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.
National News India Introduces LoA Regime to Boost Sustainable Sea Fishing India has launched the…
Every year, July 11 is celebrated as World Population Day, the day observes to raising…
India has launched the new Letter of Authorisation (LoA) regime for the sustainable high-seas fishing,…
The Federal Bank has achieved the milestone as it received the first-ever international issuer credit…
India and Australia have made significant progress in their strategic technology partnership through the establishment…
India and Kyrgyzstan strengthened their cultural and academic partnership with the inauguration of the International…