The comeback path for DFIs is strewn with strategic challenges4 min read 12 Jan 2021, 09:53 PM IST
The idea of development finance institutions is being revisited but they’ll have new realities to face
Are development finance institutions (DFIs) about to make a comeback in the Indian financial landscape? The first hint was offered by finance minister Nirmala Sitharaman in her July 2019 budget speech. She spoke about the need for a specialist DFI to channel funds to the ₹1 trillion of infrastructure projects planned over the next five years. Not much happened after that. Then K.V. Kamath, who led the successful transition of the erstwhile ICICI from a development bank to a universal one, said in an interview to Bloomberg Quint in early December that India may need to consider a new DFI.
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