IIFCL may be subsumed into new DFI: DFS Secretary SECTIONS Last Updated: Feb 03, 2021, 07:47 AM IST Share Synopsis Department of Financial Services secretary Debashish Panda said the proposed DFI would come under the regulatory supervision of the Reserve Bank of India and gradually the government’s stake in the company would be brought down to 26%. About 7,000 projects have been identified under the NIP with projected investment of a whopping Rs 111 lakh crore during 2020-25. NEW DELHI: India Infrastructure Finance Company Ltd (IIFCL) may be subsumed into the proposed development finance institution (DFI) being set up to accelerate infrastructure financing and the private sector will also be able to float such entities, Department of Financial Services secretary Debashish Panda said.