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Avaada Energy said it has closed $535 million in refinancing from the state-owned National Bank for Financing Infrastructure and Development.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to prepay existing loans to multiple lenders. The facility, sanctioned and disbursed as a 20-year rupee term loan, achieves significant commercial improvements over the earlier facilities prepaid, the company said in a statement.

Find out about the businessman who is a member of Mukesh Ambani-led Reliance's Board of Directors, and is running a Rs 2 lakh crore company...

NaBFID to be regulated as AIFI under RBI Act : Rashtra News #NaBFID #regulated #AIFI #RBI #Act The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934. The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the

Finance Minister Nirmala Sitharaman has asked NaBFID to introduce a structured partial credit enhancement facility and create a data repository for the infrastructure sector. She also advised NaBFID to develop sector specialisation and evaluate large and complex infrastructure projects.

SBI Down Selling Ganga Expressway: State Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately INR 11,000 crore loan exposure to the Adani Groups Ganga Expressway project. SBI is engaging with institutions like the National Bank for Financing Infrastructure and Development (NaBFID), Punjab National Bank (PNB), and power finance companies for the downselling. The move follows the standard practice in infrastructure financing, allowing banks to diversify r...

State Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately ₹11,000-crore loan exposure to the Adani Groups Ganga Expressway project. SBI is engaging with institutions like the National Bank for Financing Infrastructure and Development (NaBFID), Punjab National Bank (PNB), and power finance companies for the downselling. The move follows the standard practice in infrastructure financing, allowing banks to diversify risk by selling portions of large loa...

The National Bank for Financial Infrastructure and Development (NaBFID) reported its earnings doubled in the quarter ending December 2023, with a net profit of Rs 632 crore. Its capital adequacy ratio stands at 191%, and it has issued non-convertible debentures of Rs 19516 crore.

In a first for Mint in the 16th year of the event, the programme will bring into its fold all major arms of the banking, financial services and insurance (BFSI) industry.