NaBFID Gets 0.1% Concessional Government Guarantee Fee
Why in the news
A 0.1% guarantee fee now applies to government-backed overseas borrowing by NaBFID, cutting its cost of infrastructure funding.
Key facts
- Applies to loans from multilateral development banks, sovereign wealth funds and other notified foreign institutions.
- Ratings: Moody’s Baa3, Fitch BBB-, both stable and level with India’s sovereign rating.
About NaBFID
- Created in 2021 by an Act of Parliament; a specialised DFI.
- Aims to bridge long-term infrastructure funding gaps.
Exam angle
- Fee: 0.1%; set up 2021.