The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 and is headquartered in Mumbai, India. This development bank aims to support rural development activities and promote sustainable rural infrastructure through financial assistance and development initiatives. NABARD offers various products and services, including agricultural finance, rural project development, and credit support for rural banks.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NABARD began issuing bonds in 1997 to raise funds for agricultural and rural development projects. Notably, in recent years, NABARD has made significant issuances, including a ?10,000 crore bond in 2022, which was well-received by investors, indicating strong demand. Currently, NABARD's bonds offer competitive yields compared to industry benchmarks, and they are typically backed by the government, providing a degree of safety for retail investors. The bank's bond features include tax exemptions under Section 80L and the potential for capital gains, making them attractive for long-term investment.