|Agriculture Development Bank – Senior Assistant – Second Paper Exam Question 2071|
Agriculture Development Bank Limited – Introduction
Agriculture Development Bank Limited (ADBL) is a self-sufficient association to a great extent possessed by Government of Nepal. The bank has been filling in as a head provincial credit organization since the most recent three decades, contributing a more than 67 percent of institutional credit supply in the nation. Henceforth, provincial fund is the chief operational region of ADBL. Additionally, it has likewise been executing Small Farmer Development Program (SFDP), the significant destitution easing program propelled in the nation. Besides, the bank has additionally been associated with business saving money operations since 1984.
The order of Bank and Financial Institution Act (BAFIA) in February 2004 abrogated all Acts identified with money related establishments including the ADBN Act, 1967. In accordance with the BAFIA, ADBL has been fused as an open constrained organization on July 14, 2005. Along these lines, ADBL works as an “A” class money related Institution under the lawful system of BAFIA and the Company Act, 2033.