{"id":9523,"date":"2021-12-17T17:16:39","date_gmt":"2021-12-17T11:46:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/bzi-dfi-kamath\/"},"modified":"2021-12-17T17:22:00","modified_gmt":"2021-12-17T11:52:00","slug":"bzi-dfi-kamath","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bzi-dfi-kamath\/","title":{"rendered":"NaBFID to start lending operation in first quarter of next financial year: Kamath"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-465710716\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 17 (PTI) National Bank for Financing Infrastructure and Development (NaBFID) Chairman KV Kamath on Friday said the newly created Rs 20,000-crore DFI would commence its lending operation in the first quarter of the next financial year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3084396820\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In October, the government had appointed Kamath as the chairperson of the development finance institution (DFI) for three years.<\/p>\n<p>&#8220;Realistically, we are a bank, and we need to get the nuts and bolts of a bank right&#8230;we are well into that,&#8221; Kamath said at the 94th annual convention of Ficci.<\/p>\n<p>He said that the technology platform is being given shape, and officials are being appointed.<\/p><div class=\"trade-content_5\" id=\"trade-1330834866\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;I would think the first approval probably will be in the first quarter of the next accounting year that is during the April period we should do it,&#8221; he said.<\/p>\n<p>By that time, he said, the managing director and CEO and other key staff would be in place.<\/p>\n<p>Kamath said NaBFID would be open to financing projects other than National Infrastructure Pipeline (NIP) based on the need.<\/p>\n<p>The DFI has been established as a statutory body to address market failures that stem from the long-term, low margin and risky nature of infrastructure financing. Wholly-owned DFI, therefore, has both developmental and financial objectives.<\/p>\n<p>It will help fund about 7,000 infra projects under the National Infrastructure Pipeline (NIP), which envisages an investment of Rs 111 lakh crore by 2024-25.<\/p>\n<p>On growth, Kamath said, it would be driven by various axis, including infrastructure, digital economy, manufacturing and agriculture.<\/p><div class=\"trade-content-10\" id=\"trade-320939125\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Driven by all these factors, he said, India could aspire for a growth rate of 12-13 per cent in the future. PTI DP  DP BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-2955125198\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 17 (PTI) National Bank for Financing Infrastructure and Development (NaBFID) Chairman KV Kamath on Friday said the newly created Rs 20,000-crore DFI would commence its lending operation in the first quarter of the next financial year. In October, the government had appointed Kamath as the chairperson of the development finance institution (DFI) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-9523","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NaBFID to start lending operation in first quarter of next financial year: Kamath - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/bzi-dfi-kamath\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NaBFID to start lending operation in first quarter of next financial year: Kamath\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 17 (PTI) National Bank for Financing Infrastructure and Development (NaBFID) Chairman KV Kamath on Friday said the newly created Rs 20,000-crore DFI would commence its lending operation in the first quarter of the next financial year. 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