Nabard plans Rs 300 billion bond raise in FY25: CRISIL

12 Jun 2024 CW Team

Nabard is reportedly planning to raise up to Rs 300 billion through bonds in the current financial year (FY25) to support lending operations, as indicated by rating agency CRISIL. CRISIL stated that the money raised through the market, encompassing bonds and money market instruments, accounted for approximately 51.5 per cent of Nabard's total borrowings by the end of March 2024.

According to CRISIL's analysis, the total borrowings of the government-owned development finance institution amounted to Rs 7.89 trillion as of March 2024. CRISIL has assigned a ?AAA? rating to the proposed bond offering, taking into account support from the government of India.

As per the balance sheet statement for FY24, outstanding bonds and debentures stood at Rs 2.86 trillion in March 2024, marking an increase from Rs 2.46 trillion a year earlier. Consequently, the net borrowings through debentures and bonds escalated by Rs 394.73 billion in FY24. The debt-to-equity ratio was reported to be 10.96 per cent, and the capital adequacy ratio stood at 16.5 per cent by the end of March 2024.

CRISIL highlighted that the Union government?s fiscal management policies and financial reforms over the past few years have led to an escalation in the institution?s dependence on market borrowings, resulting in a higher cost of borrowings.

Commercial banks' deposits represent another source of funds for the DFI. According to CRISIL, the amount banks are required to deposit with Nabard is linked to the extent of the shortfall in meeting priority sector lending targets. Rural Infrastructure Development Fund deposits accounted for close to 23.7 per cent of total borrowings at the end of March 2024.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..