NABFID

Greenko Mauritius, a subsidiary of Greenko Energy Holdings focused on renewable energy, has decided against proceeding with its planned dollar bond issuance aimed at refinancing a $425-million bank loan. Fitch Ratings has withdrawn the 'BB' rating a...

NABFID has sanctioned Rs 6200 crore from which Greenko will use to pay back foreign bond investors for bonds maturing in January and July next year, these people said on the condition of anonymity as the process for the buyback has still not started.

The Bank Clinic is an initiative by the All India Bank Employees' Association (AIBEA) to help customers address their grievances amid rapid expansion in technology and a series of Reserve Bank of India (RBI) guidelines on retail banking. A customer ...

State-owned lenders plan to approach the government seeking changes to terms governing performance bank guarantees (PBGs), timely compensation from concessioning authorities, and greater immunity for board members sanctioning funds for infrastructur...

Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to p...

Finance Minister Nirmala Sitharaman has asked NaBFID to introduce a structured partial credit enhancement facility and create a data repository for the infrastructure sector. She also advised NaBFID to develop sector specialisation and evaluate larg...

To date, NaBFID has made total sanctions of more than Rs 86,804 crore, with projects spread across the country and in diversified sub-sectors of infrastructure like roads, renewable power, ports, railways, and city gas distribution. Out of the Rs 86...

Banks had been pressing for immunity from arbitrary arrest or action by investigating agencies against their top executives for taking commercial decisions such as grant of loans, but there has been little headway on this demand so far.

RBI Deputy Governor T Rabi Sankar emphasised the importance of the banking sector and its stakeholders being vigilant about legal and cyber risks, as well as addressing skill gaps arising from Artificial Intelligence (AI). Speaking at the 19th Annua...

The National Bank for Financial Infrastructure and Development (NaBFID) reported its earnings doubled in the quarter ending December 2023, with a net profit of Rs 632 crore. Its capital adequacy ratio stands at 191%, and it has issued non-convertibl...

"Large parts of what we would see around us is going to go green. For example, ten years back, solar power was seen as something that we need to do because we need to go clean. But today, that is the cheapest form of power so that is the only way to...

The bond sale, which had a base size of ₹5,000 crore, received bids worth ₹23,629.50 crore, NaBFID said. SBI Capital Markets was the lead advisor to the issue, while Cyril Amarchand Mangaldas was the legal advisor.

The state-backed infrastructure lender, which was set up in 2021, is planning an issuance with a base size of ₹5,000 crore and an additional subscription option worth ₹5,000 crore, sources aware of the development said.

NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of bonds and derivatives markets ...

We saw a phase after that when new infra projects came up and banks financed those despite not having long-tenure liabilities to match these assets. As a result, we saw NPA issues in the banking system because of delays in infrastructure projects.

The infrastructure lender, which started operations last year, has sanctioned in-principle loans worth 450 billion rupees so far and is ready to disburse 230 billion rupees, said Rajkiran Rai, managing director of NaBFID. NaBFID was set up as a deve...

“Typically people say exceptional numbers looking at profit. But I say exceptional looking at the health of the balance sheet. All the leading banks have net NPAs of less than 1% and more like half a percent. I would think that this is something tha...

Bankers have been lobbying for changes in existing provisions toward this end, arguing that it will help hasten decision-making, in turn bolstering growth and economic development. Banks repeatedly raised the issue after the 2021 arrest of former St...

With the appointment of IDBI Bank's J Samuel Joseph last month, NaBFID now has all three deputy managing directors (DMDs) in place. Joseph will be in charge of lending & project finance for the financial institution. Former Union Bank of India execu...