Shaji K V to be the new NABARD Chairman

13 Dec 2022 , 08:31 AM

The government told Parliament on Monday that Shaji K V has assumed leadership of the National Bank for Agriculture and Rural Development (NABARD) as of December 7, 2022.

In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Karad stated that Suchindra Misra, Extra Secretary, Department of Financial Services, Ministry of Finance, who was holding an additional charge, has been replaced.

Furthermore, according to Karad, the organization has 514 groups of A-level openings while there are two board-level openings.

In response to a question, the minister stated that following the Covid period, which runs from April 2020 to November 2022, more than 12 lakh loans have been granted by public sector banks for the purpose of starting businesses in rural areas across the nation.

The RBI has informed Karad that, between December 1, 2021, and November 11, 2022, they received 1,230 complaints under the RBI Ombudsman programme regarding “Delay in Loan Stipulation/Disbursement or Non-Observance of Prescribed Time Schedule for Disposal of Loan Applications.”

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