CRISIL Rating Agency vide their communication dated 03rd December 2020 has assigned 'FAA+/Stable' Rating for the Fixed Deposit Programme of the Bank for an amount of Rs. 40,000 Crore (Rupees Forty Thousand Crore).
The Bank has made strategic investment of Rs. 7.70 Crores in NPCI, wherein 61,320 Equity Shares at Book value of Rs. 1,256 per Equity Share are allocated to the Bank constituting ~0.44% shareholding of NPCI.
In reference to the compliance of disclosure of Related Party Transactions in terms of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith note on Related Party Transactions for the half year ended 30th September, 2020 drawn in accordance with applicable accounting standards.
Bank would like to inform that on 23rd Nov-2020 carried out sale of 35,00,000 (Thirty-Five Lakhs) equity shares (face value of Rs. 10 each) held in AAVAS FINANCIERS LIMITED ('AAVAS') constituting ~4.46% of paid up capital of Company.