In a fresh push to support development, Indian Bank and National Bank for Financing Infrastructure and Development are planning to raise a combined ₹8,000 crore through bond issuances by March 2026.
The funds will be used to finance infrastructure projects and strengthen long-term development efforts.
Indian Bank is targeting ₹5,000 crore through 7-year or 10-year infrastructure bonds. This will be its first bond issue in 1.5 years. Meanwhile, NaBFID plans to raise funds through 10-year bonds.
Recently, NaBFID raised over ₹2,500 crore via 10-year bonds at a 7.45% rate. However, it had to withdraw another bond offer due to higher-than-expected yields driven by global tensions.
NaBFID continues to focus on long-term infrastructure financing under the Viksit Bharat plan. The institution is targeting ₹3 lakh crore in sanctions, although no timeline has been specified.
The move highlights a broader trend of strong investor interest in infrastructure bonds. Despite high interest rates, institutional investors are actively participating in such issuances.
Bank of Baroda recently raised ₹10,000 crore through bonds. Similarly, Union Bank of India was set to raise ₹7,500 crore, indicating steady demand in the market.
This planned fundraising by Indian Bank and NaBFID reflects continued momentum in infrastructure financing and investor confidence in long-term growth opportunities.
Also read: Viksit Workforce for a Viksit Bharat
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