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Keen to reignite long-term financing: Finance Minister Piyush Goyal

The minister said he had suggested the idea of a 25-year bond to a senior official of the largest bank over the weekend

Piyush Goyal
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Piyush Goyal

Ishita Ayan Dutt Kolkata
Union Finance Minister Piyush Goyal has proposed a long-term infrastructure bond with a fixed coupon rate.

At an interaction, organised by the Indian Chamber of Commerce, the Union minister said, long-term financing was a worry for the segment, especially after the transformation of IDBI and ICICI. 

The minister said he had suggested the idea of a 25-year bond to a senior official of the largest bank over the weekend. 
"I am open to suggestions on how to reignite long-term financial infrastructure," he added. 
 
In the last four to five weeks, the minister said, the focus had been on regaining ability to get credit