Nabard raises Rs 706 cr through bond issue

Nabard raises Rs 706 cr through bond issue

JAN 18: However, with no signs of interest hardening any further in the near future, Nabard has cut the coupon rate by 50 basis points to 9.25 per cent for the new investors. The issue was reopened on January 15, 2001, after a break of three days, on the revised rate of 9.25 per cent.

Nanda further stated that Kisan Credit Card scheme was getting a good response. Till December 31, 2000, 1,03,24,356 cards have been issued to farmers through banks. Out of this commercial banks have issued 27,91,640 cards, co-operative banks 69,47,025 and RRBs 5,85,691.