Page 151 - Demo

STATUTORY REPORTS
E. Issue of Debentures, Bonds or any Non-Convertible Securities or Warrants
During the financial year ended March 31, 2020, the Bank has neither issued any debenture, bonds, non- convertible securities nor any warrants.
F. Promoter’s Stake Dilution
As per the SFB Licencing Guidelines shareholding of uFSl in the Bank has to be brought down to 40% within 5 (Five) years from the date of commencement of its business i.e, by January 31, 2022.
Accordingly, Bank has constituted a focussed Board level Committee in the name of Promoter Shareholding Dilution Committee for taking all necessary steps to comply with the SFB Licencing Guidelines.
creDit rating
caPital aDequacy
The CRAR of the Bank has been calculated on the basis of Basel II guidelines. The CRAR of the Bank as on March 31, 2020 using RWA for credit risk exposures, as required under the operating guidelines of RBI for Small Finance Banks, stood at ~29% as against the minimum capital adequacy requirements of 15%.
the Bank is subject to the Basel II Capital Adequacy guidelines (nCAF) stipulated by RBI. the CRAR of the Bank is calculated as per the standardised approach for Credit Risk.
Credit ratings assigned to various instruments of the Bank during the financial year ended March 31, 2020.
Instrument Name
Name of Credit Rating Agency
Amount (`in Crores)
rating
Date of credit rating
Revision in the credit rating
Fund-based - LT-Term Loan
Fund-based-Long Term Certificate of Deposit
Short Term FD
Non-Convertible Debentures
Non-Convertible Debentures
CARE 72.75
CARE 1,386.31
CRISIL 2,500
CRISIL 3,000
CARE 60
CARE 40
CARE A+; Stable
CARE A+; Stable CRISIL A1+
CRISIL A1+
CARE A+; Stable CARE A+; Stable
12-04-2017
12-04-2017 30-03-2017
30-03-2017
12-04-2017
12-04-2017
30-08-2019
30-08-2019 28-02-2020
28-02-2020
-
-
the Bank has made timely redemption of the following non-Convertible Debentures (“nCD”) maturing during the financial year ended March 31, 2020.
Sr. no.
iSin
Description of NCD
Maturity date
Amount (`in Crores)
Debenture Trustee
1 2
total
Ine334l07076 Ine334l07100
Secured and Redeemable
Secured and Redeemable
July 30, 2019
May 28, 2019
A.
40 IDBI Trusteeship Ltd.
60 IDBI Trusteeship Ltd.
100 Appointments
ms. chitra k alai
Din: 03138604
Pursuant to the Loan Agreements between Small Industries Development Bank of India (“SIDBI”) and the Bank, SIDBI had appointed vide its letter dated May 09, 2019, Ms. Chitra K Alai as its nominee, not liable to retire by rotation, on the Board of the Bank vice Mr. Sanjay Jain w.e.f May 09, 2019.
The Board had noted her appointment in its meeting held on May 28, 2019.
mr. Sachin Bansal
Din: 02356346
The Board had appointed Mr. Sachin Bansal, in its meeting held on May 28, 2019, as an Additional Director (Independent) of the Bank w.e.f June 01, 2019 to hold office up to the date of 3rd Annual General Meeting of members of the Bank (“AGM”).
tranSfer Of unPaiD anD unclaimeD amOunt tO inveStOr eDucatiOn anD PrOtectiOn funD
Section 125 read with Section 124 of the Companies Act, 2013 requires that dividends that are not encashed/ claimed by the shareholders for a period of seven consecutive years, have to be transferred to the Investor Education and Protection Fund (IEPF).
Being the fourth financial year since incorporation, there were no amounts due for transfer to IEPF. Further, as on March 31, 2020, there is no shareholder who has not encashed/claimed the dividend amount and there is no unclaimed dividend amount lying with the Bank.
management
the Board was duly constituted during the financial year ended March 31, 2020 and the changes in the Board composition is as follows:
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