Nabfid and Nabard Eye First Overseas Debt Raise by FY26
Why in the news
Two development finance institutions, Nabfid and Nabard, planned their first fundraising in overseas debt markets, targeted for FY26.
Key facts
- Nabfid: National Bank for Financing Infrastructure and Development.
- Nabard: National Bank for Agriculture and Rural Development.
- Plan: borrow from international debt markets for the first time.
- Deadline: by FY26.
- Reason: broaden funding sources and meet long-term financing requirements.
Exam angle
- Expansions of the two names are frequently tested.
- Instrument type: debt, not equity.
- Timeline: FY26, a first for both institutions.
- Link to remember: diversification of funding.