NABARD Subsidiaries Performance FY2024

Questions and Answers

What was the percentage growth rate in disbursement for NABFINS in FY2024 compared to FY2023?

48%

As of 31 March 2024, what were the total loan outstanding and the balance sheet size for NABFINS?

Loan outstanding was ₹3,050 crore and the balance sheet size was ₹3,112.4 crore.

What was the Profit Before Tax (PBT) for NABFINS in FY2024?

₹191.6 crore

What was the gross non-performing assets (GNPA) percentage for NABFINS at the end of FY2024?

2.1% Signup and view all the answers

How many new direct lending branches did NABFINS open during FY2024?

75 new direct lending branches. Signup and view all the answers

In how many states did NABFINS commence operations as of FY2024?

19 states. Signup and view all the answers

How many households has NABFINS extended its services to since inception?

More than 28 lakh households. Signup and view all the answers

What two business models does NABFINS operate through?

Business and development correspondent model, and direct lending model. Signup and view all the answers

What was the percentage reduction of GNPA from March 2023 to March 2024?

The GNPA reduced from 0.5% to 0.14%. Signup and view all the answers

What percentage of total disbursement during FY2024 was allocated to focus segments?

Around 35% of total disbursement was allocated to focus segments. Signup and view all the answers

How much did the disbursement amount to during FY2024?

Disbursement during FY2024 amounted to ₹191 crore. Signup and view all the answers

What significant event did NSFL organize in September 2023?

NSFL organized a WASH Summit jointly with Water.org. Signup and view all the answers

How many beneficiaries did NSFL reach cumulatively by FY2024?

NSFL reached more than 3 lakh ultimate beneficiaries. Signup and view all the answers

What was the total amount of WASH loans disbursed cumulatively?

Around ₹350 crore of WASH loans were disbursed cumulatively. Signup and view all the answers

What innovative program did NSFL launch during the Sa-Dhan National Conference on November 8-9, 2023?

NSFL launched a pioneering Climate Ready WASH funding programme. Signup and view all the answers

What was notable about NSFL's delinquency record in FY2024?

NSFL managed its second successive year of 'nil' delinquencies. Signup and view all the answers

Who launched the Climate Ready WASH funding programme?

The programme was launched by Shaji K.V., Chairman of NABARD. Signup and view all the answers

What was a significant focus of the WASH Summit organized by NSFL?

The summit focused on environmental, social, and governance aspects of WASH lending. Signup and view all the answers

What type of support has NABARD provided for the pilot programme?

NABARD has provided special concessional refinance and grant support. Signup and view all the answers

Which organization collaborated with NSFL to promote climate-resilient WASH lending?

FINISH Mondial through Trust of People. Signup and view all the answers

What significant campaign did NSFL launch on March 22, 2024?

NSFL launched a Climate Ready WASH Awareness Campaign. Signup and view all the answers

By what percentage did NSFL's profits after taxes grow during FY2024?

NSFL's profits after taxes grew by 39% YoY to ₹49 crore. Signup and view all the answers

What was the amount allocated by NSFL for CSR projects in the WASH segment?

NSFL supported CSR projects amounting to ₹69.02 lakh. Signup and view all the answers

How has NSFL been recognized in the context of Sustainable Development Goal 6?

NSFL has been recognized as the largest wholesale debt provider for SDG 6 among home-grown NBFCs. Signup and view all the answers

What was the total assets under management for NSFL during FY2024?

Total assets under management reached ₹1,804 crore. Signup and view all the answers

On which commemorative day did NSFL sign an MoU with Climate Policy Initiative?

The MoU was signed on World Water Day. Signup and view all the answers

What was NSFL's balance sheet growth compared to the previous fiscal year?

The balance sheet grew by 60% YoY to ₹1,855 crore. Signup and view all the answers

What was the primary goal of NSFL's pilot programme in rural districts?

To promote climate-resilient WASH lending for financial MFIs. Signup and view all the answers

What is the main goal of the School Soil Health Programme?

To create awareness and interest in agriculture among students by installing Mini Soil Health Labs in government schools. Signup and view all the answers

What type of amenities are being renovated in the Ujjwal Bhavishya Ki Or project?

Toilets, hand wash areas, classrooms, kitchen areas, and midday meal halls are being renovated. Signup and view all the answers

What essential health items are distributed in the awareness camps mentioned in the content?

Calcium, vitamin, iron, and other essential medicines are distributed during the camps. Signup and view all the answers

Which organization is fully funding the renovation of government schools in Allahabad?

Indian Oil Adani Gas Pvt. Ltd is fully funding the renovation under their CSR obligations. Signup and view all the answers

What additional projects were undertaken during FY2024 alongside school infrastructure development?

Drinking water supply in tribal villages and ICT labs for children with disabilities were additional projects. Signup and view all the answers

What did NABSAMRUDDHI provide to Grameen Shakti Microfinance?

A concessional loan. Signup and view all the answers

Who was recognized with the 'Water and Sanitation Financing Award, 2023'?

NSFL. Signup and view all the answers

What significant improvement did Karmina Bibi experience from the loan provided to her?

She built a new toilet. Signup and view all the answers

By what percentage did NABCONS increase its revenues in FY2024?

63%. Signup and view all the answers

What is the full title of the programs NABCONS contributes to?

Jal Jeevan Mission and Atal Bhujal Yojana. Signup and view all the answers

What type of financial entities does NSFL cover under its risk rating spectra?

Unrated NBFCs, non-profits, and trusts. Signup and view all the answers

What vital community issue did Karmina Bibi face before receiving the loan?

Lack of access to proper WASH facilities. Signup and view all the answers

What role does NABCONS play for both central and state governments?

Preferred consulting partner. Signup and view all the answers

What recognition did NSFL achieve for the second time?

Water and Sanitation Financing Award. Signup and view all the answers

What aspect of Karmina Bibi's life improved due to the newly constructed toilet?

Her dignity and hygiene practices. Signup and view all the answers

Study Notes

NABFINS Performance FY2024

Achieved disbursement of ₹2,723 crore, a growth rate of 48% from FY2023.
Balance sheet size as of March 31, 2024, stood at ₹3,112.4 crore with loan outstanding of ₹3,050 crore.
Profit Before Tax (PBT) reached ₹191.6 crore.
Active borrower base exceeded 11 lakh individuals.
Gross Non-Performing Assets (GNPA) were reported at 2.1% as of March 31, 2024.
Expanded operational reach by opening 75 new direct lending branches, totaling 402 branches.
Operated in 19 states, launching services in Uttar Pradesh, Goa, and Tripura.
Since inception, provided services to over 28 lakh households with micro credit flow exceeding ₹13,966 crore.
Two business models employed: business and development correspondent model, and direct lending model.
Restructured asset quality with GNPA reducing from 0.5% (March 31, 2023) to 0.14% (March 31, 2024).
Achieved two consecutive years of 'nil' delinquencies; 35% of disbursement focused on targeted segments.
Disbursed approximately ₹350 crore in water, sanitation, and hygiene (WASH) loans through 32 partners.
Loans sanctioned during FY2024 totaled ₹191 crore, reflecting 100% year-over-year growth.
Outreach extended to over 3 lakh beneficiaries across 25 states and 2 Union Territories through various financing partners.

Major Initiatives by NSFL FY2024

Organized WASH Summit with Water.org in September 2023 focusing on guidelines and challenges of climate-ready WASH lending.
Co-sponsored Sa-Dhan National Conference on Inclusive Growth, hosting a session on WASH finance.
Launched Climate Ready WASH funding programme, supported by NABARD and various knowledge partners.
Signed MoU with FINISH Mondial for promoting climate-resilient WASH lending.
Initiated a Climate Ready WASH Awareness Campaign for rural MFIs in vulnerable districts from March 22, 2024.
Signed MoU with Climate Policy Initiative on World Water Day to enhance climate financing.
Supported CSR projects totaling ₹69.02 lakh for WASH sector and educational initiatives.

Recognition for NSFL

Established position as an ecosystem builder in WASH funding.
Largest wholesale debt provider for Sustainable Development Goal 6 among home-grown NBFCs.
Awarded the Sa-Dhan Water.org ‘Water and Sanitation Financing Award, 2023’ for the second consecutive year.

NABCONS Performance FY2024

Revenues increased by 63% to ₹231.8 crore.
Preferred consulting partner for central and state government flagship programs like Jal Jeevan Mission and Atal Bhujal Yojana.
Conducted health awareness camps and distributed essential medicines to communities.
Launched projects such as the School Soil Health Programme to educate students on agriculture.
Renovated government schools in Allahabad under ‘Ujjwal Bhavishya Ki Or’ project, funded by Indian Oil Adani Gas Pvt. Ltd.
Took initiatives for drinking water supply in tribal areas and improving ICT access for children with disabilities.

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Description

This quiz focuses on the performance metrics of NABFINS Limited, a subsidiary of NABARD, for the fiscal year 2024. Test your knowledge on their financial achievements, growth rates, and key figures. Explore how these factors reflect the company’s position in the financial sector.