Govt-owned NaBFID plans to increase headcount to 150 by end of FY24

MD Rai says it will venture into rating banks and instruments by December

The government-backed National Bank for Financing Infrastructure Development (NaBFID) will increase its head count, including domain experts, from 30 at present to 150  by the end of financial year 2023-24 (FY24).

The staff strength will increase to 50 in a month, said Rajkiran Rai G, NaBFID’s managing director and chief executive officer.

Rai said the organisation would have a lean structure. The top deck would consist of a managing director, and there would be three deputy managing directors, who would look after functions like credit risk, monitoring, and treasury. The deputy MD for credit risk has already been hired.

NaBFID