Business Standard reports Nabard will soon have a fresh look at the funding needs of district co-operative banks as they will start working again under the partial lockdown conditions.
A source is quoted saying Nabard has a balance sheet size of Rs 5.25 trillion. The repayments to RRBs and cooperatives are being affected by the moratorium. Nabard is expected to draw up to Rs 25,000 crore under the refinance window at policy repo rate.
Nabard says it disbursed a refinance of Rs 32,455 crore, of which, short-term finance of Rs 13, 588 crores to co-operative banks and RRBs during the month of March under the lock down conditions.