- Credit growth to agriculture and allied activities accelerated to 16.0 per cent (y-o-y) in May 2023 from 11.7 per cent a year ago.
- Credit to industry registered a growth of 6.0 per cent (y-o-y) in May 2023 as compared with 8.8 per cent in May 2022. Size-wise, credit growth to large industry was 3.9 per cent (2.1 per cent a year ago). Credit to medium industries grew by 18.9 per cent (42.9 per cent last year) and micro and small industries by 9.5 per cent (32.7 per cent a year ago).
- Among major industries, credit growth (y-o-y) accelerated in May 2023 for ‘basic metal & metal products’, ‘beverage & tobacco’, ‘construction’ and ‘textiles’ as compared with the corresponding month of the previous year. Credit growth decelerated for ‘chemicals & chemical products’, ‘food processing’ and ‘infrastructure’.
- Credit growth to services sector accelerated to 21.4 per cent (y-o-y) in May 2023 from 12.7 per cent a year ago, primarily due to the improved credit offtake to ‘Non-Banking Financial Companies (NBFCs)’ and ‘trade’.
- Personal loans expanded by 19.2 per cent (y-o-y) in May 2023 vis-Ã -vis 16.3 per cent a year ago, mainly driven by ‘housing’ and ‘vehicle loans’.
Sectoral Deployment of Bank Credit – May 2023
SENCO GOLD LIMITED filed Red Herring prospectus with ROC for Public issue
SENCO GOLD LIMITED is the largest organised
jewellery retail player in the eastern region of India based on number of
stores and among eastern India based jewellery retailers, they have the widest
geographical footprint in non-eastern states (Source: CRISIL Report). We
primarily sell gold and diamond jewellery and also sell jewellery made of
silver, platinum and precious and semi-precious stones and other metals. their
products are sold under the “Senco Gold & Diamonds” tradename, through
multiple channels, including Showrooms and online platforms.
The Promoters of the Company are Suvankar
Sen, Jai Hanuman Shri Siddhivinayak Trust and Om Gaan Ganpataye Bajrangbali
Trust.
Offer Size
Offer of Equity Shares Up to Equity Shares, aggregating up to ₹ 4,050.00 million
of which
- Fresh Issue(1) Up to Equity Shares, aggregating up to ₹ 2,700.00 million
- Offer for Sale(2) Up to Equity Shares, aggregating up to ₹ 1,350.00 million by SAIF
Partners India IV Limited (the Selling Shareholder)
Summary of Restated Consolidated Financial Information:
A summary of the financial information of our Company as per the Restated Consolidated Financial Information is as follows
Internal risk factors
1. The company face significant competition in the Indian jewellery market, they risk losing substantial portion of our customers and our market share which will adversely affect our business, financial condition, results of operations and prospects.
2. The Company requires significant amounts of working capital for continued growth. their inability to meet our working capital requirements, on commercially acceptable terms, may have an adverse impact on their business, financial condition and results of operations.
3. they require certain approvals, permits and licenses in the ordinary course of business, and any failure or delay to obtain or renew them or to comply with their conditions in the future may adversely affect their operations
4. The use of the words “Senco” in the corporate and trading names by certain third parties who have the right to use those words in their names may lead consumers to confuse them with the Company and if they experience any negative publicity, it could have an adverse effect on our business, results of operations and financial condition. This confusion might also lead to the Company losing business to such competitors and might adversely affect our goodwill.
5. The company have been subject to a ‘search and seizure’ operation by the income-tax department in the past, which has resulted in taxation and criminal proceedings being initiated against our Company and our Individual Promoter. It have also been subject to an on spot search from the Directorate General of Central Excise Intelligence, Kolkata along with show cause notice. Further, a search has been conducted by the customs department at the Registered and Corporate Office in relation to an investigation against one of the companies Job Worker and vendor and a spot summons was issued to the Company. Any adverse outcome of such proceedings might have an adverse effect on our business, financial condition and results of operation.
The Key Highlights of the Financial Stability Report(FSR): June 2023
The Reserve Bank of India has released the 27th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system.
The Key Highlights of the Financial Stability Report(FSR):
-
The global economy is facing heightened uncertainty amidst banking system fragility in certain countries, persisting geopolitical tensions and moderating but elevated inflation.
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Despite global headwinds, the Indian economy and the domestic financial system remain resilient, supported by strong macroeconomic fundamentals.
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Continuing growth momentum, moderating inflation, narrowing current account deficit and rising foreign exchange reserves, ongoing fiscal consolidation and a robust financial system are setting the economy on a path of sustained growth.
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Healthy balance sheets of banks and corporates are engendering a new credit and investment cycle and brightening the prospects of the Indian economy.
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The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBs) rose to historical highs of 17.1 per cent and 13.9 per cent, respectively, in March 2023.
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SCBs’ gross non-performing assets (GNPA) ratio continued its downtrend and fell to a 10-year low of 3.9 per cent in March 2023 and the net non-performing assets (NNPA) ratio declined to 1.0 per cent.
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Macro stress tests for credit risk reveal that SCBs would be able to comply with the minimum capital requirements even under severe stress scenarios. The system-level capital to risk-weighted assets ratio (CRAR) in March 2024, under baseline, medium and severe stress scenarios, is projected at 16.1 per cent, 14.7 per cent and 13.3 per cent, respectively.
List of Dividend issuing Companies 2023 - NSE
| COMPANY NAME | PURPOSE | RECORD DATE |
| Aditya Birla Money Limited | Annual General Meeting | - |
| Dodla Dairy Limited | Annual General Meeting | - |
| SKF India Limited | Dividend - Rs 40 Per Share | 29-Jun-23 |
| Can Fin Homes Limited | Dividend - Rs 2 Per Share | 30-Jun-23 |
| Greenlam Industries Limited | Dividend - Rs 1.50 Per Share | 30-Jun-23 |
| Syngene International Limited | Dividend - Rs 0.50 Per Share/Special Dividend - Rs 0.75 Per Share | 30-Jun-23 |
| Hitech Corporation Limited | Dividend - Re 1 Per Share | 01-Jul-23 |
| Sanginita Chemicals Limited | Annual General Meeting | - |
| Welspun Enterprises Limited | Annual General Meeting/Dividend - Re 1 Per Share | - |
| Vaibhav Global Limited | Annual General Meeting/Dividend - Rs 1.50 Per Share | - |
| Bajaj Finance Limited | Dividend - Rs 30 Per Share | 30-Jun-23 |
| Maharashtra Scooters Limited | Dividend - Rs 60 Per Share | 30-Jun-23 |
| Bank of Baroda | Annual General Meeting/Dividend - Rs 5.50 Per Share | - |
| Bajaj Finserv Limited | Dividend - Rs 0.80 Per Share | 30-Jun-23 |
| GlaxoSmithKline Pharmaceuticals Limited | Dividend - Rs 32 Per Share | 30-Jun-23 |
| Bajaj Auto Limited | Dividend - Rs 140 Per Share | 30-Jun-23 |
| Bajaj Holdings & Investment Limited | Dividend - Rs 13 Per Share | 30-Jun-23 |
| Indian Overseas Bank | Annual General Meeting | - |
| Nilkamal Limited | Annual General Meeting/Dividend - Rs 20 Per Share | - |
| Aegis Logistics Limited | Dividend - Rs 1.25 Per Share | 30-Jun-23 |
