Centre revives NaBFID-IIFCL merger plan for infrastructure financing
pre-market1 source ↓written by the desknot a recommendation
The Centre is considering reviving a five-year-old merger proposal between the National Bank for Financing Infrastructure and Development (NaBFID) and 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, which may enhance market sentiment in the sector.
Not investment advice. For informational purposes only.