NaBFID Sanctions More Than Rs 3,000 Crore Each for at Least Four Indian AI Data Centers

India's state-backed National Bank for Financing Infrastructure and Development has sanctioned loans of more than Rs 3,000 crore, about $313 million, each to at least four data centres, marking a new wave of long-tenor financing for the country's AI and cloud infrastructure buildout. The approvals put a government-created infrastructure lender behind facilities intended to serve hyperscalers and large cloud-service providers as compute demand rises.