Development finance body to start operations in next quarter

The National Bank for Financing Infrastructure and Development (NaBFID), one of the key initiatives of the government to finance long-term infrastructure projects, is set to commence operations in the second quarter of this fiscal. “All systems are in place and the appointments of senior executives are being done. All these things should be finalised in a month-and-a half and it will be ready for operation,” a senior finance ministry official told FE.
Following an announcement in the