Ministry of Corporate Affairs (MCA) Designates National Bank for Financing Infrastructure and Development (NaBFID) as a Public Financial Institution under Companies Act 2013.

National

The Ministry of Corporate Affairs (MCA) has officially designated the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution under the Companies Act, 2013. This recognition aligns NaBFID with a category of financial entities that provide significant public services and are subject to specific regulatory oversight. The designation underscores NaBFID's crucial role in financing infrastructure projects and promoting economic development across various sectors. By becoming a public financial institution, NaBFID will enhance its ability to contribute to national growth and infrastructure development initiatives more effectively.


      NaBFID will now adhere to stricter regulatory standards and enhanced transparency as a public financial institution.

      This move aims to boost investor confidence and facilitate greater funding for infrastructure projects nationwide.

     

 

     


About MCA,

Head : Nirmala Sitharaman( Union Minister)
Headquarters: New Delhi
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