NaBFID has been notified by the Centre as a ‘Public Financial Institution’.
National Bank for Financing Infrastructure and Development (NaBFID) has been notified by Corporate Affairs Ministry as a ‘Public Financial Institution’ under Company law.
With PFI status, NaBFID would gat various benefits under the Company Law, Income Tax law, SARFAESI law etc.
Under the National Bank for Financing Infrastructure and Development Act 2023, NaBFID was established as a Development Finance Institution (DFI).
With effect from December 29, 2022, NaBFID had started its commercial operations.
It was established to aid in the growth of India’s long-term non-recourse infrastructure finance.
