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About Us

Finance Department

Finance department plays an important role in overall functioning of NABARD. It manages liquidity, invertible surpluses and ensures availability of funds for the Business departments and Development departments of the Bank.

Core Functions

The Finance department carries out four main functions:

  • Raising of Resources
  • Liquidity Management and Treasury Operations
  • Centralised Payments
  • Managing Superannuation Funds (Gratuity, Pension, etc.)

A. Raising and Servicing of Resources

The department mobilises and services resources to meet bank’s fund requirements through a mix of instruments for different tenures, viz.,

  • Bonds
  • Certificate of Deposits
  • Commercial Papers
  • Term Loans from Banks
  • Term Money Borrowings
  • Rural Infrastructure Development Fund (RIDF) deposits
  • Short Term Cooperative Rural Credit (STCRC) deposits
  • Short Term Regional Rural Bank (STRRB) deposits
  • Long Term Rural Credit Fund (LTRCF) deposits, etc.
  • Warehouse Infrastructure Fund (WIF)
  • Food Processing Fund (FPF)
  • Issue of Social Bond
  • Any other source that RBI may permit, e.g., Special Liquidity Facility (SLF)
    In the Bonds category, four types of bonds have been issued to retail investors, viz. Capital Gains Bonds, NABARD Rural Bonds, Bhavishya Nirman Bonds and Tax-Free Bonds.
    Corporate bonds issued to institutional investors are listed on the National Stock Exchange (NSE)/ Bombay Stock Exchange (BSE). Also, Tax Free Bonds are listed on the Bombay Stock Exchange (BSE). The servicing of retail instruments (viz. Capital Gains Bonds, NABARD Rural Bonds and Bhavishya Nirman Bonds) is done by UTI Infrastructure Technology and Services Ltd., which acts as our Registrar and Transfer Agent. The Debenture Trustee for Corporate Bonds is Axis Trustee Services Ltd. and Datamatics Business Solutions Ltd. is the RTA for these Bonds. IDBI Trusteeship Services Ltd is the trustee for Bhavishya Nirman Bonds. For Tax-free bonds issued in 2015-16, Axis Trustee Services Ltd acts as Debenture Trustee and Link Intime serves as the Registrar. Contact details of Registrars, Trustees and NABARD are furnished at Investors’ window on Home page of the site.
    NABARD’s Compliance Officer is Shri G Immanuvel. He can be reached via e-mail at in case of any grievance / query regarding Bonds by our Bond investors. Queries on retail Bonds issued by NABARD can also be forwarded to

B. Centralised Payments

The Department remits funds through a centralised payment mechanism for loaning operations, administrative expenses and other purposes to NABARD Regional Offices and client institutions (Commercial Banks, Small Finance Banks, Regional Rural Banks, NBFCs, State Cooperative Agriculture and Rural Development Banks, State Cooperative Banks and District Central Cooperative Banks), State Governments and other eligible agencies.

C. Treasury Operations and Liquidity Management

The Department carries out treasury operations with a view to ensuring availability of adequate liquid resources as per requirement for business/development operations and administrative functions of the bank. The Department invests the bank’s temporary surpluses and other funds in approved instruments in accordance with the provisions of the NABARD Act, the Reserve Bank of India guidelines, ALM Policy, Investment policy and directions given by the Board of Directors within the liquidity risk and interest rate risk framework.

D. Managing Superannuation Funds

The department manages investments in approved securities for handling its Employees’ retirement benefit plans such as pension, gratuity, leave encashment, post-retirement medical benefits, etc.

Broad Achievements of the Department at a National Level

  • NABARD has been entrusted by GoI to handle phased resource mobilisation for the prestigious flagship schemes, viz., Long Term Irrigation Fund (LTIF), Pradhan Mantri Awaas Yojana – Gramin (PMAY-G), Swachh Bharat Mission (SBM), Micro irrigation Fund (MIF), Dairy Infrastructure Development Fund (DIDF) and Fisheries and Aquaculture Infrastructure Development Fund (FIDF) etc.
  • NABARD is accredited as National Implementing Entity under Green climate Fund. The Green Climate Fund has been designated as an operating entity of the financial mechanism of the UNFCCC. NABARD has so far mobilized US $ 50 million from the Fund to support development of Solar Rooftop Units for clients of commercial, industrial and residential housing sector in the country.
  • NABARD created history with the maiden issuance of Social Bond for which the listing ceremony was conducted at BSE, Mumbai on 29 September 2023. The issue is first of such nudge towards ESG investing As against the base issue of ? 1000 crore the subscription was to the tune of ? 8560 crore, of which bids worth ? 1040.50 crore was accepted.  The funds raised through this offering will be used to refinance the essential financing provided for the drinking water projects under GOI’s Jal Jeevan Mission financed under NIDA.

Contact Information

Shri S Shrinath
Chief General Manager
2nd Floor, ‘D’ Wing
C-24, ‘G’ Block
Bandra-Kurla Complex,
Bandra (East)
Tel: (91) 022-26530019

Information under RTI – Section 4(1)(b)

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