NaBFID likely to make first fund commitment this financial year, says MD

The National Bank for Financing Infrastructure and Development (NaBFID) is likely to make its first commitment of funds to a project within the current financial year and is also eyeing a retail bond issuance, managing director Rajkiran Rai G said on Wednesday.

The projects that NaBFID is looking at include transmission, energy, solar power, roads, Rai said, adding that the development financial institution would consider both greenfield and brownfield projects. Rai was appointed as MD of NaBFID in July.

“We are already talking to merchant bankers. Most probably our raising of money will be by issuing bonds. So we may see some bond issuances in this financial year itself,” Rai said at a banking event in Mumbai.