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The NBFC platform, which commenced operations in 2016, has loans of ₹23,000 crore on its books, mentioned a senior government.
The NIIF debt platform consists of NIIF Infrastructure Finance (NBFC-IDF) and Aseem Infrastructure Finance (NBFC-IFC) and collectively they’ve now reached a mortgage e book of about Rs 23,000 crore, mentioned Prakash Rao, government director and chief funding officer – oblique investments, NIIF.
Previously three years, the mortgage e book of NIIF Infrastructure Finance has grown from ₹4,000 crore to ₹16,000 crore. It has been rising at a CAGR of about 45-50% and all of them with no dangerous loans.
Each NIIF Infrastructure Finance and Aseem haven’t any non-performing property, added Rao.
The regulatory framework for infra debt funds (IDFs) necessitates lending solely to infrastructure tasks with not less than one 12 months of passable business operations.
Aseem Infrastructure Finance obtained a world investor in lower than one and a half years of it being arrange and “we’re roping in one other one or two worldwide traders within the close to future”, mentioned Rao, including that the discussions have been ongoing.
