Nabard News

The ₹53.93 crore facility would be set up in northern Malappuram districtMilk procurement, through co-operatives, has set an all-time record in the state and the excess milk has to be powdered and stored

Nabard signed a pact with Vivriti Capital and Ujjivan Small Finance Bank earlier this month to roll out the initiativeThe pooled loan issuance structure provides the lending bank adequate comfort through Nabard's partial credit protection

The liquidity facility to both the National Bank for Agriculture and Rural Development (Nabard) and the National Housing Bank (NHB) will be offered at the policy repo rate, RBI Governor Shaktikanta Das said

Jai Kisan plans to invest the capital to hire across roles in operations and process management, as well as invest in its technology platform, as it looks to provide newer financial services offerings.

The appointments committee of the union cabinet also cleared the appointment of Shaji KV as deputy managing director at NABARD for five yearsThe committee also cleared the appointment of NABARD chief general manager P.V.S. Suryakumar as deputy managing director

Nabard has been extending financial support to the banks operating in rural areas to help them deploy their resources effectivelySo far in the current fiscal, Nabard has extended ₹66,397 crore in short-term credit and ₹6,704 crore long-term credit to rural cooperative banks

Farm mechanization, use of suitable farm inputs and guidance, access to warehousing and markets, credit facilities and remunerative prices for farmers are yet a distant dream

Nabard raises funds through long term bonds, usually of 10-15 years tenuresThe Nabard raises funds through long term bonds, usually of 10-15 years tenures

MFs’ stakes in commercial paper fell 13.69% from ₹4.31 tn in May to ₹3.72 tn in JuneMutual funds have significantly reduced their exposure to CPs in the aftermath of the IL&FS crisis

Nabard weighs risk-based supervision of rural, cooperative banksThe portal will include details about banks’ assets, bad loans and interest rates