NEW DELHI — A proposed merger of three major Indian infrastructure financing institutions — National Bank for Financing Infrastructure Development (NaBFID), India Infrastructure Finance Company Limited (IIFCL), and National Investment and Infrastructure Fund (NIIF) — remains stalled due to inter-departmental resistance, despite the three entities having overlapping mandates and shared government backing. The consolidation plan, aimed at addressing growing capital requirements, faces institutional reluctance that has prevented progress on the proposal.
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