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Banks, financial institutions need to design project-specific products for meeting Rs 111 lakh crore NIP target, says DFS Secretary

Banks, financial institutions need to design project-specific products for meeting Rs 111 lakh crore NIP target, says DFS Secretary

Thu, Jan 05, 2023

While 44 per cent of investment is funded through the central and state budgets, banks, financial institutions and Development Finance Institutions (DFIs) are expected to play a crucial role in financing of these projects with a share of about 30 per cent, he said while addressing an event marking the 18th foundation day of state-owned IIFCL here.

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Government exhorts banks to lend more to industry given multiplier benefits for country’s economic growth

Government exhorts banks to lend more to industry given multiplier benefits for country’s economic growth

Sun, Sep 18, 2022

DFS secretary Sanjay Malhotra said in the last decade industries' share in the overall credit by banks has decreased by 16 percentage points to 26 per cent, and the same needs to increase.

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