Current Affairs   »   Banking Current Affairs 2022   »   NaBFID to be regulated as AIFI...

NaBFID to be regulated as AIFI under RBI Act

NaBFID to be regulated as AIFI under RBI Act_50.1

Reserve Bank of India has announced that National Bank for Financing Infrastructure and Development (NaBFID) will be regulated and supervised by it as an All India Financial Institution (AIFI) under the RBI Act, 1934. NaBFID will be regulated and supervised by RBI as an AIFI under Sections 45L and 45N of the Reserve Bank of India Act, 1934.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Presently RBI has four AIFIs under it namely EXIM Bank, NABARD, NHB and SIDBI. NaBFID will be the fifth AIFI under RBI. NaBFID has been set up as a Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India.

Important takeaways for all competitive exams:

  • Chairman of NaBFID: KV Kamath.

Find More Banking News Here

NaBFID to be regulated as AIFI under RBI Act_60.1
NaBFID to be regulated as AIFI under RBI Act_70.1

Thank You, Your details have been submitted we will get back to you.
Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *