Nabard

Proceeds of the issue will be deployed for climate change-related financing activities.

RBI may launch ULI platform within a month, says NABARD’s Goverdhan Rawat

Rawat also said that 'Agri-SURE' fund, a Rs 750-crore agri fund for startups and rural enterprises, which was announced in July, will be launched on September 3.

NABARD arm launches Rs 750-cr agri fund to finance startups, rural enterprises

The fund called 'Agri-SURE' is announced by NABVENTURES, a subsidiary of NABARD, with an initial corpus of Rs 750 crore with Rs 250 crore each from NABARD and the Ministry of Agriculture, and Rs 250 crore from other institutions.

Exclusive: Union Budget may increase agri-credit target up to Rs 25 lakh crore for 2024-25

Farm loan target depends on the Potential Credit Linked Plan carried out by the National Bank for Agriculture and Rural Development at the block level, which is assessed depending on the potential to absorb the credit.

Nabard to raise up to Rs 5,000 crore from bonds on June 13

The bonds have a base issue of Rs 2,000 crore and greenshoe option of Rs 3,000 crore.

A healthier rural economy for Modi 3.0

A better monsoon, rural income picking up, and faster growth in private consumption could signal a recovery in the rural economy and augur well for the prospects of the new government, which will take charge in the coming days.

MC Exclusive: 25% of YES Bank’s investment in RIDF to mature in FY25: Prashant Kumar, CEO

The bank has around 11 percent of its funds placed in the RIDF, which works out to be around Rs 44,000 crore, Kumar added.

RBI imposes Rs 10-lakh monetary penalty on NABFINS citing non-compliance

During inspection, the RBI found that the charge pertaining to adoption of restrictive practice of forcing its customers to go in only for a particular insurance company in respect of assets financed by it was sustained, warranting imposition of monetary penalty, the RBI said

NABARD projects Rs 2,43,093 crore credit potential for Bihar in 2024-25

The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development.

NABARD to float bonds worth Rs 7,000 crore on January 31

The bonds have been rated 'AAA' with a 'Stable' outlook by India Ratings and CRISIL

Bank of Baroda raises Rs 2,500 cr from 10-year Basel-III bonds at 7.75% coupon

Similarly, Indian Renewable Energy Development Agency (IREDA) raised Rs 1,000 crore through 10-year bonds at 7.65 percent coupon.

Bank of Baroda, NABARD, IREDA to float Rs 14,500-cr bonds on Dec 20

Market sources also said that on December 21, National Bank for Financing Infrastructure and Development (NaBFID) will also issue bonds worth Rs 10,000 crore.

Govt appoints DMDs for Nabard, Sidbi

The Department of Financial Services (DFS) in separate notifications said, the central government has appointed Goverdhan Singh Rawat and Ajay Kumar Sood as DMDs of Nabard. These officers are serving as Chief General Managers at Nabard.

NABARD raises Rs 1,040.50 cr via 5-year social bonds at 7.63% coupon

NABARD has planned to raise Rs 3,000 crore, which had a base issue size of Rs 1,000 crore with an option to retain oversubscription up to Rs 2000 crore

NABARD, REC to float bonds worth Rs 5,000 crore next week

NABARD is looking to raise Rs 3,000 crore, while REC will issue bonds worth Rs 2,000 crore, sources have said

Nabard’s Rs 3,000-5,000 crore green bond issue likely by March 2024: Chairman Shaji KV

Demand for green bonds in the domestic market has been low in the last two years due to the small investor base for this product.

NABARD estimates credit potential of Rs 34,082 cr under priority sector for J&K

The focus paper was launched in the credit seminar of NABARD, which was inaugurated by Additional Chief Secretary, agriculture production department, Atal Dulloo in presence of Regional Director, RBI, Kamal P Patnaik.

Tiger Global-backed Ninjacart sets up advisory board, ropes in former agriculture and IT secretaries, others

Other members of the newly formed board are Prakash Bakshi, former chairman of National Bank For Agriculture And Rural Development (NABARD), and Anand Sinha, retired deputy governor of the Reserve Bank of India

FSIB recommends Mohammad Mustafa as NABARD Chairman

The final decision on the recommendation of FSIB would be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi

As yields soar, NABARD scraps Rs 5,000-crore bond issue, HDFC gets tepid response

Bond issuances are likely to stay subdued at least till the June 8 monetary policy for bond yield spreads to adjust and as clarity on interest rates emerges, a majority of money market participants have said

NABARD projects Assam's credit potential at Rs 36,292 crore for FY23

Around 52 per cent of the total projected credit potential is estimated for the agriculture and allied activities, and a 36 per cent share for the MSME sector, according to a report – State Focus Paper for 2022-23- released by the rural development bank recently.

ESAF join hands with NABARD for local economic development in Kerala

Initially, this project will benefit 300 panchayats across Kerala, the Bank said, adding that it was aimed at bringing financial empowerment and economic independence at the local level.

Farmer producer organisations are coming in a big way in India: Nabard chairman G R Chintala

Speaking at a webinar organised by BCCI, Chintala said that FPOs is the new paradigm in Indian farming. There are nearly 10,000 FPOs in the country today out of which 5000 have been promoted by Nabard.

Cooperatives to play key role in making India a $5-trillion economy, says Amit Shah

A new policy for cooperatives and legislative changes will be made to expand multi-state cooperatives and expand the footprint of primary agricultural credit societies, Shah has said

RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks

The scheme of amalgamation has to be approved by the requisite majority of shareholders.