NaBFID plans to lend Rs 15,000 cr to infra projects this quarter

Mumbai: The National Bank for Financing Infrastructure and Development (NaBFID), the newest development finance institution (DFI) to start lending last month, expects to advance ₹15,000 crore to infrastructure projects this quarter, CEO Rajkiran Rai said. The lender commenced operations by lending ₹520 crore along with a consortium of financial institutions to fund the Banihal Qazigund Road Tunnel in December.