Centre infuses Rs 20k cr in NaBFID; BBB invites applications for post of MD

The Banks Board Bureau has also sought applications for the position of managing director of the government-owned development finance institute

The Centre has infused Rs 20,000 crore in National Bank for Financing Infrastructure and Development (NaBFID) that will help the development finance institution start its operations to catalyse investment in the infrastructure sector.

In a notification, the Department of Financial Services (DFS) notified February 7 as the date on which Rs 20,000 crore of share capital of the NaBFID has been allotted to the Centre. The DFI had to be set up with an initial paid-up capital of Rs 20,000 crore.

Separately, the Banks Board Bureau (BBB) has also sought applications for the position of managing director of the government-owned