K V Kamath appointed as chairperson of NaBFID

K V Kamath appointed as chairperson of NaBFID

• Central Government has appointed K V Kamath as chairperson of the National Bank for Financing Infrastructure and Development (NaBFID). Kamath is a well-known banker in India and is the first head of the New Development Bank (NDB).
• NaBFID is a newly set up development financial institution (DFIs) in India. It has been set up for infrastructure financing as per the National Bank for Financing Infrastructure and Development (NaBFID) Act 2021.
• The authorized share capital of the NaBFID is Rs one lakh crore. The initial paid-up capital of NaBFID is Rs 20,000 crore.
• The headquarters of NaBFID is in Mumbai.

Points to remember:

1. Who is the chairperson of NaBFID?
2. Authorised capital of NaBFID?- Rs 1 lakh Crore
3. Initial paid-up capital of NaBFID?- Rs 20,000 crore
4. Headquarters of NaBFID?- Mumbai
5. NaBFID is a type of?- development financial institution (DFI)

Source: Financial Express

National Bank for Financing Infrastructure and Development (NaBFID) Act 2021.