Rural Infrastructure Development Fund
The state government of Tamil Nadu has been granted a loan worth Rs. 54 crore for the building of a 50,000 metric tonne silo at Sirkazhiin the district of Nagapattinam. The loan will be offered by the National Bank for Agriculture and Rural Development (NABARD). The financial assistance worth Rs. 54 crore will be covering [...] Continue Reading »
The new NDA governments promise of rural infrastructure and affordable housing seems to move on a positive trend after the Union Budget 2014-15. The latest move in this regard is the sanctioning of Rs 1,023.73 crore for Orissa, by the National Bank for Agriculture and Rural Development (Nabard). Nabard has made this from its rural [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
