September 30, 2016 12:46 PM ET

Banks

Company Overview of National Bank for Agriculture and Rural Development

Company Overview

National Bank for Agriculture and Rural Development provides institutional credit for agriculture and rural development in India. The company offers short and medium term loans for seasonal agricultural operations, regional rural banks, PSBs, and CCBs; and relief to farmers whose crops are damaged due to natural calamities by way of conversion of current short term agricultural loans into medium term loans and rephasement/reschedulement of existing MT (conversion) loans. It also provides long term loans for agriculture and allied activities; artisans, small scale industries, non-farm sector (small and micro enterprises), handicrafts, handlooms, powerlooms, etc.; and activities of voluntary a...

Plot No C-24, G-Block

Bandra-Kurla Complex

Bandra (East)

P.B.No 8121

Mumbai,  400051

India

Founded in 1982

Phone:

91 22 2653 9895

Fax:

91 22 2653 9782

Key Executives for National Bank for Agriculture and Rural Development

Chairman, Managing Director, Member of Executive Committee, Member of Sanctioning Committee and Member of Risk Management Committee
Age: 55
Chief General Manager of Finance
Chief General Manager of Information Technology Department
Chief Vigilance Officer and Chief General Manager of State Projects Department
Chief General Manager of the Department of Refinance
Compensation as of Fiscal Year 2016.

National Bank for Agriculture and Rural Development Key Developments

National Bank for Agriculture and Rural Development Announces Standalone Audited Earnings Results for the Year Ended March 31, 2016

National Bank for Agriculture and Rural Development announced standalone audited earnings results for the year ended March 31, 2016. For the year, the company reported interest earned of INR 205,238.5 million against INR 174,852.7 million a year ago. Total income was INR 207,301.2 million against INR 178,044.6 million a year ago. Profit from ordinary activities before tax was INR 36,527.5 million against INR 34,214.6 million a year ago. Net profit for the period was INR 25,238.1 million against INR 24,032.6 million a year ago. Return on Assets was 0.85% against 0.93% a year ago.

National Bank for Agriculture and Rural Development Plans to Raise INR 15 Billion Through Private Placement

The National Bank for Agriculture and Rural Development planning to raise up to INR 15 billion through tax-free bonds via the private placement route. This would be the first tax-free bond issue by the company in this fiscal year as the company was not in the original list of firms which were permitted to issue this instrument for fiscal year 2016. The company is offering bonds having tenures of 10 and 15 years at coupon rates of 7.07% and 7.39% respectively.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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