IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju
Financial Express Kolkata|January 07, 2025
INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.
FE BUREAU

So far, IIFCL has sanctioned loans worth ₹2.8 lakh crore and disbursed ₹1.4 lakh crore, of which 50% was done in the past 4-5 years, Nagaraju said.

"In the next three years you (IIFCL) should lend ₹1 lakh crore...to fulfil the Viksit Bharat aspiration. You have the capacity, experience and resilience to undertake very complex products and finance infrastructure in the country," he told an event on the 20th foundation day of the institution.

This story is from the January 07, 2025 edition of Financial Express Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 07, 2025 edition of Financial Express Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS KOLKATAView All
Financial Express Kolkata

Trump's $500-billion AI odyssey

● Stargate signals US intent to lead the global AI race

time-read
3 mins  |
January 23, 2025
Financial Express Kolkata

Rupee rises 23 paise to 86.33, bias negative

THE RUPEE APPRECIATED 23 paise to close at 86.33 against the US dollar on Wednesday, supported by positive domestic equities and softening of the dollar index.

time-read
1 min  |
January 23, 2025
Financial Express Kolkata

Race for AI dominance

Stargate is part of US-China tech battle, but India should also look at foundational AI development

time-read
2 mins  |
January 23, 2025
Financial Express Kolkata

Court Acquits Khaleda Zia in 10-Year-Old Sabotage Case

A court in Bangladesh acquitted BNP Chairperson and former prime minister Khaleda Zia on Wednesday in a sabotage case filed in the southeastern Cumilla district 10 years ago.

time-read
1 min  |
January 23, 2025
Financial Express Kolkata

IT Shares Drive Sensex, Nifty

● Sell-off in broader markets continues, mid- and small-cap indices plunge

time-read
2 mins  |
January 23, 2025
Financial Express Kolkata

Slow growth in foldable phones demand: Oppo

CHINESE SMARTPHONE MAKER Oppo said the company is not keen on launching foldable phones in India presently as the demand is yet to pick up for the product segment across the industry.

time-read
1 min  |
January 23, 2025
Financial Express Kolkata

India's 'year of reforms' in defence

A close engagement between the private industry and govt is critical to achieve a robust policy along with adequate budgetary allocations in 2025

time-read
3 mins  |
January 23, 2025
Financial Express Kolkata

Bad loans weigh on HDFC...

The private lender witnessed a marginal growth in loans as its gross advances rose 3% on the year to ₹25.43 lakh crore

time-read
1 min  |
January 23, 2025
Financial Express Kolkata

J&J Tops Q4 Profit Estimates on Cancer Drug Sales

JOHNSON & JOHNSON (J&J) notched higher-than-expected fourth-quarter earnings on strong sales of its cancer medicines that helped offset the fade of an older blockbuster.

time-read
1 min  |
January 23, 2025
Financial Express Kolkata

Let there be truce: Realtors to Lodhas

PROMINENT REAL ESTATE developers and brand experts have called for an amicable resolution to the legal dispute between the Lodha brothers, Abhishek and Abhinandan, regarding the use of their family name in business.

time-read
2 mins  |
January 23, 2025