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Read more about Nabard, REC, TMF Holdings, L&T Finance raise Rs 6,900 cr in stable market on Business Standard. REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon of 7.4 per cent. ....
Amid the trend of hardening yields, Nabard, REC, TMF Holdings and L&T Finance will hit the bond market on Tuesday to raise about Rs 8,600 crore. National Bank for Agriculture and Rural Development (NABARD) is slated to tap the bond market with a maturity of three years and one day for a base amount of Rs 1,000 crore. It will come with an option of another Rs 2,000 crore. Part of the issuance is government-serviced bonds, bond dealers said. Rural Electrification Corporation (REC), a public sector undertaking (PSU), is looking to issue a 15-year paper with base amount of Rs 500 crore with option of raising another Rs 4,500 crore. ....
While on the study tour to Kerala, the management of Uttarakhand based Co-op Banks visited the Kerala State Cooperative Bank last week. The tour was sponsored by NABARD. The delegation was led by Uttarakhand State Cooperative Bank Chairman Dr Dan Singh Rawat. He invited the office bearers and others of Kerala State Cooperative Bank to visit the Uttarakhand co-ops. Rawat said our state is the first state where over 670 multipurpose cooperatives will be computerized by May 2021. ....
Centre gives nod to NABARD to raise funds for projects Centre gives nod to NABARD to raise funds for projects For Making Loan From NABARD Attractive For The States, It Was Decided That The Rate Of Interest May Be Kept At Around 6 Per Cent By Requisite Cost-free Funds To NABARD Every Year From 2016-17 To 2019-20, On Which The Interest Cost Would Be Borne By The Government Of India PTI | Updated on: 16 Aug 2017, 10:43:37 PM New Delhi: The Centre on Wednesday gave its nod to the National Bank for Agriculture and Rural Development(NABARD) to raise extra budgetary resources (EBR), up to Rs9,020 crore, through bonds during the current fiscal to fund ongoing irrigation projects under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). ....
Kotak Mahindra Bank appoints agricultural economist Ashok Gulati as additional director SECTIONS Last Updated: Mar 05, 2021, 07:26 PM IST Share Synopsis Gulati is an MA and PhD from Delhi School of Economics and is currently the Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations (ICRIER), the statement said. Gulati, a keen backer of the recent farm laws, has also been appointed by the Supreme Court to a four-member panel Private sector lender Kotak Mahindra Bank on Friday appointed agricultural economist Ashok Gulati as additional independent director on its board. The term of Gulati, a keen backer of the recent farm laws who has also been appointed by the Supreme Court to a four-member panel, is for five years starting from Saturday, an official statement from the bank said. ....