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  • Notice for shareholders new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • Bank has opens its 141st Branch at Canal Road, Dehradun .new

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
147 Branches - 100% CBS/RTGS/NEFT Enable
Scheme Of Bank Finance To Rice Millers

The salient features of the scheme :

Working Capital Assessment :

Bank may consider enhancement in the limit of parties having satisfactory performance during the last season. The rice mill units are categorized as small (manufacturing) sector units and as per RBI guidelines these units are eligible for getting working facility on the basis of Nayak Committee recommendations. However, the Rice Mills being seasonal industry, Bank have/had adopted any one of the following methods for sanctioning a rational and required working credit limit to them, which will continue to be applied.

  • As per Nayak Committee recommendations – MPBF- 20% on the basis of projected sale turnover.
  • IInd method of lending as per Tandon Committee norms.
  • Under traditional method of lending adopted in our bank for assessment of working capital requirements of rice mill which is a seasonal industry, the maximum inventory and receivables holdings have been proposed to be continued as per last year’s Rice Mill policy, which are as under:-

  • (No. of Days holding)
    Paddy Rice Debtors
    60 45 90

  • The level of creditors shall be taken on an average for last financial year subject to maximum 15 days since during peak period it remains very low and working capital is assessed on the basis of peak period requirements. The level of creditors during current year will also depend upon the availability of paddy i.e. its shortage may reduce the level of creditors to a NIL level also.
Rate Of Interest :

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