Key Points
Infra lender National Bank for Financing Infrastructure and Development (NaBFID) has said that lack of data on the sector is making it difficult for them to convince the regulator about the need for higher provisioning for project loans in the sector...
"For retail, there is credit bureau but similar thing in infra is not available But for the credit bureaus, where would have been the fintechs" said NABFID MD and CEO Rajkiran Rai ." Nabfid is a new organistion and when we were looking at pricing, we were looking for numbers (on losses)..
Whatever is available is lopsided data, is not correct data"..
Such data is not available for the infrastructure sector" said NABFID MD and CEO Rajkiran Rai indicating that the sector does not have end to end data like retail or MSMEs ...
NaBFID is in the process of setting up an infrastructure repository that would strengthen the database through use of analytics and give an end to end data on infrastructure projects that will help all stakeholders including the regulators and lenders, according to Rai. " NABFID will be sourcing data from banks, infrastructure companies and from other government entities such as National Highways Authority of India (NHAI) and get all the data under one entity" Rai said at the sidelines of a conference ...
