National Bank for Financing Infrastructure and Development notified as public financial institution

The Central Government, in consultation with the Reserve Bank of India, vide notification dated 10th September, 2024 has notified the following banking and financial institution as a public financial institution, namely:-

1. “National Bank for Financing Infrastructure and Development”

The move will enhance the bank’s capacity to finance large-scale infrastructure projects. The Bank was set up with the essential objectives of addressing the gaps in long-term non-recourse finance for infrastructure development, strengthening the development of bonds and derivatives markets in India, and sustainably boosting the country’s economy.