According to Icra's vice president and head (financial sector ratings) Manushree Saggar, the tepidness in infrastructure credit in first half of 2020-21 was primarily due to the sequential degrowth (10 per cent) in banking sector credit to the infrastructure segment

The industry body said that infrastructure financing should ideally be carried out by specialist players like Infrastructure Finance Companies

The new norms will help segregate the good NBFCs from the poor ones as any unrated exposure of banks towards NBFCs, which owes banks Rs 200 crore or more will now attract 150% risk weightage versus 100% earlier.

Since taking charge on December 12, Das has met banks, both public and private sector and also NBFCs and MSMEs

During a media interaction, the SBI chief said that most industrial units are working at 60 to 65 per cent of their capacity against the desired 80 to 85 per cent.

The past few years have been challenging for the power sector and Power Finance Corporation (PFC) does not want to stay dependant on it alone. The company's changing client profile is also an emerging challenge.

Srei Infrastructure Finance Chairman and Managing Director Hemant Kanoria says a good budget at this stage is one that can set in motion the domestic demand cycle.

Banks and Non-Banking Financial Companies will now will be able to sponsor Infrastructure Debt Funds, which can be set up either as Mutual Funds or NBFCs.