DOCSLIB.ORG

Central Bank of India

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Central Bank of India Private & Confidential – Not for Circulation This document is neither a prospectus nor a statement in lieu of prospectus but a Disclosure Document prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular no. LAD- NRO/GN/2008/13/127878 dated June 06, 2008 and its amendments CENTRAL BANK OF INDIA (A Government of India Undertaking) Constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 Head Office: Chandermukhi, Nariman Point, Mumbai 400 021 Tel: (022) 66387791 Fax: (022) 22043483 E-mail: [email protected]/ [email protected] Website: www.centralbankofindia.co.in DISCLOSURE DOCUMENT FOR PRIVATE PLACEMENT OF UNSECURED PERPETUAL TIER-I BONDS (SERIES II) IN THE NATURE OF PROMISSORY NOTES OF ` 10 LAKH EACH FOR CASH AT PAR AGGREGATING ` 200 CRORE WITH A GREENSHOE OPTION UPTO A MAXIMUM OF 300 CRORES (TOTAL AMOUNT NOT EXCEEDING 500 CRORES) REGISTRARS TO THE ISSUE TRUSTEE FOR THE BONDHOLDERS MCS Ltd. IDBI Trusteeship Services Ltd. Office No. 21/22 Registered Office Ground Floor, Asian Building, Ground Floor Kashiram Jamnadas Building 17, R Kamani Marg, Ballard Estate 5. P D Mello Road, Mumbai – 400001 (Ghadiyal Godi) Tel: (022) 40807000 Mumbai – 400009 Fax: 91-22-66311776/ 22625247 Phone: 022-23726252 -55 E-mail: [email protected] Fax: - 022-23726256 E-mail: [email protected] ARRANGERS TO THE ISSUE (IN ALPHABETIC ORDER) A. K. Capital Services Ltd. Darashaw & Co. (P) Ltd. ICICI Securities Primary ICICI Bank Ltd. 609, 6th Floor, Antriksh A-238, IInd Floor, Dealership Ltd. ICICI Bank Tower Bhawan Defence Coloney ICICI Tower, NBCC Place Bandra-Kurla Complex 22, Kasturba Gandhi Marg New Delhi-110024 Bhisham, Pitamah Marg Bandra (East) New Delhi – 110 001 Tel: (011)46008585-90 Pragati Vihar, Mumbai – 400 051 Tel: (011) 23739628 Fax: 91-11-24333401 New Delhi-110003 Tel: (022) 26531027 Fax: (011) 23739627 Tel: (011) 24390025 / 26 Fax: 91-22-26531063 Fax: 91-11-43560036 Kotak Mahindra Bank Ltd. Pioneer Investcorp Ltd. SBI Capital Markets Ltd. Standard Chartered Bank 2nd Floor Bhaktawar, 1216, 12th Floor, Maker 202, Maker Tower-E Cresenzo, 5th Floor, 229 Nariman Point Chamber V, Cuffe Parade C-38/39, G-Block, Mumbai 400021 Nariman Point, Mumbai – 400005 Behind MCA Club, Tel No: (022) 67836058 Mumbai - 400021 Tel: (022) 22178300 Bandra Kurla Complex, (022) 67836038 Tel : (022) 6618 6400/ 6618 Fax: 91-22-2218 8332 Bandra (E), Mumbai – 400 Fax No: (022)- 22885661 6633 051 Fax: 91-22- --------------------- Contact Number: +91 22 6115 8934 Fax: +91 22 6115 7700 Trust Investment Advisor YES Bank Ltd. (I) Pvt. Ltd. Nehru Centre, 9th Floor 1101, Naman Centre, Discovery of India G Block, C-31, Bandra Kurla Dr. A.B. Road, Worli Complex, Bandra (East) Mumbai - 400 018 Mumbai - 400051 Tel: (022) 66699219 Tel: (022) 40845000, Fax: (022) 66699018 Fax: 91-22-40845052 / 66 2 TABLE OF CONTENTS INDEX TITLE I. DEFINITIONS/ ABBREVIATIONS II. DISCLAIMER III. NAME AND ADDRESS OF HEAD OFFICE OF THE ISSUER IV. NAMES AND ADDRESSES OF THE DIRECTORS OF THE ISSUER BRIEF SUMMARY OF BUSINESS/ ACTIVITIES OF ISSUER AND ITS LINE OF V. BUSINESS BRIEF HISTORY OF ISSUER SINCE INCEPTION, DETAILS OF ACTIVITIES INCLUDING ANY REORGANIZATION, RECONSTRUCTION OR AMALGAMATION, CHANGES IN VI. CAPITAL STRUCTURE, (AUTHORIZED, ISSUED AND SUBSCRIBED) AND BORROWINGS VII. SUMMARY TERM SHEET TERMS OF OFFER (DETAILS OF DEBT SECURITIES PROPOSED TO BE ISSUED, MODE OF ISSUANCE, ISSUE SIZE, UTILIZATION OF ISSUE PROCEEDS, STOCK VIII. EXCHANGES WHERE SECURITIES ARE PROPOSED TO BE LISTED, REDEMPTION AMOUNT, PERIOD OF MATURITY, YIELD ON REDEMPTION, DISCOUNT AT WHICH OFFER IS MADE AND EFFECTIVE YIELD FOR INVESTOR) IX. CREDIT RATING & RATIONALE THEREOF X. NAME OF DEBENTURE TRUSTEE XI. STOCK EXCHANGES WHERE SECURITIES ARE PROPOSED TO BE LISTED DETAILS OF OTHER BORROWINGS (DETAILS DEBT SECURITIES ISSUED IN THE PAST, PARTICULARS OF DEBT SECURITIES ISSUED FOR CONSIDERATION OTHER XII. THAN CASH OR AT A PREMIUM OR DISCOUNT OR IN PURSUANCE OF AN OPTION, HIGHEST TEN HOLDERS OF EACH CLASS OR KIND OF SECURITIES, DEBT EQUITY RATIO) XIII. SERVICING BEHAVIOR ON EXISTING DEBT SECURITIES AND OTHER BORROWINGS XIV. UNDERTAKING REGARDING COMMON FORM OF TRANSFER XV. MATERIAL EVENT, DEVELOPMENT OR CHANGE AT THE TIME OF ISSUE XVI. PERMISSION / CONSENT FROM PRIOR CREDITORS MATERIAL CONTRACTS & AGREEMENTS INVOLVING FINANCIAL OBLIGATIONS OF XVII. THE ISSUER XVIII. DECLARATION XIX. ANNEXURES A. CREDIT RATING LETTER FROM CRISIL B. CREDIT RATING LETTER FROM BRICKWORK RATINGS C. CONSENT LETTER FROM IDBI TRUSTEESHIP SERVICES LTD. D. COPY OF IN-PRINCIPLE APPROVAL FROM BSE E.. APPLICATION FORM F. INSTRUCTION 3 DEFINITIONS/ ABBREVIATIONS ALM Asset Liability Management ATM Automated Teller Machine Board/ Board of The Board of Directors of Central Bank of India or Committee thereof Directors Bonds Unsecured Perpetual Tier I Bonds (Series II) in the nature of Promissory Notes of Rs. 10,00,000/- each offered through private placement route under the terms of this Disclosure Document Book Closure/ The date of closure of register of Bonds for payment of interest and repayment of principal (either on maturity or Record Date on exercise of Call Option) BSE BSE Limited.. CAR Capital Adequacy Ratio CRAR Capital to Risk Assets Ratio CAGR Compounded Annual Growth Rate CDSL Central Depository Services (India) Ltd. CDR Corporate Debt Restructuring CRR Cash Reserve Ratio Disclosure Document Disclosure Document dated September 25th , 2012 for Private Placement of Unsecured Perpetual Tier I Bonds (Series II) in the nature of Promissory Notes of Rs. 10,00,000/- each for cash at par aggregating ` 200 Crore with green shoe option upto a maximum of 300 crores (total amount not exceeding 500 Crores) to be issued by Central Bank of India Debt Securities Non-Convertible debt securities which create or acknowledge indebtedness and include debenture, bonds and such other securities of the Issuer, whether constituting a charge on the assets of the Issuer or not, but excludes security receipts and securitized debt instruments Depository A Depository registered with SEBI under the SEBI (Depositories and Participant) Regulations, 1996, as amended from time to time Depositories Act The Depositories Act, 1996, as amended from time to time Depository Participant A Depository participant as defined under Depositories Act DICGC Deposit Insurance and Credit Guarantee Corporation of India Director(s) Director(s) of Central Bank of India unless otherwise mentioned DP Depository Participant EPS Earnings Per Share FDI Foreign Direct Investment FEDAI Foreign Exchange Dealers Association of India FIs Financial Institutions FIIs Foreign Institutional Investors Financial Year/ FY Period of twelve months period ending March 31, of that particular year GoI Government of India/ Central Government HUF Hindu Undivided Family Trustee IDBI Trusteeship Services Ltd. I.T. Act The Income Tax Act, 1961, as amended from time to time CRISIL Credit Rating Information Services of India Limited MoF Ministry of Finance Listing Agreement Listing Agreement for Debt Securities issued by Securities and Exchange Board of India vide circular no. SEBI/IMD/BOND/1/2009/11/05 dated May 11, 2009 and Amendments to Simplified Debt Listing Agreement for Debt Securities issued by Securities and Exchange Board of India vide circular no. SEBI/IMD/DOF-1/BOND/Cir- 5/2009 dated November 26, 2009 and Amendments to Simplified Debt Listing Agreement for Debt Securities issued by Securities and Exchange Board of India vide circular no. SEBI/IMD/DOF-1/BOND/Cir-1/2010 dated January 07, 2010 NPAs Non Performing Assets NRIs Non Resident Indians NSDL National Securities Depository Ltd. CSDL Central Securities Depository Ltd. OCBs Overseas Corporate Bodies PAN Permanent Account Number PLR Prime Lending Rate INR Indian National Rupee RBI Reserve Bank of India RTGS Real Time Gross Settlement Registrar Registrar to the Issue, in this case being MCS Ltd. SARFAESI Act Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 SEBI The Securities and Exchange Board of India, constituted under the SEBI Act, 1992 SEBI Act Securities and Exchange Board of India Act, 1992, as amended from time to time SEBI Regulations Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide Circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008 SLR Statutory Liquidity Ratio TDS Tax Deducted at Source The Bank/ the Issuer Central Bank of India, constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 The Companies Act The Companies Act, 1956 as amended from time to time The Act The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 The Issue/ The Offer/ Private Placement of Unsecured Perpetual Tier I Bonds (Series II) in the nature of Promissory Private Placement Notes of Rs. 10,00,000/- each for cash at par aggregating to Rs. 200 Crore with green shoe option upto a maximum of 300 crores (total amount not exceeding 500 Crores) to be issued by Central Bank of India 4 II. DISCLAIMER GENERAL DISCLAIMER This Disclosure Document is neither a Prospectus nor a Statement in Lieu of Prospectus and is prepared in accordance with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide Circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008. This document does not constitute an offer to the public generally to subscribe for or otherwise acquire the Bonds to be issued by Central Bank of India (the “Issuer”/ the “Bank”/ the “Issuer Bank”). The document is for the exclusive use of the Institutions to whom it is delivered and it should not be circulated or distributed to third party(ies). The Bank certifies that the disclosures made in this document are generally adequate and are in conformity with the captioned SEBI Regulations. This requirement is to facilitate investors to take an informed decision for making investment in the proposed Issue.
Load more

Recommended publications
  • Capital Letter
    CAPITAL LETTER Volume 2 February 7,7, 20102010 IssueIssue 22 Greetings from FundsIndia! FundsIndia Equity Investment Platform! My name is Srikanth; I’m a director at FundsIndia. Thanks for taking the time out to read this February 2010 our monthly news letter. Over the last two issues, we have been teasing you with announcements about FundsIndia’s new equity investment platform. Well, it is now here! We have launched the equity investment platform which allows investors to invest in stocks in the National Stock Exchange. Importantly, it allows in- vestments in ETFs such as Gold and Index ETFs. The platform is built to provide an easy, relatively safe way for investors to get exposed to direct stock market. With an eye to providing investors a less risky way to invest in the stock market, we have consciously restricted margins and shorting in our platform—they both provide risky ways to make and lose money in the market that we are not comfortable offering them to our investors. To use the equity investment platform, our existing customers will need to fill a short form and request to open an equity trading and Demat account with us. As always, account opening is free of cost—even demat fees are waived till the second year! We sent out a brief email to our customers to let them know that we have launched it, and many of you have signed up for it. Thanks! Others—please let us know if you have any questions about this new platform. We are very excited about this, and think it really completes the investment picture for our customers! Happy Investing! Top MF schemes in FundsIndia (for January 2010) Equity schemes Debt Schemes Reliance Regular Savings—Equity Reliance FRF (G) IDFC Premier Equity—A Templeton India ST Income HDFC Top 200 UTI FRF—ST (G) SBI Magnum Contra UTI Mahila Unit scheme Sundaram BNPP Select Midcap Reliance MIP (QD) KYC Compliance made mandatory for all! In a recent circular, the collective bodies of mutual fund companies have decided to make it mandatory for mutual fund investors to be KYC compliant regardless of investment amount.
    [Show full text]
  • Terms and Conditions for the Icici Bank Indian Rupee Travel Card
    TERMS AND CONDITIONS FOR THE ICICI BANK INDIAN RUPEE TRAVEL CARD The following terms and conditions (“Terms and Conditions”) apply to the ICICI Bank Travel Card facility provided by ICICI Bank. For your own benefit and protection you should read these terms and conditions carefully before availing ICICI Bank Indian Rupee Travel Card. These are ICICI Bank’s standard terms and conditions on the basis of which it provides the ICICI Bank Indian Rupee Travel Card. If you do not understand any of the terms or conditions, please contact us for further information. Your use of the ICICI Bank Indian Rupee Travel Card will indicate your acceptance of these terms and conditions. ICICI Bank Indian Rupee Travel Card is issued by ICICI Bank and distributed by ICICI Bank UK PLC to the customers in the United Kingdom (UK). ICICI Bank Limited is incorporated in India and regulated by the Reserve Bank of India (RBI). ICICI Bank UK PLC is a 100% owned subsidiary of ICICI Bank Limited. ICICI Bank UK PLC’s role is solely to distribute the INR Travel Cards to individuals in the UK and assist in facilitating the documentation to initiate the relationship with ICICI Bank. Definitions In these Terms and Conditions, the following words have the meanings set out hereunder, unless the context indicates otherwise. “ICICI Bank Limited”, means ICICI Bank Limited, a company incorporated under the Companies Act. 1956 of India and licensed as a bank under the Banking Regulation Act, 1949 and having its registered office at Landmark, Race Course Circle, Vadodara 390 007, and its corporate office at ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400 051.
    [Show full text]
  • Girish Vasudeva N Koliyote
    AXIS/CO/CS/365/2020-21 9th November 2020 The Chief Manager (Listing & Compliance) The Senior General Manager (Listing) National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, New Trading Ring, Rotunda Building Plot No. C/1, “G” Block P. J. Towers, Dalal Street Bandra-Kurla Complex, Fort, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 NSE Code: AXISBANK BSE Code: 532215 Dear Sir(s), SUB: NOTICE OF POSTAL BALLOT Enclosed, please find a copy of Postal Ballot Notice dated 28th October 2020 together with the Explanatory Statement thereto, seeking approval of the Members of the Bank through Postal Ballot, for the following Special/Ordinary Resolutions: 1. Re-appointment of Smt. Ketaki Bhagwati (DIN 07367868) as an Independent Director of the Bank, for her second term of three (3) years with effect from 19th January 2021. 2. Appointment of Smt. Meena Ganesh (DIN: 00528252) as an Independent Director of the Bank, for a period of four (4) years with effect from 1st August 2020. 3. Appointment of Shri Gopalaraman Padmanabhan (DIN: 07130908) as an Independent Director of the Bank, for a period of four (4) years with effect from 28th October 2020. Please note that the Results of Postal Ballot will be declared not later than 48 hours of conclusion of voting through e-voting i.e. on or before 11th December 2020. You are requested to take note of above and arrange to bring it to the notice of all concerned. Thanking You. Yours sincerely, For Axis Bank Limited GIRISH Digitally signed by GIRISH VASUDEVAN VASUDEVA KOLIYOTE Date: 2020.11.09 N KOLIYOTE 15:30:12 +05'30' Girish V.
    [Show full text]
  • Kotak Mahindra Bank Strong Fundamentals, Positive Performance
    Kotak Mahindra Bank Strong fundamentals, Positive performance Powered by the Sharekhan 3R Research Philosophy Banks & Finance Sharekhan code: KOTAKBANK Result Update Update Stock 3R MATRIX + = - Summary Kotak Mahindra Bank (KMB) posted positive results for Q4FY2021, where while the Right Sector (RS) ü core operational performance was largely in-line, asset-quality performance was positive. Right Quality (RQ) ü Asset quality improved as KMB saw sequentially lower GNPA/NNPAs for Q4FY2021 at 3.25%/1.21% in Q4FY2021 as compared to 3.27%/1.24% levels in Q3FY2021 Right Valuation (RV) ü (proforma basis), with a q-o-q decline in SMA-2 accounts. The bank’s management commentary was positive, which is encouraging. KMB is + Positive = Neutral - Negative well capitalised, with low drag from NPAs and strong leadership, which we believe allows the right mix to the bank. What has changed in 3R MATRIX We maintain Buy on the stock with our SOTP-based PT of Rs. 2,130. Old New Kotak Mahindra Bank (KMB) posted positive results for Q4FY2021. The bank’s core operational performance was largely inline. Asset-quality performance enthused for the RS quarter. NII came at Rs. 3,842 crore, up 8% y-o-y and nearly flat on a q-o-q comparison, which was below expectations. PPOP stood at Rs. 3,407 crore, up 25% y-o-y and 17.4% q-o-q, which RQ was mainly helped by strong other income growth as the bank saw fee income to grow to Rs. 1,378 crore for Q4FY2021, up 8.5% y-o-y but up by ~23% q-o-q.
    [Show full text]
  • ICICI Bank Strong Performance, Attractive Franchise
    ICICI Bank Strong performance, attractive franchise Powered by the Sharekhan 3R Research Philosophy Banks & Finance Sharekhan code: ICICIBANK Result Update Update Stock 3R MATRIX + = - Summary Right Sector (RS) ü ICICI Bank posted strong Q4FY2021 results with core operational performance coming higher than expectations, lower-than-expected slippages and sequentially improving Right Quality (RQ) ü asset quality are key positives. GNPA/NNPA ratio improved to 4.96%/1.14% (versus pro forma GNPA/NNPA of 5.42%/1.26% Right Valuation (RV) ü in Q3FY2021) and watchlist book declined; management commentary was positive and indicated strong growth in FY2022E. = - + Positive Neutral Negative The bank is available at 2.4x/2.1x its FY2022E/FY2023E BVPS. The stock has corrected by ~16% from its highs, and we believe valuations are attractive. What has changed in 3R MATRIX We maintain Buy rating on the stock with a revised SOTP-based PT of Rs. 800. Old New ICICI Bank posted strong Q4FY2021 results with core operational performance coming higher than expectations, lower-than-expected slippages, and sequentially improving asset quality RS being key positives. The quarter saw core operating performance above expectations with NII growth at 16.8% y-o-y, led by recovery in loan growth and NIMs improving by 17 bps q-o-q RQ to 3.84%. Strong traction in advances growth was seen with domestic loan growth posting 18% y-o-y growth. Going forward, as the bank looks to build on growth with a focus on a well- RV rated book, pickup in advances, and opex/credit cost will be key support and positives.
    [Show full text]
  • Term Deposit Scheme
    NATIONAL HOUSING BANK (Wholly owned by Reserve Bank of India) NHB SUVRIDDHI (TAX SAVING) TERM DEPOSIT SCHEME Registrar to the Scheme : Collecting Banker : RCMC Share Registry Pvt. Ltd. IDBI Bank Ltd. B – 106, Sector 2, Noida Nodal Branch: CMS KG Marg Uttar Pradesh - 201301 Surya Kiran Building Email Id: [email protected], New Delhi - 110001 Telephone No. 0120-4015852 ( List of Collecting Branches is Fax No. 0120 - 2444346 given in the Application Form) Objectives NHB has been established to achieve, inter alia, the following objectives: a. To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system. b. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups. c. To augment resources for the sector and channelise them for housing. d. To make housing credit more affordable. e. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act. f. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country. g. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing. ________________________________________________________________________ Vision NHB ensures a sound and healthy Housing Finance System in India through effective regulation and supervision of housing finance institutions. As a financial institution NHB is known for its commitment, innovation and quality of service offering broad spectrum of financial product to address the needs of the housing sector with motivated employees working in a congenial and participative work environment.
    [Show full text]
  • Declaration on Anti-Money Laundering Compliance
    ANNEXURE - II STANDARD QUESTIONNAIRE / DECLARATION BY AXIS BANK ON AML/CFT/KYC COMPLIANCE NAME OF THE BANK: AXIS BANK LTD. HEAD OFFICE ADDRESS: Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400 025. MAIN BUSINESS ACTIVITIES : Retail and Corporate Banking WEBSITE ADDRESS: www.axisbank.com NAME OF REGULATORY The Reserve Bank of India (RBI) AUTHORITY : LICENSE NO & EXPIRY DATE: Current License issued on 02/08/2007 upon change of name from „UTI Bank Ltd‟ to‟ AXIS Bank Ltd‟. License Number: MUM: 76. No expiry date. REPORTING AUTHORITY: Financial Intelligence Unit-India ( FIU-IND ) NAME OF THE ACT ENACTED The Prevention of Money Laundering Act (PMLA), 2002 BY THE COUNTRY TO COMBAT MONEY LAUNDERING & TERRORIST FINANCING: OWNERSHIP/ MANAGEMENT a) Is your bank/ institution publicly owned? Yes Link appended b) Please provide a list of the executive and non-executive directors of the main Board of below * Directors. Link appended c) Please provide the names of major shareholders( i.e. shareholders holding more than 20 below ** % of the shares in the institution ) S Our further AML Measures Declaration N comments. 1 AML POLICY Our bank has in place policies and procedures to combat Money Laundering and Terrorist _ Financing as per guidelines issued by international and domestic regulatory authorities and law designed therein to combat money laundering. The same has been approved by our Board /Senior management. 2 KNOW YOUR a) Our bank has implemented systems for identification of our customers, including Know _ CUSTOMER Your Customer (KYC) documentation, customer information, information about business activities, normal and expected level of transactions and any other relevant information.
    [Show full text]
  • Reserve Bank of India Complaint Mail Id
    Reserve Bank Of India Complaint Mail Id UntuneableHumpiest and and errant luciferous Armando Rickey griddles always her bond wreckage half and hoggeries misallotted acierated his Hereward. and subtract ternately. Melvyn unmans orderly. Form part ii have complaints, reserve bank account, and id for. Pursuant to the notification of each Reserve state of India to rally for a. There are in international, reserve bank of india complaint mail id provided. Please be levied by banks are not getting on purpose of similar procedure for receiving a special event of done! At update time bound opening the accounts, banks should inform their customers in a sloppy manner the requirement of maintaining minimum balance and levying of charges, etc. Can reach you can easily start with you can always try to complaints for both of financial results in. Of India RBI in time matter in exchange of notes and coins and direct common standards of the services provided. Acceptance of individual cheques for transfer credit. Also arranged every month from you can print and id and full banking in accordance with for pin or reserve bank of india complaint mail id card also examine any penal action. Finally they should not come in bank of reserve india complaint with reference. List of Banking Ombudsman Offices in India Bank. Know longer return calls, support this mail id. The Insurance Times Group. Grievance Redressal Officer NHB National Housing Bank. But neither their product information to remain on place a bank of reserve india complaint. Reserve part of India? What is on next step in resolving complaints at reserve bank is.
    [Show full text]
  • Knowledge Page
    Knowledge Page Regulation of Credit Rating Agencies (CRAs) in India rising debt levels of IL&FS, and continued maintaining the rating assigned to IL&FS as AAA, indicating the highest level of creditworthiness. Introduction and Governance Following the default of IL&FS and its subsidiaries, contagion effect was witnessed in the entire NBFC space that led to an impairment in the Credit Rating Agencies (CRAs) assess creditworthiness of organizations demand for such issuers. This led to a sharp plunge in their share prices and rate their credit risk by analyzing their financial performance, level and discounted trade levels of their issuances, calling for heightened and type of debt, lending and borrowing history, ability to repay the debt, stringency in the norms followed by credit rating agencies to assess and the past debts of the entity into consideration. In India, CRAs are creditworthiness of the issuers. regulated as per the SEBI (Credit Rating Agencies) Regulations, 1999 which provide for eligibility criteria for registration of credit rating SEBI regulations on CRA’s | Proposed Changes agencies, monitoring and review of ratings, requirements for a proper rating process, avoidance of conflict of interest and inspection of rating In order to strengthen the regulatory practices governing CRA’s, SEBI has agencies by SEBI, amongst other matters. However, certain other issued the following detailed guidelines: regulatory agencies, such as the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA), and Pension Fund • Hike in the minimum net worth threshold for the rating agencies to INR Regulatory and Development Authority (PFRDA) also regulate certain 25 crore from the current level of INR 5 crore.
    [Show full text]
  • Partial List Ex Conference 20
    Artemis Health Institute Bharat Serums & Vaccines Carrier CP Milk & Food Products Discovery FCDO GlaxoSmithkline Henkel India Shelter Finance Corporation Kadtech Infraprojects LSEG MIND NIIT Paytm Money PT Bank BTPN RTI Shyam Spectra Stryker ThoughtWorks ValueMined Technologies Y-Axis Solutions Arth Group Bharti Axa Life Insurance Cars24 CP Plus Dksh FE fundinfo Glenmark Pharmaceuticals Herbalife Nutition IndiaMART Kaivalya Educatiion Foundation LTI MindTickle Nineleaps technology solutions PayU PT. Media Indra Buana Ruby Seven Studios Shyam Spectra STT Global Data Centres Thryve Digital Valuex Technologies Yamaha Motor Arvind Fashions Bhel Caterpillar CP Wholesale DLF Fedex GlobalEdge Here Technologies Indigo Kalpataru Luminous Power Technologies Mindtree Nippon Koei PCCPL PTC Network Rustomjee Sidel Successive Technologies Tierra Agrotech Varroc Engineering Yanbal Asahi India Glass BIC CDK Global CPI DMD ADVOCATES Ferns n Petals GlobalLogic Herman Miller Indmoney Kama Ayurveda Luthra Group MiQ Digital NISA Global PCS Publicis Media S P Setia Siemens Sulzer Pumps Tifc Varuna Group Yanmar TAKE A LOOK AT LIST OF Ashirvad Pipes Bidgely Technologies CEAT Creditas Solutions DP World Ferrero GMR Hero Indofil industries Kanishk Hospital Luxury Personified Mizuho Bank Nissan Peak Infrastructure Management PUMA Group S&P Global Sigma AVIT Infra Services Summit Digitel Infrastructure TIL Vastu Housing Finance Corpora- Yara COMPANIES WHO WILL JOIN Asian paints Bigtree Entertainment Celio Cremica Dr Reddy's Ferring Pharmaceuticals Godrej & Boyce
    [Show full text]
  • Office of the Chief Commissioner of CGST& Central Excise (Chandigarh Zone), Central Revenue Building, Sector 17-C Chandigarh
    / Office of the Chief Commissioner of Department of Excise and Taxation CGST& Central Excise Additional Town hall Building (Chandigarh Zone), Sector-17-C, UT Chandigarh Central Revenue Building, Sector 17-C Chandigarh-160017 Order 03/2017 Dated 20.12.2017 Subject: Division of Taxpayers base between the Central Government and Union Territory of Chandigarh In accordance with the guidelines issued by the GST Council Secretariat vide Circular No. 01/2017, issued vide F. No. 166/Cross Empowerment/GSTC/2017 dated 20.09.2017, with respect to the division of taxpayer base between the Central Government and Union Territory of Chandigarh to ensure single interface under GST, the State Level Committee comprising Ms. Manoranjan Kaur Virk, Chief Commissioner, Central Tax and Central Excise, Chandigarh Zone and Shri Ajit Balaji Joshi, Commissioner, Excise and Taxation Department, UT Chandigarh has hereby decided to assign the taxpayers registered in Union Territory of Chandigarh in the following manner: 1. Taxpayers with turnover above Rs l.S Crores. a) Taxpayers falling under the jurisdiction of the Centre (List of 2166 Taxpayers enclosed as Annexure- 'lA') SI. NO. Trade Name GSTIN 1 BANK OF BARODA 04AAACB1534F1ZE 2 INDIAN OVERSEAS BANK 04AAACI1223J2Z3 ---------- 2166 DASHMESH TRADING COMPANY 04AAAFD7732Q1Z7 b) Taxpayers falling under the jurisdiction of Union Territory of Chandigarh (List of 2162 Taxpayers enclosed as Annexure- 'lB') SI. NO. Trade Name GSTIN 1 IBM INDIA PRIVATE LIMITED 04AAACI4403L1ZW 2 INTERGLOBE AVIATION LIMITED 04AABCI2726B1ZA ---------- 2162 HARJINDER SINGH 04ABXPS8524P1ZK Taxpayers with Turnover less than Rs. 1.5 Crores a) Taxpayers falling under the jurisdiction of the Centre (List of 1629 Taxpayers enclosed as Annexure- '2A') 51.
    [Show full text]
  • RATING RATIONALE 23 November 2020 Darashaw
    RATING RATIONALE 23 November 2020 Darashaw Securities Private Limited Brickwork Ratings assigns ‘BWR A-/Stable‘ rating to the bank loan facilities of Rs. 200 Crs. of Darashaw Securities Private Limited Particulars: Amount (Rs. Facilities** Tenure Rating* Crs.) BWR A-/Stable (Assigned) Fund Based 200.00 Long Term Total 200.00 Rs. Two Hundred Crs. Only/- *Please refer to BWR website www.brickworkratings.com/ for the definition of the ratings ​ ​ ** Details of Bank Loan Facilities/NCD/Bonds/Commercial Paper are provided in Annexure-I&II RATING ACTION / OUTLOOK Brickwork Ratings (BWR) has assigned ‘BWR A-’Stable’ rating to Darashaw Securities Private Limited (DSPL or the company) factoring in the strong support from the parent company Darashaw & Company Private Limited (DCPL), the group’s long track record, experience of the promoters, its stable financial performance and moderate business risk profile. The rating is, however, constrained by the group’s impairment in investments and risk associated with market volatility. The Stable outlook indicates a low likelihood of a rating change over the medium term. BWR believes that DSPL’s business risk profile will be maintained over the medium term. ANALYTICAL APPROACH AND APPLICABLE RATING CRITERIA For arriving at its ratings, BWR has evaluated the risk profile of the Darashaw group on a consolidated basis and applied its rating methodology as detailed in the Rating Criteria below (hyperlinks provided at the end of this rationale). The consolidated financial includes financial performance of Darashaw & Company Private Limited, Darashaw Securities Private Limited and Darashaw & Company (Singapore) Pte Ltd www.brickworkratings.com Page 1 of 8 ​ ​ ​ KEY COVENANTS OF THE INSTRUMENT/FACILITY RATED: NA KEY RATING DRIVERS Credit Strengths: ● Strong support from the parent company, long track record of group: DSPL ​ being 100% owned by parent DCPL (a flagship company of the Darashaw group) gets strong support from the parent in terms of business generation as well as towards financial, operational and managerial support.
    [Show full text]