“It has come to our attention that Balaji Micro Bank (website: balajiquasibank.in) is misusing/misrepresenting the name of NABARD and is mopping up deposits - recurring deposits, fixed deposits, monthly income schemes from individuals. It is clarified that NABARD does not collect deposits from general public and has not appointed any agent for the purpose. NABARD does not have links with the above institution and has not authorized it to do any work on its behalf.
It is, therefore, clarified that, NABARD shall not be responsible in any manner whatsoever for any such transactions by the general public.”
It is, therefore, clarified that, NABARD shall not be responsible in any manner whatsoever for any such transactions by the general public.”
NABARD