IIFCL Aims To Double Lending to Rs 1 Tn in Three Years: Jaishankar
ECONOMY & POLICY

IIFCL Aims To Double Lending to Rs 1 Tn in Three Years: Jaishankar

PR Jaishankar, Managing Director of India Infrastructure Finance Company Limited (IIFCL), has set an ambitious target to double the company's lending to Rs 1 trillion within the next three years.

Speaking on the company's performance, he remarked, "Our disbursement is all about 150 billion. So our balance sheet today stands with a total size of about 800 billion, with loan books around 700 billion. So we would like to look at how we first achieve one trillion during the next few months itself, and then go to double it within the next three years."

Jaishankar attributed the robust state of the infrastructure sector to the government's proactive reforms and financial initiatives."The infrastructure stands at this robust position only because of the government's major push, both as major financiers and the push for reforms, propelling reforms, all have been, you know, at the government's, you know, initiatives. So the current budget also, we have the same optimistic expectations," he said.

He added that the sector is entering a transformative phase."We are entering the new age of infrastructure, version 2.0 with focus on digitally driven infrastructure, with focus on sustainability resilience and more on commercial viability and better risk management systems, better monitoring systems and better due diligence," he noted.

Reflecting on improvements in the sector's financial health, Jaishankar praised the decline in non-performing assets (NPAs), which have drastically reduced.

"NPAs had, during 2011-2010, it used to be around 36 per cent for the banking sector, which has now come down substantially because of the government's initiative and push and so many reforms have been there," he said. Highlighting IIFCL's own achievements, he stated, "We have reduced our NPA to less than 0.5 per cent today. So our NPAs used to be around 20 per cent about four or five years ago; we are now less than 0.5 per cent."

Discussing project lending, he emphasised the safeguards in place to ensure transparency and efficiency. "Project lending always has been very, very safe, and it has been full of good governance structure, good risk management system, good accounting policy, above all, good due diligence process," he said.

He credited the system's improvement to consortium-based financing, where multiple banks and committees scrutinize projects. "Infrastructure as a whole, seems to be the safest sector today to lead," he concluded

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

PR Jaishankar, Managing Director of India Infrastructure Finance Company Limited (IIFCL), has set an ambitious target to double the company's lending to Rs 1 trillion within the next three years. Speaking on the company's performance, he remarked, Our disbursement is all about 150 billion. So our balance sheet today stands with a total size of about 800 billion, with loan books around 700 billion. So we would like to look at how we first achieve one trillion during the next few months itself, and then go to double it within the next three years. Jaishankar attributed the robust state of the infrastructure sector to the government's proactive reforms and financial initiatives.The infrastructure stands at this robust position only because of the government's major push, both as major financiers and the push for reforms, propelling reforms, all have been, you know, at the government's, you know, initiatives. So the current budget also, we have the same optimistic expectations, he said. He added that the sector is entering a transformative phase.We are entering the new age of infrastructure, version 2.0 with focus on digitally driven infrastructure, with focus on sustainability resilience and more on commercial viability and better risk management systems, better monitoring systems and better due diligence, he noted. Reflecting on improvements in the sector's financial health, Jaishankar praised the decline in non-performing assets (NPAs), which have drastically reduced. NPAs had, during 2011-2010, it used to be around 36 per cent for the banking sector, which has now come down substantially because of the government's initiative and push and so many reforms have been there, he said. Highlighting IIFCL's own achievements, he stated, We have reduced our NPA to less than 0.5 per cent today. So our NPAs used to be around 20 per cent about four or five years ago; we are now less than 0.5 per cent. Discussing project lending, he emphasised the safeguards in place to ensure transparency and efficiency. Project lending always has been very, very safe, and it has been full of good governance structure, good risk management system, good accounting policy, above all, good due diligence process, he said. He credited the system's improvement to consortium-based financing, where multiple banks and committees scrutinize projects. Infrastructure as a whole, seems to be the safest sector today to lead, he concluded

Next Story
Real Estate

Ajmera Realty collections climb 10% YoY in Q3 FY25

..

Next Story
Infrastructure Urban

Ecom Express Appoints Kammal Daas as VP of Operations, Last Mile

Ecom Express Limited has reportedly appointed Kammal Daas as Vice President of Operations, Last Mile. Kammal will play an important role in strengthening the company’s operational capabilities and driving efficiency across its last-mile delivery process.Kammal brings over 18 years of rich experience in operations, logistics, and supply chain management. Most recently, he served as Vice President of Operations at Licious, where he led mid-mile delivery operations and managed procurement logistics. His career highlights also include leadership positions at Flipkart and Walmart India, where he ..

Next Story
Real Estate

MHADA Eases Financial Burden: Maintenance Fees Post-Possession Only

In a landmark policy reform, the Maharashtra Housing and Area Development Authority (MHADA) has announced that maintenance charges and property taxes for scattered housing units and plots will now only be applicable from the date of possession. This move, led by IAS officer Sanjeev Jaiswal, Vice President and CEO of MHADA, is a significant relief for beneficiaries of its housing schemes.Previously, beneficiaries were required to pay these charges from the date of allotment, even if possession was delayed. This often placed an unfair financial burden on individuals while properties remained und..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000