All India Financial Institutions (AIFI) Current Affairs, GK & News

New Managing Director (MD) of NaBFID

Rajkiran Rai G has been appointed as managing director (MD) for five years. Appointment has been done by Centre and Board of National Bank for Financing Infrastructure & Development (NaBFID). His name was recommended by Financial Services Institutions Bureau (FSIB). On July 30, 2022, Reserve Bank of India (RBI), Development finance institutions (DFI) nomination & remuneration ..

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RBI proposes minimum 11.5% capital for four AIFIs

Reserve Bank of India (RBI) proposed a minimum of 11.5% capital for four all India financial institutions (AIFI). Key Facts This minimum capital was proposed in accordance with Basel III framework for raising the resilience of AIFI in periods of stress. Stricter capital norms would be applicable to National Housing Bank, Exim Bank, Small Industries ..

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