The Reserve Bank of India (RBI) on January 01, 2025, notified regarding the Participation of NaBFID as an AIFI in financial markets with reference to the press release dated March 09, 2022 wherein it was communicated that the National Bank for Financing Infrastructure and Development (NaBFID) shall be regulated and supervised as an All-India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.
In this regard, the following Directions have been updated, as attached, to amply clarify that NaBFID is permitted to participate as an AIFI in financial markets regulated by the Reserve Bank:
• Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022; and
• Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 (Updated as on November 28, 2019)
The Directions shall be applicable with immediate effect.
[Notification no. RBI/2024-25/101 FMRD.DIRD.No.09/14.03.004/2024-25]
