August 22, 2014 3:59 AM ET

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Company Overview of National Bank for Agriculture and Rural Development

Company Overview

National Bank for Agriculture and Rural Development, a financial institution, offers agricultural credit and refinance solutions. The company offers short and medium term refinance to its client institutions, such as co-operative banks and regional rural banks for various types of production, marketing, and procurement activities in the agricultural sector; long term loans in the form of investment credit to create income generating assets in various sectors, including agriculture and allied activities, artisans, small scale industries, non-farm sector (small and micro enterprises), handicrafts, handlooms, powerlooms, and activities of voluntary agencies and self help groups working among th...

Plot No C-24, G-Block

Bandra-Kurla Complex

Bandra (East)

P.B.No 8121

Mumbai,  400051

India

Founded in 1982

Phone:

91 22 2653 9895

Fax:

91 22 2653 9782

Key Executives for National Bank for Agriculture and Rural Development

Chairman and Managing Director
Age: 53
General Manager of Finance Department
Chief General Manager of West Bengal Regional Office
Chief Vigilance Officer and Chief General Manager of State Projects Department
Chief General Manager of the Department of Refinance
Compensation as of Fiscal Year 2014.

National Bank for Agriculture and Rural Development Key Developments

National Bank for Agriculture and Rural Development Announces Audited Standalone Earnings Results for the Year Ended March 31, 2014

National Bank for Agriculture and Rural Development announced audited standalone earnings results for the year ended March 31, 2014. For the year, the company reported income on investments of INR 14,970.5 million against INR 21,596.8 million a year ago. Total income was INR 128,834.2 million against INR 154,423.3 million a year ago. Profit from ordinary activities before tax was INR 26,371.7 million against INR 27,880.0 million a year ago. Net profit for the period was INR 18,080.7 million against INR 18,602.5 million a year ago. Return on Assets was 0.82% against 0.94% a year ago. Interest earned was INR 152,507.3 million against INR 127,012.0 million a year ago.

National Bank for Agriculture and Rural Development, Board Meeting, May 27, 2014

National Bank for Agriculture and Rural Development, Board Meeting, May 27, 2014. Agenda: To approve the audited standalone earnings results for the year ended March 31, 2014.

Larsen & Toubro Reportedly Mulls To Acquire Stake In NCDEX

Larsen & Toubro Infotech Limited is seeking to acquire stake in National Commodity And Derivatives Exchange Limited (NCDEX), two sources familiar with the development said. "L&T Infotech is examining documents relating to the performance of NCDEX. The exchange is valued at around INR 10 billion based on recent exits and under the current norms, L&T Infotech can pick up a maximum of 10% stake. A stake buy would boost the crucial BFSI ( banking, financial services and insurance) vertical of L&T Infotech, but these are early stages and it may or may not fructify in a deal", said one of the two sources mentioned above. In NCDEX, the maximum investor stake of 12.5% is held by Shree Renuka Sugars Limited (BSE:532670). Other shareholders include Canara Bank Limited (BSE:532483), CRISIL Limited (BSE:500092), IntercontinentalExchange Group, Inc. (NYSE:ICE), Punjab National Bank (BSE:532461), Life Insurance Corporation of India, Indian Farmers Fertiliser Cooperative Limited, National Bank for Agriculture and Rural Development and Goldman Sachs Investments Holdings (Asia) Limited." If talks reach an advanced stage, one could potentially see stake dilution or multiple exits by the shareholders," said a person close to the transaction. an L&T spokesperson said, "As a large business organization, portfolio review is a continuous process at L&T. We always examine new business opportunities and facilities. However, we comment on such developments only after a decision is arrived at, and do so in compliance with the regulations governing dissemination of such information." When contacted, an NCDEX spokesperson said, "The exchange does not have any information in this regard," Economic Times reported.

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