List of Self Certified Syndicate Banks under the ASBA process
1. As on date, there are 57 banks registered with SEBI as Bankers to an Issue under the SEBI (Bankers to an Issue) Regulations, 1994. In terms of the SEBI Circular no. SEBI/CFD/DIL/DIP/31/2008/30/7 dated July 30, 2008 on Applications Supported by Blocked Amount (ASBA), all these banks are eligible to act as Self Certified Syndicate Bank (SCSB) for the purpose of ASBA subject to their submitting a self certification to SEBI, inter-alia certifying that they have undertaken the mock trial run of their systems with the Stock Exchange(s) and Registrar(s) and have satisfied themselves that they have adequate systems/ infrastructure in place at their Controlling Branch/ Designated Branches to fulfill their responsibilities/ obligations as envisaged in the ASBA process within the timelines specified therein.
2. Once the banks submit this self certification, their names shall be included in SEBI’s list of SCSBs whereafter these SCSBs shall be eligible to accept ASBAs.
3. Investors desirous of applying through ASBA process may submit their ASBAs to the SCSBs mentioned herein below. List of SCSBs is as under:
List of SCSBs as on August 4, 2009
Sl. No.
Name of the bank
Date of receipt of self certification
Date of inclusion as SCSB
Eligible to act as SCSB for issues opening on or after *
For Details of Designated Branches and Controlling Branch follow the link:
1.
Corporation Bank
August 21, 2008
September 1, 2008
September 1, 2008
Branches
2.
Union Bank of India
August 25, 2008
September 1, 2008
September 1, 2008
Branches
3.
HDFC Bank Ltd.
August 26, 2008
September 1, 2008
September 1, 2008
Branches
4.
State Bank of India
August 29, 2008
September 1, 2008
September 1, 2008
Branches
5
ICICI Bank Ltd.
August 29, 2008
September 1, 2008
September 1, 2008
Branches
6.
IDBI Bank Ltd.
August 29, 2008
September 15, 2008
September 15, 2008
Branches
7.
Axis Bank Ltd.
September 1,2008
September 15, 2008
September 15, 2008
Branches
8.
Kotak Mahindra Bank Ltd.
September 4, 2008
September 15, 2008
September 15, 2008
Branches
9.
State Bank of BIkaner and Jaipur
September 1, 2008
September 15, 2008
September 15, 2008
Branches
10.
Bank of Baroda
September 2, 2008
September 15, 2008
September 15, 2008
Branches
11.
Punjab National Bank
September 16, 2008
October 1, 2008
October 1, 2008
Branches
12.
YES BANK Ltd.
September 26, 2008
October 1, 2008
October 1, 2008
Branches
13.
Citibank
September 30, 2008
October 1, 2008
October 1, 2008
Branches
14.
Bank of India
October 14, 2008
October 15, 2008
November 1, 2008
Branches
15.
State Bank of Hyderabad
November 17, 2008
November 30,2008
December 15, 2008
Branches
16.
HSBC Ltd.
December 3, 2008
December 15,2008
January 1, 2009
Branches
17.
Vijaya Bank
January 21, 2009
February 1, 2009
February 15, 2009
Branches
18.
State Bank of Travancore
February 20, 2009
March 1, 2009
March 15, 2009
Branches
19.
Bank of Maharashtra
February 16, 2009
April 1, 2009
April 15, 2009
Branches
20.
Andhra Bank
August 3, 2009
August 4, 2009
August 15, 2009
Branches
* The effective date is 15 days after the inclusion date as this much time is given to market and other related intermediaries to prepare and update the details of new inclusion(s).