For the purpose of the publication, ‘ India’s Leading BFSI Companies 2017 ’, the BFSI sector has been divided into the following key segments – banking i.e. scheduled commercial banks (SCBs) based on the RBI enumeration of SCBs as on Mar 2016; companies providing financial services falling under NIC Codes 64, 65 & 66; asset management companies as registered with Association of Mutual Funds in India (AMFI); and insurance companies that are registered with Insurance Regulatory and Development Authority (IRDA), in accordance with the Insurance Act, 1938. Adequate measures are undertaken, such as an advertisement in the ‘All India’ edition of a prominent business daily, to ensure that the publication covers most companies from the BFSI sector from across the country. In addition, emails and social networking was also entailed for reaching out to Dun & Bradstreet India’s in-house database and companies registered with the respective regulatory bodies and industry associations. To ensure that all the information contained in this publication is verified and authenticated, companies that have not responded with financials statements, and/or their information is not available in public domain are excluded. In addition, if the annual reports of companies are not available to Dun & Bradstreet at the time of compiling this publication, then those companies have also been excluded. As a basic selection criterion, companies with a standalone total income of ` 250 mn and above in FY16 are featured in this publication. Further, subsidiaries and associate companies satisfying the eligibility criteria have also been featured. We have also considered additional exclusion criteria of the corporate governance record (with a focus on NBFCs, FIs, Financial Services & Broking Companies) and NBFCs whose certificate of registration was cancelled by RBI (as on 15 Dec 2016) while compiling this publication to arrive at the final list of ‘ India’s Leading BFSI Companies 2017 ’. Audited financial statements considered were for the period July 31, 2015 and June 30, 2016 have been used as the source of information for this publication. The various financial computations are based on Dun & Bradstreet’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section. For companies where the published financial statement is for a period other than 12 months, the financials are annualized for the sole purpose of shortlisting and profiling. In general, all information used in the publication is from publically available sources. Financials of the companies have been sourced from annual reports or financial statements or regulatory authorities (IRDA, RBI, and AMFI). In case of certain subsidiaries, financials have been procured from annual reports of their respective parent companies. Information pertaining to SCBs has been primarily sourced and compiled from RBI, annual reports (ARs) and websites of banks. Information related to financials and infrastructure of the banks has been taken purely from various publications provided by the RBI and pertains to March 2016. The information pertaining to financial services companies, insurers and AMCs have been sourced and compiled from - • Questionnaires circulated and administered by Dun & Bradstreet India; • Data provided by the respective regulatory authority (IRDA and AMFI) through its websites and various publications; • Data available from respective companies’ website and ARs/financial statements, draft red herring prospectuses; • Government of India websites such as Reserve Bank of India, Securities and Exchange Board of India, Economic Survey etc. The total income pertaining to insurance companies has been calculated by taking financials from the annual reports and public disclosures of respective insurers. Other financial information pertaining to insurers has been taken from IRDA’s FY16 AR. The Quarter Ended AAUM pertaining to AMCs has been considered from AMFI while other financial information is taken from their respective ARs/financial statements. The financial information for financial services companies, NBFCs, FIs, broking companies have been taken from ARs/Financial Statements. A standardized format has been used for reporting the information about the companies. The editorial team would appreciate if readers would keep Dun & Bradstreet India regularly updated regarding any changes in their companies, as and when it occurs. Each company featured in the publication has been allotted a unique identification number (D-UN-S® - Data Universal Numbering System). This will help readers locate and obtain full-fledged informative reports on these companies from the Dun & Bradstreet India database. The editorial team is confident that ‘ India’s Leading BFSI Companies 2017 ’ will prove a useful reference tool for information on the BFSI sector. We would be pleased to receive your invaluable feedback and suggestions, which we can incorporate in the next edition.
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