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KV Kamath to head NABFID

·        It is a newly set up development finance institution in the country. The board will incorporate thirteen contributors, together with a chairman, 4 complete-time administrators and two government nominees.

·        The remaining are anticipated to be unbiased directors.

·        Parliament had, in March this year, passed a Bill to set up NABFID to fund infrastructure projects in the country.

·        The financial institution has been set up to guide the development of long-time period, non-recourse infrastructure financing in India, inclusive of the development of the bonds and derivatives markets important for infrastructure financing and to hold on the business of financing infrastructure.