NaBFID to Raise Rs 300 Bn in Q4, Says MD

10 Feb 2025 CW Team

The National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise Rs 300 billion in the on-going quarter to fund infrastructure projects across India. NaBFID is on track to meet its loan sanction target of Rs 1 trillion for the fiscal year 2025, and is expected to surpass it. However, the bank anticipates challenges in achieving its disbursement target of Rs 600 billion this financial year due to documentation and processing delays. There is often a gap between sanctioning loans and disbursing funds in the infrastructure sector.

In addition to this, NaBFID recently raised Rs 50 billion through a 15-year bond. The institution continues to raise capital, with the amount depending on the disbursement requirements. Set up in 2021, NaBFID is a specialised development finance institution aimed at addressing long-term funding gaps in the infrastructure sector, enhancing the bonds and derivatives market in India, and supporting economic growth.

A key development from the recent budget is the introduction of a partial credit enhancement facility for corporate bonds, expected to be operational by April 2025. This facility will help improve the credit ratings of corporate bonds, enabling companies to access funding at more favourable terms. It will be particularly beneficial for infrastructure projects by reducing financing costs. NaBFID has already worked on the details of the facility, and the government has supported its launch as part of the 2025-26 Budget.

News source: News Drum

Infrastructure Urban

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