Govt appoints KV Kamath as chairperson of newly set up Rs 20,000-cr DFI

Centre to appoint its two nominees this week

The government on Wednesday appointed veteran banker K V Kamath as the chairperson of the newly set up government-owned development finance institution (DFI) National Bank for Financing Infrastructure and Development.

The appointment has been done in consultation with the Reserve Bank of India (RBI), an official said. The government will also appoint its two nominees this week, and other board members would be appointed by the interim board of the DFI.

The DFI would have a chairman, two government nominees, and four whole-time directors. Wholetime directors will include a chief executive officer (CEO) and three other members. The interim board