NaBFID to be regulated as AIFI under RBI Act : Rashtra News #NaBFID #regulated #AIFI #RBI #Act The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934. The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the
The National Bank for Financial Infrastructure and Development (NaBFID) reported its earnings doubled in the quarter ending December 2023, with a net profit of Rs 632 crore. Its capital adequacy ratio stands at 191%, and it has issued non-convertible debentures of Rs 19516 crore.
"Large parts of what we would see around us is going to go green. For example, ten years back, solar power was seen as something that we need to do because we need to go clean. But today, that is the cheapest form of power so that is the only way to go. So perforce, we are going to have larger and greener projects and we will have larger amounts of funding going for these projects."