NaBFID in talks with NDB, AIIB for $1-bn credit
NaBFID is in talks with NDB and AIIB to raise $1 billion under the RBI's currency risk cover window as it plans $4 billion in overseas borrowings.
National Bank for Financing Infrastructure and Development (NaBFID) has begun discussions with multilateral agencies such as New Development Bank (NDB) and Asia Infrastructure Investment Bank (AIIB) to raise about $1 billion under the Reserve Bank of India’s (RBI) concessional currency risk hedging window. The RBI window is open till December. The central bank is providing 1.5% exchange rate risk cover to lenders.
