WWW Eenadupratibha Net Pratibha OnlineDesk CA Eng Banking AP

Server Error in Application "IND.EENADU.
NET"
Internet Information Servi
HOME
2016 New ark Officials Urge Residents To Carry This With Them At All Times YuppTV
APRIL
BANKING - 2016 APRIL Diwali
Dhamaka
April 1
YuppTV European Investment Bank to loan 450 million for Lucknow Metro. Save Upto
The European Investment Bank will $200 On
Diwali give 450 million euros ($512 million) in
Yearly.
Dhamaka loan to India to finance the
Packages
construction of Lucknow's first 23
Watch Telugu TV km-long metro rail line and purchase a Starts From
Channels fleet of new trains. An agreement on the first tranche of the credit was signed in $159.99/Year
Online.Packages Brussels.
Starts From The loan represented the largest project financing by European Union's official YuppTV
$159.99/Year. bank, also the world's largest international public bank, in India since its engagement
yupptv.com in the country began more than 20 years ago and the most significant investment in
sustainable public transport outside Europe.
The 450 million euro ($512 million) long-term loan - expected to cover half of the
total project cost for the Lucknow Metro - will be used to finance the first metro line
in Lucknow, including both construction of the 23 km-long new metro line and a fleet
open in browser PRO version Are you a developer? Try out the HTML to PDF API pdfcrowd.com
of metro trains.
The line is the first part of a broader metro network planned for Lucknow, the
capital city of Uttar Pradesh. When it becomes operational, the new metro is
expected to increase the use of public transport from 10 per cent to an estimated 27
per cent in the city of three million people.
The EIB has supported long-term investment across India that has helped the
country harness renewable energy, strengthened industry and reduced carbon
emissions.
The loan agreement was signed by India's Ambassador to Belgium, Luxembourg and
the EU Manjeev Singh Puri and EIB Vice President for Asia Jonathan Taylor.
Banks adopt new rate formula.
Consumer loans today became cheaper with banks moving to a new way of setting
lending rates following RBI's diktat to ensure faster and effective transmission of its
policy rate cuts to borrowers.
A number of banks, including ICICI, Bank of India, IDBI joined their peers like SBI,
HDFC Bank and Axis Bank to make a shift to lending rates based on marginal cost of
funds.
Other banks that have adopted new methodology for calculating lending rates
include Kotak Mahindra Bank, Yes Bank and Oriental Bank of Commerce.
RBI had asked banks to price fixed rate loans of up to three years based on
marginal cost of funds from April 1.
The lending rate based on marginal cost of funds is lower than base rate in some
cases resulting in lower EMIs for borrowers. Most of the banks were deciding lending
rates based on their average cost of funds.
ICICI Bank has fixed lending rate of 9.10 per cent for three-month loan, 9.15 per
cent for six months and 9.20 per cent for one year loan. The base rate or the
minimum lending rate of ICICI Bank is 9.35 per cent.
Similarly, after implementing MCLR, Kotak Mahindra pegged lending rate at 9.60 per
cent for one-year loan and for 3 years at 9.65 per cent. Kotak Mahindra Bank has
fixed its base rate at 9.50 per cent.
April 2
State Bank of Hyderabad turns 75, business crosses Rs. 2.5 lakh crore.
As it enters the platinum jubilee year, State Bank of
Hyderabad (SBH), the erstwhile central bank of the Hyderabad
state, has crossed Rs. 2.5 lakh crore-mark in total business.
The bank has been growing at a CAGR of 14-16 per cent over
the years.
Long journey
The first branch of the bank was opened at Gunfoundry in 1942, and it managed
the Hyderabad currency, Osmania Sikka, and public debt, besides commercial banking.
It became a subsidiary of State Bank of India in 1959 and is now the largest
associate bank of SBI.
In the third quarter ended 2015, its operating profit grew 16.6 per cent over the
same period last year. However, the banks net profit came down on account of
higher provisions made as part of the early recognition of non-performing assets
(NPAs) as suggested by the RBI. The bank is expected to do well in the fourth
quarter on the recovery front.
Looking ahead
There is some uncertainty on the future of the SBH brand in the context of
consolidation of banks now being considered by the Centre. The key question is
whether SBH will be merged with its parent SBI.
SBH will officially celebrate its platinum jubilee. The bank has also launched a
special product named Platinum Deposit, which offers 7.95 per cent interest.
Equitas small finance bank will offer gold loans too.
Diversified financial services provider Equitas plans to
offer gold loans as an additional product when its
proposed small finance bank becomes operational.
Equitas is among the 10 successful applicants that
bagged in-principle nod from the RBI last year to launch small finance banks (SFBs).
The proposed SFB would offer gold loans primarily to customers in semi-urban and
rural areas.
Gold loans will be in addition to products, such as microfinance, used commercial
vehicle finance, housing loans, and micro and small enterprise finance that would be
offered by the proposed bank. There is huge potential in gold loans.
April 3
DCB Bank starts Indias first Aadhaar-based ATM.
In a first for any domestic bank, small-sized
lender DCB Bank has started an Aadhaar-based
ATM usage facility wherein a customer can
transact using his biometric details instead of the PIN.
DCB Bank started the first ATM in the country which operates using the Aadhaar
data. One can do a transaction without the card as well.
The user can key-in the 12-digit Aadhaar number or swipe the card at an
automatedteller machine(ATM) to start a transaction, but at the stage of confirming
the identity, it requires biometric details rather than the PIN.
All you have to do to authenticate is put your finger on the scanner. This is better
than PIN, which can be forgotten because of multiple bank accounts.Seeding the
bank account with the Aadhaar number will be essential before a customer can use
the facility.
The solution has been developed in-house and involves connecting up with the
Aadhaar server to authenticate the identity of the customer every time a transaction
is initiated.
Enrolments under Aadhaar are set to cross the 100 crore mark soon. The data is
being used for a slew of purposes like opening bank accounts and the government's
direct benefit transfer (DBT) scheme.
April 4
Karnataka Bank targets Rs. 1 lakh crore biz this fiscal.
Karnataka Bank has set a business turnover target of
Rs. 1 lakh crore, comprising deposits worth Rs. 58,500
crore and advances of Rs. 41,500 crore, for 2016-17.
The bank envisages an overall growth of 18.6 per
cent during the year.
The total business of the bank stood at Rs. 84,300 crore in 2015-16. This included
deposits worth Rs. 50,400 crore and advances of Rs. 33,900 crore. The bank intends
to open 40 branches, 225 ATMs and 100 e-lobbies/mini e-lobbies this fiscal. The bank
is also looking to roll out technology-based products
April 5
RBI cuts repo rate by 25 basis points to 6.5%.
The Reserve Bank of India (RBI) cut its policy interest rate by
an expected 25 basis points, bringing it to 6.5%, the lowest since
2011.
The RBI also introduced a host of measures to smoothen
liquidity supply so banks can lend to productive sectors. The cut
was broadly in line with expectations. However, the stock market
reacted negatively and the BSE index, Sensex, was down nearly 300 points.
Given weak private investment in the face of low capacity utilization, a reduction
in the policy rate by 0.25 per cent will help strengthen growth.
Rajan also took a host of measures on the liquidity front, starting with the
narrowing of the policy rate corridor to 0.50 per cent from the earlier 1 percentage
point, which resulted in the reverse repo rate - at which banks can park excess funds
with the RBI - being reset at 6 per cent.
Stating that the inflation objectives are closer to being realized and price-rise will
around the 5 per cent mark for the remainder of the fiscal.
RBI also retained its GDP growth forecast at 7.6 per cent, on the assumption of a
normal monsoon and a boost to consumption through the implementation of the
Seventh Pay panel recommendations.
The RBI also sees an impact of the seventh pay commission on inflation, at 100-
150 bps over the next two years.
The RBI retained the growth forecast of 7.6% in fiscal 2017. It also increased the
reverse repo rate by 25 basis points to 6% on account of new rate corridor and kept
the cash reserve ratio unchanged at 4%.
With inflation easing to 5.18% and a central budget that kept both borrowing and
spending in check, the RBI had room to make its first cut, thus resuming an easing
cycle that was in full swing last year.
Last year, the RBI had reduced the repo rate by 125 basis points (bps) in total,
but it had been frustrated by commercial banks' failure to pass on the full benefits of
the reduced rate to the wider economy.
April 6
YES Bank, IFC to lend $50 million to businesswomen.
IFC, a member of the World Bank Group, has
announced a $50 million loan to YES Bank to be used
exclusively for lending to women-owned businesses.
This project is part of the Women Entrepreneurs
Opportunity Facility (WEOF), the first-of-its-kind global facility dedicated to
expanding access to capital for approximately 100,000 women entrepreneurs.
WEOF was launched by IFC, through its Banking on Women program, and Goldman
Sachs 10,000 Women in 2014.
An estimated three million women-owned businesses in India employ over eight
million people. However, only about a quarter of them are able to get the finance
they need to grow and create jobs. The $50-million YES Bank loan aims to support
women in all 29 States and 7 Union Territories in India.
Women entrepreneurs have the potential to power growth and shape the Indian
economy, but the lack of access to finance is holding them back. This is something
our Banking on Women program is working to change, This facility demonstrates the
banks ability to partner with global institutions such as IFC and Goldman Sachs
10,000 Women to expand access to finance to the unbanked and underserved
populations.
April 7
Green bonds: PNB Housing Finance raises Rs. 500 crore from IFC.
PNB Housing Finance, the first housing finance
company to issue green bonds, has raised Rs. 500
crore from International Finance Corporation (IFC)
through this route.
The funds raised through the green bonds will be deployed for funding residential
projects based on recognized green building standards, including EDGE (certification
programme developed by the IFC).
The green bonds issued are secured non-convertible debentures with a coupon of
8.01 per cent payable semi-annually. The bonds are to be listed on the National
Stock Exchange.
This will give a further fillip to our intent to develop a committed green lending
practice in the sector for sustained growth of green loan portfolio.
The fund will be exclusively used to support investments in green energy efficient
buildings.
PNB Housing has pre-approved more than 62 green projects across Delhi-NCR,
Mumbai, Pune and Bengaluru, to name a few.
The retail exposure towards green buildings is already around Rs. 250 crore.
Nabard to conduct survey on financial inclusion.
With the Centres financial inclusion efforts gaining traction
across the country, the National Bank for Agriculture and Rural
Development (Nabard) has decided to conduct a mega financial
inclusion survey to capture the progress at the grassroots level.
The survey will cover 40,000 households spread across 29
States. Nabard has floated a request for proposal (RFP) to
empanel an agency towards this end.
The survey, among other aspects, will cover asset base and other farm household
characteristics; household expenditure on production and consumption; and financial
inclusion covering credit, savings, insurance, remittances, payments and pensions.
It will also seek feedback on availability of credit, intermediaries involved, terms
and cost of credit, and micro-finance related information.
The survey will add to the information provided by the National Sample Survey
Organization and help stakeholders to better target their financial inclusion drive. The
survey will be conducted once in three years.
Financial inclusion is aimed at providing access to the formal financial sector for
the marginalized and formal-finance deprived sections of society. The big push
towards financial inclusion in India has emanated from the Pradhan Mantri Jan Dhan
Yojana (PMJDY) launched in 2014 and the Jan Dhan-Aadhaar-Mobile (JAM) trinity.
April 8
Federal BankPhillip Capital Tie-Up Announced At Singapore.
Kerala based private sector lender Federal Bank, tied
up with Phillip Capital (India), a subsidiary of the
Singapore headquartered Phillip Capital group, for
managing the NRI Portfolio Investment Scheme (PIS).
PIS is a route designated by the Reserve Bank of India for Non-Resident Indians
(NRIs) and Persons of Indian Origin (PIOs) to invest in Indian Equity Markets for
purchase of shares and convertible debentures listed on registered stock exchanges
in India.
Phillip Capital is an integrated financial house with a global presence that offers a
full range of quality and innovative services to retail, corporate and institutional
customers.
The tie-up with its Indian subsidiary will thus be a significant value-add to the NRI
clientele of Federal Bank, particularly those in the non-Gulf cooperation council
countries, who can now avail PIS using the wide global network of Phillip Capital and
their experience and expertise in providing consistent and world-class customer
service.
SIDBI inks pact with LIC for fund-of-funds operations.
In a bid to boost the start-up ecosystem, Small
Industries Development Bank of India (SIDBI)
signed a Memorandum of Understanding (MoU)
with Life Insurance Corporation of India (LIC), for
supplementing the governments efforts under Fund-of-Fund operations for the
Venture Fund industry.
MoU terms
The MoU was executed with LIC to seek contributions to the corpus of MSME-
focused venture capital funds, along with SIDBI-managed India Aspiration Fund (IAF).
As part of its Fund-of-Fund operations, SIDBI has set up the IAF with a corpus of
Rs. 2,000 crore, pursuant to the budget announcement of 2015.
LIC will contribute up to 10 per cent of the fund size of the IAF.
Venture funds supported
SIDBI has supported 90 venture funds, including social venture funds such as
Samriddhi Fund (anchored by DFID, UK), Ankur Capital, as well as funds focused on
healthcare and agribusiness.
Start-ups that have benefitted out of SIDBIs direct and indirect initiatives include
Billdesk.com, Little Eye Labs, Wildcraft, Smaash Entertainment etc.
VCIC has so far cleared proposals for an aggregate commitment of around Rs.
1,400 crore to 38 venture capital funds.
The initiative will augment the sources of domestic capital to support venture
funds with focus on start-ups as currently most of the capital comes from
overseas, which could lead to volatility.
The Centre has set up a fund with an initial corpus of Rs. 2,500 crore and a total
corpus of Rs. 10,000 crore, over a period of four years.
April 9
State Bank of Hyderabad introduces MCLR.
State Bank of Hyderabad (SBH) has introduced Marginal Cost of Funds Based
Lending Rate (MCLR), as internal benchmark for lending, in place of the base rate in
line with the new RBI guidelines.
Accordingly, all rupee loans sanctioned and credit limit renewed with effect from
April 1, 2016, will be priced with reference to MCLR.
The new rates are in the range of 9.20 per cent interest to 9.65 per cent per
annum for varying periods.
Under this method, interest rates on advances are computed based on the
marginal cost of funds. According to the MCLR guidelines, the existing borrowers
under Base Rate/ BPLR regime will also have the option to move to MCLR-based
dispensation before full repayment/ renewal, on mutually acceptable terms. The
existing base rate is at 9.75 per cent and BPLR is at 14.90 per cent per annum.
April 10
Banks Board Bureau holds maiden meeting.
The maiden meeting of the Banks Board Bureau took place in Mumbai, with the
members familiarizing themselves about their roles relating to recommending selection
of heads of public sector banks and financial institutions, and helping banks develop
strategies, including consolidation and capital raising plans.
The autonomous Banks Board Bureau (BBB), which is headed by Vinod Rai, former
Comptroller and Auditor General of India, has three members and three ex-officio
members.
The Bureau has been set up by the government following the recommendation of
the Reserve Bank of India-appointed P.J. Nayak Committee to review governance of
boards of banks in India. It is housed in RBIs Central Office in Mumbai.
The Nayak Committee had recommended that the process of board appointments,
including appointments of whole-time directors, needs to be professionalized and a
three-phase process is envisaged.
In the first phase, until a Bank Investment Company (to which the government will
transfer its holdings in banks in the future) becomes operational, a BBB will advise on
all board appointments, including those of Chairmen and Executive Directors.
In the second phase this function would be undertaken by the Bank Investment
Company (BIC), which would also actively strive to professionalize bank boards. In
the third phase BIC would move several of its powers to the bank boards.
Board members
The members of BBB are: Anil K. Khandelwal, Former Chairman and Managing
Director of Bank of Baroda; H.N. Sinor, Former Joint Managing Director of ICICI Bank;
and Rupa Kudwa, Former MD and CEO of CRISIL.
Ex-officio members of BBB are: Anjuly Chib Duggal, Secretary, Department
Financial Services; Ameising Luikham, Secretary, Department of Public Enterprises;
and R Gandhi, Deputy Governor, RBI.
April 11
Bharti Airtel get payments bank licence from RBI.
Bharti Airtel (Airtel)s subsidiary Airtel M Commerce Services
Limited (AMSL) has been granted payments bank license from
Reserve Bank of India (RBI).
The company last year has filed an application for the
payments bank licence with the RBI, and had gotten Kotak
Mahindra Bank Limited (Kotak) as an investor.
Pursuant to Regulation 30 of Listing Regulation, company
pleased to inform you that AMSL, a subsidiary of Bharti Airtel
Limited has been granted payments bank license from RBI.
According to the agreements, Kotak had picked up 19.90 per cent stake in AMSL,
which amounts to around Rs. 98.38 crore (9.83 crore equity shares).
AMSL is a wholly owned subsidiary of Airtel which offers mobile money services
under the brand name Airtel Money which proposes to convert the existing pre-paid
payment instrument licence into a Payments Bank license as per the guidelines
prescribed by the RBI.
Airtel Money, launched in 2011 was the first mobile based pre-paid payment
instrument service in the country which today empowers millions across India to
leverage their mobile phones as a secure way for making payments and transferring
money.
The RBI guidelines provide an exciting and challenging opportunity for an entity like
us to contribute in a meaningful manner to drive financial inclusion.
AMSL was one of the 11 entities, including Aditya Birla Nuvo, Department of Posts,
Reliance Industries, Tech Mahindra and Vodafone m-pesa, which were granted
approval in August 2015 by the RBI for setting up payments banks.
April 12
Federal Bank launches campus wallet for students.
Federal Bank launched Campus Wallet, a student identity card integrated with
banking technology in tie-up with technology startup Chillar Payment Solutions.
Campus Wallet is a futuristic ID card that facilitates students to make small
payments within their school/ college campus without opening a bank account.
Parents can pre-load the desired amount to these cards using their debit/ credit
cards or through net banking by using Federal Banks payment gateway. Students
can make payments in stores, canteen, library etc. within the respective campuses
by flashing the Campus Wallet card at the special swiping machines installed at these
locations.
It aims at streamlining and easing the administrative tasks in school/
collegecampuses. Campus Wallet could well, help mitigate administrative hassles at
schools and colleges and encourage the use of new age payment solutions among
students at a young age.
Since students can use campus wallet only in their respective campuses, parents
can ensure control over spends using this card.
Chillar also provides a free app for parents with multiple features like result
updation, card recharge, spending pattern tracking, e-diary, leave application and
liaison with teachers.
Now 16 schools in the state of Kerala are our customers and around 14,000
students are using the Campus Wallet. The company has set a target to reach to 120
campuses by the end of this academic year covering 1.80 lakh students.
April 13
Unions demand revocation of all transfers, suspensions in IDBI Bank.
Bank employee unions have warned that a series of
suspensions and transfers of officers enforced in IDBI Bank,
following the recent strike, could trigger industry-wide
retaliation.
The All-India Bank Employees Association (AIBEA) and the
All-India Bank Officers Association (AIBOA) have put the
Managing Director and CEO of IDBI Bank on notice in this
regard.
Review decision
The latter has been requested to review and rescind the unwarranted actions of
the management in suspending and transferring up to 100 officers of IDBI Bank in
different parts of the country.
It was forced on them since conciliation efforts had failed to yield results. The
decision to go on strike had been duly conveyed to the management as required by
law. The entire trade union movement in the industry has opposed privatization of
public sector banks.
'Fundamental right'
Pradip Biswas, General Secretary, Bank Employees Federation of India (BEFI),
expressed disgust over the action of the IDBI Bank management. Officers of the bank
are fully and legitimately entitled to ventilate their grievances against government
decisions. This is a fundamental right guaranteed by the Constitution.
BEFI demanded the immediate and unconditional revocation of all vindictive
transfer/ suspension orders served on officers for legitimate exercise of their rights.
April 14
World Bank and AIIB Sign First Co-Financing Framework Agreement.
The World Bank and the Asian
Infrastructure Investment Bank
(AIIB) signed the first co-financing
framework agreement paving the
way for joint projects.
In 2016, the AIIB expects to approve about USD 1.2 billion in financing, with World
Bank joint projects anticipated to account for a sizable share.
As the worlds multilateral development banks collaborate ever more closely,
leveraging each others financing and expertise, the people who will benefit the most
will be the worlds poor.
Some 1.2 billion people in the world lack access to electricity and 2.4 billion people
dont have access to basic sanitation services.
The World Bank has invested USD 18.8 billion in infrastructure in the fiscal year
ending 2015.
Under the agreement, the World Bank will prepare and supervise the co-financed
projects in accordance with its policies and procedures in areas like procurement,
environment and social safeguards.
With authorized capital of USD 100 billion and subscribed capital of USD 50 billion,
the AIIB will invest in sectors including energy, transportation, urban construction
and logistics as well as education and healthcare. It is expected to advance
sustainable economic development and to improve infrastructure in Asia.
Banking body to focus on reviving PSB lending.
The key priority of the newly set up Banks Board Bureau (BBB) will be to restart
lending by state-run lenders.
The first priority is to kick start lending by public sector banks, without the fear of
bureaucratic overhang.
Gross non-performing assets of PSBs rose to Rs. 3.6 lakh crore by December end,
from Rs. 2.67 lakh crore at the end of 2015.
Capital consoloidation
While the BBB will also work on consolidation and capital infusion in banks, Rai
declined to give a timeline for the consolidation.
The work on consolidation will be taken up along with the restart of lending
activities. The BBB, which started working this year, held its first meeting in Mumbai.
Major priorities
The recapitalization and consolidation of public sector banks, stressed assets,
current vacancies and providing government support for improving their
competitiveness were some of the issues that were discussed.
Announced as part of the Centres Indradhanush plan for banking sector reforms,
the BBB is tasked with recommending top level appointments of directors and non-
executive Chairman at PSBs and suggesting ways of raising funds and addressing the
problem of stressed assets of these lenders.
April 15
Kotak Bank to keep savings a/c rate at 6%.
Despite falling interest rates, Kotak Mahindra
Bank has decided to retain its deposit rate of six
per cent on savings accounts (with deposits over
Rs. 1 lakh) for at least one year.
The bank is targeting a CASA ratio in excess of
40 per cent in the next 12-18 months. CASA ratio is the ratio of current account and
savings accounts deposits to total deposits expressed as a percentage.
The higher interest rate on savings accounts had helped the bank grow its savings
account deposits at over 35 per cent. Of this, the erstwhile ING Vysya Bank grew its
deposit base at about 30 per cent against nine per cent prior to merger and the old
Kotak Bank grew its deposits at 40 per cent.
The decision to keep deposit rates at six per cent was taken in anticipation of a
higher level of competition as there is likely to be a change in the structure of the
banking industry with the entry of payments banks and small finance bank, besides
rewarding savings bank depositors.
The banks dependence on wholesale deposits and term deposits also came down
as these savings accounts were sticky for all practical purposes.
RBI to impose stiff norms on banks intending to float ARCs.
Wary that they may take advantage of the Budget announcement allowing a
sponsor to fully own an asset reconstruction company (ARC), the Reserve Bank of
India is likely to impose stringent conditions on banks intending to float such
companies.
This is aimed at preventing banks from carrying out left pocket, right pocket
management of bad loans.
The central bank may seek suitable amendments to the Banking Regulation Act,
1949, to ensure that banks do not sell bad loans only to their own ARCs in their
eagerness to clean up the balance-sheet.
The regulator is expected to prescribe a cap on the bad loans a bank can sell to its
wholly-owned ARC and ensure an arms length relationship between the parent and
the subsidiary.
The possibility that a bank and its wholly-owned ARC subsidiary could cut asset
sale deals that are advantageous to the former could see the central bank seek
suitable amendments to the Act.
BRICS Bank Disburses $250 Million Loan For Renewable Energy Project To
Canara Bank.
India was among the first four countries to get a loan from the newly established
BRICS New Development Bank which gave a USD 250 million funding to Canara Bank
for a renewable energy project.
The China-based NDB has approved four green renewable energy projects from
India, China, Brazil and South Africa entailing Bank financing of USD 811 million.
The project from India entails provisioning of a multi-tranche loan of USD 250
million to Canara Bank for lending to renewable energy ventures.
The project will result in generation of 500 MWs of renewable energy and savings
of about 800,000 tonnes of carbon emissions.
New Development Bank sanctioned 4 loans including a loan of USD 250 million for a
renewable energy scheme in India. Good beginning.
The New Development Bank was formed by the BRICS (Brazil, Russia, India, China
and South Africa) leadership with the objective of funding infrastructure projects in
emerging economies and to meet the aspirations of hundreds of millions of people
through sustainable development.
The NDB which commenced operations in 2015 is headquartered in the eastern
Chinese metropolis Shanghai and its initial authorized capital is USD 100 billion.
April 16
FSS to provide UPI solution for 6 banks.
Financial Software & Systems Pvt. Ltd. (FSS), a
Chennai-based payments technology and
transaction processing company, has inked
agreements with six banks to provide UPI (Unified
Payment Interface) solution across the country on a hosted platform.
UPI facilitates easy and seamless person-to-person (P2P) and person-to-merchant
(P2M) transactions for end-customers.
UPI supported all transactions. Typically, it will see FSS develop custom-built UPI
app for each bank. A bank customer can download this app in his/her mobile devise,
register the account number and take a virtual address.
This virtual address is mapped to some identified parameters, UPI is an initiative
undertaken by National Payment Corporation of India (NCPI).
DCB Bank posts 10% rise in fourth quarter profit.
DCB Bank posted a 10 per cent rise in net profit at Rs. 70 crore for the fourth
quarter ended 2016, against a net profit of Rs. 63 crore.
For FY16, the bank clocked a net profit of Rs. 195 crore against Rs. 191 crore in
FY15.
The bank plans to add 600 employees in the current fiscal as against 1,000 added
last fiscal.
The bank has been investing a lot in customer facing technology, such as UPI and
Aadhaar-based ATMs.
For FY16, net advances grew 23 per cent y-o-y to Rs. 12,921 crore while deposits
grew 18 per cent to Rs. 14,926 crore.
The banks investment book grew over 9 per cent to Rs. 4,333 crore. Net interest
margin expanded 22 basis points to 3.94 per cent while its CASA ratio remained flat
at 23 per cent.
April 17
IBA agrees to look into pension revision for retirees.
There seems to be light at the end of the
tunnel finally for scores of retired bank employees.
The long pending demand for revision of
pension has finally come up for positive
examination by the Indian Banks Association (IBA).
From 1986, pension for retired bank employees has not been revised as there is no
practice of periodical revision of pension along with the Pay Commissions review of
pay scales being followed in the case of government employees.
There has also been no increase in the quantum of pension payable to family
members after the death of a serving or retired employee.
However, the United Federation of Bank Unions (UFBU) has been able to break the
ice in these matters.
A request for calculating uniform DA rate for those who retired prior to 2002 is also
being taken up. After 2002, employees/ pensioners get 100 per cent compensation
when prices go up.
The employee body has also asked the IBA to expedite the cost calculation as the
demands have been pending for quite a long time and the retired employees being
aged, need to be considered with sympathy and without undue delay.
The IBA has assured the union to expedite work in this regard.
The IBA has also agreed to take up with bank managements the problems faced in
reimbursement of health care costs/ health insurance issues.
There is no consolidated data on the number of pensioners and the IBA is in the
process of arriving at a figure shortly. There are about 11.50 lakh bank employees
with almost 50 per cent of them in clerical jobs. The number of retirements has gone
up by 2-4 per cent in the last five years and the trend is expected to continue for
the next three to four years.
April 18
Banks To Share All Transaction Details In Standard Format.
A standard format has been designed for banks to share transaction related details
with revenue intelligence and central security agencies looking into money laundering
and financial fraud cases.
This follows intelligence and probe agencies laying emphasis on a standardized
format for sharing of information by the banks, including those done through cheques.
The issue was first raised by the CBI which found that while investigating an
offence, bank were providing information in different formats making probe rather
difficult.
The Revenue Secretary asked the RBI to prevail upon IBA so that details of cheque
transactions may also be provided to law enforcement agencies in the prescribed
format.
Intelligence agencies need information from banks to probe cases of black money,
money laundering, disproportionate assets and banking frauds.
It makes task easier for forensic analysis and will be both time and cost effective.
Enforcement Directorate (ED) also emphasized that the details of cheque transaction
should also be provided by the banks in the prescribed format.
The banks were providing data in various file formats making it difficult for the
agencies to process and analyze the information. The processing of multi-format data
also results in wastage of manpower and time.
April 19
ICICI Bank open to investing in startups.
Countrys largest private sector lender ICICI Bank
is open to investing in startups in the financial
technology space even though it has not earmarked
a dedicated corpus for the investments.
The bank already works with startups either
individually or through incubators.
Its smaller rival, South-based Federal Bank announced a dedicated Rs 25 crore
fund to invest in startups.
When the government launched 'Startup India' initiative, a slew of lenders have
announced plans for startups, even as the most successful startups have seen an
erosion in valuations.
The lenders' initiatives revolve around having dedicated branches and products
with a focus on financial advisory for new-age entrepreneurs.
ICICI Bank is interested in technologies like big data and artificial intelligence,
which will help it serve customers better.
The bank declared winners of a mobile application developing contest and over
2,000 entries were received.
The top honour went to Bengaluru-based startup employee Mohit Talwadiya for his
'Conversational Banking' app which will help do banking with ease of conversations
based on natural language processing and artificial intelligence on multiple channels
like chat and speech.
LIC Housing Finance Q4 net rises 18.5%.
LIC Housing Finance has reported an 18.5 per cent
increase in its standalone net profit at Rs. 448 crore
for the fourth quarter ended, against Rs. 378 crore in
the year-ago period.
According to a regulatory filing for FY16, the
housing finance company logged a 20 per cent growth in standalone net profit at Rs.
1,661 crore (Rs. 1,386 crore in FY15).
The board recommended a dividend of Rs. 5.50 per equity share of Rs. 2 each for
financial year 2015-16. The dividend will be paid on or after August 20.
In the reporting quarter, the companys revenue from operations and other
operating income increased by 14.5 per cent and 28 per cent (year-on-year) to Rs.
3,206 crore and Rs. 41 crore, respectively.
Finance costs were up 11 per cent to Rs. 2,384 crore.
Shares of LIC Housing Finance ended 0.92 per cent higher at Rs. 485.20 on the
BSE.
April 20
RBL Bank opens dedicated branch for start-ups in Bengaluru.
RBL Bank announced the launch of an exclusive branch for
start-ups. RBL Bank will be the first private sector Bank to
open a specialized branch for start-ups offering a bouquet of
banking products to service the end-to-end needs of the
emerging entrepreneurial eco-system.
The branch will assist entrepreneurs in setting up new companies or enterprises
and offers a host of banking products including, foreign exchange services,
remittances and cash management. The Branch will also provide a range of value
added services including registration, legal and tax formalities etc. through its
affiliates and partners.
Nandan Nilekani, former chairman of the Unique Identification Authority of India,
inaugurated the branch.
Start-up avatar
The start-up bank is not merely a branch where entrepreneurs will walk up and ask
for a current account or a remittance and receivables, prepaid cards-based solutions,
escrow services, Universal Payment Interface, Aadhaar-Enabled Payment System and
Direct Money Transfer.
The bank is also focusing on industry-wise specialists in wholesale lending, e-
commerce and new-tech business. It has identified a team of 8-12 professionals in
the age profile of 32-34 years who are old enough to be domain experts and young
enough to engage with start-up founders.
The bank also provides mezzanine funding for start-ups through partners and
accelerator funds, up to Rs. 25 crore.
RBL Bank launched the India StartUp Club - a fast-track programme to support
early-stage companies with a basket of basic banking services to jumpstart their
operations - that already engages with 112 start-ups. This includes a green channel
for account setup, payroll services, cash management, trade and foreign exchange
service, escrow accounts, transaction banking solutions, customized debit cards, and
a dedicated hotline to address the 24x7 needs of these high-growth start-ups.
April 21
RBI cancels licence of three NBFCs.
The RBI has cancelled the certificate of registration of three non-banking financial
companies (NBFCs). Further, 10 NBFCs have surrendered the certificate of
registration granted to them.
The central bank has cancelled the certificate of registration of Shubh Leasing
(Chandigarh), Global Securities (Ahmedabad), and Amitosa Leasing & Finance
(Ulhasnagar, Thane).
These companies cannot transact the business of a non-banking financial
institution, The 10 NBFCs that surrendered their certificates include six from Mumbai -
Rupa Equities, Shekhar Holdings, Rahul Securities, Kamalnayan Investment & Trading,
Madhur Securities, and Niraj Holdings.
ICICI Venture to raise $500 million for fourth fund.
ICICI Venture Funds Management Co Ltd, the private equity arm of ICICI Bank,
intends to raise $500 million (about Rs. 3,300 crore) for its fourth fund. Separately,
the fund announced its first closure of $190 million.
The sector-agnostic fund - India Advantage Fund Series 4 (IAF4) - would typically
invest about $25-50 million in Indian companies.
It will invest only in India, and when it comes across good opportunities, adding
IAF4 started raising investments about six months ago.
April 22
SEBI working with central bank for common KYC.
In an effort to ease retail participation in the securities
market, regulator SEBI will pitch for a common KYC (Know Your
Customer) norm for banking and the capital markets. With this,
your bank KYC specification will soon be enough for you to
avail of other financial services, offered by securities market
intermediaries.
SEBI is collaborating actively with the RBI on this issue, and implementation of this
initiative will be done soon.
On the BSE, for instance, retail investors have been net sellers over the past five
years. In 2015, shares worth nearly Rs. 10,000 crore were offloaded by retail
participants. This, along with the high compliance cost, had forced 85 per cent of
brokers having capital between Rs. 1 crore and Rs. 10 crore to shut shop.
IndusInd Bank profit rises 25% in fourth quarter.
Healthy loan growth helped IndusInd
Bank clock a 25 per cent increase in net
profit at Rs. 620 crore in the fourth quarter
ended 2016, against Rs. 495 crore in the year-ago quarter.
The board of directors of the private sector bank has recommended dividend of Rs.
4.50 per equity share of Rs. 10 face value.
For the full year, the bank reported a 27 per cent growth in net profit at Rs. 2,286
crore (Rs. 1,794 crore in FY15).
The net interest income and other income were up 37 per cent and 31 per cent at
Rs. 1,268 crore (Rs. 925 crore in Q4 FY15) and Rs. 913 crore (Rs. 699 crore),
respectively.
Gross non-performing assets (NPAs) rose 38 per cent to Rs. 777 crore (Rs. 563
crore in the year-ago quarter). Net NPAs jumped 53 per cent to Rs. 322 crore (Rs.
210 crore).
Respite for banks as RBI allows some stressed loans to be reclassified.
The Reserve Bank of India did banks a good turn by allowing them to reclassify
some loan accounts, especially those facing delays in the date of commencement of
commercial operations, as performing or standard assets.
The loan reclassification, which will help save on the provisioning burden, couldnt
have come at a better time as they are in the midst of finalizing their annual financial
results.
This move is expected to have a salubrious impact on the fourth quarter financial
results of banks, especially from the public sector.
Following the reclassification of certain loan accounts, banks now would need to
set aside only 0.40 per cent (of the outstanding loan amount) as provision for a
standard loan, against 15 per cent for a bad loan.
Under its asset quality review (AQR), the RBI asked banks to ensure uniformity in
asset classification in the case of large loan accounts under multiple/ consortium
lending. It sought to correct the anomalous situation arising from the treatment of
loan accounts as standard by some banks and bad by others.
April 23
Banks Board Bureau to begin selection of top executives in PSBs soon.
The newly-constituted Banks Board Bureau will right away start working on
selection of managing directors and executive directors in public sector banks (PSBs).
Selection of senior management personnel to fill in existing and upcoming vacancies
in PSBs will be an immediate priority for the Bureau.
Selection process
In the coming weeks, the Bureau would have to conduct selection process for at
least three managing directors (falling vacant this year) and about 13 executive
directors in various PSBs.
Currently, there are public sector banks where the post of second executive
director or the third executive director (for certain big banks) has yet to be filled.
April 24
SBH to open 35 branches in Andhra Pradesh.
The State Bank of Hyderabad is planning to open 35 more branches in Andhra
Pradesh during the current financial year to increase its presence in the State.
The bank would open 125 more branches all over the country including 35 in AP.
Telangana and Andhra Pradesh are the most important States for us but we are
reaching out to other States as well. In Telangana, we are the lead bank and
therefore we have to open branches even in remote areas.
The credit offtake was none too encouraging during 2015-16.
The SBH was in the sixth position in disbursement of loans under the PMs Mudra
Yojana and the bank would also participate vigorously in the Stand-up India
campaign, with each branch giving loans to at least two women and SC/ST
entrepreneurs as stipulated in the range of Rs. 10 lakh to Rs. 1 crore for setting up
units.
April 25
Nabard lends Rs. 1,000 crore to HSWC for wheat procurement.
National Bank for Agriculture and Rural Development (Nabard) has sanctioned a
loan of Rs. 1,000 crore to Haryana State Warehousing Corporation (HSWC) for
purchase of wheat during the ongoing Rabi marketing season.
The (Rs. 1,000 crore) loan is going to help the corporation for payment of wheat
purchased from farmers in various mandis/ outlets in Haryana, in line with the
government's resolve to pay the farmers' dues at the earliest.
The objective of foodgrain procurement by the government agencies is to ensure
that farmers get remunerative price for their produce and do not have to resort to
distress sale and build buffer stocks.
The state government has authorized five agencies, namely Food and Supplies
Department, HAFED, Haryana Agro Industries Corporation, Food Corporation of India
and HSWC to procure wheat at minimum support price during the 2016-17 marketing
season.
The Haryana Food and Supplies Department expects around 75 lakh metric tonnes
of wheat in the current season.
The state is one of the major contributors to the country's central pool of
foodgrains.
During the 2015-16 kharif season, Nabard had disbursed an amount of Rs. 500
crore to the corporation for paddy procurement.
April 26
Peer-to-peer lending: RBI to consult SEBI before deciding on regulation.
Reserve Bank will shortly come up with a concept note on peer-to-peer (P2P)
lending and will take a decision on how to regulate the space.
At present, the space is unregulated but is considered to be the fastest growing
new form of lending. While encouraging innovations, the RBI cannot be oblivious to
the risk posed by such institutions to the system.
P2P companies work as online marketplaces that bring individual borrowers and
lenders onto one platform for loan transactions without the intervention of traditional
financial institutions such as banks and NBFCs.
The central bank would discuss with the Securities Exchange Board of India (SEBI)
regulating the space.
SEBI has come up with a discussion paper exploring the securities side of the
business, the RBI is yet to come up with its own discussion paper from the lending
and borrowing side.
Registration of NBFCs
The RBI is working on simplifying the registration process of NBFCs. The registration
process will soon be made completely online and the application documents for the
process will be made simpler.
The NBFC sector cannot be equal to the banking sector and the central banks
stance is to harmonise, not equalise the two. Totally exempting small NBFCs from
regulations may not be feasible from the customer service point of view.
But the central bank is also open to allow new kinds of NBFCs if the situation so
requires.
April 27
DBS Bank rolls out mobile-only bank in India.
DBS Bank launched a mobile-only bank in India.
The digibank uses technologies, such as
biometrics and artificial intelligence, to enable
paperless, signature-less and branchless bank.
The bank will leverage biometrics-enabled ID and
Aadhaar card to ensure that that there is no paperwork. It will provide customer
service via a 24x7 artificial intelligence-driven virtual assistant, which understands
natural language and has learning ability, so that it is able to respond in real-time.
The digital bank will also have an intuitive budget optimizer that will help customers
do their budgeting, track expenses and analyze purchasing trends. The function is
smart enough to understand customer behaviour and preferences, synthesise data,
and provide recommendations. It also has embedded soft token security, avoiding the
need to wait for SMS to arrive.
Account-holders will have no minimum balance requirements, earn 7 per cent
interest for accounts opened on digibank and can avail themselves of free cash
withdrawals at over 200,000 ATMs nationwide. The account will also provide a
physical debit card which can be used across all Visa-enabled online and point-of-
sale transactions, as well as overseas.
The bank is targeting five billion bank accounts in India with digibank and its wallet
services.DBS India accounts for around 5 per cent of the banks global book.
IDFC Bank logs Rs. 417 crore profit in Q4.
IDFC Bank has reported a net profit of Rs. 417
crore in the fourth quarter ended, 2016, even as its
bad loans jumped quarter-on-quarter. For the full
financial year, the new bank reported a net profit of
Rs. 467 crore.
The financial results of IDFC Bank cannot be compared with the quarter and year-
ago period as it commenced its banking operations.
The banks board has recommended a dividend of 2.5 per cent. In the reporting
quarter, net interest income and other income were at Rs. 417 crore and Rs. 138
crore, respectively. Gross non-performing assets rose from Rs. 1,462 crore as at
December-end 2015 to Rs. 3,058 crore.
IDFC Bank shares closed at Rs. 52.95 per share, up 2.02 per cent over the
previous close on the BSE.
April 28
First small finance bank begins operations.
Reserve Bank of India notified that Jalandhar-based Capital Small Finance Bank
commenced its operations as a small finance bank with effect from April 24. The RBI
issued a licence to the bank under Section 22(1) of the Banking Regulation Act, 1949,
to carry on the business of small finance bank (SFB) in India. It is the first SFB to
start banking operations. The Capital Small Finance Bank has been set up by
converting the erstwhile Capital Local Area Bank.
Capital Local Area Bank was one of the 10 applicants to be given in-principle
approval for setting up SFBs in 2015.
According to RBIs prudential norms for SFBs, Capital Small Finance Bank will be
required to extend 75 per cent of its adjusted net bank credit to the sectors eligible
for classification as priority sector lending. Further, at least 50 per cent of its loan
portfolio should constitute loans and advances of up to Rs. 25 lakh.
Karnataka Bank to focus on credit growth, NPA recovery this fiscal.
Karnataka Bank will focus on credit augmentation and recovery of bad loans in
2016-17.
There is a need to take vigorous action in 2016-17 to ensure all the business
targets are achieved on a quarterly basis in order to bounce back and convert the
current financial year into one of high growth.
In the process, there is a need to focus on credit augmentation and monitoring,
recovery of NPAs and increasing CASA (current account, savings account) deposits.
On the qualitative side, there is a need to strengthen the control mechanisms at all
levels to ensure adherence to quality parameters and improvement in operational
efficiency.
Digital banking
More thrust also needs to be given to take the digital banking initiative forward
during the current financial year.
Get gold loans online with Manappuram Finance.
Kerala-based NBFC Manappuram Finance has
launched online gold loans (OGL), allowing
customers with access to Net-enabled devices,
to get gold loans anytime and from anywhere.
However, borrowers have to make a visit to the companys branch to get their gold
ornaments appraised for purity and value. They will have to then hand over the gold
to the branch for which a receipt will be given.
Manappuram Finance will be responsible for the safe and secure storage of the
jewellery, like the locker facility offered by banks.
A credit limit of up to 75 per cent of the market value of the pledged gold
ornaments will be sanctioned as OGL, wherein the customers can withdraw the
amount using a smartphone, computer or other Internet-enabled devices. The loan
proceeds are instantaneously transferred to customers bank account.
The customer will also have the liberty to keep the pledged gold with the branches
after repayment of the existing loans to get finance later.
Lakshmi Vilas Bank net rises 22% in fourth quarter.
Lakshmi Vilas Bank has
reported a 22 per cent growth
in net profit for the quarter
ended 2016, as compared with the corresponding previous year quarter.
The bank reported a net profit of Rs. 49.07 crore (Rs. 40.07 crore in Q4 FY15) on
total income of Rs. 758.84 crore (Rs. 663.97 crore). Interest income grew to Rs.
666.33 crore (Rs. 570.94 crore).
For 2015-16, it announced a dividend of Rs. 3 (30 per cent) for every share of
face value Rs. 10.
The private sector bank sees the current year as one of consolidation. It will focus
on improving fee-based income, which are at moderate levels now, and cost-to-
income ratio, which needs to be reined in.
The 90-year-old bank has charted out a road-map for growth over the next 10
years. It will frame measures to add value to customer service and offer a wider
range of products and services. Retail and SME segments are its strongest suit.
It will grow its low-cost fund base, and focus on increasing its CASA (current
account, savings account) deposits and net interest income.
YES Bank Q4 net up 27%.
YES Bank logged a strong set of numbers in the fourth quarter of FY16, clocking a
27 per cent year-on-year (y-o-y) growth in net profit to Rs. 702 crore. The annual
net profit also grew 27 per cent to Rs. 2,539 crore.
Net interest income in the fourth quarter was up 27 per cent at Rs. 1,241 crore
and in the full fiscal it grew 31 per cent to Rs. 4,567 crore. This was on account of
growth in both advances and CASA (current account, savings account) deposits.
Net interest margin improved to 3.4 per cent in the reporting quarter from 3.2 per
cent in the year-ago quarter. Year-on-year, CASA (current account, savings
account) ratio improved to 28.1 per cent of total deposits from 23.1 per cent a year
ago. Deposits grew 22.5 per cent y-o-y to Rs. 1, 11,719.5 crore. Advances rose 30
per cent y-o-y to Rs. 98,209.9 crore. Of this, corporate advances constituted 65.1
per cent with the remaining accounted for by retail and business banking.
Return on equity for the year improved 90 basis points to 19.9 per cent.
YES Bank did not do any strategic debt restructuring or refinancing under the 5:25
scheme during FY16.
The banks headcount stood at 15,000 (net addition of 4,190 during the year).
April 29
Fund Raising by State Bank of India.
State Bank of India (SBI) has been allowed by the
Government to raise equity capital up to Rs. 15,000 crores by
way of FPO/ Right Issue/ ESPS/ ESOS/ QIP/ ADR/ GDR/ any
other mode or a combination of these.
In this regard, the shareholders approval was obtained n the
General Meeting of shareholders.
The Capital Adequacy Ratio for SBI, 2015 is 12.45% as against the RBI prescription
of 12.10% as, 2019 as per Basel III transitional arrangement. However, the additional
capital raised/to be raised will help the Bank for meeting credit growth.
NABARD partners with Germany for food security initiative.
National Bank for Agriculture and Rural Development (Nabard) has collaborated with
the German government for a special programme on 'Soil Protection and Rehabilitation
for Food Security'.
As part of the collaboration, Nabard is anchoring two major programmes soil
conservation and rehabilitation of degraded land for food security in Maharashtra and
Madhya Pradesh and innovation of watershed development for rehabilitation of
degraded soils and climate change adaptation in five states (Andhra Pradesh,
Telangana, Maharashtra, Gujarat and Rajasthan).
The programme is part of the German government's recently introduced special
initiative 'One World, No Hunger' on addressing the food security needs of countries.
India is the only country in Asia chosen for this initiative.
'One World, No Hunger' addresses areas such as food and nutrition security,
promotion of innovation, protection and sustainable use of natural resources in rural
areas and promotion of responsible land use and access to land.
SIDBI signs MoU with Saarc Development Fund.
Small Industries Development Bank of India (SIDBI) and Saarc Development Fund
(SDF) has entered into a Memorandum of Understanding (MOU) for mutual
cooperation and collaboration.
The MoU envisages SDF and SIDBI to work together in co-funding of projects in
Indian MSMEs on risk sharing basis in identified sectors, development of suitable
financial products for SME financing for MSMEs of other Saarc states.
The MoU also calls for technology transfer and making available software to MFIs
regarding loan tracking systems in other Saarc states and capacity development of
SDF/ SIDBI and SME funding institutions in SAARC countries.
April 30
Non-food bank credit up 9.1% in March: RBI.
Bankers seem to have put their shoulder to the wheel in extending loans in the
FY16. On a year-on-year (y-o-y) basis, non-food bank credit increased 9.1 per cent
in 2016 compared with 8.6 per cent in 2015.
According to RBI data, credit to agriculture and allied activities increased 15.3 per
cent in March 2016 compared with the increase of 15 per cent a year ago. Credit to
industry rose 2.7 per cent in 2016 against 5.6 per cent in 2015. The RBI noted that
credit growth continues to decelerate or decline for most sub-sectors, some of which
include petroleum, coal products, nuclear fuels, construction, infrastructure and food
processing.
Within industry, credit to micro, small and medium enterprises (MSMEs) declined
2.3 per cent compared with an increase of 9.1 per cent in 2015. Credit to medium
enterprises declined 7.8 per cent. Credit to large enterprises increased 4.2 per cent.
Services sector
Credit to the services sector increased 9.1 per cent in 2016 (5.7 per cent in 2015).
Within the services sector, credit to professional services and non-banking finance
companies jumped 23.9 per cent (6 per cent) and 13.2 per cent (6.1 per cent),
respectively. Credit to trade, including wholesale and retail, fell sharply to 4.2 per
cent from 12.2 per cent.
FIPB clears Axis Banks Rs. 12,900 crore proposal.
The Foreign
Investment Promotion
Board cleared five
foreign direct investment proposals worth Rs. 13,030 crore, including one by Axis
Bank for Rs. 12,900 crore.
FDI proposals of over Rs. 13,000 crore were recommended for approval. This shows
that the inflow of investments continues.
The largest proposal of those cleared was by private sector lender Axis Bank to
hike its foreign shareholding limit from 62 per cent to 74 per cent. The proposal
involves foreign investment worth Rs. 12,900 crore.
Under current norms, private banks can have a total foreign limit of 74 per cent, of
which the foreign institutional investment limit is 49 per cent.
In all, the FIPB agenda included 14 proposals.
The other proposals that were approved include those by pharma firms Wockhardt
and Aurobindo.
<--Back
Ushodaya Enterprises Private Limited 2015

Ushodaya Enterprises Private Limited 2015

WWW Eenadupratibha Net Pratibha OnlineDesk CA Eng Banking AP

Încărcat de

Informații document

Titlu original

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

WWW Eenadupratibha Net Pratibha OnlineDesk CA Eng Banking AP

Încărcat de

Drepturi de autor:

Formate disponibile

Server Error in Application "IND.EENADU.

Ushodaya Enterprises Private Limited 2015

S-ar putea să vă placă și