In-depth Overview of CERSAI's Electronic Registry and Registrations Data
"Explore detailed information about CERSAI, an electronic registry of encumbrances, and its significance in preventing frauds related to multiple property financings. Get insights into the total number of registrations, users, and banks/FIs involved. Dive into state-wise registration data and top institutions registering on CERSAI as of August 31, 2015."
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Presentation Transcript
CERSAI is an electronic registry of encumbrances, available 24 x 7 on www.cersai.org.in It provides a platform for registration of mortgages created on immovable property by way of equitable mortgage. CERSAI was established on the recommendations of a Committee of Bankers under the aegis of Indian Banks Association to help Banks in averting frauds by way of multiple financing against the same property and has been operation from the 31st March, 2011. As on 31.08.2015 Total number of Banks/ FIs registering their records on CERSAI : 533 Total number of registrations done : 1,38,00,697 Total number of Users : 1,85,904 2
As on 31 As on 31st st August, 2015 August, 2015 Institution Name Count 2,315,614 1,671,317 835,536 632,523 454,535 437,570 353,914 342,315 336,574 3,30,000 77,09,898 STATE BANK OF INDIA HDFC LIMITED LIC HOUSING FINANCE LIMITED ICICI BANK LIMITED AXIS BANK LTD. PUNJAB NATIONAL BANK UNION BANK OF INDIA CANARA BANK BANK OF INDIA BANK OF BARODA TOTAL 3
State Wise Registration (As on 31st August, 2015) State Wise Registration Count 2,281,198 1,588,461 1,347,669 1,152,056 1,129,114 1,082,478 1,053,080 653,187 579,504 578,424 508,221 442,906 256,597 218,848 188,017 148,530 147,597 96,097 90,770 State Wise Registration Count 56,221 53,900 29,118 23,909 15,005 12,508 11,985 10,999 9,345 9,156 8,322 Maharashtra Tamil Nadu Andhra Pradesh Uttar Pradesh Kerala Gujarat Karnataka Rajasthan West Bengal Madhya Pradesh Punjab Haryana Delhi Orissa Chattisgarh Bihar Uttarakhand Assam Jharkhand Goa Himachal Pradesh Pondicherry Chandigarh Jammu and Kashmir Tripura Mizoram Sikkim Dadra and Nagar Haveli Telangana Manipur Andaman and Nicobar Islands Meghalaya Daman and Diu Nagaland Lakshadweep Arunachal Pradesh 5,181 4,982 4,597 1,762 791 162 4
Sr. NoInstitution Name Registration Count 1 STATE BANK OF INDIA 15521 2 BANK OF INDIA 4784 3 LIC HOUSING FINANCE LIMITED 3842 4 HDFC LIMITED 2782 5 CORPORATION BANK 2372 6 CANARA BANK 2316 7 SYNDICATE BANK 2285 8 BANK OF BARODA 1608 9 UNION BANK OF INDIA 1520 10 THE SARASWAT CO-OP. BANK LTD. 1474 5
Submitte d by Checker to CERSAI Submitte d For Govt. Approval 6 0 Govt. Approved COUNT PENDING WITH CHECKER INSTITUTION NAME Normal Transactions Delay 30 60 EXPIRED COUNT CANARA BANK DENA BANK 29 1 7 0 9 6 0 0 0 0 9 6 IDBI BANK LIMITED 7 0 5 6 0 1 5 BANK OF INDIA INDIAN OVERSEAS BANK STATE BANK OF INDIA VIJAYA BANK CORPORATION BANK KOTAK MAHINDRA BANK LIMITED NKGSB CO OP BANK LTD 36 0 4 5 0 5 0 5 0 2 2 1 1 2 2 1 2 2 2 1 0 0 0 0 1 0 2 0 1 2 0 1 84 14 9 4 0 0 1 0 0 1 3 0 1 1 0 0 1 7
Ensure registration at CERSAI within 30 days of creation of charge. It would be in the interest of all stakeholders if registration is done as soon as mortgage is created. This will obviate possibility of any fraud. In case of condonation of delay beyond 60 days by Central Government ensure submission to CERSAI within the period stipulated. In case your bank is lead Bank in a consortium, add the names of other members of consortium to enable them to file their charge. 8
Ensure to satisfy your charge on the property as soon as your loan is liquidated. In case of take over of finance by another bank, ensure handing over of title deeds to other bank promptly. All corrections in the records require approval from Central Government. It is, therefore, important for the checker to ensure that there is no mistake in the data filled. Data purity, is a MUST All fields, even if not mandatory, should be filled. There are large number of mistakes in the records filed in the initial year of operation of CERSAI. Please recheck these records and ensure correction/ rectification of mistakes. 9
The Central KYC Registry CERSAI have been given the mandate by the Govt. of India to establish and operate a Central KYC Registry for the entire financial sector. In due course this registry may cater to the KYC requirements of other sectors like telecom also. Banks and other institutions will scan and upload their KYC documents on the KYC Registry Portal. Registry will generate a unique KYC number for the customer. Customer can quote this number and will not be required to submit his KYC documents again at the time of opening another account with any Banks/ mutual fund/ insurance company or capital market intermediary/ mutual fund etc. 10
Even otherwise institutions will be required to make a search in the database of KYC Registry before asking the customer for KYC documents. A facility of verification of KYC documents is also proposed in the second phase of the KYC Registry by creating links with Income Tax Department (PAN No verification), UID, Passport Office, RTO offices etc. 11
