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NaBFID can support infrastructure projects in three ways: by giving loans, subscribing to bonds and picking up equity stakes
According to the memorandum, if NBFCs are to be regulated like banks, then the typical NBFC model of lending will suffer which will have an impact lending to the unbanked/ underbanked segment
The Union power ministry has moved a proposal to grant Power Finance Corporation (PFC) the status of a development financial institution (DFI)
Power min writes to FinMin, pitching PFC as lead agency for energy transition funding
The Centre, earlier this month, transformed the Banks Board Bureau into FSIB and expanded the headhunter's role to suggest appointments for PSU banks, insurance companies and financial institutions
The DFI is preparing to commence its operation in the first quarter of the next fiscal year.
Last month, the government had announced the appointment of the veteran banker as the chairperson of the newly set up development finance institution
Centre to appoint its two nominees this week
Over years, the two institutions will become agents of uncertainty as the government tries to make them work to avoid adverse criticism.
Here are the best of Business Standard's opinion pieces for Friday
No credible signs yet of the viability of long-term infrastructure lending in India
CDC's investment in the transaction is supported by a partial guarantee provided by Northern Arc
'Health is not part of the concurrent list. In light of the pandemic, it's high time we move health as a subject in the concurrent list,' said N K Singh at an event
The Bill suggests that the government has learned from past mistake
Tax breaks for DFIs; way for LIC listing cleared
Govt may guarantee bonds, debentures and loans issued by the new institution
The government will next week introduce in the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 in Lok Sabha
The Cabinet on Tuesday approved the Bill to create the government-promoted DFI
The government expects the DFI to finance a large percentage of the Rs 115-trillion spending needed for the National Infrastructure Pipeline