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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. -
Pioneer 3-3-2021
Volume 76, Issue 4 Wednesday, March 3, 2021 www.liupostpioneer.com Censorship in the Land Down Under: Facebook Bans News in Australia Students Outraged Over Work-Study Only Policies For Campus Jobs had 17 hours of work per week, after letting go so many budget which is the maximum for stu- students. dents. In September, Dr. Frye [the “I wanted a tutor [for a chem- professor I previously worked for] istry class]. It took until about was having a hard time re-hiring November or late-October, I want Facebook has been under scrutiny me, so I was still working solely to say, for someone to realize that in the media due to allegations that for my boss in education 17 hours they needed to hire people to be the company is suppressing free- a week. But sometime around tutors based on their qualifications dom of speech the beginning of October, we find rather than how little they could be pg 4 out that I’m not going to get paid paid. So, I finally got a chemistry because [the school] fired me back tutor about five weeks too late, and The Experience of Being Black at the beginning of the school year, I ended up dropping the class,” on Broadway and somehow failed to tell my Harris said. boss,” Harris said. Sophomore musical theatre ma- “It was very easy to convince jor BrayLynn Willis is also disap- them to pay me because it would pointed that the school no longer have been too obviously illegal hires students without work study. -
Gender & Society
~Draft: Schedule and Materials Subject to Revision~ GSWS 002: GENDER & SOCIETY Summer Session II July 1st-August 6th, 2021 Synchronous Zoom sessions will be held for conversation, review, and classroom community on Tuesdays and Thursdays, 9:00-11:00 am EST. All other course lectures, activities, and assessments will be asynchronous. Course Instructor: Alicia Meyer (she/her) Email: [email protected] Office Hours: by appointment via Zoom, chat session, or phone Course Description: This course will introduce students to the ways in which sex, gender, and sexuality mark our bodies, influence our perceptions of self and others, organize families and work like, delimit opportunities for individuals and groups of people, as well as impact the terms of local and transnational economic exchange. We will explore the ways in which sex, gender, and sexuality work with other markers of difference and social status such as race, age, nationality, and ability to further demarcate possibilities, freedoms, choices, and opportunities available to people. Required Texts: All reading assignments will be PDFs or other forms of electronic media made available through Canvas. There are several films and clips that we will watch that are available through Canvas and Van Pelt Library. Assignments and Evaluation: Attendance and Participation: 30% Attendance is required. If you need to miss a class, please reach out to me beforehand. You are permitted to take one absence, but, because this is an accelerated course, any further absences will result in a deduction of your final grade. If you have difficulties or are in a unique situation regarding time-zones, travel, quarantine, caregiving, work, or other challenges, please reach out to me ASAP so that we can create a plan together that will allow you to participate in the class. -
Television Academy Awards
2021 Primetime Emmy® Awards Ballot Outstanding Music Composition For A Series (Original Dramatic Score) The Alienist: Angel Of Darkness Belly Of The Beast After the horrific murder of a Lying-In Hospital employee, the team are now hot on the heels of the murderer. Sara enlists the help of Joanna to tail their prime suspect. Sara, Kreizler and Moore try and put the pieces together. Bobby Krlic, Composer All Creatures Great And Small (MASTERPIECE) Episode 1 James Herriot interviews for a job with harried Yorkshire veterinarian Siegfried Farnon. His first day is full of surprises. Alexandra Harwood, Composer American Dad! 300 It’s the 300th episode of American Dad! The Smiths reminisce about the funniest thing that has ever happened to them in order to complete the application for a TV gameshow. Walter Murphy, Composer American Dad! The Last Ride Of The Dodge City Rambler The Smiths take the Dodge City Rambler train to visit Francine’s Aunt Karen in Dodge City, Kansas. Joel McNeely, Composer American Gods Conscience Of The King Despite his past following him to Lakeside, Shadow makes himself at home and builds relationships with the town’s residents. Laura and Salim continue to hunt for Wednesday, who attempts one final gambit to win over Demeter. Andrew Lockington, Composer Archer Best Friends Archer is head over heels for his new valet, Aleister. Will Archer do Aleister’s recommended rehabilitation exercises or just eat himself to death? JG Thirwell, Composer Away Go As the mission launches, Emma finds her mettle as commander tested by an onboard accident, a divided crew and a family emergency back on Earth. -
Adam F. Streisand
Adam F. Streisand Partner T: +1.310.228.3727 1901 Avenue of the Stars F: +1.310.228.3919 Suite 1600 [email protected] Los Angeles, CA 90067 "Adam Streisand is widely regarded as one of the nation's top trial attorneys, particularly in high profile litigation involving private wealth disputes, fiduciary litigation, business succession and partnership disputes and litigation involving trusts, estates and conservatorships" (Los Angeles Business Journal, "Top Litigators", August 13, 2018). Mr. Streisand was named U.S. Trusts and Estates Litigator of the Year in 2019 by Chambers HNW. Mr. Streisand is best known for his victories in courtroom battles over celebrity estates and, as Bill Plaschke of the Los Angeles Times wrote: "Streisand was the lawyer who … rescued both local NBA teams." Mr. Streisand’s trial victory for former Microsoft CEO Steve Ballmer against Donald Sterling resulted in Ballmer’s $2 billion purchase of the Los Angeles Clippers. But, as the Los Angeles Daily Journal explained, what captured the legal world completely by surprise was his "particularly adept legal gambit involving a rarely invoked clause of California’s probate code" that made it all happen. As the Los Angeles Times noted, two years later, “Adam Streisand carried the future of the Lakers into Room 629 at the Stanley Mosk Courthouse in downtown Los Angeles. The veteran attorney is no stranger to high profile cases…. In a very real way, he [was] being asked to save the Lakers." As ESPN reported, “Jeanie Buss and her lawyer Adam Streisand won a decisive legal victory to prevent a coup attempt.” The accolades for Mr. -
Axis Direct Sign Up
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NIFTY Bank Index Comprises of the Most Liquid and Large Indian Banking Stocks
September 30, 2021 The NIFTY Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE). NIFTY Bank Index is computed using free float market capitalization method. NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products. Index Variant: NIFTY Bank Total Returns Index. Portfolio Characteristics Index Since Methodology Periodic Capped Free Float QTD YTD 1 Year 5 Years Returns (%) Inception No. of Constituents 12 Price Return 7.63 19.71 74.46 14.18 18.11 Launch Date September 15, 2003 Total Return 7.76 20.13 75.09 14.60 19.75 Base Date January 01, 2000 Since Statistics ## 1 Year 5 Years Base Value 1000 Inception Calculation Frequency Real-Time Std. Deviation * 24.94 25.19 29.89 Index Rebalancing Semi-Annually Beta (NIFTY 50) 1.40 1.24 1.09 Correlation (NIFTY 50) 0.86 0.90 0.83 1 Year Performance Comparison of Sector Indices Fundamentals P/E P/B Dividend Yield 24.32 2.81 0.33 Top constituents by weightage Company’s Name Weight(%) HDFC Bank Ltd. 28.02 ICICI Bank Ltd. 20.92 State Bank of India 13.03 Kotak Mahindra Bank Ltd. 12.67 Axis Bank Ltd. 12.36 IndusInd Bank Ltd. 5.30 AU Small Finance Bank Ltd. 2.01 Bandhan Bank Ltd. -
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. -
Commission and Expenses Paid to The
Disclosure of Commission & Expenses paid to the distributors and Additional Disclosures for the period 01 April 2017 - 31 March 2018 Total Amount Ratio of AUM to gross inflows paid Gross Inflows Distributor is an Associate or Group company Net Inflows (in Average Asset (AUM as on 31 Mar 2018 / Gross Sr. No. ARN-CODE Name of the ARN Holder (Rs. in lakhs) (in Lakhs) of the sponsor(s) of the mutual fund Lakhs) (in Lakhs) Inflows for FY ) 1 ARN-0001 BNP Paribas 0.04 0.15 No -0.38 6.39 42.20 2 ARN-0002 JM Financial Services Limited 16.92 88,627.74 No -13,299.72 20,452.64 0.09 3 ARN-0003 Aditya Birla Money Mart Ltd 15.27 0.00 No 0.00 0.00 0.00 4 ARN-0004 Cholamandalam Distribution Services Limited 3.14 0.00 No 0.00 0.00 0.00 5 ARN-0005 HDFC Bank Limited 205.69 39,045.29 No -7,375.18 19,663.43 0.43 6 ARN-0006 SKP Securities Limited 2.58 96.53 No 48.25 258.04 2.94 7 ARN-0007 SPA Capital Services Limited 4.77 57,820.47 No -30.43 1,650.85 0.01 8 ARN-0009 Way2Wealth Securities Private Limited 4.14 153.15 No -165.53 742.12 4.25 9 ARN-0010 Bajaj Capital Ltd. 60.35 10,810.71 No -7,352.45 7,626.70 0.42 10 ARN-0011 SBICAP Securities Limited 0.60 25.43 No 4.66 89.48 3.70 11 ARN-0014 Shubhangi Gopal Pai 0.29 0.36 No -2.25 29.88 80.22 12 ARN-0016 Bluechip Corporate Investment Centre Ltd 10.58 104.58 No -195.36 1,712.89 15.12 13 ARN-0017 Stock Holding Corporation of India Limited 0.94 11.88 No -12.89 139.90 11.04 14 ARN-0018 Karvy Stock Broking Limited 30.85 925.33 No -577.27 4,841.93 4.83 15 ARN-0019 Axis Bank Limited 6.13 17,823.57 No -379.29 1,617.19 0.08 16 ARN-0020 ICICI Bank Limited 11.77 288.12 No -559.83 2,285.47 7.34 17 ARN-0021 Tata Securities Limited 3.77 503,781.87 No -525.82 8,050.92 0.00 18 ARN-0022 Hongkong & Shanghai Banking Corporation Ltd.