What is National Bank for Financing Infrastructure & Development (NaBFID)?
NaBFID as the principal Development Financial Institution (DFI) to support the development of long-term infrastructure financing in India was announced in the Budget 2021 by the GoI.
Consequently the Parliament enacted the National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021 .
It has been set up as a corporate statutory body with authorized share capital of one lakh crore rupees.
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NaBFID is regulated and supervised as an All India Financial Institution (AIFI) by the RBI under the Reserve Bank of India Act, 1934.
It is the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.
Currently it is headquartered at the Small Industries Development Bank of India’s (SIDBI) office in Bandra Kurla Complex, Mumbai.
It mandate to financing infrastructure and developing long term bond and derivatives markets.
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