Bankers seek fillip in long-term infra funds

Leading bankers have urged the government to create suitable conditions so that sectors like insurance and pension & provident fund can contribute sufficient long-term funds for financing infrastructure sector. Speaking at Ficci s National Executive Committee meeting here in Mumbai on Wednesday, Shikha Sharma, managing director & CEO, Axis Bank, said, There is a need to open up sectors like insurance, pension and provident fund for facilitating long-term funding into infrastructure projects as the ability of banking system to provide adequate finance to such projects is limited. Lending rates in the industry will go up in line with the pick up ...

More...