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    Question

    Which entity was designated as a Public Financial

    Institution under Section 2 of the Companies Act, 2013, by the Ministry of Corporate Affairs in September 2024?
    A Indiabulls Housing Finance Limited Correct Answer Incorrect Answer
    B National Housing Bank Correct Answer Incorrect Answer
    C National Asset Reconstruction Company Limited Correct Answer Incorrect Answer
    D Piramal Capital and Housing Finance Limited Correct Answer Incorrect Answer
    E National Bank for Financing Infrastructure and Development Correct Answer Incorrect Answer

    Solution

    The National Bank for Financing Infrastructure and Development (NaBFID) was recognized as a Public Financial Institution by the Ministry of Corporate Affairs, in consultation with the RBI. This designation is pivotal in enabling NaBFID to spearhead significant infrastructure projects, thereby fostering development across India.

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