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The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned 232 projects worth INR 2,30,626 crore, including 162 long-tenure loans totaling INR 1,74,872 crore, the Finance Ministry told Parliament. Established in 2021, NaBFID combines developmental and financial roles, coordinating with governments, regulators, and investors to strengthen long-term infrastructure financing. The Centre has infused INR 20,000 crore equity and INR 5,000 crore as grant support. Meanwhile, cyber incidents in scheduled commercial banks rose sharply in 2024, with 82 cases causing losses of INR 114.77 crore. On housing, the SWAMIH Fund has backed 127 projects, completing over 52,000 units to revive stalled developments.
The National Bank for Financing Infrastructure and Development (NaBFID) has cleared 232 infrastructure projects with sanctioned loans amounting to INR 2,30,626 crore, the Ministry of Finance informed Parliament during the past week. Out of these, 162 projects with loans totalling INR 1,74,872 crore were sanctioned with a tenure of over fifteen years, according to the Minister of State for Finance, Pankaj Chaudhary, in a written reply. Advertisement
Established in 2021, NaBFID was created with both developmental and financial objectives. The minister explained that the developmental role of the institution is to coordinate with central and state governments, regulators, financial institutions, institutional investors and other stakeholders within India and abroad. This coordination aims to build and enhance systems that can support the growth of long-term non-recourse infrastructure financing, including domestic bond and derivatives markets.
On its financial objectives, the minister clarified that the institution is mandated to lend or invest directly or indirectly, while also seeking to draw investments from private sector and institutional players. The focus is on infrastructure projects located either entirely in India or partly in India and overseas, with the broader goal of fostering sustainable economic development.
To strengthen its operations, the Government of India has infused INR 20,000 crore in equity and INR 5,000 crore as a grant.
In response to a separate question, Chaudhary reported that cyber incidents faced by scheduled commercial banks and their financial impact had risen significantly. He noted that during 2024, a total of 82 such incidents were reported to the Reserve Bank of India, carrying a financial impact of INR 114.77 crore. This compared with 66 incidents involving INR 4.2 crore in 2023, and 98 incidents with a financial impact of INR 5.8 crore in the preceding year.
On the subject of affordable housing, the minister stated that the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I had approved and funded 127 projects up to the end of March 2025. The fund sanctioned INR 12,842.4 crore, of which INR 8,557.3 crore had already been disbursed. Out of these projects, 52,467 housing units were completed across 103 developments, having either received or applied for occupation certificates.
The report also highlighted how the SWAMIH Investment Fund I is addressing stalled housing projects, with thousands of units completed and handed over. At the same time, the significant rise in cyber incidents reported by banks has raised concerns about digital security, marking another area requiring regulatory and institutional focus.
Source - PTI
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