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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 Group's 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 loan exposures. At least four lenders have shown interest in acqui...
State Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately ₹11,000-crore loan exposure to the Adani Group's 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 loan exposures. At least four lenders have shown interest in acquiring the debt from SBI.
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.