"We will review the rates on the bonds and approach the government to allow revision of rates as in the current market situation we think the response to our bonds will be poor," Nabard Chairman U C Sarangi said on the sidelines of banking conclave organised by Ficci.
Nabard has the Bhagya Nirman Bond with a 10 year maturity period and rural bonds offering 8.25 per cent per annum to general investors and 8.75 per cent to senior citizen.
Meanwhile, Nabard said it is targeting to disburse Rs 31,000 crore to 32,000 crore during the current fiscal as refinance loan, against Rs 24,000 crore in the previous year.
Nabard would raise resources as and when required. It has Rs 5,000 crore from RBI and an equal amount would be generated from internal resources.
"We also have a fund of Rs 7,000 crore for liquidity finance to cooperative banks arising out of losses from bad loans," Sarangi said.
He said Nabard would collect data and review the impact of the loan waiver scheme on the balance sheets of cooperative banks and take appropriate action in offering liquidity finance.
Sarangi said Nabard continued to charge 3.5 per cent for refinance scheme and nine per cent for liquidity finance.
