In a very interesting development that is taking place in infrastructure financing, India Infrastructure Financing Company (IIFCL) along with ADB and a few other partners have successfully issued India's first credit enhanced bond. In an interview to CNBC-TV18, SB Nayar, CMD at IIFCL & Sumant Sinha of Renew Power Ventures spoke about the same.
Speaking to CNBC-TV18, MD & CEO SB Nayar says: "If and when they (corporates) apply for restructuring, I would like to be a part of that and also get the same advantage which the banks get."
Non banking finance major IFCI is positive on bringing down its gross NPAs to around 20 percent by March 2014. Its CEO and MD, SB Nayar says that asset quality is likely to improve going forward.