What does ADBL mean in BANKING
Agricultural Development Bank Limited (ADBL) is a public financial institution in Nepal, providing various banking services to farmers and rural development projects. Established in 1968 with the mission to increase food production and improve the socio-economic status of rural communities, ADBL has played an important role in sustaining agricultural growth in this region. With its focus on improving access to finance for agricultural activities, ADBL has grown from strength to strength over the years. In addition, through its wide network of branches and agents spread across Nepal’s 75 districts, it has been able to reach out to remote areas as well.
ADBL meaning in Banking in Business
ADBL mostly used in an acronym Banking in Category Business that means Agricultural Development Bank Limited
Shorthand: ADBL,
Full Form: Agricultural Development Bank Limited
For more information of "Agricultural Development Bank Limited", see the section below.
What is ADBL?
ADBL is a commercial bank that specializes in providing financial support for agricultural activities in Nepal. It offers a range of banking services such as savings & deposits accounts, farm loans & credit facilities, remittance services and foreign exchange facilities. As part of its mandate, it also provides capacity building programs for farmers and entrepreneurs to help them learn new techniques related to farming or develop their businesses. By providing capital and expert advice at affordable rates, ADBL plays an instrumental role in advancing sustainable agriculture sector development in the country.
What Does ADBL Stand For?
The acronym ‘ADBL’ stands for Agricultural Development Bank Limited – referring to this public financial institution that works specifically towards the advancement of agricultural activities in Nepal. As part of its core business functions, it not only lends out money but also provides useful advice on developing sustainable farming practices while ensuring profitability for both borrowers and lenders alike.
Essential Questions and Answers on Agricultural Development Bank Limited in "BUSINESS»BANKING"
What is Agricultural Development Bank Limited?
Agricultural Development Bank Limited (ADBL) is the apex financial institution of Nepal for providing support to the development of agriculture and rural areas. It provides credit and other services to agricultural producers, small businesses and cooperatives in rural areas. ADBL also carries out research activities and offers financial advisory services.
What are the main products and services provided by ADBL?
ADBL offers a wide range of products including credit facilities, short-term loans, long-term financing and microcredit. It also provides nonfinancial services such as agro-advisory services, training programs, technological innovations, capital market support and other related services.
What are the eligibility criteria to apply for a loan with ADBL?
To be eligible for a loan from ADBL applicants must be engaged in agricultural production or be involved in agro-based enterprises or cooperatives. Additionally they must have adequate security to cover the loan amount as well as good character references.
Is it possible to make partial payments on my loan with ADBL?
Yes, it is possible to make partial payments on your loan with ADBL. However you should always check with your loan officer before making any partial payments as there may be specific guidelines or requirements that need to be followed in order to do so.
How can I find out more about the products and services offered by ADBL?
You can find more information about the products and services offered by ADBL on their website at www.adblnepal.com or you can contact their customer service team directly at +977 1 5238902 / 3 / 4 / 5 / 6 for further assistance.
Does ADBL offer online banking facilities?
Yes, ADBL offers an online banking facility which enables customers to manage their accounts using their mobile phones or computers from anywhere at any time. Customers can use this facility to check their balance, transfer funds between accounts, pay bills etc.
How can I get access to an ATM card from ADBL?
You can obtain an ATM card from ADBL by visiting one of its branches or requesting one from its customer service team over the phone (+977 1 5238902 / 3 / 4 / 5 / 6). The process is simple and straightforward but please ensure that you fulfill all required eligibility criteria before applying for an ATM card from ADBL.
Does ADBL provide overseas remittance services?
Yes, customers of ADB can avail overseas remittance facilities through Western Union Money Transfer (WUMT) which enables customers to receive money from abroad quickly and securely within minutes.
Final Words:
Agricultural Development Bank Limited (ADBL) is an important banking institution that serves thousands of rural households and provides invaluable support for sustainable agricultural development across Nepal. Through its range of products such as farm loans & credit styles, remittance/foreign exchange services and capacity building programs, it helps empower farmers with capital and knowledge necessary for successful business operations. In short, ADBL is a key economic enabler that plays a significant role towards socio-economic progress at the grassroots level.
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