NaBFID, state-backed infra lender, plans 530 billion rupees debt raise in FY25, says official
NaBFID) plans to raise 530 billion rupees ($6.31 billion) from the debt market this fiscal year, its top executive told Reuters on Thursday.
The bank has already raised 90 billion rupees and the rest will be raised depending on the infrastructure lender's disbursement pattern, said Rajkiran Rai, NaBFID's managing director.
NaBFID has already sanctioned 200 billion rupees of its target of 1 trillion rupees for the 12 months through March 2025, Rai said.
And while it also issued loans worth more than 1 trillion rupees as of March 2024, that was over a 15-month period, he noted.
Rai is confident of meeting this year's target despite the potential hiccup of the Reserve Bank of India enforcing its proposed norm of requiring lenders to set aside higher provisions for under-construction infrastructure projects.
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