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Rajkiran Rai to be the first MD of NaBFID

Published on July 14, 2022
Current Context: Union bank Ex-CEO Rajkiran Rai to be the first managing director of NaBFID.
Rajkiran Rai to be the first MD of NaBFID
  • Financial Services Institution's bureau ( FSIB) recommended Rajkiran Rai G as the MD of the newly formed NaBFID.
  • Rajkiran Rai G completed his term as managing director and CEO of public sector lender Union Bank of India in May this year.
  • This is the first selection made by FSIB after its formation on July 1, 2022.
  • According to the NaBFID act 2021, it will have one MD and more than three DMDs.
  • The government has granted Rs.5000 cr and Rs.20,000 equity capital for NaBFID.
  • Static Knowledge:
    • NaBFID chairman – K.V Kamath


Q.1 Who has been named to be the managing director of NaBFID?
a. Dinesh Kumar Khara
b. Rajkiran Rai
c. Atanu Kumar Das
d. Mallikarjuna Rao
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