K V Kamath appointed as Chairman of NaBFID

29 Oct 2021 CW Team

The Ministry of Finance has appointed K V Kamath as the Chairman of the development finance institution (DFI) National Bank for Financing Infrastructure and Development (NaBFID).

In March, the Parliament passed the NaBFID bill for creating a DFI, which will help in funding long-term infrastructure projects in India. Initially, DFI will be owned by the government, but its stake will be reduced by 26% later. The budget has allocated Rs 20,000 crore to capitalize the DFI, expecting to create a portfolio of Rs 5 trillion in three years.

The new entity will help in providing finance options for projects in the National Infrastructure Pipeline. The government has decided to increase investment in infrastructure projects to boost the economy after the Covid-19 pandemic.

Under the National Infrastructure Pipeline, the government plans to invest Rs 111 trillion by 2025.

Kamath was the first president of the National Development Bank-funded by five Brazil, Russia, India, China, and South Africa (BRICS) members after completing his five-year tenure in 2020. He is credited to have built the multilateral lending institution from scratch.

He is also credited for catapulting ICICI Bank Limited to the level of India's second-largest lender. He headed the bank for 13 years till 2009. Kamath was also a non-executive Chairman of Infosys Limited, with India being the second-largest software services exporter. He spent eight years at the Asian Development Bank (ADB), being a part of the private sector department. He returned to India to be a managing director and chief executive of ICICI Bank Limited.

Image Source

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..