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Date: 2021-10-27 Category: Extra Ordinary State: Union Government Country: India

Appointment of Chairperson in National Bank for Financing Infrastructure and Development

Issued by Ministry of Finance · Department of Financial Services

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**Summary:** This notification, S.O. 4482(E), issued by the Ministry of Finance, Department of Financial Services on October 27, 2021, announces the appointment of Shri K. V. Kamath, former Chief of New Development Bank of BRICS countries, as the Chairperson of the National Bank for Financing Infrastructure and Development (NBFID). This appointment is made in exercise of the powers conferred by Clause (a) of subsection (1) of Section 6 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021). The term of the appointment is for an initial period of three years from the date of assumption of charge or until further orders, whichever is earlier. The notification was issued under F. No. 15102021-IFI by Lalit Kumar, Economic Adviser.

Key Entities Referenced

National Bank for Financing Infrastructure and Development: A financial institution established by the Government of India to support infrastructure development. National Bank for Financing Infrastructure and Development Act, 2021: The legislative act that established the National Bank for Financing Infrastructure and Development. K. V. Kamath: Former Chief of New Development Bank of BRICS countries, appointed as Chairperson of the National Bank for Financing Infrastructure and Development. New Development Bank of BRICS countries: A multilateral development bank established by the BRICS states (Brazil, Russia, India, China, and South Africa). Ministry of Finance: The ministry responsible for financial matters in the Government of India. Department of Financial Services: A department within the Ministry of Finance. New Delhi: The location of the notification, Union Territory of Delhi LALIT KUMAR: Economic Adviser
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27102021-230768 xxxGIDHxxx CG-DL-E-27102021-230768 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4124] नई ददल्ली, बुधिार, अक्त बू र 27, 2021/कार्थतक 5, 1943 No. 4124] NEW DELHI, WEDNESDAY, OCTOBER 27, 2021/KARTIKA 5, 1943 जित्त मत्रं ालय (जित्तीय सिे ाएं जिभाग) अजधसचू ना नई ददल्ली, 27 अक् तूबर, 2021 का.आ. 4482(अ).—राष्ट्रीय अिसंरचना जित्तपोषण और जिकास बैंक अजधजनयम, 2021 (2021 का 17) की धारा 6 की उप-धारा (1) के खडं (क) द्वारा प्रदत् त िजतियय का प्रयोग करते ुए, केन्द्रीय सरकार, एतद्द्वारा, जिक्स देि के न्द्यू डेिलपमेंट बैंक के पूि व प्रमखु श्री के. िी. कामथ को पद का कायवभार ग्रहण करने की तारीख से तीन िषव की अिजध के जलए अथिा अगल े आदेि तक, िो भी पहल े हो, राष्ट्रीय अिसंरचना जित्तपोषण और जिकास बैंक के अध्यक्ष के पद पर जनयुतिय करती ह।ै [फा. सं. 15/10/2021-आईएफ-I] लजलत कुमार, आर्थथक सलाहकार MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 27th October, 2021 S.O. 4482(E).—In exercise of the powers conferred by Clause (a) of sub-section (1) of Section 6 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), the Central 6224 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] Government hereby appoints Shri K. V. Kamath, former Chief of New Development Bank of BRICS countries to the post of Chairperson, National Bank for Financing Infrastructure and Development, initially for a term of three years, from the date of assumption of charge of the post or until further orders, whichever is earlier. [F. No. 15/10/2021-IF-I] LALIT KUMAR, Economic Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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