DOCSLIB.ORG

State Bank of India

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
State Bank of India State Bank of India Instrument Amount Rating Action In Rs. Crore (August 2016) Tier II Bonds Programme-Basel-III 13,000.00 [ICRA]AAA(hyb) (stable); reaffirmed Tier II Bonds Programme 675.00 [ICRA]AAA (stable); reaffirmed Certificates of Deposit Programme 3,500.00 [ICRA]A1+; reaffirmed Term Deposits Programme - MAAA (stable); reaffirmed ICRA has reaffirmed the ratings of [ICRA]AAA (pronounced ICRA triple A) with a stable outlook on the Rs. 675 crore Tier II Bonds Programme, MAAA (pronounced M triple A) with a stable outlook on the Term Deposits Programme and [ICRA]A1+ (pronounced ICRA A one plus) on the Rs. 3,500 crore Certificates of Deposit Programme of State Bank of India (SBI)1 . ICRA has also reaffirmed the [ICRA]AAA(hyb) (pronounced ICRA triple A hybrid) rating with a stable outlook on the Basel III compliant Tier II Bonds Programme of Rs. 13,000 crore of SBI. The letters “hyb” in parenthesis suffixed to the rating symbol stand for “hybrid”, indicating that the rated instrument is a hybrid subordinated instrument with equity-like loss-absorption features; such features may translate into higher levels of rating transition and loss-severity vis-à-vis conventional debt instruments. The rated Basel III compliant Tier II bonds are expected to absorb losses once the ‘point of non-viability’ (PONV) trigger is invoked. The ratings continue to factor in SBI’s majority sovereign ownership (60.18% equity shares held by Government of India (GoI) as on March 31, 2016), its dominant position in the Indian banking industry, its systemic importance, healthy deposit base and comfortable liquidity profile. ICRA takes note of the significant increase in the bank’s gross NPAs, from 4.15% as on September 30, 2015 to 6.50% as on March 31, 2016. The bank’s fresh NPA generation increased significantly to Rs 51,005 crore (7.80%) in H2FY2016 (~Rs 23,800 crore on account of the RBI’s Asset Quality Review) as compared to Rs. 13,194 crore (2.07%) in H1FY2016. As a result of the sharp increase in gross NPAs, the attendant pressures on income and elevated provisioning requirements led to a sharp decline in net profitability with the PAT in relation to ATA falling to 0.46% in FY2016 (0.68% in FY2015). Notwithstanding the current deterioration, SBI’s annual operating profits (pre-provisioning) in relation to Net NPA remain at ~78% providing adequate cushion to absorb potential losses. Further, SBI’s tier I at 9.92%, and the large unrealized gains on fixed assets and other investments provide cushion to absorb unexpected losses as well as to give visibility of the availability of capital to support the planned 12-14% growth over the medium term. Expectation of strong support from the GoI, given SBI’s systemic importance and it being the largest public sector bank is incorporated into the rating. The strength of SBI’s franchise is reflected in its competitive cost of funds, leadership position in the key retail and corporate loan markets and its high fee based income. SBI has a market share of 17.6% in deposits and 16.3% in credit outstanding of the Indian banking system as on March 31, 2016. It has maintained the share of CASA deposits at around 44% as on March 31, 2016 resulting in competitive cost of funds and its strong Govt relationships ensured healthy fee based income at 0.77% of ATA in FY2016. While a significant portion of the stressed assets were recognised as non-performing in H2FY2016, fresh NPA generation is likely remain at elevated levels in FY2017 as well, though lower than FY2016. A large part of fresh slippages are likely to be from restructured advances and stressed assets of 2.08% (Rs. 31,300 crore, as disclosed by the management) of which 70% is expected to slip in FY2017. Hence, the bank’s asset quality profile is likely to remain under pressure in FY2017. As on March 31, 2016, the bank reported Basel III capital adequacy of 13.12% (Tier I of 9.92% and CET1 of 9.81%). While the capitalisation level is comfortable against the current regulatory minimum requirements, the 1 For complete rating scale and definitions, please refer to ICRA’s website (www.icra.in) or other ICRA rating publications bank would need to raise significant fresh Tier I capital over the next 3 years to meet the increasing regulatory minimum capital requirements as well as to fund growth. ICRA estimates that SBI would need to raise Tier I capital of around Rs 50,000-70,000 crore (~30-40% of its current market cap2) during FY2017-19, depending on internal capital generation and growth in risk weighted assets during the period. In July 2016, the GoI announced a capital infusion of Rs. 7,575 crore in SBI. ICRA also notes that SBI’s ability to raise capital from non-government sources is superior to that of other public sector banks, given its better share price valuation. There is also headroom available for dilution in GoI holding from the current level of 60.18% (as on March 31, 2016) to the minimum of 52% prescribed by the Ministry of Finance. The bank’s profitability deteriorated in FY2016 on account of high interest reversals following the high slippages and increased credit provisioning in H2FY2016 (credit provisions as % of ATA of 1.9% in H2FY16 vs. 0.75 % in H1FY2016 and 0.91% in FY2015). The bank reported a PAT/ATA of 0.46% in FY2016 vs. 0.68% in FY2015. ICRA expects the credit costs to remain high going forward, on account of the elevated level of slippages continuing, ageing of NPAs and the management’s intent to increase the provision coverage ratio. As a result, SBI’s profitability profile is expected to remain subdued in FY2017. Any significant improvement in profitability would be linked to SBI’s ability to recover from its weak assets3. In June 2016, the Union Cabinet gave an in-principle approval for merger of five associate banks with SBI; the merger is expected to be completed by March 2017. While ICRA notes that in the short run, there are likely to be issues regarding post employment liabilities and alignment of asset classification with associate banks, it also takes cognisance of the benefits such as cost rationalization and improved branch presence that are likely to accrue in the medium to long term. Bank Profile The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of the Bank of Calcutta in 1806 (redesigned as the Bank of Bengal in 1809), the Bank of Bombay (1840) and the Bank of Madras (1843). These three banks amalgamated as the Imperial Bank of India in 1921. In 1951, when the country’s first 5-year plan was launched, the Imperial Bank of India was integrated with other state-owned and state-associate banks. An Act was accordingly passed in the Parliament in May 1955 and the State Bank of India (SBI) was constituted in July 1955. Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling SBI to take over eight former state associated banks as its subsidiaries (later named associates). SBI is the largest bank in the country and is 60.18% owned by the GoI. As on March 31, 2016, SBI had five associate banks and the consolidated asset base of SBI and its associates was over Rs. 28 lakh-crore. As on March 31, 2016, SBI had 16,784 branches in India and 198 overseas offices and branches spread over 36 countries with 100% of its business covered by a core banking solution. For FY2016, SBI reported profit after tax (PAT) of Rs. 9,951 crore on an asset base of Rs.22,59,063 crore as compared to a PAT of Rs. 13,102 crore on an asset base of Rs. 20,48,080 crore for the previous financial year. As on March 31, 2016, the bank reported capital adequacy of 13.12% (Tier I of 9.92%) and gross NPAs of 6.50%. August 2016 For further details please contact: Analyst Contacts: Mr. Karthik Srinivasan (Tel No +91 22 6114 3444) [email protected] Relationship Contacts: Mr. L. Shivakumar, (Tel. No. +91 22 6114 3406) [email protected] 2 Including capital needed for associate banks and additional capital requirement of 0.6% being a domestic systemic important bank (D-SIB). Assuming internal capital generation at 7-8% and growth in risk weighted assets at 13%- 14%. Also assuming a 1% buffer over and above minimum regulatory core capital 3 SBI reported gross NPA% of 6.50% and standard restructured advances of 2.59% as on March 31, 2016 © Copyright, 2016, ICRA Limited. All Rights Reserved Contents may be used freely with due acknowledgement to ICRA ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance, which may lead to revision in ratings. An ICRA rating is a symbolic indicator of ICRA’s current opinion on the relative capability of the issuer concerned to timely service debts and obligations, with reference to the instrument rated. Please visit our website www.icra.in or contact any ICRA office for the latest information on ICRA ratings outstanding. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable, including the rated issuer. ICRA however has not conducted any audit of the rated issuer or of the information provided by it.
Load more

Recommended publications
  • GIPE-004092-Contents.Pdf (1.284Mb)
    --- -··-- \ ---- I i I ! . ~ f I I ~ lI . f .. IN D l A IN 1922-23 A Statement prepared for presentation to Parliament iii accordance with the requirements of the 26th Section of the Government of India Act · (5 & 6 .Ceo. V, Cha~~ 61) .· • r < ' BY L. F. RUSHBROOK WILLIAMS All Sour. Collese O:ttlortl Director of Public Information Government of India I I I I I I CAWO'l'l:A SVl'ID.JNTINDIN'l' OOVIBNllENT PB1N1'IN01 DfDIA 1928 Agents for the Sale of Books Published by the Superintendent of Government Printing, India, Calcutta. IN EUROPE. '()onstable & Co., 10, Orange Street, Leicester W. Thacker & Co., 9, Oreed Lane, London, B.O. 1 Square, London, W.o. T. l'isher Unwin, Ltd., 1, Adelphi Terrace. Kegan Pa.'ll, Trench, Trftbner & Co., GS·f•, London, W.o. 0arter Lane, E.O., anll 811, New Oxfonl Wheldon and Wesley, Ltd., II, 8, and 4, .Aithlll' St.reet, London, W.0. ' Street, New Oxford S~ .• london, W, C. 2, Bast and West Ltd., 8, Victoria Street, london, ;serna.rd Qna.rltch, 11, Grafton Street, New S. W.l• .Bond Street, London, W. B. H. Blackwell, 60 & 51, Broad Street, 0 :dord. P. S. King & Sons, 9 & '• Great Smith Street, Westminster, London, S.W. Deighton, Bell & Co., Ltd., Cambridge. ·S:, S. King & Co., 66, CornhiD, D.O., and II, Pall OUver and Boyd, Tweedd.ale Conrt, Edinburgh, M.aU, London, W. B. l'onsonby, Ltd., 116, Grafton Street, Dublin. Grlndlav & Co., 64,, hrliament Street, London, Ernest Leroux, 118. :&ue lklnaparte, Parla. s.w. Martlnus Nljholf, The Hague, Holland.
    [Show full text]
  • Bulletin Newsletter from the EABH
    bulletin Newsletter from the EABH 1/2009 European Association for Banking and Financial History e.V. Editorial Dear Colleagues, With the collapse of the Cologne Historical Archive on 3 March 2009 historical valuable material, records pertaining to this institution and, tragically, human lives were lost. In a certain way, the demolition of the physical premises of this institution demonstrates how easily years of tradition can be lost when its true value is not understood. This remains a reality which all archivists are working hard on to prevent. The safeguarding of significant and valuable archival material has become even more important now that the financial world is facing one of its biggest crises ever. In this challenging and demanding period of market turbulence, the financial world certainly faces many alarming issues but the need for future documentation, so that historians will be able to research and understand these events in the future, remains undeniable. In the light of the ongoing global financial crisis our members’ commitment to the Association serves a key role to achieve its goals which are to promote the preservation of historically valuable archive material and to initiate and foster research into banking and financial history. In the 23rd issue of the bi-annual EABH Bulletin Newsletter the Association offers a warm welcome to our newest member, the Bank of Albania. The EABH e. V. in cooperation with Bank of Cyprus is also looking forward to welcoming you at this year’s significant conference The Critical Function of History in Banking and Finance 15 & 16 May 2009 - Bank of Cyprus, Nicosia, Cyprus that explores the mutual relationships between banking and finance and their histories, covering issues such as democratization, nationalism, decolonization and more recently regionalization and europeanization and how banking and financial institutions and systems have shaped or been shaped by them.
    [Show full text]
  • The Monetary Problems of India
    TEXT FLY WITHIN THE BOOK ONLY Damage Book Tight Binding Book ro <OU_1 66025 >ES ^ CO THE MONETARY PROBLEMS OF INDIA MACMILLAN AND CO., LIMITED LONDON BOMBAY CALCUTTA MADRAS MELBOURNE THE MACMILLAN COMPANY NEW YORK BOSTON CHICAGO DALLAS ATLANTA SAN FRANCISCO THE MACMILLAN COMPANY OF CANADA, LIMITED TORONTO THE MONETARY PROBLEMS OF INDIA BY L. C. JAIN M.A., LL.B. Pii.DrWC^N. (LONDON) READER IN ECONOMICS IN THE UNIVERSITY OK THE PUNJAB ; SHCRKTARY OF THK UNITED PROVINCES BANKING INQUIRY COMMITTEE, 1929-30; LECTURER IN CURRENCY AND BANKING AT THE UNIVERSITY OF ALLAHABAD; AUTHOR OP- "INDIGENOUS BANKING IN INDIA*' MACMILLAN AND CO., LIMITED ST. MARTIN'S STREET, LONDON COPYRIGHT PRINTED IN GREAT BRITAIN TO THE MEMORY OF MY MOTHER PREFACE THE aim of this book is to deal with the monetary problems of India as they have arisen in recent years, particularly during 1926-32. While literature on the subject is in plenty, books on the recent phases of Indian currency and credit are not many. Happily, a mass of new material has been made available by the recent Banking Inquiry in every province in India. The very length of the material (20,000 pages in print), however, makes the task of its analysis rather difficult. Moreover, since the Banking Inquiry itself new changes in fact, crises have overtaken the money markets of the world, including India. Thus the subject of Indian monetary problems is today of unusual importance and difficulty. As in my work on Indigenous Banking in India, of the imperfections of my present venture I am fully sensible.
    [Show full text]
  • Pre-Independence Banking History Post-Independence
    Banking history of India is divided into Two major categories – . Pre-Independence Banking History . Post-Independence Banking History Pre-Independence Banking :- . The origin of modern Banking in India dates back to the 18th century. Bank of Hindusthan was established in 1770 and it was the first bank at Calcutta underEuropean management. Banking Concept in India was brought by Europeans. In 1786 General Bank of India was set up. On June 2, 1806 the Bank of Calcutta established in Calcutta. It was the first Presidency Bank during the British Raj. Bank of Calcutta was established mainly to fund General Wellesley’s wars against Tipu Sultan and the Marathas. On January 2, 1809 the Bank of Calcutta renamed as the Bank of Bengal. In 1839, there was a fruitless effort by Indian merchants to establish a Bank called Union Bank but it failed within a decade. On 15th April, 1840 the second presidency Bank was established in Bombay – Bank of Bombay. On 1 July 1843 the Bank of Madras was established in Madras, now Chennai. It was the third Presidency Bank during the British Raj. Allahabad Bank which was established in 1865 and working even today. The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 145 years is Allahabad Bank. Allahabad bank is also known as one of India’s Oldest Joint Stock Bank. These Presidency banks worked as quasi central banks in India for many years under British Rule. The Comptoire d’Escompte de Paris opened a branch in Calcutta in 1860.
    [Show full text]
  • Telegram @Dheeraj1882 Masters in Current Affairs 6.30 Am on All Week Days Telegram @Dheeraj1882
    Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 GENERAL AWARENESS AND CURRENT AFFAIRS सामाꅍय जाग셂कता तथा सामययकी Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 ग प्रणाली ﴂINDIAN BANKING SYSTEM/भारतीय बℂयक 3 Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 HISTORICAL BACKGROUND • 1865:- Allahabad Bank was established. (Oldest commercial bank in India.) • 1865: - इलाहाबाद बℂक (भारत मᴂ सबसे परु ाना वाणिणयिक बℂक) • 1770:- Bank of Hindustan was established (First bank in India) (स्ु तान (भारत मᴂ पहला बℂक ﴂबℂक ऑफ़ णहद - :1770 • • Oudh Commercial Bank founded (1881). It was the first Limited Liability Bank managed by Indians. • अवध वाणिणयिक बℂक (1881) पहली बार सीणमत देिता वाला भारतीिों द्वारा णधत बℂक था।ﴂप्रब • Punjab National Bank was established in 1894 at Lahore. जाब नेशनल बℂक लाहौर मᴂ 1894 मᴂ स्थाणपत णकिा यिा था।ﴂप • Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 The Imperial Bank of India came into existence on 27th January, 1921. The three Presidency Banks were reorganized & amalgamated to form a single banking entity. It was subsequently transformed into State Bank of India in 1955. ििा 27 जनवरी, 1921 को अणस्तत्व मᴂ आिा। तीन ﴂीररिल बℂक ऑफ इण ﴂइप य इकाई बनाने के णलए पनु यषणित और समामेणलत ﴂप्रेसीिᴂसी बℂकों को एक बℂणक मᴂ बदल णदिा यिा। ﴂणकिा यिा था। बाद मᴂ इसे 1955 मᴂ स्टेट बℂक ऑफ इणििा Year/वर्ष Name of the Bank/बℂक का नाम यालﴂBank of Bengal/बℂक ऑफ ब 1809 1840 Bank of Bombay/बℂक ऑफ बॉ륍बे 1843 Bank of Madras/बℂक ऑफ मद्रास Masters in Current Affairs 6.30 am on all Week Days Telegram @dheeraj1882 • 1955- Imperial Bank was taken over by RBI and renamed as SBI.
    [Show full text]
  • EVOLUTION of SBI the Origin of the State Bank of India Goes Back to the First Decade of the Nineteenth Century with the Establis
    EVOLUTION OF SBI [Print Page] The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernise India's economy. Their evolution was, however, shaped by ideas culled from similar developments in Europe and England, and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework. Bank of Bengal H.O. Establishment The establishment of the Bank of Bengal marked the advent of limited liability, joint- stock banking in India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to issue notes, which would be accepted for payment of public revenues within a restricted geographical area.
    [Show full text]
  • I. State Bank of India
    COMPANY PROFILE I. STATE BANK OF INDIA OVERVIEW INTERNATIONAL PRESENCE HISTORY ASSOCIATE BANKS BRANCHES State Bank of India (SBI) (BSE: 500112, LSE: SBID) is the largest state- owned banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India. SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one- fifth of the nation's loans. SBI has tried to reduce over-staffing by computerizing operations and "golden handshake" schemes that led to a flight of its best and brightest managers.
    [Show full text]
  • Download a Mobile Wallet App on Our Phone NFC Contactless Payments
    1 ACKNOWLEDGMENT The incredible activity of Team All India Legal Forum is to give a stage to the scholars from all through the country to get their unique work distributed in type of diaries is outstanding. This volume has been capably arranged by the group and has advanced vital and most most important aspects comes under Banking Law in India, Evolution of Banking Law, Structure of RBI, DRAT, Lok Adalats under legal services authority act, Securitization, Dishonour of cheques, Banking Regulation Act Amendment Bill 2020 and many more. At the very end of our publication it inludes the Multiple Choice Questions to quickly learn and revise along with some fun corners to not to get bored. We praise all the understudy benefactors for their superb piece of work and our all the best for all your future undertakings. We guarantee all the perusers that this will add a ton to the information subsequent to perusing this ideal assemblage of examination on the most recent consuming of the country. Truth be told its for the lawful clique as well as for any individual who has an interest in field of law and to know Banking System in India. With Best Wishes Ms Mahimashree Kaur ALL INDIA LEGAL FORUM 2 FOREWORD More has been aforesaid regarding the writing of lawyers and judges than of the other cluster, except, of course, poets and novelists. The distinction is that whereas the latter has sometimes been loved for their writing, the general public has nearly always damned lawyers and judges for theirs. If this state of affairs has modified in recent times, it's solely therein several lawyers and judges have currently joined the rest of the globe is repining regarding the standard of legal prose.
    [Show full text]
  • Bank of Baroda, Canara Bank and Central Bank of India
    Banking in India Banking in India Originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India, a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India, which in 1935 formally took over these responsibilities from the then Imperial Bank of India, relegating it to commercial banking functions. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial banks; the government nationalized the six next largest in 1980. Currently, India has 96 scheduled commercial banks (SCBs) - 27 public sector banks (that is with the Government of India holding a stake), 31 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 38 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. According to a report by ICRA Limited, a rating agency, the public sector banks hold over 75 percent of total assets of the banking industry, with the private and foreign banks holding 18.2% and 6.5% respectively History Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786, and the Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal.
    [Show full text]
  • Evolution of SBI
    Evolution of SBI The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta, India on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernize India's economy. Their evolution was, however, shaped by ideas culled from similar developments in Europe and England, and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework. Establishment The establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to issue notes, which would be accepted for payment of public revenues within a restricted geographical area.
    [Show full text]
  • International Journal of Multidisciplinary Educational Research
    Volume 9, Issue 8(2), August 2020 International Journal of Multidisciplinary Educational Research Published by Sucharitha Publications Visakhapatnam Andhra Pradesh – India Email: [email protected] Website: www.ijmer.in Editorial Board Editor-in-Chief Dr.K. Victor Babu Associate Professor, Institute of Education Mettu University, Metu, Ethiopia EDITORIAL BOARD MEMBERS Prof. S. Mahendra Dev Prof. Igor Kondrashin Vice Chancellor The Member of The Russian Philosophical Indira Gandhi Institute of Development Society Research, Mumbai The Russian Humanist Society and Expert of The UNESCO, Moscow, Russia Prof.Y.C. Simhadri Vice Chancellor, Patna University Dr. Zoran Vujisiæ Former Director Rector Institute of Constitutional and Parliamentary St. Gregory Nazianzen Orthodox Institute Studies, New Delhi & Universidad Rural de Guatemala, GT, U.S.A Formerly Vice Chancellor of Benaras Hindu University, Andhra University Nagarjuna University, Patna University Prof.U.Shameem Department of Zoology Prof. (Dr.) Sohan Raj Tater Andhra University Visakhapatnam Former Vice Chancellor Singhania University, Rajasthan Dr. N.V.S.Suryanarayana Dept. of Education, A.U. Campus Prof.R.Siva Prasadh Vizianagaram IASE Andhra University - Visakhapatnam Dr. Kameswara Sharma YVR Asst. Professor Dr.V.Venkateswarlu Dept. of Zoology Assistant Professor Sri.Venkateswara College, Delhi University, Dept. of Sociology & Social Work Delhi Acharya Nagarjuna University, Guntur I Ketut Donder Prof. P.D.Satya Paul Depasar State Institute of Hindu Dharma Department of Anthropology Indonesia Andhra University – Visakhapatnam Prof. Roger Wiemers Prof. Josef HÖCHTL Professor of Education Department of Political Economy Lipscomb University, Nashville, USA University of Vienna, Vienna & Ex. Member of the Austrian Parliament Dr.Kattagani Ravinder Austria Lecturer in Political Science Govt. Degree College Prof.
    [Show full text]
  • Journal of Indian History and Culture ISSN: 0975 - 7805 JOURNAL OF
    Journal of Indian History and Culture ISSN: 0975 - 7805 JOURNAL OF INDIAN HISTORY AND CULTURE September 2019 Twenty Fifth Issue C.P. RAMASWAMI AIYAR INSTITUTE OF INDOLOGICAL RESEARCH (affiliated to the University of Madras) The C.P. Ramaswami Aiyar Foundation 1 Eldams Road, Chennai 600 018, INDIA Journal of Indian History and Culture Editor : Dr. G. J. Sudhakar Editorial Board Dr. Nanditha Krishna Dr. K.V. Raman Dr. V. Mohan Dr. G. Balaji Dr. V. Sandhiyalakshmi Published by Dr. Nanditha Krishna C.P.Ramaswami Aiyar Institute of Indological Research The C.P. Ramaswami Aiyar Foundation 1 Eldams Road Chennai 600 018 Tel : 2434 1778 E-Mail: [email protected] / [email protected] Website: www.cprfoundation.org Layout Design : R. Sathya Narayanan Subscription Rs. 150/- (for 1 issue) Rs. 290/- (for 2 issues) Journal of Indian History and Culture CONTENTS 1 Preservation and Conservation of Archival Materials at the Library of C. P. Ramaswami Aiyar Institute of Indological Research - Nanditha Krishna 1 2 Archaeological and Epigraphic evidence of early Vasudeva-Krishna worship - Meenakshi Jain 13 3 Early Icons of Agni - V. Sandiyalakshmi 31 4 Romance, Escape and Divine Rewards: Popularisatīon of Satī in Early India, as echoed in the Sanskrit Texts - Benudhar Patra & Punit 49 5 Sources for Early Āndhradēsa - D. Mercy Ratna Rani 65 6 Coinage in Ancient India – As Gleaned From Sanskrit Literature - V. Yamuna Devi 94 7 The Concept of Ardhanarisvara with special reference to Tamil Literature - T. Kausalya Kumari 104 Journal of Indian History and Culture 8 Advaita and Problems in Indian Metaphysics - Godabarisha Mishra 115 9 Colonial Despotism and British Judicial Intervention in the Bengal Presidency, 1772-1798 - Om Prakash 133 10 Porto Novo Iron Works- Retelling the Story of a Failed Industrial Enterprise of 19th Century Madras and its Impact - Dolly Thomas 157 11 Hisory of the New Architecture of Colonial Madras - G.
    [Show full text]