CENTRAL REGISTRY OF SECURITIZATION ASSET RECONSTRUCTION AND SECURITY

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

CENTRAL REGISTRY OF SECURITIZATION ASSET RECONSTRUCTION AND SECURITY INTEREST OF INDIA (CERSAI) Goa – 30. 09. 2015 1

GENESIS Ø CERSAI is an electronic registry of encumbrances, available 24 x 7 on

GENESIS Ø CERSAI is an electronic registry of encumbrances, available 24 x 7 on www. cersai. org. in Ø It provides a platform for registration of mortgages created on immovable property by way of equitable mortgage. Ø 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 31 st 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 2

Top 10 Banks/HFCs in terms of Registration As on 31 st August, 2015 Institution

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

State Wise Registration State Wise Maharashtra Tamil Nadu Andhra Pradesh Uttar Pradesh Kerala Gujarat

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

Top Ten Banks/ HFCs in Terms of Registration in Goa (As on 28 th

Top Ten Banks/ HFCs in Terms of Registration in Goa (As on 28 th Sept, 2015) Total No of Banks/ FIs registering mortgages on CERSAI – 112 Sr. No Institution Name 1 Registration Count STATE BANK OF INDIA 15521 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 2 5

Delayed Filing of Records – August, 2015 - Total Banks/ FIs which filed charges

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. 6

The Delayed Filing was mainly from: INSTITUTION NAME Submitte d by Checker PENDING Submitte

The Delayed Filing was mainly from: INSTITUTION NAME Submitte d by Checker PENDING Submitte Govt. Normal Delay 30 d For Approved EXPIRED to WITH Transactions – 60 Govt. COUNT CERSAI CHECKER Approval CANARA BANK DENA BANK 29 1 7 0 6 0 9 6 0 0 9 6 IDBI BANK LIMITED 7 0 5 6 0 1 5 BANK OF INDIAN OVERSEAS BANK STATE BANK OF INDIA VIJAYA BANK CORPORATION BANK KOTAK MAHINDRA BANK LIMITED NKGSB CO OP BANK LTD 36 0 4 5 0 5 84 14 9 0 2 2 1 1 2 2 2 1 0 0 1 0 2 0 1 4 0 0 1 3 0 1 1 0 0 1 7

What is Required to be done by Lenders � Ensure registration at CERSAI within

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. 8

� Ensure to satisfy your charge on the property as soon as your loan

� 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. 9

The Central KYC Registry � CERSAI have been given the mandate by the Govt.

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. 10

� Even otherwise institutions will be required to make a search in the database

� 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. 11

Thank You 12

Thank You 12