Mumbai: The National Bank for Financing Infrastructure and Development (Nabfid) and National Bank for Agriculture and Rural Development (Nabard) plan to raise funds in this fiscal year in external commercial borrowings and debt, its top officials said in an event in Mumbai.
Nabfid is looking to borrow up to $1 billion. “The quantum be up to $1 billion, but it can partially be via bonds and partially via ECB, depending on the cost,” Rajkiran Rai, managing director, Nabfid said.
While Nabard did not specify the quantum or timeline of the borrowing, an ECB from the institution will be its maiden issue in FY26, after it received permission from the Reserve Bank of India.
“We have the permission in place and have started work on it,” Nabard chairman Shaji K V said on the sidelines of the annual Fibac event.
