Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects. NHAI feels that often lenders are either misguided or spend more than what is required on infrastructure projects. NHAI said that it has held a meeting with the Indian Banks Association in this regard. NHAI opines that its needs to sit together before a bank decides to lend a certain amount of money to road developers.
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Home » NHAI to meet banks before lending
NHAI to meet banks before lending
Roads & Highways
October 1, 2013October 1, 2013
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