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DFI to get direct access to Reserve Bank of India's funding facilities

Govt may guarantee bonds, debentures and loans issued by the new institution

Topics
Development finance institutions | Nirmala Sitharaman | India's infrastructure

Nikunj Ohri  |  New Delhi 



nirmala sitharaman
Finance Minister Nirmala Sitharaman introduced the National Bank for Financing Infrastructure and Development Bill in the Lok Sabha on Monday

The new government-backed development finance institution (DFI) will get direct access to funding facilities by the Reserve Bank of India, helping the infrastructure lender to raise funds at a cheaper rate. The central government may guarantee the bonds, debentures, and loans issued by the new DFI if the infrastructure lender wants.

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First Published: Tue, March 23 2021. 02:08 IST

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