CTCB is a sub-member of Standard Chartered Bank (SCB) and all the normal clearing and outstation cheques are being routed through SCB. We are however RTGS enabled and all inter-bank transactions can only be routed through RTGS, RBI Mumbai.

  • Normal Clearing: The cheques received from the customer’s payable at Delhi generally are presented in normal clearing and the credit to the accounts is released on realization.
  • National Clearing / Outstation cheque clearing:  Those cheques that are drawn on other banks and payable at major cities of the country are called as National Clearing Cheques. Whereas the cheques payable at remote areas of the country as known as Outstation cheques.

THE GENERAL RULES FOR LOCAL / NATIONAL/ OUTSTATION INSTRUMENTS AT CTCB

    1. Immediate Credit for Local / Outstation Instruments- CTCB, New Delhi Branch being sub-clearing member of Standard Chartered Bank (SCB) presently do not provide such facility to the customers.
    2. Time Frame for collection of Local / Outstation Instruments is as below
  Description Total days for realization of cheque (subject to exceptional delays)
LOCAL CHEQUES Cheques sent for NORMAL clearing 2 working days
NATIONAL CLEARING CHEQUES National Clearing cheques drawn on any SCB Location (where the branches of SCB are present - please check at our counter for details) 6 working days
NATIONAL CLEARING CHQS Cheques drawn on NON SCB Location (please check at our counter for details) 8 working days
NATIONAL CLEARING CHQS Cheques drawn on NON SCB Location (Not in LOT List - please check at our counter) 22 working days
OUTSTATION CHEQUES Cheques sent for collection directly to the collecting bank 30 days
    1. Interest payment for delayed collection of cheques: CTCB, New Delhi Branch being single branch in India doesn’t provide such facility to the customer’s. 
    1. Credit in less than above stipulated number of days by SCB: If the credit of any National clearing cheque is given to us in less than above stipulated number of days by SCB; then CTCB, New Delhi Branch may credit the funds to the customers account at the third working day of getting the credit from SCB.

CHEQUE COLLECTION POLICY

Name of the Bank CHINATRUST COMMERCIAL BANK
Category of the bank SCHEDULED COMMERCIAL BANK
Whether the policy has been revised in the light of DPSS.CO.(CHD) No.873/03.09.01/2008-09 dated November 24,2008 YES
Link to cheque collection policy on homepage of website YES
LOCAL CHEQUE COLLECTION POLICY:
1. Cut off time for receipt of cheques for the next clearing date at the branches/Deposit Boxes 2.30 P.M.
(12.00 afternoon on Saturdays)
2. Day of credit to customers account after the day of receipt (e.g. 3rd day) 3rd Working day
OUT STATION CHEQUES:
No. of days required after the receipt of instrument at branch for crediting the customer?s account.
(i) Cheques payable at Metros. 6 Working Days
(ii) Cheques payable at State Capitals or "A" class cities where the bank has branch presence.Where intercity clearing is available managed by RBI. 22 Working Days
(iii) Other Centers:
     1.Where bank has branch.
     2.Where bank has no branch.		 30 Working Days
Compensation for delays if the instrument is not realized within stipulated days.
Procedure for notifying customer of dishonored cheques. 1.Via telephone call
2.Via courier
Procedure for notifying customer of lost cheques and remedial action to be taken by the bank and customer. By telephone
IMMEDIATE CREDIT OF CHEQUES:
Monetary Limit Not applicable
Percentage or amount of Commission charged for the facility Not applicable
Other Conditions Not applicable

Basle II disclosure - March 2009 (Audited)
ADDITIONAL DISCLOSURE IN RESPECT OF BASEL II
TABLE DF - 1 Scope of application
Index Parameter Response
Qualitative Disclosures
a) Name of the top bank CHINATRUST COMMERCIAL BANK, NEW DELHI BRANCH
b) An outline of differences in the basis of consolidation for accounting and regulatory purposes, with a brief description of the entities within the group
  1. That are fully consolidated;
  2. That are pro-rata consolidated.
  3. That are given a deduction treatment.
  4. That are neither consolidated nor deducted (e.g. where the investment is risk-weighted).
Chinatrust being single branch bank and without any subsidiary there is no consolidation of accounting.



No Consolidation accounts in the Bank
Qualitative Disclosures (Rs. in crores)
c) The aggregate amount of capital deficiencies in all subsidiaries not included in the consolidation i.e. that are deducted and the name(s) of such subsidiaries. Not Applicable
d) The aggregate amounts (e.g. current book value) of the bank's total interests in insurance entities which are risk-weighted as well as their name, their country of incorporation or residence, the proportion of ownership interest and, if different, the proportion of voting power in these entities. In addition, indicate the quantitative impact on regulatory capital of using this method versus using the deduction. Not Applicable

TABLE DF - 2 Capital structure
Index Parameter Response
Qualitative Disclosures
a) Summary information on the terms and conditions of the main features of all capital instruments, especially in the case of capital instruments eligible for inclusion in Tier 1 or in Upper Tier 2 Bank has started operation in 1996 with an initial capital of Rs. 35.09 crores. Head Office has remitted Rs. 0.37 crores in the year 2000, Rs. 10.94 cores in the year 2005 and Rs. 63.74 crore in the year 2008 as interest free funds. Bank has not remitted any part of capital or share of the profit to the Head office in any form.
Qualitative Disclosures (Rs. in crores)
b) The amount of Tier 1 capital, with separate disclosure of
  1. Paid-up share capital
  2. Reserves;
    1. Statutory Reserve
    2. Investment Fluctuation Reserve
  3. Innovative instruments (innovative perpetual debt instruments or Head Office borrowings of foreign banks eligible for similar treatment).
  4. Other capital instruments.
  5. Amounts deducted from Tier 1 capital, including goodwill and investments
Total 		110.14(interest free funds from HO)


4.02
1.67

NIL

NIL


0.17 (Prior Period losses)

115.66
c) The total amount of Tier 2 capital (net of deductions from Tier 2 capital). 1.68
d) Debt capital instruments eligible for inclusion in Upper Tier 2 capital
  1. Total amount outstanding
  2. Of which amount raised during the current year
  3. Amount eligible to be reckoned as capital funds
NIL
e) Subordinated debt eligible for inclusion in Lower Tier 2 capital
  1. Total amount outstanding
  2. Of which amount raised during the current year
  3. Amount eligible to be reckoned as capital funds
NIL
f) Other deductions from capital, if any. NIL
g) Total eligible capital. 117.34

TABLE DF - 3 Capital Adequacy
Index Parameter Response
Qualitative Disclosures
a) A summary discussion of the bank's approach to assessing the adequacy of its capital to support current and future activities. Management of the Bank periodically appraised Bank's plan for the capital to support for current and future activities.
Qualitative Disclosures (Rs. in crores)
b) Capital requirements for credit risk:
  1. Portfolios subject to standardized approach
  2. Securitisation exposures.

14.09

NIL
c) Capital requirements for market risk:
1. Standardised duration approach;
  1. Interest rate risk
  2. Foreign exchange risk (including gold)
  3. Equity risk


1.40
1.23

NIL
d) Capital requirements for operational risk:
  1. Basic indicator approach
1.00
e) Total and Tier 1 capital ratio:
  1. For the top consolidated group; and
  2. For significant bank subsidiaries (stand alone or sub-consolidated depending on how the Framework is applied).

44.75%
Not Applicable

TABLE DF - 4 Credit risk: general disclosures for all banks
Index Parameter Response
Qualitative Disclosures
a) The general qualitative disclosure requirement with respect to credit risk, including:
  1. Definitions of past due and impaired (for accounting purposes);
  2. Discussion of the bank's credit risk management policy;
Credit Policy & Procedures are based on the RBI guidelines as well as policies of the Head Office.
  1. Past due has been defined as follows:An amount due under any credit facility is treated as past due when it has not been paid within the due date.
  2. The Credit Policy & Procedures is a comprehensive document which includes all the risks pertaining to borrower clients. The policy also includes the rating methodology as well as industry wise exposure. The policy also takes into consideration the country risk mechanism in addition to the financial viability of the proposals.
Qualitative Disclosures (Rs. in crores)
b) Total gross credit risk exposures, Fund based and Non-fund based separately.
  1. Fund Based (FB)
  2. Non Fund Based (NFB)
Total credit exposure is as per accounting regime and without taking into account the effects of credit risk mitigation techniques e.g. collateral and netting

148.47
54.31
c) Geographic distribution of exposures, Fund based and Non-fund based separately
  1. Overseas
    1. FB
    2. NFB
  2. Domestic
    1. FB
    2. NFB



NIL
NIL

148.47
54.31
d) Industry type distribution of exposures, fund based and non-fund based separately(Industry breakup as per DSB returns, if the exposure to any particular industry is more than 5% of the gross credit exposure, it should be disclosed separately) FUNDS BASED
  1. Automobiles
  2. Steel
  3. Electronics
  4. Ruber
  5. Power
  6. Chemical
  7. Trading
  8. Service&
  9. Construction
  10. Others
  1. 5.93
  2. 5.71
  3. 2.67
  4. 3.00
  5. 10.02
  6. 14.02
  7. 37.80
  8. 19.91
  9. 5.20
  10. 34.21

NON-FUNDS BASED
  1. Service:          8.11
  2. Trading:          18.19
  3. Manufacturing: 13.33
  4. Other:             14.68
e) Residual contractual maturity breakdown of assets
(Maturity bands as used for reporting in ALM returns of third Wednesday of the month)
1 Day:
2 - 7 Days:
8 - 14 Days:
15 - 28 Days:
29 days - 3 Months:
3-6 Months:
6-12 Months:
1 - 3 Years:
3 - 5 Years:
Over 5 Years:
 31.74
20.45
17.79
37.81
51.91
42.87
13.63
18.19
2.38
7.01
f) Amount of NPAs (Gross)
1. Substandard
2. Doubtful
  1. i.  Doubtful 1
  2. ii.  Doubtful 2
  3. iii.  Doubtful 3
3. Loss


NIL
NIL
NIL
NIL
g) Net NPAs NIL
h) NPA Ratios
  1. Gross NPAs to gross advances
  2. Net NPAs to net advances

0.00
0.00
i) Movement of NPAs (Gross)
  1. Opening balance
  2. Additions
  3. Reductions
  4. Closing balance

1.30
-
1.30
-
j) Movement of provisions for NPAs
  1. Opening balance
  2. Provisions made during the period
  3. Write-off
  4. Write-back of excess provisions
  5. Closing balance

1.30
-
-
1.30
-
k) Amount of Non-Performing Investments NIL
l) Movement of provisions for depreciation on investments
  1. Opening balance
  2. Provisions made during the period
  3. Write-off
  4. Write-back of excess provisions
  5. Closing balance


0.13
0.08
-
-
0.21

TABLE DF - 5 Credit risk: disclosures for portfolios subject to the standardized approach
Index Parameter Response
Qualitative Disclosures
a) For portfolios under the standardised approach:
  1. Names of credit rating agencies used, plus reasons for any changes;
  2. Types of exposure for which each agency is used; and
  3. A description of the process used to transfer public issue ratings onto comparable assets in the banking book;
At present we are not using any specific credit rating agency from Bank side. However, we will be prefer the following rating agencies:
  1. (a) CARE (b) ICRA (c) Fitch (d) CRISILNot Applicable at present
Qualitative Disclosures (Rs. in crores)
a) For exposure amounts after risk mitigation subject to the standardized approach, amount of a bank's outstanding (rated and unrated) in the following three major risk buckets as well as those that are deducted;
  1. Below 100 % risk weight
  2. 100 % risk weight
  3. More than 100 % risk weight
  4. Deducted
Outstanding:
Rated: NIL
Un rated: 148.47


0.53
147.94
NIL
NIL

TABLE DF - 6 Credit risk mitigation: disclosures for standardized approaches
Index Parameter Response
Qualitative Disclosures
a) The general qualitative disclosure requirement withrespect to credit risk mitigation including:
  1. Policies and processes for collateral valuation and management;
  2. A description of the main types of collateral taken by the bank;
  3. The main types of guarantor counter party and their creditworthiness; and
  4. Information about (market or credit) risk concentrations
Credit risk is also monitored on the basis of security offered especially the collaterals:
  1. The valuation of the security gets done from external approved appraisal consultant at the time of accepting the same. Future valuation is got done from alternative external approved appraisal consultant within a maximum span of three years.
  2. The type of collateral accepted by the bank is fixed assets which include machinery, land & building (industrial), land & building (residential) and plots. Bank does not prefer land allotted to schools, colleges etc.
  3. The guarantees include guarantees given by corporate, bank and personal guarantees mainly by the Promoters and family members.
  4. The Bank has a policy which stipulates diversification in the industry as well as for few clients. For example top 5 clients should not aggregate more than 50% of the total loans portfolio.
Qualitative Disclosures (Rs. in crores)
b) For disclosed credit risk portfolio under the standardized approach, the total exposure that is covered by:
  1. Eligible financial collateral; after the application of haircuts.
Not Applicable.

However, we have considered the entire loan portfolio under Standardized approach for Basel II.

TABLE DF - 7 Securitisation: disclosure for standardized approach
Not Applicable

TABLE DF - 8 Market risk in trading book
Index Parameter Response
Qualitative Disclosures
a) The general qualitative disclosure requirement forMarket risk including the portfolios covered by the standardised approach.
  1. Strategies and Processes:- To limit the market risk in investments and Forex Instruments , the bank has adopted the ALM Policy approved by its Head Office. Policy provides various limits on exposure.
  2. Structure and organisation of the relevant risk management function:- Investment decision is taken by the Local ALCO Committee as per the guidelines approved by the Head Office. The bank uses the format of a front office, mid-office and back office for functional segregation. The accounting department undertakes the mid office role for overall portfolio.
  3. Scope and nature of risk reporting and / or measurement system:- Periodical reporting of full details of Bank's exposure undertaken by the bank is sent to Head Office on weekly/monthly basis based on frequency decided by the head office.
  4. Policies for hedging and/or mitigating risk and strategies and processes for monitoring the continuing effectiveness of hedges mitigants:- Bank's Policy is to maintain near square position in forex. However open position for a day has been fixed and monitored on day to day basis.
Qualitative Disclosures (Rs. in crores)
b) The capital requirements for:
  1. interest rate risk;
  2. equity position risk; and
  3. foreign exchange risk;

1.40
NIL
1.23

TABLE DF - 9 Operational risk
Index Parameter Response
Qualitative Disclosures
a) In addition to the general qualitative disclosure requirement the approach (es) for operational risk capital assessment for which the bank qualifies. Bank has adopted the Key Risk Indicator approach as approved by the Head Office for operational risk.
Bank sends key risk data/information on monthly basis to its Head Office
For Operational Risk capital assessment the bank used Basic Indicator Approach as envisaged by Reserve Bank of India through communication dated April 27, 2007 on the subject "Prudential guidelines on capital adequacy and market discipline - Implementation of New Capital adequacy Framework.

TABLE DF - 10 Interest Rate Risk in the Banking Book (IRRBB)
Index Parameter Response
Qualitative Disclosures
a) The general qualitative disclosure requirement including the nature of IRRBB and key assumptions, including assumptions regarding loan prepayments and behavior of non-maturity deposits, and frequency of IRRBB measurement. Bank has in place Assets Liability Management Policy that addresses issues related to Interest Rate Risk in Banking Book. Bank draws every month Repricing Gap Report as approved by Head Office. Repricing Gap Report aims to capture the bank's interest rate risk of non-trading portfolio, where gap is defined as Rate-Sensitive Assets (RSA) minus Rate-Sensitive Liabilities (RSL). Bank also calculates the ΔNII (1 bp), which measures the impact to bank's earnings (Net Interest Income, NII), given one basis point (0.01%) change of interest rate and a limit for ΔNII has been fixed/approved by the Head Office. However, after considering the short term in nature of business, the ΔNII method will be considered effective tool for bank as of date to monitor the Interest Rate sensitivity and Interest Rate Risk.
Qualitative Disclosures (Rs. in crores)
b) The increase (decline) in earnings and economic value (or relevant measure used by management) for upward and downward rate shocks according to management's method for measuring IRRBB, broken down by currency (where the turnover is more than 5 per cent of the total turnover). Limit of ΔNII :2000 USD
ΔNII as on March 31, 2009 : 1745 USD