The Ministry of Corporate Affairs issued Notification G.S.R. 557(E) on September 10, 2024, under the Companies Act, 2013. In consultation with the Reserve Bank of India (RBI), the Central Government has notified the “National Bank for Financing Infrastructure and Development” as a public financial institution (PFI) under sub-clause (v) of clause (72) of Section 2 of the Act. This designation grants the institution certain privileges and regulatory benefits that apply to PFIs, enabling it to play a significant role in infrastructure financing across India. The notification was issued by Manoj Pandey, Additional Secretary, under the official reference [F. No. Policy-03/1/2024-CL-V-MCA].
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 10th September, 2024
G.S.R. 557(E).—In exercise of the powers conferred by sub-clause (v) of clause (72) of Section 2 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the Reserve Bank of India, hereby notifies the following institution as a public financial institution, namely:-
” National Bank for Financing Infrastructure and Development”.
[F. No. Policy-03/1/2024-CL-V-MCA]
MANOJ PANDEY Addl. Secy
