|
Tender > 2005-06 | |
||||||||||||||||
|
INDIA TRADE PROMOTION ORGANISATION
240/Cash/ITPO/2006-07 12th January, 2007
Sub: - Revision in criteria
of net worth for placement of ITPO's
funds with Private Scheduled Commercial Banks Dear Sir/Madam, In August' 2006, ITPO had empanelled Private Scheduled Commercial Banks having net worth of Rs.2,000 crore and above for placement of its surplus funds. It has now been decided to empanel Private Scheduled Commercial Banks having net worth of Rs.1,000 crore and above. In addition, the banks are expected to have a minimum Capital Adequacy Ratio (CAR) of 9% as per last audited accounts. In case your bank fulfills the above stated criteria, the request for empanelment may be forwarded to Sh. S.K. Jain, Dy. Manager(Finance), Cash & Banking Section, India Trade Promotion Organisation, Pragati Bhawan, Pragati Maidan latest by 19th January, 2007 alongwith the following documents/confirmations. 1. Net worth and Capital Adequacy Ratio (CAR) as per last audited accounts alongwith the copy of the Annual Report. 2. Copy of the certificate issued by RBI confirming the status as a Private Scheduled Commercial Bank. 3. Only bank is eligible for empanelment with ITPO. Letter from the Regional/Central Office of the bank authorizing the branch proposed to be empanelment as the only branch to quote the rates for placement of funds by ITPO. 4. Confirmation that the branch requesting for empanelment is covered in High Value Transaction Area. Kindly note that ITPO reserves the right to accept/reject any/all applications without assigning any reasons. Yours faithfully,
(A.K. Jain) Manager(Finance |
||||||||||||||||||
|
Pragati Bhawan, Pragati Maidan, New Delhi-110 001, E-mail : info@itpo-online.com |
||||||||||||||||||
