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:
Scotland has become the first country in the United Kingdom to legalize water cremation, also…
India is observing National Safety Day 2026 on March 4. The day reaffirming its commitment…
World Obesity Day 2026 will be observed on March 4. This year drawing global attention…
India has overtaken the United States to become the second highest country globally for childhood…
The Ashmolean Museum at the University of Oxford has formally returned a 16th-century bronze idol…
A landmark achievement for Indian sport. In which the India women's national cricket team has…