Government invests Rs 20,000 crore in NaBFID

09 Feb 2022 CW Team

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

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

Separately, the Banks Board Bureau (BBB) has additionally sought applications for the position of managing director of the government-owned development finance institute.The DFI is preparing to begin its work in the April-June quarter.

The DFI will lend to or infuse in infrastructure projects situated in India and outside the nation prioritising systemic risk mitigation, credit enhancement, subordinate debt, debt maturities suited to project life spans, and boost long-term finance for the same.The DFI will obtain government guarantees at a concessional rate of up to 0.1% for borrowing from multilateral institutions, sovereign wealth funds, and other such foreign institutions.

In October 2021, the government had selected veteran banker KV Kamath as chairperson of the DFI. Government nominees Pankaj Jain and Sumita Dawra were also nominated as directors on the board of NaBFID.

Image Source

Also read: K V Kamath appointed as Chairman of NaBFID

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..