NaBFID to Transform into Global Infrastructure Bank

India’s ‎government is poised to re‑position the National Bank for Financing Infrastructure and Development (NaBFID) — established in 2021 — as a global financial institution. In a move signalling a shift in scale, its name is expected to change to the Infrastructure Development Bank (IDB). This reflects the government’s ambition to elevate the institution beyond domestic infrastructure financing, aligning it with international peers like the Asian Development Bank (ADB) and the International Finance Corporation (IFC).

Background: What is NaBFID?

  • NaBFID was created under the National Bank for Financing Infrastructure and Development Act, 2021, as a dedicated development finance institution (DFI) for infrastructure in India.
  • The bank is 100 % government‑owned and has been classified as an All‑India Financial Institution (AIFI) under the Reserve Bank of India (RBI) Act, 1934.
  • Its mandate includes extending long‑term non‑recourse financing to infrastructure projects, refinancing existing infrastructure debt, and mobilising private investment for infrastructure.

Name and Branding Change

  • Senior officials have indicated that NaBFID will soon be renamed as the Infrastructure Development Bank (IDB).
  • A new logo and brand identity are expected as part of the transformation.

Global Ambition

By repositioning as a global institution, the bank aspires to,

  • Engage in cross‑border infrastructure financing, not just domestic projects
  • Raise international capital, align with global DFIs and bring global best‑practices
  • Enhance India’s influence in infrastructure development frameworks and financing internationally

Domestic Implications

  • It underscores India’s focus on infrastructure as a growth engine, aligning with the national infrastructure pipeline and long‑term development strategy.
  • It signals that infrastructure financing will be elevated, with specialised institutions taking lead roles to mobilise large capital and long tenors.
Shivam

Recent Posts

Which Glacier is the Source of the Brahmaputra River?

Rivers are very important for life, providing water for drinking, farming, and transportation. Some rivers…

9 hours ago

What is the Full Form of EDP? Know Everything About It

Electronic Data Processing (EDP) means using computers to handle information automatically. It allows organizations to…

9 hours ago

Which City of Germany is Known as the Grey City?

Some cities in the world have unique nicknames based on their weather, history or appearance.…

9 hours ago

Which Peak is Known as the Five Treasures of Great Snow?

There are many tall and beautiful mountains in the world, each with its own special…

9 hours ago

Which City of South Africa is Known as the City of Gold?

There is a famous city in South Africa that is known for its rich history…

9 hours ago

Former Union Minister Suresh Kalmadi Passes Away at 82

Senior politician and former Union Minister Suresh Kalmadi passed away in Pune at the age…

9 hours ago