The Centre has appointed veteran banker KV Kamath, as the Chairperson of the National Bank for Financing Infrastructure and Development (NaBFID), a newly set up ₹20,000-crore development finance institution (DFI). In March, the Parliament had passed a bill to set up NaBFID to fund infrastructure projects. Kamath has previously served as Infosys' Chairman and ICICI Bank's Chairman from 2009-2015.