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As on March 31, 2010, CSFIL, which is a non-banking financial company (NBFC), had Tier I capital of Rs.10.78 billion, and a high Tier I capital adequacy ratio (CAR) of 292.46 per cent of risk-weighted assets.
However, CSFIL is a relatively new entity, having commenced active operations in 2008.
CRISIL believes that CSFIL will continue to receive management, funding, and technical support from the CS Group.
CSFIL was acquired by CS Group in July 2008 (CSFIL was earlier known as Bokadia Marketing and Finance Private Ltd).
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