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Nabard To Raise Rs 55,000 Crore From Market In FY20

Nabard said it plans to raise about Rs 55,000 crore from the market in the current fiscal to fund its business growth and also support various agricultural and rural development schemes of the government.

"The borrowing from the market will be similar to last financial year. We intend to raise about Rs 55,000 crore through the public platform from the domestic market in 2019-20," Nabard chairman Harsh Kumar Bhanwala said here.

National Bank for Agriculture and Rural Development (Nabard) has already raised Rs 12,000 crore from the market in the first quarter of the current financial year, he said. Source: PTI

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Nabard To Raise Rs 55,000 Crore From Market In FY20

Nabard said it plans to raise about Rs 55,000 crore from the market in the current fiscal to fund its business growth and also support various agricultural and rural development schemes of the government.

“The borrowing from the market will be similar to last financial year. We intend to raise about Rs 55,000 crore through the public platform from the domestic market in 2019-20,” Nabard chairman Harsh Kumar Bhanwala said here.

National Bank for Agriculture and Rural Development (Nabard) has already raised Rs 12,000 crore from the market in the first quarter of the current financial year, he said. Source: PTI