KV Kamat appointed as Chairperson of National Bank for Financial Infrastructure and Development

KV Kamat appointed as Chairperson of National Bank for Financial Infrastructure and Development

Daily Current Affairs   /   KV Kamat appointed as Chairperson of National Bank for Financial Infrastructure and Development

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Category : Appointment/Resignation Published on: October 28 2021

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  • The central government appointed veteran banker KV Kamat as the chairperson of the newly formed Rs 20,000 crore development finance institution NABFID (National Financial Infrastructure and Development Bank).
  • The objective of the Center is to provide investment to the infrastructure sector facing fund crunch through this initiative. 
  • Parliament had approved the NABFID Bill, 2021 in March this year. 
  • This bank will provide financial help to the infrastructure sector in India for a long time.
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