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49207-001: Equity Investment and Loan for RBL Bank for Supporting Financial Inclusion Project
Extended Annual Review Report Project Number: 49207-001 Loan Number: 3354 October 2019 RBL Bank Limited Supporting Financial Inclusion Project (India) This is an abbreviated version of the document, which excludes information that is subject to exceptions to disclosure set forth in ADB’s Access to Information Policy. CURRENCY EQUIVALENTS Currency unit – Indian rupee (₹) At Appraisal At Project Review 30 October 2015 14 June 2019 ₹1.00 = $0.01528 $0.01438 $1.00 = ₹65.434 ₹69.5308 ABBREVIATIONS ADB – Asian Development Bank CAGR – compound annual growth rate CAR − capital adequacy ratio DMF − design and monitoring framework ESMS − environmental and social management system GAP − gender action plan GDP − gross domestic product GST − goods and services tax IFC − International Finance Corporation IPO – initial public offering MFI – microfinance institution MSMEs – micro, small, and medium-sized enterprises NBFC − nonbank financial company NPA − nonperforming asset NPL – nonperforming loan PSL – priority sector lending P/BV − price-to-book RBI – Reserve Bank of India RBL – RBL Bank Limited SMEs – small and medium-sized enterprises TA − technical assistance US − United States NOTES (i) The fiscal year (FY) of the Government of India and RBL Bank Limited end on 31 March. “FY” before a calendar year denotes the year in which the fiscal year ends, e.g., FY2018 ends on 31 March 2018. (ii) In this report, “$” refers to United States dollars. Vice-President Diwakar Gupta, Private Sector Operations and Public−Private Partnerships Director General Michael Barrow, Private Sector Operations Department (PSOD) Senior Advisor/ Craig Roberts, Private Sector Operations Department Officer-in-Charge Portfolio Management Division Team leader Doukas Doukidis, Investment Specialist, PSOD Team members Mohit Bahl, Associate Investment Officer, PSOD Asif Cheema, Principal Investment Specialist, PSOD Abhishek Singh, Principal Safeguards Specialist, PSOD Cecilia A. -
India Capital Markets Experience
Dorsey’s Indian Capital Markets Capabilities March 2020 OVERVIEW Dorsey’s capital markets team has the practical wisdom and depth of experience necessary to help you succeed, even in the most challenging markets. Founded in 1912, Dorsey is an international firm with over 600 lawyers in 19 offices worldwide. Our involvement in Asia began in 1995. We now cover Asia from our offices in Hong Kong, Shanghai and Beijing. We collaborate across practice areas and across our international and U.S. offices to assemble the best team for our clients. Dorsey offers a full service capital markets practice in key domestic and international financial centers. Companies turn to Dorsey for all types of equity offerings, including IPOs, secondary offerings (including QIPs and OFSs) and debt offerings, including investment grade, high-yield and MTN programs. Our capital markets clients globally range from emerging companies, Fortune 500 seasoned issuers, and venture capital and private equity sponsors to the underwriting and advisory teams of investment banks. India has emerged as one of Dorsey’s most important international practice areas and we view India as a significant market for our clients, both in and outside of India. Dorsey has become a key player in the Indian market, working with major global and local investment banks and Indian companies on a range of international securities offerings. Dorsey is recognized for having a market-leading India capital markets practice, as well as ample international M&A and capital markets experience in the United States, Asia and Europe. Dorsey’s experience in Indian capital markets is deep and spans more than 15 years. -
Annual Report 19-20 Breakthrough Growth
Effective leadership begins with a strong intention - to get things done 302 It all starts with Breakthrough Leadership Being part of the solution, not part of the problem, characterizes solution-driven leadership. For success, solution-driven leaders focus on the goals, not obstacles. They resist problem-oriented thinking. These leaders look to their team for answers. They have little time for excuses. Passion, innovation and determination guide their temperament while in the quest for desired results. They believe in a collaborative approach to find the way forward, which means teamwork, brainstorming, collective strategizing and thinking ‘why not’ to overcome the odds. In doing so, they achieve breakthrough growth. At SBICAP, our proven track record of delivering value to our clients with innovative ideas backed by unparalleled execution even during challenging times - is the result of our solution-driven leadership that inspires creativity and a ‘never give up’ attitude. That we are recognized for our astute professionalism while offering diversified financial advisory and investment banking services reaffirms our leadership position that breeds an open-minded approach to divergent thinking, new possibilities and new solutions. Our financial performance for FY 2019-20 is a reflection of this solution-driven leadership that has helped us to sustain our competitive edge, remain resilient and be responsive to change, thereby, delivering breakthrough growth. ANNUAL REPORT 2019 - 2020 1 VISION To be the best India based Investment Bank. -
Directors' Report
Directors’ Report I. ECONOMIC BACKDROP AND BANKING ENVIRONMENT GLOBAL ECONOMIC The global trade slowed down to 2.2% in 2016 As a result of very good rainfall during owing to sluggish investment and inventory monsoon 2016 and various policy initiatives SCENARIO adjustment. However, it is likely to benefit taken by the Government, the country has from expected increase in global demand, Global growth remained stagnant at 3.1%. witnessed record foodgrain production in albeit increasing protectionist policies remain On the global level, while the advanced FY2017. As per Third Advance Estimates for a matter of concern. The overall world GDP is economies’ performance eased modestly in FY2017, total foodgrain production in the expected to grow by 3.5% in 2017. However, 2016 when compared to 2015, the emerging country is estimated at 273.38 million tonnes, deepening geo-political tensions in the market and developing economies performed which is higher by 8.34 million tonnes than Middle East and North Africa region, faster somewhat better. The US experienced a the previous record foodgrain production than expected Fed rate hike and increase lower GDP growth since 2011, thereby, of 265.04 million tonnes achieved during in protectionism policies by the advanced acting as a drag on the overall advanced FY2014 and significantly higher by 21.81 economies are the key risks that can put economies’ growth. UK slowed down against million tonnes than the last year’s foodgrain downward pressure on global economic the backdrop of weaker net exports. Euro production. activity. Area as a whole, however, registered a tad higher growth in 2016 when compared to Both Wholesale Price Index (WPI) and Another aspect that influences global growth 2015. -
Credit Cards
Equity Research INDIA August 24, 2021 BSE Sensex: 55556 Credit cards ICICI Securities Limited is the author and distributor of this report Steady recovery in credit card spends is heartening Credit card (CC) spends have continued to improve gradually over the months of Jun -Jul-Aug’21. Based on the trend witnessed in Aug’21-TD and factoring-in a 2% Monthly MoM growth for Sep’21E (similar to Sep’20 over Aug’20), Q2FY22E CC spends could be 35% higher than in Q1FY22 and 59% higher than Q2FY21. Assuming market share of 19%, SBI Cards (SBIC) spends in Q2FY22 could be 53% / 36% SBI Card (BUY) higher on YoY / QoQ basis. 1,200 CC spends witness sequential improvement. Total CC spends rose 20% MoM in 1,000 Jun’21 after declining 18%/12% MoM in Apr’21/May’21. The improvement in spends 800 can be attributed to lower lockdown restrictions owing to falling covid cases. Jun’21 (Rs) 600 CC spends came in at Rs627bn, largely in line with average spend of ~Rs650bn 400 seen during H2FY21. Ratio of CC spends to debit card spends improved further to 200 1.23x in Jun’21 vs 1.1x / 1.2x in Apr’21 / May’21, and <1x in Apr-Dec’20. Average CC spend per day (off–us transactions) is seeing continued improvement in Aug’21-TD. Oct-20 Apr-21 Jun-20 Jan-21 Mar-20 Aug-21 CC spend per day has improved from Rs13.8bn/12.7bn/15.9bn/18.1bn Apr’21-Jul’21 to Rs19.2bn in Aug’21-TD. -
Today's View Islamic Crowdfunding
© 2017 Bank of Baroda. All rights reserved NEWS HIGHLIGHTS Aadhaar enabled payments double to 13.7m in March SEBI mulls biometric check for stock trading via mobile applications Flipkart Walmart deal would be good for e-commerce: Amazon Mahindra Electric ties up with Meru for e-vehicle project Today’s View Akhil Handa +91 22 6759 2873 [email protected] Islamic Crowdfunding Manish Kulkarni Islamic Banking has evolved from an ethical niche market to a mainstream +91 22 6759 2884 financial services category, especially in the Gulf and the Asian and African [email protected] continents. The Islamic Financial Services Board (IFSB) estimates the Islamic Paytm Bank claims 100m e- finance space to be worth US $2.1 trillion in 2017. As per World Bank report, Verified accounts Islamic financing is currently focussed more on large corporates, while Islamic-based investments (outside of bank deposits) are limited to high-net- Paytm Payments Bank claims worth individuals. that it now has over 100mn KYC-registered wallets — which In order to focus more on equitable distribution of wealth, various Islamic includes both complete and institutions like Saudi-based Islamic Development Bank are leveraging minimum KYC. This innovative financing options like crowdfunding. Islamic crowdfunding allows development comes even as there have been indications in for a collective cooperation amongst individuals to pool resources for a cause, the digital payments industry of project or business in which they believe. a sharp fall in mobile-wallet users as customer Islamic crowdfunding follows maqasid al sharia (objectives of Islamic Law) to authentication did not take off. -
April 14, 2021 to BSE Limited Phiroze Jeejeebhoy Towers, 25Th Floor
April 14, 2021 To To BSE Limited The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 001 Scrip Code: 524558 Scrip Code: NEULANDLAB; Series: EQ Dear Sirs, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has been assigned the following credit rating: Name of the Agency Type of Credit Rating Rating CRISIL Ratings Limited Long Term Rating CRISIL A-/Stable Short Term Rating CRISIL A2+ This is for your information and records. Yours faithfully, For Neuland Laboratories Limited Sarada Bhamidipati Company Secretary Encl: As above CONFIDENTIAL RL/NEULABO/269164/BLR/0421/06705 April 14, 2021 Mr. Sucheth Rao Davuluri Vice Chairman Neuland Laboratories Limited Sanali Info Park, 'A' Block Ground Floor, 8-2-120/113, Road No: 2 Bajara Hills Hyderabad - 500034 Dear Mr. Sucheth Rao Davuluri, Re: Assignment of CRISIL Ratings to the bank facilities of Neuland Laboratories Limited All ratings assigned by CRISIL Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.530 Crore Long Term Rating CRISIL A-/Stable (Assigned) Short Term Rating CRISIL A2+ (Assigned) (Bank-wise details as per Annexure 1) As per our Rating Agreement, CRISIL Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. -
Indian Metals & Ferro Alloys Limited
August 17, 2021 Indian Metals & Ferro Alloys Limited - Update on the details of lender facilities Instrument Type Lender Name* Rated Amount (Rs. crore) Term Loan ICICI Bank 216.68 Term Loan Union Bank of India 9.86 Term Loan South Indian Bank 25.91 Term Loan EXIM Bank 49.14 Term Loan Canara Bank 49.14 Term Loan Indian Bank 32.37 Term Loan RBL Bank 11.12 Term Loan UCO Bank 10.66 Term Loan HDFC Bank 2.58 Fund Based Limits State Bank of India 79.20 Fund Based Limits Standard Chartered Bank 65.50 Fund Based Limits IDBI Bank 50.00 Fund Based Limits ICICI Bank 60.00 Fund Based Limits RBL Bank 60.00 Fund Based Limits-Unallocated - 41.08 Non fund Based Limits State Bank of India 112.26 Non fund Based Limits State Bank of India (72.00)** Non fund Based Limits Standard Chartered Bank (65.50)** Non fund Based Limits IDBI Bank (50.00)** Non fund Based Limits ICICI Bank (60.00)** Non fund Based Limits RBL Bank (60.00)** Total 875.50 *as on March 17, 2021 ** 100% interchangeable with corresponding fund-based limits The details presented in this document provide an update on the names of lenders, in reference to the total credit facilities of Indian Metals & Ferro Alloys Limited rated by ICRA. To access the previous rating rationale: Click Here. This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021. -
Polestar Awards
THE POLESTAR FOUNDATION 17th ANNUAL POLESTAR AWARDS WINNING ARTICLES IT & BUSINESS JOURNALISM 17th Annual PoleStar Awards The PoleStar Awards recognizes outstanding talent among Indian media professionals and celebrates stupendous contributions from media citizens who have acted as catalysts in disseminating quality information to the world. The PoleStar Foundation conceptualized the PoleStar Award way back in 1998 to mark excellence in IT and Business Journalism. BEST FEATURE IN BUSINESS JOURNALISM 17th Annual PoleStar Awards Winner Awards 17th Annual PoleStar Mansi Kapur Mansi Kapur won the PoleStar Award for her article, ‘Good Vs Evil’, which appeared in Business Journalism, dated November 2014. Mansi Kapur is currently heading Digital Edition with Fortune India, a globally distinguished business magazine. After 12 years of reporting and writing, Mansi Kapur has spent the past year building the digital edition of Fortune India, a globally distinguished business brand. She comes from a rich experience of covering diverse sectors such as banking ?automobiles, media, food, liquor and China. She enjoys writing on the intersection of technology and skills and loves fleshing out the drama of building businesses. Mansi started her journalism career with Business Standard in 2003. Before joining Fortune India, she worked with Hindustan Times, Infomedia18 Ltd, The Times of India, where she also won the SNU-LG Press Fellowship in Journalism. Last year, she won the Polestar award for the best feature in IT journalism for her story on YouTube. www.polestar-foundation.org Business Journalism Good vs. Evil State Bank of India Chairman Arundhati Bhattacharya's relentless battle against NPAs and why that could change banking. -
Investor Presentation 4Th Quarter/ Q4 FY 21
Investor Presentation 4th Quarter/ Q4 FY 21 May 4, 2021 Disclaimer By attending the meeting / telephonic call where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by RBL Bank Limited (the “Company”) for use in presentations by the Company at analyst and investor meetings and does not constitute a recommendation regarding the securities of the Company. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained herein. Neither the Company nor any of its advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Neither the Company nor any of its advisors or representatives is under any obligation to update or keep current the information contained herein. The information communicated in this presentation contains certain statements that are or may be forward looking. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Any investment in securities issued by the Company will also involve certain risks. -
Subsidiaries 1
DIRECTORS’ REPORT V. SUBSIDIARIES 1. SBI CAPITAL MARKETS LIMITED (SBICAP) (` crore) Name of the subsidiary company Ownership % of Net Profit (SBI Interest) Ownership (Losses) for FY2020 SBI CAPITAL MARKETS LTD. 58.03 100% 215.42 SBICAP SECURITIES LIMITED (SSL) NOT APPLICABLE 84.94 SBICAP VENTURES LIMITED (SVL) 11.01 SBICAP (UK) LIMITED (SUL) (2.57) SBICAP (SINGAPORE) LIMITED (SSGL) 0.46 SBICAP TRUSTEE CO. LIMITED (STCL) 20.51 SBICAPs is India’s leading investment B. SBICAP VENTURES SME FUND banker, offering a bouquet of investment LIMITED (SVL) banking and corporate advisory services SME fund was also launched on 19-11- to diversified clients across three product SVL is a wholly owned subsidiary of SBI 2018, legal & tax advisors and trustee groups - Project Advisory and Structured Capital Markets Limited. SVL is acting as for SME fund have been appointed, Finance, Equity Capital Markets and Debt the Asset Management Company. SVL is and it is in process of drafting Capital Markets. These services include presently actively managing three funds Investment Management Agreement Project Advisory, Loan Syndication, – Neev Fund, SWAMIH Investment Fund I and Contribution Agreement. The trust Structured Debt Placement, Mergers and and SVL-SME fund. is registered and SEBI registration for Acquisitions, Private Equity, Restructuring the fund was received on 25-Sep-2019. Advisory, Stressed Assets Resolution, NEEV FUND The company is in process of meeting IPO, FPO, Rights Issues, Debt, Hybrid potential investors for investing in Capital raising, Inv IT advisory, REIT Neev Fund, an AIF Cat I Infrastructure SME fund. advisory and COC advisory (Committee Fund had its final close on 31st March of Creditors). -
Sr. No. State GST Registration Number
The State wise GST Registration Numbers of IDFC FIRST Bank Limited are as under: GST Registration Sr. No. State Address of the Principal Branch of the State Number IDFC FIRST Bank Limited, First Floor, Madhursree, 1 Andhra Pradesh 37AADCI6523Q1Z1 Building, 61-3/1-12, Service Road, Nh-5, Vijaywada, Andhra Pradesh - 520013. IDFC FIRST Bank Limited, First floor, AG Plaza, G.S. Road, 2 Assam 18AADCI6523Q1Z1 Guwahati, Kamrup, Assam - 781005. IDFC FIRST Bank Limited, Ground Floor, SCO No. 169-170, 3 Chandigarh 04AADCI6523Q1ZA Sector 8C Madhya Marg, Chandigarh - 160018. IDFC FIRST Bank Limited, P.H. No. 110, RIC, Ground Floor, 4 Chhattisgarh 22AADCI6523Q1ZC Bindal Tower, Shankar Nagar, Raipur, Chhattisgarh, 492007. IDFC FIRST Bank Limited, Soodha And Birla Towers, 4th 5 Delhi 07AADCI6523Q1Z4 Floor, East Tower And Lgf West Tower, Barakhamba Road, New Delhi, 110001. IDFC FIRST Bank Limited, Ground Floor, Shop No G-2, 6 Goa 30AADCI6523Q1ZF Milroc Lar Menezes, Swami Vivekananda Road, Panaji, North Goa, Goa - 403001. IDFC FIRST Bank Limited, Sun Square, T.P 20, F.P No 7 Gujarat 24AADCI6523Q1Z8 80+90+91, Besides Nest, Off C. G Road, Ahmedabad, Gujarat - 380006. IDFC FIRST Bank Limited, One Horizon Centre, Ground 8 Haryana 06AADCI6523Q1Z6 Floor & Plaza, Golf Course Road, Gurgaon, Haryana - 122003. IDFC FIRST Bank Limited, Residency Building, Plot No. 79, 9 Karnataka 29AADCI6523Q1ZY Residency Road, Richmond Town, Bangalore, Karnatak - 560025. IDFC FIRST Bank Limited, Ground And Mezz Floor, 10 Kerala 32AADCI6523Q1ZB Vankaarath Towers, National highway Bypass Signal Junction, Palarivattom, Kochi, Kerala - 682024. IDFC FIRST Bank Limited, Naman Chambers, C-32, G 11 Maharashtra 27AADCI6523Q1Z2 Block, Bandra Kurla Complex, Bandra (East), Mumbai, 400051.