| | Name of the Subsidiary | Equity Participation By | Major Activity | Share of equity (%) held as on 31.3.98 | | | | | (1) | (2) | (3) | (4) | | | | | | Subsidiaries of State Bank of | Wholly owned subsidiaries | | | India | | | | | | | | | | 1. | SBI Funds | SBI | AMC for SBI Mutual Fund | 100.00 | | | | Management Ltd. | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | 2. | SBI Capital Markets Ltd. | SBI | Merchant Banking, | 86.16 | | | | | Asian Development Bank | Leasing, Hire-purchase | 13.84 | | | | | | | | | 3. | SBI Factors and | SBI | Factoring | 54.00 | | | | Commercial Services Ltd. | SIDBI | | 20.00 | | | | | Union Bank of India | | 10.00 | | | | | State Bank of Saurashtra | | 10.00 | | | | | State Bank of Indore | | 6.00 | | | | | | | | | 4. | SBI Gilts Ltd. | SBI | Primary Dealer | 61.00 | | | | | SBI CAPS | | 10.00 | | | | | Associates of SBI | | 14.00 | | | | | Asian Development Bank | | 15.00 | | | | | | | | | 5. | SBI Securities | SBI | Broking Business | 51.00 | | | | | SBI CAPS | | 10.00 | | | | | ADB | | 24.00 | | | | | SBI’s Associate Banks | | 15.00 | | | | | | | | | 6. | SBI Cards and Payment | SBI | Credit Card Business | 60.00 | | | | Services Ltd. | GE Capital | | 40.00 | |
Statement 3: Subsidiaries Set up by Banks (Contd.) | Name of the Subsidiary | Equity Participation By | Major Activity | Share of equity (%)
held as on 31.3.98 | (1) | (2) | (3) | (4) | | | | | | Subsidiaries of Canara Bank | Wholly owned subsidiaries | | | | | | | | | | 1. | CanBank Financial Services | Canara Bank | Merchant Banking, Leasing, | 100.00 | | | | Ltd. | | Hire-purchase | | | | | | | | | | | | | | | | | 2. | CanBank Investment | Canara Bank | AMC for CanBank Mutual | 100.00 | | | | Management Services Ltd. | | Fund | | | | | | | | | | | | | | | | | | | | | | | | 3. | CanBank Venture Capital | Canara Bank | Management of | 100.00 | | | | Fund Ltd. | | CanBankVenture Capital | | | | | | | Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | | | | | | | | | | | | | | | 4. | CanBank Factors Ltd. | Canara Bank | Factoring, Leasing, Hire- | 70.00 | | | | | Andhra Bank | purchase | 10.00 | | | | | SIDBI | | 20.00 | | | | | | | | | | | | | | | | 5. | CanBank Computer Services | Canara Bank | Development of software and | 62.96 | | | | Ltd. | Bank of Baroda | computer related activity | 12.34 | | | | | Vijaya Bank | | 6.17 | | | | | Vysya Bank Ltd. | | 6.17 | | | | | Karur Vysya Bank Ltd. | | 6.17 | | | | | Lakshmi Vilas Bank Ltd. | | 6.17 | | | | | | | | | | | | | | | | 6. | Gilt Securities Trading | Canara Bank | Primary Dealer | 51.00 | | | | Corpn. Ltd. | Bank of Baroda | | 29.00 | | | | | Corporation Bank | | 20.00 | | | | | | | | | | | | | | | | | | | | | | | | | Subsidiaries of Bank of Baroda | Wholly owned subsidiaries | | | | | | | | | | | | | | | | | | 1. | 1. BoB Capital Market Ltd. | Bank of Baroda | Merchant Banking, Leasing, | 100.00 | | | | | | Hire-purchase | | | | | | | | | | | | | | | | | 2. | 2. BoB Asset Management Co. Ltd. | Bank of Baroda | Management of Assets of Mutual Fund | 100.00 | | | | | | | | | | | | | | | | 3. | 3. BoB Cards Ltd. | Bank of Baroda | Credit Card Business | 100.00 | | | | | | | | | | | | | | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | | | | | | | | 1. | 1. BoB Housing Finance Ltd. | Bank of Baroda | Housing Finance | 51.00 | | | | | National Housing Bank | | 25.00 | | | | | HUDCO, UTI etc. | | 24.00 | |
| | Statement 3: Subsidiaries Set up by Banks (contd.) | | | Name of the Subsidiary | Equity Participation By | Major Activity | Share of equity (%)
held as on 31.3.98 | | | (1) | (2) | (3) | (4) | | | | | | | Subsidiaries of Bank of India | Wholly owned subsidiaries | | |
| | | | | | | 1. | BoI Finance Ltd. | Bank of India | Merchant Banking, Leasing | 100.00 | | | | | | | | | 2. | BoI Asset Management Co. | Bank of India | Management of Assets of | 100.00 | | | | Ltd. | | Mutual Fund | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | 3. | BoI Shareholding Ltd. | Bank of India | Share Clearing and Stock | 51.00 | | | | | BSE | Holding | 49.00 | | | | | | | | | Subsidiaries of Punjab Na- | Wholly owned subsidiaries | | | | tional Bank | | | | | | | | | | | | 1. | PNB Capital Services Ltd. | PNB | Merchant Banking, Leasing, | 100.00 | | | | | | Hire-purchase | | | | | | | | | | 2. | PNB Housing Finance Ltd. | PNB | Housing Finance | 100.00 | | | | | | | | | | | | | | | | 3. | PNB Asset Managing Co. Ltd. | PNB | Management of Assets of | 100.00 | | | | | | Mutual Fund | | | 4. | PNB Gilts Ltd. | | | | | | | | PNB | Primary Dealer | 100.00 | | 5. | PNB Securities Ltd. | | | | | | | | PNB | Broking Business | 100.00 | | | | | | | | | | | | | | | | Subsidiaries of Indian Bank | Wholly owned subsidiaries | | | | | | | | | | | 1. | IndFund Management Ltd. | Indian Bank | Management of Assets of | 100.00 | | | | | | Mutual Fund | | | | | | | | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | 1. | IndBank Merchant Banking | Indian Bank | Merchant Banking, Leasing, | 64.68 | | | | Services Ltd. | Public | Hire-purchase | 35.32 | | | | | | | | | 2. | IndBank Housing Ltd. | Indian Bank | Housing Finance | 51.00 | | | | | HUDCO | | 25.00 | | | | | Public | | 24.00 | |
| | Statement 3: Subsidiaries Set up by Banks (contd.) | | | Name of the Subsidiary | Equity Participation By | Major Activity | Share of equity (%)
held as on 31.3.98 | | | (1) | | (2) | (3) | (4) | | | | | | | | Subsidiaries of Andhra Bank | Wholly owned subsidiaries | | | | | | | | | |
| | | | | | | | 1. | Andhra Bank Financial | Andhra Bank | Merchant Banking, Leasing, | 100.00 | | | | Services Ltd. | | Hire-purchase | | | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | | 2. | Andhra Bank Housing | Andhra Bank | Housing Finance | 56.70 | | | | Finance Ltd. | NHB | | 21.20 | | | | | | UTI | | 11.10 | | | | | | ICICI | | 5.50 | | | | | | IFCI | | 5.50 | | | | | | | | | | Subsidiaries of Allahabad Bank | Wholly owned subsidiaries | | | | | | | | | | | | 1. | AllBank Finance Ltd. | Allahabad Bank | Merchant Banking, Leasing | 100.00 | | | | | | | | | | Subsidiary of Vijaya Bank | Majority holding subsidiaries | | | | | | | | | | | | 1. | ViBank Housing Finance Ltd. | Vijaya Bank | Housing Finance | 80.00 | | | | | | NHB | | 20.00 | | | | | | | | | | Subsidiary of Central Bank of | Majority holding subsidiaries | | | | India | | | | | | | | | | | | | | 1. | CentBank Home Finance Ltd. | CBI | Housing Finance | 51.00 | | | | (earlier name: Apnaghar Vitta | HUDCO | | 17.00 | | | | Nigam Ltd.) [Name changed | UTI | | 16.00 | | | | w.e.f. 19-06-92] | NHB | | 16.00 | |
| | Statement 3: Subsidiaries Set up by Banks (concld.) | | | Name of the Subsidiary | Equity Participation By | Major Activity | Share of equity (%)
held as on 31.3.98 | | | (1) | (2) | (3) | (4) | | | | | | | Subsidiaries of Vysya Bank Ltd. | Majority holding subsidiaries | | | | | | | | | | 1. | Vysya Bank Leasing Ltd. | Vysya Bank Ltd. | Leasing | 99.96 | | | | | Resident Individuals | | 0.04 | | | | | | | | | 2. | Vysya Bank Housing Finance | Vysya Bank Ltd. | Housing Finance | 51.00 | | | | Ltd. | | | | | | | | | | | | | | | | | | | Others | Wholly owned subsidiaries | | | | | | | | | | | 1. | Rajasthan Bank Financial | Bank of Rajasthan Ltd. | Merchant Banking, Leasing, | 100.00 | | | | Services Ltd. | | Hire-purchase | | | | | | | | | | 2. | FedBank Financial Services | Federal Bank Ltd. | Merchant Banking, Leasing, | 100.00 | | | | Ltd. | | Hire-purchase | | | | | | | | | | | | | | | | | | | | Majority holding subsidiaries | | | | | | | | | | | 3. | Western India Trustee & | United Western Bank Ltd. | Trusteeship/stock-executor- | 51.50 | | | | Executor Co. Ltd. | LIC | ship of religious, medical and | 29.64 | | | | | Other Shareholders | adv. trusts | 18.86 | |
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