a 15-year-old boy to adopt…
Sri Lanka is observing the sacred Poson Poya festival today, which commemorates the arrival of…
![](data:image/svg+xml;charset=utf-8,<svg height="225px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
