SBI mulls lending ₹35,000 cr to NHAI for highway projects: Rajnish Kumar

State Bank of India, India’s largest lender, is “examining” a proposal from the National Highways Authority of India (NHAI) to lend as much as ₹ 35,000 crore through securitisation of toll receipts to part-fund highway projects this year, Chairman Rajnish Kumar has said.

“We are examining NHAI’s proposal to raise funds through securitisation of toll proceeds. We are looking at ₹ 30,000-35,000 crore, but not all of that will be funded by SBI,” Kumar told BusinessLine on the sidelines of a road show organized by NHAI on Monday.

“NHAI has huge cash flows. We are ready to give money to whoever needs it. It depends on how much and which route/model needs money,” he said.