India revives NaBFID‑IIFCL merger to build Rs 1.85 trn infrastructure finance giant
The government is reviving a stalled plan to merge NaBFID with IIFCL, creating a single lender with a near‑Rs 1.85 trn loan book. The move, inspired by the REC‑PFC merger, aims to boost balance‑sheet strength and marshal long‑term domestic and overseas capital for major infrastructure projects.