Many of the houses that had been built by Boot in the 1930s had been financed with mortgages created by Boot itself and Boot transferred these mortgages into Banner; public deposits were gradually taken into Banner enabling Boot to remove progressively its own capital.
32.
Kotak Mahindra's public deposits rose more than four times to about 2 billion rupees ( $ 55 . 8 million ) last year after the central bank loosened its policy in August 1996 on what deposit rates finance companies could offer the public, Dam said.
33.
Besides, there was confusion even amongst ratings agencies when Crisil downgraded the instruments of 14 companies at one stroke on 23 October, 1997-- the others took a while before reassessing their ratings-- this situation confuses investors . " Another directive requires NBFCs with public deposits in excess of their prescribed limits to unwind their positions before 31 December, 1998.
34.
The interim report also concludes that the Israeli financial sector is characterized by a very high degree of concentration, both relative to the economy s concentration and to financial sectors in other countries : the five biggest banking groups hold about 99 % of public deposits and the six biggest financial groups manage about 69 % of the public s long-term savings.
35.
The company was the First NBFC in Kerala to receive a Certificate of Registration issued by the RBI . It was the first Kerala based NBFC to get a Credit Rating in 1995 of " MA " ( current rating MA + ) from ICRA, recognising the company's ability to make timely repayments of the principal and interest under its then existing public deposits programme.
