The National Bank for Financing Infrastructure and Development (NaBFID), India’s youngest development finance institution, is preparing to borrow $1 billion from international markets in FY26. This marks a significant milestone in its journey as it seeks to diversify funding sources and strengthen its role in financing large-scale infrastructure projects. The move comes at a time when India’s infrastructure push—ranging from roads and ports to clean energy and digital connectivity—requires long-term, cost-efficient capital.