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CENTRAL REGISTRY OF

SECURITIZATION ASSET RECONSTRUCTION AND

SECURITY INTEREST OF INDIA

(CERSAI)

Goa – 30.09.2015

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

GENESIS

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Top 10 Banks/HFCs in terms of Registration

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

As on 31st August, 2015

State Wise Registration (As on 31st August, 2015)

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State Wise 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(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

2BANK OF INDIA 4784

3 LIC HOUSING FINANCE LIMITED 3842

4 HDFC LIMITED 2782

5CORPORATION BANK 2372

6 CANARA BANK 2316

7 SYNDICATE BANK 2285

8 BANK OF BARODA 1608

9 UNION BANK OF INDIA 1520

10THE 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.

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 0 0 9

DENA BANK 1 0 0 6 0 0 6

IDBI BANK LIMITED 7 0 5 6 0 1 5

BANK OF INDIA 36 0 4 5 0 5 0INDIAN OVERSEAS BANK 5 0 1 2 0 1 1

STATE BANK OF INDIA 84 2 2 2 0 0 2

VIJAYA BANK 14 2 2 2 0 2 0

CORPORATION BANK 9 1 1 1 0 0 1KOTAK MAHINDRA BANK LIMITED 4 0 0 1 0 0 1NKGSB CO OP BANK LTD 3 0 1 1 0 0 1

The Delayed Filing was mainly from:

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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.

What is Required to be done by Lenders

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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.

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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.

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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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Thank You