Nabfid sanctions ₹3,000 crore loans for data centres
pre-market1 source ↓written by the desknot a recommendation
- each
- ₹3,000 crore
- and repayment
- 10 years
The National Bank for Financing Infrastructure and Development has sanctioned loans exceeding ₹3,000 crore each to at least four data centres. This move highlights the increasing demand for financing in India's artificial intelligence infrastructure sector. Nabfid anticipates sustained demand from hyperscalers and cloud service providers, with loans featuring moratoriums of up to five years and repayment over 10 years. 📈
Not investment advice. For informational purposes only.