Thursday, June 20, 2024
-Advertisement-
Education Sabha
Education Sabha
Education Sabha
Education Sabha
HomeNewsBFSICentre onboards top banker K V Kamath as NaBFID chief

Centre onboards top banker K V Kamath as NaBFID chief

Follow Tech Observer on Google News

Kamath, the first head of the New Development Bank (NDB) set up by the BRICS group of emerging market economies, had completed his five-year tenure last year

Google News

The Union government has announced to onboard veteran banker as chairperson of the newly set up Rs 20,000 crore National Bank for Financing Infrastructure and Development ().

Parliament in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.

“New approach to building #AatmaNirbharBharat! Central Government has appointed K V Kamath to the post of Chairperson, National Bank for Financing Infrastructure and Development, a newly set up DFI in India,” Department of Financial Services (DFS), under the finance ministry, tweeted.

Kamath, the first head of the New Development Bank (NDB) set up by the BRICS group of emerging market economies, had completed his five-year tenure last year.

The 73-year-old banker, known among his friends as KV, began his career at the erstwhile development finance institution (DFI) ICICI in 1971.

Back in 2008, when was hit by widespread rumours of ‘run-ons', Kamath led from the front and was instrumental in its complete turnaround. He retired as managing director and CEO in April 2009 and became its non-executive chairman.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Education Sabha
Education Sabha
Education Sabha
Education Sabha
- Advertisement -Education Sabha
- Advertisement -EmpowerFest 2024
- Advertisement -
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

AI surge to boost adoption of conversational analytics: Chetan Alsisaria, Polestar

"The way we interact with data is changing, thanks to large language models. Earlier bots were rule-based and limited, but now, AI allows for more natural, conversational interactions," said Chetan Alsisaria, CEO and Co-Founder, Polestar Solutions.

RELATED ARTICLES