Govt notifies NaBFID as a public financial institution under Companies Act

The government has officially recognized the National Bank for Financing Infrastructure and Development (NABFID) as a public financial institution under the Companies Act. This notification formalizes NABFID's status and operational framework, enhancing its role in infrastructure financing. As a public financial institution, NABFID will be subject to regulatory oversight and compliance requirements, which will support its mission of financing infrastructure projects across the country. This designation is expected to bolster NABFID’s capacity to mobilize resources and contribute to national development objectives.