NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath

The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath

The National Bank for Financing Infrastructure and Development (NaBFID) will begin business by approving the first loan for the project in the first quarter of the new financial year (2022-23) beginning April 2022, said its chairman on Friday.

The vision is to see lending of Rs 3-4 trillion by the institution in next three years or so. The emphasis in funding will be on having the right tenor (loan period) and right price, said K V Kamath, chairman, NaBFID. The first approval would probably be in the first quarter of the next accounting year (FY23). Bank will need that much