SBI, NIIF in pact for funding infrastructure projects

The State Bank of India has signed a memorandum of understanding with National Investment and Infrastructure Fund to boost availability of capital for infrastructure projects. The scope of the agreement includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets.

Static/Current Takeaways Important For ESIC:

  • SBI Chairperson: Rajnish Kumar, Headquarters: Mumbai, Founded: 1 July 1955.
  • MD & CEO of National Investment and Infrastructure Fund: Sujoy Bose.

Source: The Hindu

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