Quick Summary
The Finance Ministry has notified a concessional government guarantee fee of just 0.1% for the National Bank for Financing Infrastructure and Development (NaBFID) on borrowings from select international institutions. This is expected to ease the cost of foreign borrowing and further strengthen NaBFI
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Finance Ministry has notified a concessional government guarantee fee of 0.1% for NaBFID's borrowings from select international institutions.
The concessional rate applies to borrowings from multilateral institutions, sovereign wealth funds, and other specified foreign entities.
Yes, the rate may be reduced further upon approval for borrowings directly aligned with Central government-mandated purposes, provided NaBFID submits full details for consideration.
Guarantee fees are to be paid at the time of securing the guarantee and annually on April 1st thereafter.
NaBFID has received a Baa3 (Stable) rating from Moody's Ratings and a BBB-(Stable) rating from Fitch Ratings.
NaBFID was set up to address the long-term financing gap in key infrastructure sectors like transport, energy, urban development, and digital infrastructure in India.
CAclubindia
