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The new kid on the infrastructure financing block

NaBFID can support infrastructure projects in three ways: by giving loans, subscribing to bonds and picking up equity stakes

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Tamal Bandyopadhyay
If you watch National Bank for Financing Infrastructure and Development (NaBFID) Managing Director Rajkiran Rai closely, you will find a spring in his steps these days. The new animal that he has been shepherding for infrastructure financing in one of the world’s fastest-growing major economies is getting ready to make its first disbursement for a project in the renewable energy space before Christmas.

If things move according to plan, NaBFID will close financial year 2023, its first year, with around Rs 15,000 crore of disbursements and at least Rs 50,000 crore of sanctions. Rai, former Union Bank of India
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