NaBFID to loan over $12 billion in 2023-24

The National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so far, and it is ready to disburse Rs 230 billion. More­over, NaBFID aims to raise about Rs 300 billion via bond sales in the same year. The first issue of Rs 50 billion-Rs 100 billion is likely to be launched in June 2023.