Unique charter: Will NaBFID remain a 100% government-owned entity?

Its responsibilities and privileges will make it difficult for the government to reduce its 100% shareholding

This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Develop­ment or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity.

This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: “To begin with, it will be 100 per cent government owned. Later,