NaBFID eyes tieups with multilateral funding agencies

NaBFID eyes tieups with multilateral funding agencies

New Delhi: The National Bank for Financing Infrastructure and Development (NaBFID) is looking to forge partnerships with multilateral funding agencies for blended finance to develop urban infrastructure and finance sustainable projects of urban local bodies, financial services secretary M Nagaraju said Thursday. Blended finance refers to the use of catalytic capital from public or philanthropic … Read more

View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

And it finally gets an institutional structure that can be a receptacle to monetise global goodwill into friendly funding from all over the world. Synopsis As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore — the largest-ever institutional startup — plus a one-time Rs … Read more