DFS Sees IIFCL’s Book Size Growth By Rs 1L Cr In 3 Yrs

New Delhi: Financial Services Secretary M Nagaraju on Monday said state-owned infra financier IIFCL has the potential to grow its book size by Rs1 lakh crore in the next three years, given its performance in the past four years.

So far, India Infrastructure Finance Company Ltd (IIFCL) has sanctioned loans worth Rs2.8 lakh crore and disbursement to the tune of Rs1.4 lakh crore, of which 50 per cent has happened in the last 4-5 years, Nagaraju said while speaking at the 20th foundation day of the institution.

“Next three years you (IIFCL) should lend Rs 1 lakh crore...to fulfill the Vikshit Bharat aspiration. You have the capacity, experience and resilience to undertake very complex products and finance the infrastructure in the country,” he said.