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SIDBI seeks bids from consultants to help set up Rs 20,000 cr NaBFID Parliament in March cleared National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India PTI | June 6, 2021 | Updated 17:42 IST The government expects the DFI to leverage this fund to raise up to Rs 3 lakh crore in the next few years SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up RS 20,000 crore DFI called National Bank for Financing Infrastructure an...

View: Let NaBFID function as Version -2 DFI Synopsis Infrastructure projects continue to languish for shortage of funds - debt as well as equity. Out of 6835 projects identified in December 2019 under National Infrastructure Pipeline (NIP), only a few ,about 225, have been completed and the remaining face, among other things, funding issues. With the enactment of National Bank for Financing Infrastructure and Development (NaBIFD)Act in the last week of March 2021 the focus now shift from the need of a development financial institution for infrastructure development to making NaBFID structura...

India well-armed to tackle second wave: Finance Ministry SECTIONS Share Synopsis The boost to infrastructure and capital spending in the budget along with the AtmaNirbharBharat Mission would contribute to the resilience of the economy and lead to brighter prospects in the new fiscal, the report said. Getty Images India was well-armed to combat any downside risk posed by the recent surge in Covid-19 cases on account of the vaccination drive and its experience from managing the pandemic during the first wave, the finance minister said in its Monthly Economic Report for March. The boost to infr...

Repurpose Existing Dev Finance Arms March 18, 2021, 10:55 AM IST Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Cabinet nod for an infrastructure-focused development finance institution (DFI) is noteworthy, given lacklustre credit growth in the backdrop of stepped up capital expenditure in the budget. But it would surely make better sense to repurpose an operational DFI, such as IFCI or IIFL, to boost project funding, with special focus on project vetting. Reports say that the National Ban...

Chief Economic Adviser K V Subramanian on Tuesday exhorted financial institutions to avoid crony lending and focus on high quality loans for creation of assets that will help the country become a $5 trillion economy. Observing that Indian banking sector since the early 1990s faced the problem of poor quality lending especially on large loans, he said, loans were not given to most creditworthy borrowers but to crony capitalists, leading to high distress. "When the financial sector decides to actually lend to a particular borrower who is more connected even though that borrower may not be th...