CENTRAL REGISTRY OF SECURITIZATION ASSET RECONSTRUCTION AND SECURITY INTEREST OF INDIA (CERSAI) Goa – 30.09.2015

GENESIS CERSAI is an electronic registry of encumbrances, available 24 x 7 on www.cersai.org.in It provides a platform for registration of mortgages created on immovable property by way of equitable mortgage. CERSAI was established on the recommendations of a Committee of Bankers under the aegis of Indian Banks’ Association to help Banks in averting frauds by way of multiple financing against the same property and has been operation from the 31st March, 2011. As on 31.08.2015 Total number of Banks/ FIs registering their records on CERSAI : 533 Total number of registrations done : 1,38,00,697 Total number of Users : 1,85,904

Top 10 Banks/HFCs in terms of Registration As on 31st August, 2015 Institution Name Count STATE BANK OF INDIA 2,315,614 HDFC LIMITED 1,671,317 LIC HOUSING FINANCE LIMITED 835,536 ICICI BANK LIMITED 632,523 AXIS BANK LTD. 454,535 PUNJAB NATIONAL BANK 437,570 UNION BANK OF INDIA 353,914 CANARA BANK 342,315 BANK OF INDIA 336,574 BANK OF BARODA 3,30,000 TOTAL 77,09,898

State Wise Registration (As on 31st August, 2015) Registration Count Maharashtra 2,281,198 Tamil Nadu 1,588,461 Andhra Pradesh 1,347,669 Uttar Pradesh 1,152,056 Kerala 1,129,114 Gujarat 1,082,478 Karnataka 1,053,080 Rajasthan 653,187 West Bengal 579,504 Madhya Pradesh 578,424 Punjab 508,221 Haryana 442,906 Delhi 256,597 Orissa 218,848 Chattisgarh 188,017 Bihar 148,530 Uttarakhand 147,597 Assam 96,097 Jharkhand 90,770 State Wise Registration Count Goa 56,221 Himachal Pradesh 53,900 Pondicherry 29,118 Chandigarh 23,909 Jammu and Kashmir 15,005 Tripura 12,508 Mizoram 11,985 Sikkim 10,999 Dadra and Nagar Haveli 9,345 Telangana 9,156 Manipur 8,322 Andaman and Nicobar Islands 5,181 Meghalaya 4,982 Daman and Diu 4,597 Nagaland 1,762 Lakshadweep 791 Arunachal Pradesh 162

Top Ten Banks/ HFCs in Terms of Registration in Goa Top Ten Banks/ HFCs in Terms of Registration in Goa (As on 28th Sept, 2015) Total No of Banks/ FIs registering mortgages on CERSAI – 112 Sr. No Institution Name Registration Count 1 STATE BANK OF INDIA 15521 2 BANK OF INDIA 4784 3 LIC HOUSING FINANCE LIMITED 3842 4 HDFC LIMITED 2782 5 CORPORATION BANK 2372 6 CANARA BANK 2316 7 SYNDICATE BANK 2285 8 BANK OF BARODA 1608 9 UNION BANK OF INDIA 1520 10 THE SARASWAT CO-OP. BANK LTD. 1474

Delayed Filing of Records – August, 2015 - Total Banks/ FIs which filed charges in August: 43 - Out of the above, 33 Banks/ FIs filed all their charges within the stipulated time - LIC Housing Finance Ltd (48), HDFC Ltd (38) Bank of India (36), Union Bank of India 22, The Goa Urban Cooperative Bank Ltd (21) , Central Bank of India (18), Oriental Bank of Commerce (17) and Bank of Maharashtra (15) are major Banks which filed all the records on time.

The Delayed Filing was mainly from: INSTITUTION NAME Normal Transactions Delay 30 – 60 Submitted For Govt. Approval Govt. Approved COUNT EXPIRED COUNT Submitted by Checker to CERSAI PENDING WITH CHECKER CANARA BANK 29 7 6 9 DENA BANK 1 IDBI BANK LIMITED 5 BANK OF INDIA 36 4 INDIAN OVERSEAS BANK 2 STATE BANK OF INDIA 84 VIJAYA BANK 14 CORPORATION BANK KOTAK MAHINDRA BANK LIMITED NKGSB CO OP BANK LTD 3

What is Required to be done by Lenders Ensure registration at CERSAI within 30 days of creation of charge. It would be in the interest of all stakeholders if registration is done as soon as mortgage is created. This will obviate possibility of any fraud. In case of condonation of delay beyond 60 days by Central Government ensure submission to CERSAI within the period stipulated. In case your bank is lead Bank in a consortium, add the names of other members of consortium to enable them to file their charge.

Ensure to satisfy your charge on the property as soon as your loan is liquidated. In case of take over of finance by another bank, ensure handing over of title deeds to other bank promptly. All corrections in the records require approval from Central Government. It is, therefore, important for the checker to ensure that there is no mistake in the data filled. Data purity, is a MUST All fields, even if not mandatory, should be filled. There are large number of mistakes in the records filed in the initial year of operation of CERSAI. Please recheck these records and ensure correction/ rectification of mistakes.

The Central KYC Registry CERSAI have been given the mandate by the Govt. of India to establish and operate a Central KYC Registry for the entire financial sector. In due course this registry may cater to the KYC requirements of other sectors like telecom also. Banks and other institutions will scan and upload their KYC documents on the KYC Registry Portal. Registry will generate a unique KYC number for the customer. Customer can quote this number and will not be required to submit his KYC documents again at the time of opening another account with any Banks/ mutual fund/ insurance company or capital market intermediary/ mutual fund etc.

Even otherwise institutions will be required to make a search in the database of KYC Registry before asking the customer for KYC documents. A facility of verification of KYC documents is also proposed in the second phase of the KYC Registry by creating links with Income Tax Department (PAN No verification), UID, Passport Office, RTO offices etc.

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