Centre revives NaBFID-IIFCL merger plan for infrastructure financing
after close1 source ↓written by the desknot a recommendation
The Centre is considering reviving a five-year-old merger plan to combine the National Bank for Financing Infrastructure and Development (NaBFID) with the India Infrastructure Finance Co. Ltd. (IIFCL). This merger could create an infrastructure lending giant with a combined loan book of ₹1.85 trillion.
This move follows the recent REC-PFC merger aimed at strengthening infrastructure financing in India, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.