Not just banks, find other ways to finance infra, RBI guv tells India Inc

Lists progress achieved in infra space in past five years, stresses that funding of $4.5 trn by 2030, as estimated by NITI Aayog, cannot be done by banks alone

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday asked India Inc to look beyond banks to fund infrastructure projects, saying the bad debt overhang had made them risk-averse and quite limited in what kind of exposure they would want to take on their books.

Das was interacting with industry captains at a meeting of the Confederation of Indian Industry (CII) governing council. 

While highlighting the progress achieved in the infrastructure space in the past five years, he said gaps remained there and that the funding of $4.5 trillion by 2030 — as estimated by the NITI Aayog —could not be