NABARD to service its SLR Bonds issued upto October 1994 from July 1 - ಆರ್ಬಿಐ - Reserve Bank of India
NABARD to service its SLR Bonds issued upto October 1994 from July 1
The National Bank for Agriculture and Rural Development (NABARD) will, from July 1, 2003, take over the servicing of its Bonds issued upto October 1994. The service would include payment of interest and redemption proceeds, as also other services, such as, splitting/consolidation of bonds, etc. Accordingly, the servicing of these bonds by the Reserve Bank of India's public debt offices (PDOs) would be discontinued with effect from close of business on June 30, 2003. Currently, various Public Debt Offices (PDOs) of the Reserve Bank of India (RBI) provide these services.
The Reserve Bank has requested all the Bond holders/investors to approach the concerned office of NABARD for the servicing of all the series of the NABARD SLR Bonds issued upto October 1994 where payments are outstanding or becoming due on or after July 1, 2003. The details of NABARD offices corresponding with the Reserve Bank's Public Debt Offices are available on the RBI website.
The Reserve Bank has also requested all institutional investors/trustees to get the specimen signature of their authorised signatories registered with respective offices of the NABARD by June 16, 2003 to facilitate prompt servicing/payments of interest and redemption proceeds by NABARD.
Alpana Killawala
General Manager
Press Release : 2002-2003/1221
Address of Corresponding Office of National Bank for Agriculture And Rural Development. |
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Ahmedabad |
Ahmedabad |
Bangalore |
Bangalore |
Bhubhaneshwar |
Bhubaneshwar |
Chennai |
Chennai |
Guwahati |
1. Agartala |
Hyderabad |
Hyderabad |
Jaipur |
Jaipur |
Kanpur |
1.Lucknow |
Kolkata |
Kolkata |
Mumbai (Fort) |
1. Mumbai (Head Office) |
Nagpur |
1.Bhopal |
New Delhi |
New Delhi |
Patna |
1.Patna |
Thiruvananth-puram |
Thiruvananthpuram |