Pandemic failed to dent bank funding to infrastructure sector: HDFC
The Union Budget 2022-23 has duly recognised the infrastructure sector as the driver of economic growth by earmarking nearly Rs 10 lakh crore for the sector. But that alone may not suffice. Under several models of infrastructure creation, including Hybrid Annuity Model (HAM), financial institutions play a crucial role by chipping in to fill the funding gap. In an interaction with ET Infra , Rajinder Babbar, Business Head - Transportation, Infrastructure & Tractor Finance, HDFC Bank , elaborates on the segments of infrastructure sector where his bank extends financial support, the extent of such financing and, of course, the age-old issue of loans turning NPAs that financial institutions have to live with. Excerpts: Congratulations on your new assignment. As the head of important verticals like infrastructure and commercial vehicles, what would be your strategy to push the infra lending business forward? Thank You. Infrastructure and commercial vehicles are pillars of any...