section 20
Performance review of Institution.
The National Bank for Financing Infrastructure and Development Act, 2021Finance202148 sections7 chapters
Chapter IV ACTIVITIES OF INSTITUTION
Statutory text
- (1) The performance of the Institution shall, once in every five years, be reviewed by an external agency to be appointed by the Central Government.
- (2) The external agency shall review the performance of the Institution for the last five years with respect to the purpose and objectives of the Institution as set out in section 4 and shall take into account such key performance indicators as may be prescribed.
- (3) The external agency shall submit a report of its findings to the Board which shall forward a copy thereof along with action taken, if any, pursuant to such report to the Central Government within a period of three months from the date of receipt of the report.
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