New Delhi, Aug. 12 -- The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise $3-4 billion through external commercial borrowings (ECBs), following a Reserve Bank of India (RBI) move to offer a concessional hedging window for overseas borrowing.

NaBFID had previously planned to raise $1-2 billion through the ECB route. The revised target follows the RBI's introduction of a concessional forex swap facility for ECBs raised by public sector undertakings and banks.

"We are looking at about $3-4 billion of ECBs, including both loans and bonds. There is a plan," managing director Rajkiran Rai G said on the sidelines of the #FIBAC 2026 conference in Mumbai on Wednesday.

Mint had reported on 25 March that NaBFID ...