Delhi agricultural body seeks to invest over Rs 6 crore
Delhi agricultural body seeks to invest over Rs 6 croreNew Delhi, May 14 (KNN) The Delhi Agricultural Marketing Board (DAMB) that wishes to invest Rs 6.71 crore in a fixed deposit for 295 days has invited quotations from nationalised banks.
The investment would be made with effect from May 18, 2013 to March 8, 2014.
“Interested nationalised banks are requested to quote in sealed cover, the highest rate of interest for the deposit along with certificate that they have not incurred loss during the last three financial year ending 31.3.2013,” an official notification said.
Further, one bank can be given maximum funds of Rs 50 crore, inclusive of earlier investments with that bank, it added.
DAMB was established in 1977 for better regulation of the purchase, sale, storage and processing of agricultural produce and for the establishment of markets of agricultural produce in the national capital territory of Delhi and the connected markets. (KNN)