The Centre and the board of the National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for the next five years. The board of NaBFID approved Rai’s appointment on July 30 based on clearance by the RBI, centre and the Development finance institutions (DFI) nomination and remuneration committee. He took charge as the DFI’s MD on August 8, and will hold the top post till May 18, 2027, according to details of the appointment.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Last year in October 2021, the Centre had appointed K V Kamath as chairperson of NaBFID. Subsequently, government nominees Pankaj Jain and Sumita Dawra were appointed directors to the board of DFI. The government has already infused Rs 20,000 crore into NaBFID to help the DFI start its operations to catalyse investment in the infrastructure sector.
The Ministry of Statistics and Programme Implementation (MoSPI) has announced a major reform in India's…
OmniCard, a corporate spend management platform developed by Eroute Technologies Private Limited, has launched India's…
The Reserve Bank of India (RBI) has released draft amendments to strengthen India's securitisation market…
In a landmark initiative to promote women's empowerment, renewable energy, and rural entrepreneurship, the Chhattisgarh…
To commemorate the completion of four years as the President of India, President Droupadi Murmu…
DBS Bank has created history by becoming the first Southeast Asian bank to be named…