List of Unclaimed Dividend As on March 31, 2014 For
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Application Form for Debt Schemes
Application Form for Debt Schemes HDFC INCOME FUND l HDFC SHORT TERM PLAN l HDFC LIQUID FUND $ HDFC HIGH INTEREST FUND l HDFC FLOATING RATE INCOME FUND HDFC CASH MANAGEMENT FUND l HDFC GILT FUND CDQ Continuing a tradition of trust. Offer of Units At NAV Based Prices Investors must read the Key Information Memorandum and the instructions before completing this Form. KEY PARTNER / AGENT INFORMATION FOR OFFICE USE ONLY Name and AMFI Reg. No. (ARN) Sub Agent’s Name and Code Date of Receipt Folio No. Branch Trans. No. ISC Name & Stamp South Indian Bank ARN-3845 1. EXISTING UNIT HOLDER INFORMATION (If you have existing folio, please fill in your folio number, complete details in section 2 and proceed to section 6. Refer instruction 2). Folio No. The details in our records under the folio number mentioned alongside will apply for this application. 2. PAN AND KYC COMPLIANCE STATUS DETAILS (MANDATORY) PAN # (refer instruction 13) KYC Compliance Status** (if yes, attach proof) First / Sole Applicant / Guardian * Yes No Second Applicant Yes No Third Applicant Yes No *If the first/sole applicant is a Minor, then please state the details of Guardian. # Please attach PAN proof. If PAN is already validated, please don’t attach any proof. ** Refer instruction 15 3. STATUS (of First/Sole Applicant) MODE OF HOLDING OCCUPATION (of First/Sole Applicant) [Please tick (4)] [Please tick (4)] [Please tick (4)] Resident Individual NRI Partnership Trust Single Service Student Professional HUF AOP Company FIIs Joint Housewife Business Retired Minor through guardian BOI Body Corporate Anyone or Survivor Agriculture Society / Club Others _____________________ (please specify) Others ________________ (please specify) 4. -
Impact of Bank Mergers on Efficiency of Banks in India
International Journal of Education, Modern Management, Applied Science & Social Science (IJEMMASSS) 180 ISSN : 2581-9925, Impact Factor: 5.143, Volume 02, No. 03, July - September, 2020, pp.180-184 IMPACT OF BANK MERGERS ON EFFICIENCY OF BANKS IN INDIA Parminderjeet Kaur Kitti ABSTRACT This paper utilizes the non-parametric frontier approach, Data Envelopment Analysis (DEA), to analyze the technical and scale efficiency of HDFC and SBI bank during the merger year, pre-and post- merger period. For this purpose secondary data was collected from the RBI database. It is found that HDFC and SBI banks exhibited a commendable efficiency level from 2005 to2018 and thereby improving governance in these banks. Our results suggest that the merger program was successful for both HDFC and SBI banks, which have benefited from the merger and acquisition via economies of scale and simultaneously improving governance in these banks. Keywords: Efficiency, Merger and Acquisitions, Governance, Data Envelopment Analysis. ________________ Introduction Merger and acquisition is a major tool for an expansion of business in different countries. The researchers all over the world are taking keen interest to work in this field (Goyal & Joshi.2011) Minimization of cost and good financial planning are needed for the expansion of business of banks. All these initiatives are possible with the help of mergers and acquisitions. The banking sector being largest growing sector and the soundness of the banking sector is the key principle for the development of the country’s economy. The banks adopt the merger and acquisitions to meet these changing scenarios in the banks. The paper aims to analyse the effects of mergers and acquisitions on the efficiency of the State Bank of India and HDFC banks. -
Mergers and Acquisitions of Banks in Post-Reform India
SPECIAL ARTICLE Mergers and Acquisitions of Banks in Post-Reform India T R Bishnoi, Sofia Devi A major perspective of the Reserve Bank of India’s n the Reserve Bank of India’s (RBI) First Bi-monthly banking policy is to encourage competition, consolidate Monetary Policy Statement, 2014–15, Raghuram Rajan (2014) reviewed the progress on various developmental and restructure the system for financial stability. Mergers I programmes and also set out new regulatory measures. On and acquisitions have emerged as one of the common strengthening the banking structure, the second of “fi ve methods of consolidation, restructuring and pillars,” he mentioned the High Level Advisory Committee, strengthening of banks. There are several theoretical chaired by Bimal Jalan. The committee submitted its recom- mendations in February 2014 to RBI on the licensing of new justifications to analyse the M&A activities, like change in banks. RBI has started working on the framework for on-tap management, change in control, substantial acquisition, licensing as well as differentiated bank licences. “The intent is consolidation of the firms, merger or buyout of to expand the variety and effi ciency of players in the banking subsidiaries for size and efficiency, etc. The objective system while maintaining fi nancial stability. The Reserve Bank will also be open to banking mergers, provided competi- here is to examine the performance of banks after tion and stability are not compromised” (Rajan 2014). mergers. The hypothesis that there is no significant Mergers and acquisitions (M&A) have been one of the improvement after mergers is accepted in majority of measures of consolidation, restructuring and strengthening of cases—there are a few exceptions though. -
A Study on Merger of ICICI Bank and Bank of Rajasthan
SUMEDHA Journal of Management A Study on Merger of ICICI Bank and Bank of Rajasthan – Achini Ambika* Abstract The purpose of the present paper is to explore various reasons of merger of ICICI and Bank of Rajasthan. This includes various aspects of bank mergers. It also compares pre and post merger financial performance of merged banks with the help of financial parameters like, Credit to Deposit, Capital Adequacy and Return on Assets, Net Profit margin, Net worth, Ratio. Through literature Review it comes know that most of the work done high lightened the impact of merger and Acquisition on different companies. The data of Merger and Acquisitions since economic liberalization are collected for a set of various financial parameters. Paired T-test used for testing the statistical significance and this test is applied not only for ratio analysis but also effect of merger on the performance of banks. This performance being tested on the basis of two grounds i.e., Pre-merger and Post- merger. Finally the study indicates that the banks have been positively affected by the event of merger. Keywords : Mergers & Acquisition, Banking, Financial Performance, Financial Parameters. Introduction The main roles of Banks are Economics growth, Expansion of the economy and provide funds for investment. The Indian banking sector can be divided into two eras, the liberalization era and the post liberalization era. In the pre liberalization era government of India nationalized 14 banks as 19th July 1965 and later on 6 more commercial Banks were nationalized as 15th April 1980. In the year 1993 government merged the new banks of India and Punjab National banks and this was the only merged between nationalized Banks after that the number of Nationalized Banks reduces from 20 to 19. -
The Indian Journal of Commerce
THE INDIAN JOURNAL OF COMMERCE Quarterly Publication of the Indian Commerce Association Vol. 62 No. 3 July-September 2009 Contents Capital Market Reforms and Investors’ Satisfaction: 1 A Study of Retail Investors of Punjab Neeraj Maini and Sanjeev Sharma Impact of Index Futures on Spot Market Volatility in India 14 P. Srinivasan Stock Price Decision of Indian Investors 23 Abdul Aziz Ansari and Samiran Jana Voluntary Amalgamations in Indian Banking Sector: 32 Valuation Practices and Adequacy of Swap Ratios Sony Kuriakose, M.S. Senam Raju and N.V. Narasimham External Commercial Borrowings by Indian Corporates 45 An End Use Analysis S. Aravanan and S. Manikandan Global Growth, Global Trade and Reduction in 51 Poverty-Inequality in India M. Ramachandra Gowda, E.A. Parameswara Gupta and V. Neethu Financial Exclusion to Inclusion – Do SHGs Help? 62 Evidences from North East India A.P. Pati Self Help Group - The Informal Institution for 73 Rural Empowerment: A Case Study of Rajsamand District I.V. Trivedi and Deepti Bhargava Performance Evaluation of Prime Minister’s Rozgar Yojana: 80 A Case Study of Manipur G.P. Prasain, M. Ibungomacha Singh and N. Sharat Singh Auto-rickshaw Transport Service 88 A Study in Bangalore City M. Ramachandra Gowda, C.R. Reddy and E.A. Parameswara Gupta Economic Evaluation of Special Economic Zones in India 95 K.B.D. Sobha Rani and B. Appa Rao Book Review 106 ISSN : 0019-512X THE INDIAN JOURNAL OF COMMERCE Quarterly Publication of the Indian Commerce Association Vol. 62 No. 3 July-September 2009 Neeraj Maini and Capital Market Reforms and Investors’ Sanjeev Sharma Satisfaction: A Study of Retail Investors of Punjab P. -
Current Affairs
CURRENT AFFAIRS Chapter 1 International and National Affairs 1 2 Financial Affairs 46 3 Political Affairs 58 4 Legal and Other Affairs 75 Lesson 1 INTERNATIONAL AND NATIONAL AFFAIRS 1 2 Current Affairs INTERNATIONAL MONETARY FUND The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability. Fast Facts • Membership : 189 countries • Headquarters : Washington, D.C. • Executive Board : 24 Directors each representing a single country or groups of countries • The largest borrowers : Argentina, Ukraine, Greece, Egypt • The largest precautionary loans : Mexico, Colombia, Morocco Primary aims of IMF to: • Promote international monetary cooperation; • Facilitate the expansion and balanced growth of international trade; • Promote exchange stability; • Assist in the establishment of a multilateral system of payments; and • Make resources available (with adequate safeguards) to members experiencing balance-of- payments difficulties. Current Affairs 3 IMF in News Economic recovery for India in 2020-21: IMF The International Monetary Fund, which sharply cut India's growth rate, has projected a recovery in 2020-21, as per the statement of IMF’s Chief Economist Gita Gopinath during the news conference in Davos for the release of the World Economic Outlook (WEO) update on January 20, 2020. -
Relationship Between Merger Announcement and Stock Returns: Evidence from Indian Banking”
“Relationship between merger announcement and stock returns: evidence from Indian banking” Muneesh Kumar AUTHORS Shalini Kumar Laurence PORTEU De La Morandiere Muneesh Kumar, Shalini Kumar and Laurence PORTEU De La Morandiere ARTICLE INFO (2011). Relationship between merger announcement and stock returns: evidence from Indian banking. Banks and Bank Systems, 6(4) RELEASED ON Wednesday, 08 February 2012 JOURNAL "Banks and Bank Systems" FOUNDER LLC “Consulting Publishing Company “Business Perspectives” NUMBER OF REFERENCES NUMBER OF FIGURES NUMBER OF TABLES 0 0 0 © The author(s) 2021. This publication is an open access article. businessperspectives.org Banks and Bank Systems, Volume 6, Issue 4, 2011 Muneesh Kumar (India), Shalini Kumar (India), Laurence Porteu de La Morandiere (France) Relationship between merger announcement and stock returns: evidence from Indian banking Abstract This paper examines the relationship between merger announcements with the stock returns in the Indian Banking during the period of 1999-2008. Using event study methodology, it attempts to ascertain whether the bidder banks experience significant abnormal returns during the post-announcement and pre-announcement periods. The results indicate that bidder banks may or may not experience any significant abnormal returns during the post-announcement period. No bank specific characteristics could explain the pattern of market reaction to merger announcements. How- ever, significant abnormal returns were observed in daily share prices in majority of the cases, during the pre- announcement period, indicating possibility of leakage of information in the market. Keywords: mergers in banks, merger announcement, consolidation in banking, market reaction, event study methodology, abnormal stock returns, pre-announcement, post-announcement, bidder banks, facilitated mergers, market driven mergers. -
Impact of Mergers & Acquisitions on Selected Banks
Conference Proceeding Published in International Journal of Trend in Research and Development (IJTRD), ISSN: 2394-9333, www.ijtrd.com Impact of Mergers & Acquisitions on Selected Banks Jyothi.L Asst. Professor, Kairalee Nikethan Golden Jubilee Degree College, Indiranagar, Bangalore, India Abstract: Banking sector plays very important role in every iii. To analysis the impact of Mergers & economy & is one of the fastest growing sectors in India. The Acquisitions on Selected Banks. competition is extreme & regardless of the challenge from the B. Research Tools global banks, domestic banks- both public & private sector. There are many indications that weak banks will merge will i. Secondary Data: Bank of Baroda’s, Vijaya Bank strong banks. Mergers & Acquisitions encourage banks to & Dena Bank past 5 financial year data gain global reach, better synergy, compete with global banks & collected, Debt Equity Ratio, Current Ratio, allow banks to acquire the Non-performing assets of weaker Asset Turnover Ratio, Net Profit Margin Ratio, banks. Through Mergers & Acquisitions, banks will get brand Net Operating Profit per share ratio, Non- names, new geographies, and correspondent product offerings performing assets. but also opportunities to cross sell to new accounts acquired by the other banks. The main objective of this paper is to assess C. Scope of the study the impact of merger & acquisition on the performance of i. The study is restricted to the impact of Bank of bank. This study is based on the secondary data collected from Baroda, Vijaya bank & Dena Bank. Magazines, Newspaper, journals etc. ii. The study is based on last four financial year data Keywords: Merger, Acquisitions, Banking sector, Growth of BOB, Vijaya Bank & Dena Bank. -
Government of India Ministry of Commerce & Industry Department
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated 09. 07. 2015 Trade Notice No. 07/2015 To 1. All IEC Holders 2. All EPCs / All Chambers of Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All RA’s of DGFT Subject: Operationalisation of online payments through debit / credit cards. In keeping with the Digital India vision of Hon'ble Prime Minister, and taking yet another crucial step towards paperless, online functioning in 24x7 environment, Directorate General of Foreign Trade has launched the facility of online payment of application fees through Credit/Debit cards and electronic fund transfer from 53 Banks (List annexed). 2. As a measure of Trade Facilitation and Ease of Doing Business, DGFT has already operationalised the facility of Online filing of various applications by the exporters/importers under the Foreign Trade Policy (2015-20). Early this year, DGFT also operationalised the facility of online submission of applications for issue of online Importer Exporter Code in digital format or e-IEC for exporters/importers. Now with the online payment facility being available from 53 banks, as well as through Credit and Debit cards, it would be possible to not only apply online for e-IEC and benefits under various schemes under Foreign Trade Policy but also make online payment of required application fee. 3. The charges applicable for using internet banking, debit/credit cards will be as follows: Transaction Visa / Master Card Credit card transaction: Processing 1.45% of payment amount per transaction. Charges Visa / Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction. -
A Case Study on Merger of Hdfc & Cbop Susha Sree
GSJ: Volume 7, Issue 12, December 2019 ISSN 2320-9186 1019 GSJ: Volume 7, Issue 12, December 2019, Online: ISSN 2320-9186 www.globalscientificjournal.com A CASE STUDY ON MERGER OF HDFC & CBOP SUSHA SREE MASTER OF BUSINESS ADMINISTRATION ABSTRACT This study examines the details of merger in between HDFC – CBOP banks. The primary objective of the merger is to achieve growth at the strategic level in terms of size and client base. The objective of the study is to determine the reasons for merger have been taken place in between the banks and also the benefits derived out of the merger. This study also includes analysis of banks performance with its different financial tools before and after its merger. This analysis has been shown with the help of line graphs. Data presented for the study is collected from secondary sources such as websites, articles and merger reports. The study shows that merger of these banks has gained a lot of improvements in its efficiency, expansion, performance. It has also been found that after merger there is no data exposed under the name of CBOP bank. The complete financial statements have been prepared under the name of HDFC bank only. The analysis also shows that the performance of HDFC bank in terms of EPS is high with comparison to other corporate firms. CHAPTER I - INTRODUCTION 1. DEFINITION OF BANK A bank is an authorized institution which accepts and lends money to individuals, corporate firms that who are in need of money. It accepts the general deposits from the individuals and at the same time borrows or lends money to people. -
Lending Policies of Dindigul District Central Co-Operative Bank Limited in Tamilnadu, India - a View N
International Journal of Research in Management, Economics & Commerce (Impact Factor: 4.604, ISSN 2250-057X, Volume 5 Issue 3, March 2015) Website: www.indusedu.org LENDING POLICIES OF DINDIGUL DISTRICT CENTRAL CO-OPERATIVE BANK LIMITED IN TAMILNADU, INDIA - A VIEW N. Selvaraj Assistant Professor of Commerce, Saraswathi Narayanan College, Madurai, Tamilnadu, India ABSTRACT Agriculture occupies a dominant position in the Indian economy. The well being of the people of India largely depends on the progress of agriculture. The co-operative credit has been recognised as the hope of the farmers to provide the basis of prosperity and the opportunity to meet the demand for funds. In the absence of adequate financial help, the farmers and agricultural labours are the ready victims of money lenders and indigenous bankers who charge exorbitant rates of interest. The Co-operative Banks are institutions established with the objectives to facilitate rural credit and to promote thrift and self help among the economically weaker sections of the society. So it is suggested to utilize the resources in more effective manner and also have a continuous profit planning to increase its profitability. To reduce overdues a large number of field staff is to be engaged for collection of dues. Keyword: co-operative credit, overdue, Co-efficient of variation, Co-operative Banks and lending. E-mail id:- [email protected] Page 1 International Journal of Research in Management, Economics & Commerce (Impact Factor: 4.604, ISSN 2250-057X, Volume 5 Issue 3, March 2015) Website: www.indusedu.org INTRODUCTION “Co-operative movement is one of the most fruitful ways of enlisting public co-operation on a mass scale in our planning and reconstruction activity” V.V. -
“Wealth Effects of Bank Mergers in India: a Study of Impact on Share Prices, Volatility and Liquidity”
“Wealth effects of bank mergers in India: a study of impact on share prices, volatility and liquidity” Muneesh Kumar AUTHORS Shalini Kumar Florent Deisting Muneesh Kumar, Shalini Kumar and Florent Deisting (2013). Wealth effects of ARTICLE INFO bank mergers in India: a study of impact on share prices, volatility and liquidity. Banks and Bank Systems, 8(1) RELEASED ON Tuesday, 30 April 2013 JOURNAL "Banks and Bank Systems" FOUNDER LLC “Consulting Publishing Company “Business Perspectives” NUMBER OF REFERENCES NUMBER OF FIGURES NUMBER OF TABLES 0 0 0 © The author(s) 2021. This publication is an open access article. businessperspectives.org Banks and Bank Systems, Volume 8, Issue 1, 2013 Muneesh Kumar (India), Shalini Kumar (India), Florent Deisting(France) Wealth effects of bank mergers in India: a study of impact on share prices, volatility and liquidity Abstract Mergers have the potential of possible value creation for various stakeholders, which in turn may affect their wealth. The wealth effect of merger may be noticed right from the time when the merger is announced, as share market would, generally react to such announcement affecting the stock characteristics of the company. The impact of such reaction has been a matter of concern and confusion particularly from the perspective of shareholder’s of bidder banks. The market reaction to merger announcement has primarily been examined in terms of impact on stock returns and very little attention has been paid to other stock characteristics. This paper examines the impact of merger announcements in Indian banking sector on shareholder’s wealth, focusing on three stock characteristics namely, stock returns, volatility and liquidity of the bidder banks.