State-run National Bank for Agriculture & Rural Development (Nabard) has justified its restructuring and repositioning exercise, based on the recommendations of the Boston Consulting Group. Speaking to Business Standard, chief general manager K R Nair said the exercise was aimed at improving the scope of operations by increasing the production credit and investment credit portfolios, as well as their impact. Nabard has said the repositioning initiative did not replace or modify its traditional credit and development functions………….. …………..All India Nabard Officers' Association, a representative body of 2,700 officers have said it was apprehensive that the Boston Consulting Group's recommendations, if implemented without wide-scale debate, would lead to dilution of Nabard's role.
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