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Prepared to handle any responsibility given by govt: IIFCL MD
New Delhi, Feb 28: Amid the proposed formation of DFI, India Infrastructure Finance Company Limited managing director PR Jaishankar has said the company is prepared to handle any responsibility given by the government.
The Union Budget 2021-22 presented in Parliament earlier this month proposed to set up a Development Finance Institution (DFI) with an initial capital of Rs 20,000 crore to fund the Rs 111 lakh crore ambitious National Infrastructure Pipeline (NIP).
National Bank for Financing Infrastructure and Development (NaBFID), the proposed DFI, expected to anchor the very ambitious NIP.
“IIFCL has been playing its role as a policy institution and financial institution of the Government of India for financing infrastructure development. The Budget has laid down a solid foundation for taking the infrastructure to the next scale,” Jaishankar told PTI.
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New Bad Bank to be set up within a month or two, says Financial Services Secy
The New Development Finance Institution announced by the finance minister will be called the National Bank for Financing, Infrastructure and Development , Financial Services Secretary Debashish Panda said. February 02, 2021 / 06:01 PM IST
The new Bad Bank , as announced by Finance Minister Nirmala Sitharaman in Union Budget 2021-22, would be set up within the next one or two months , Financial Services Secretary Debashish Panda said on February 2.
The new Development Finance Institution (DFI) announced by the finance minister will be called the National Bank for Financing, Infrastructure, and Development , Panda told
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