ADB to participate in infrastructure debt fund (IDF)

Asian Development Bank (ADB) has shown keen interest to participate in infrastructure debt fund (IDF) floated by banks through the NBFC route. The Bank is in talks with several banks, have not decided anything as yet.

The current regulatory framework allows IDFs to be floated either through the Non Banking Finance Company (NBFC) route or through the mutual fund route.

ADB is clear that it will not participate in the IDF proposed by India Infrastructure Finance Company Ltd (IIFCL) as the latter is looking to set it up through the mutual fund route.