Nabard to review fundings of Regional Rural Banks, co-op banks on April 20

To tap RBI refinance window for funding to RRBs etc

The National Bank for Agriculture and Rural Development (Nabard) will review the funding needs of regional rural banks (RRBs) and district co-operative banks on Monday as they get ready for operations under partial lockdown conditions.

Nabard is equipped with a balance sheet size of Rs 5.25 trillion. The repayments to RRBs and cooperatives are getting impacted by the moratorium. “We are assessing how much was due to them. The picture will become clear by the end of month,” Nabard Chairman Harsh K Bhanwala said. 

Nabard will tap