NaBFID expects loan disbursements to reach ₹60,000 cr in FY24

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National Bank for Infrastructure Development Finance (NaBFID) expects to end fiscal year 24 with final loan penalties of Rs 1 crore and disbursements close to Rs 60,000 crore, according to Managing Director and CEO Rajkiran Rai.

He said the Development Finance Corporation, which made its first batch of loans in December 2022, has so far disbursed around Rs. 15,000 crore for projects mostly in the road and energy sectors (primarily renewable energy and transport projects).

“Our penalties in principle are around INR 55,000 crore. The final penalties, as of today, are around INR 25,000 crore. Of this, nearly Rs 15,000 crore has been disbursed,” Rai said.

The NaBFID chief noted that DFI is also considering some proposals in the solar and wind energy sectors, urban gas distribution, data centers, communication towers, as well as intermodal transportation projects that will come up and absorb a lot of the investment.

“As economic activity picks up, the ports are also supposed to see more developments,” he said.

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By March 2026, Ray expects NaBFID penalties to swell to ₹3 crore.

Besides the Rs 10,000 crore DFI raised recently via unsecured non-convertible debt notes, it plans to dispose of around Rs 30,000 crore via these bond issues in the second half of the year.

Including the above bond issues and bank lines of credit, NaBFID is looking to raise resources from Rs 50,000 to 52,000 crore in FY24.

“We’re planning some Tier-I and Tier-II releases next year. This will increase our capital, which can be utilized further. Ray said: We want to crowd investment in infrastructure.

Last week, NaBFID raised Rs 10,000 crore by issuing a 10-year listed bond in its first issuance at an annual coupon rate of 7.43 per cent.