The **Finance Ministry** has added **C S Setty**, the Chairman of SBI, and **Uday Kotak**, director of Kotak Mahindra Bank, to the **NIIF Trustee Governing Council**.
C S Setty replaces **Dinesh Khara**, while Uday Kotak succeeds **T V Mohandas Pai** in the council.
These appointments received the nod from **Finance Minister Nirmala Sitharaman**, who chairs the Governing Council.
The **National Investment and Infrastructure Fund** (NIIF) was established in **December 2015** to boost infrastructure financing with a corpus of ₹40,000 crore.
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