State Bank of India (SBI) and National Investment and Infrastructure Fund\n(NIIF) inked a memorandum of understanding (MoU) to boost the availability of\ncapital for infrastructure projects. <\/p>\n\n\n\n
The scope of the MoU includes equity investments, project funding, bond\nfinancing, renewable energy support and take-out finance for operating assets,\naccording to the joint statement issued by SBI and NIIF. <\/p>\n\n\n\n
The objective of this initiative is to aid in filling the gap at a time when\nthe availability of equity and debt financing for infrastructure has moderated,\nit added. <\/p>\n\n\n\n
Rajnish Kumar, Chairman, SBI, said the bank and NIIF have joined hands to\nprovide a suite of financing solutions to the infrastructure sector. The\ninitiative will address concerns relating to the availability of equity and\nlong-term debt funding options to large scale projects, thereby stimulating the\ninfrastructure development.<\/p>\n\n\n\n
Sujoy Bose, Managing Director and CEO, NIIF, said the availability of\npost-construction take-out equity and debt financing for developers and\nbuilders of infrastructure projects will play an important role in the\ninfrastructure development cycle in India. NIIF\u2019s partnership with SBI will\nallow us to design large-scale, long-term financing solutions to address this\nneed,\u201d he said.<\/p>\n\n\n\n
In addition to focusing on take-out financing, including through the IDF\n(Infrastructure Development Fund) route, the partnership will also explore new\navenues of financing renewable energy projects.<\/p>\n\n\n\n
During the last financial year, SBI \u2014 through its specialised Project\nFinance & Structuring Business Unit \u2014 extended financial assistance of\nabout \u20b951,000 crore to 47 infrastructure projects\nand for the current financial year the bank has a robust pipeline.<\/p>\n\n\n\n
About NIIF<\/strong> State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets, according to the joint statement issued by […]<\/p>\n","protected":false},"author":13,"featured_media":3180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[74,65],"class_list":["post-3179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-bank-current-affairs","tag-current-affairs-on-memorandum-of-understanding"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=3179"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3179\/revisions"}],"predecessor-version":[{"id":3182,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3179\/revisions\/3182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/3180"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=3179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=3179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=3179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Establishment: 2015
Headquarters: Mumbai
CEO: Sujoy Bose<\/p>\n","protected":false},"excerpt":{"rendered":"