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Informist, Thursday, Sept. 18, 2025

 

--Nagaraju: India's external sector position remains comfortable 

--CONTEXT: Banking Secy M Nagaraju's comments at an event in Mumbai 

--Nagaraju: Indian banking sector in its best ever shape 
--Banking Secy: Need to build deep specialisation in priority sectors 

--Banking Secy: Need new instruments of scale to ease pressure on banks 

--Banking Secy: NaBFID should co-lend with all infra finance bodies in India 

 

MUMBAI – With the government doing the heavy lifting from infrastructure spending to policy reform, this is the opportune moment for the financial sector and corporates enjoying the strongest balance sheets to collaborate and work together and nurture a fresh cycle of investment that stands vital for the economy's progress at this stage, M. Nagaraju, secretary, Department of Financial Services, Ministry of Finance, said at an event here. 

 

"We continue to introduce next-generation reforms, like the government did in the recent GST reforms, and undertake timely fiscal and monetary measures to stimulate investment demand," Nagaraju said. 

 

The National Bank for Financing Infrastructure and Development has to be the leader in infrastructure financing and development in the country as we go forward, Nagaraju said. The financier should coordinate and co-lead with all the infrastructure development financing institutions in the country. "We have given the responsibility to NaBFID," Nagaraju said. 

 

NaBFID should build deep specialisation priority sectors, urban and rural, Nagaraju said. "In fact, for 2047 (aim of developed country by 2047), the requirement of infrastructure capital, urban sector development is the one which actually requires the highest capital," he said. 

 

India's external sector position remains comfortable despite the global economic turbulence, Nagaraju said. Nagaraju also said, "With the share of net non-performing loans below 1%, capital adequacy comfortably well above regulatory requirements and credits concentration gradually trending downwards, the banking sector today stands in its best shape, making it best prepared to navigate the adversities."  End

 

Reported by Kabir Sharma

Edited by Deepshikha Bhardwaj

 

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