National Bank Agriculture Rural Development

National Bank Agriculture Rural Development

Development bank established to enhance institutional credit and support rural economic growth, contributing significantly to agriculture financing in India.

Financial ServicesFounded 19821001-5000 employeesPrivateMumbai

About National Bank Agriculture Rural Development

Development bank established to enhance institutional credit and support rural economic growth, contributing significantly to agriculture financing in India.

The importance of institutional credit in boosting the rural economy has been clear to the Government of India right from its early stages of planning. Therefore, the Reserve Bank of India (RBI) at the insistence of the Government of India, constituted a Committee to Review the Arrangements For Institutional Credit for Agriculture and Rural Development (CRAFICARD) to look into these very critical aspects. The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, a former member of the Planning Commission, Government of India. The Committee’s interim report, submitted on 28 November 1979, outlined the need for a new organizational device for providing undivided attention, forceful direction, and pointed focus to credit-related issues linked with rural development. Its recommendation was the formation of a unique development financial institution which would address these aspirations and formation of National Bank for Agriculture and Rural Development (NABARD) was approved by the Parliament through Act 61 of 1981. NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid-up capital stood at Rs.14,080 crore as of 31 March 2020. Consequent to the revision in the composition of share capital between the Government of India and RBI, NABARD today is fully owned by the Government of India.

A little more about National Bank Agriculture Rural Development

Headquarters
Mumbai, India
Ownership
Private
Largest Office
Mumbai (36 offices)

Awards & Recognition

Fortune India 500 (2019)Fortune India 500 (2020)Fortune India 500 (2021)Fortune India 500Fortune India 500 (2022)Fortune India 500 (2023)

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Frequently asked questions about National Bank Agriculture Rural Development

What does National Bank Agriculture Rural Development do?

National Bank Agriculture Rural Development is a leading company in the Financial Services sector. It provides innovative solutions to clients across multiple industries globally.

Where is National Bank Agriculture Rural Development headquartered?

National Bank Agriculture Rural Development is headquartered in Mumbai. The company operates across multiple locations in India and internationally.

How many employees does National Bank Agriculture Rural Development have?

National Bank Agriculture Rural Development employs 1001-5000 professionals worldwide. The company continues to grow and regularly hires across various functions and geographies.

When was National Bank Agriculture Rural Development founded?

National Bank Agriculture Rural Development was founded in 1982. Over the years it has grown into a globally recognised organisation in the Financial Services space.

Who is the CEO of National Bank Agriculture Rural Development?

The CEO of National Bank Agriculture Rural Development is . The leadership team is committed to driving innovation and employee growth.

Is National Bank Agriculture Rural Development a good place to work?

National Bank Agriculture Rural Development is widely regarded as a strong employer in the Financial Services sector. The company offers structured career paths, learning programmes, and a collaborative work environment.

What is the hiring process at National Bank Agriculture Rural Development?

The hiring process at National Bank Agriculture Rural Development typically includes an online application, aptitude or technical assessments, and multiple interview rounds. The process varies by role and experience level.

Does National Bank Agriculture Rural Development hire freshers?

Yes, National Bank Agriculture Rural Development actively recruits freshers through campus placement programmes and graduate hiring drives. Entry-level roles are available across technology, business, and operations functions.

What are the career growth opportunities at National Bank Agriculture Rural Development?

National Bank Agriculture Rural Development invests in employee development through structured learning platforms, mentorship programmes, and internal mobility. Employees can advance across technical, managerial, and leadership tracks.

What benefits does National Bank Agriculture Rural Development offer to employees?

National Bank Agriculture Rural Development offers a comprehensive benefits package that typically includes health insurance, paid leave, retirement benefits, and learning allowances. Specific benefits may vary by location and role level.