NaBFID plans debut overseas fund raise of up to $1 billion, official says

National Bank for Financing Infrastructure and Development may raise funds overseas. The state-run lender considers borrowing up to $1 billion this fiscal year. This move aims to diversify funding sources. NaBFID has sanctioned loans worth over 2 trillion rupees till March. It targets loan sanctions of 1.2 trillion rupees by fiscal year-end.