Appointment of three independent directors on NaBFID board

Question : Government to soon appoint 3 independent directors on NaBFID board ? NaBFID stands for what ?
a. National Bank for Financing Infrastructure and Development
b. National Bank Federation for Infrastructure and Development
c. National Board for Financing Infrastructure and Development
d. None of the above
Ans. a.
Related facts —

  • Government to soon appoint three independent directors on newly-incorporated Rs 20,000 crore NaBFID board.
  • NaBFID statnds for – “National Bank for Financing Infrastructure and Development”.
  • It is actually a move that will clear the decks for commencing of operation of the Development Finance Institution critical for infra financing.
  • Background —
  • It is notable that October last year, the government had appointed veteran banker K V Kamath as the Chairperson of the NaBFID for three years.
  • It also appointed two government nominee directors on the board.

Link:

https://economictimes.indiatimes.com/news/economy/policy/government-to-soon-appoint-3-independent-directors-on-nabfid-board/articleshow/89541714.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst