Sponsor Banks has the meaning attributed to such term in the preamble of this Agreement.

Sponsor Banks shall have the meaning given to such term in the Preamble; “Stock Exchanges” shall mean BSE and NSE;

Sponsor Banks means, Axis Bank Limited, HDFC Bank Limited and Kotak Mahindra Bank Limited, being Bankers to the Issue, registered with SEBI, appointed by the Company primarily to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and / or payment instructions of the RIBs using the UPI Mechanism, in terms of the UPI Circulars.

Examples of Sponsor Banks in a sentence

Expediting dispatch of applications, final certificate from controlling branches of SCSB, Sponsor Bank(s) and obtaining the electronic Bid data from the Stock Exchange(s).

More Definitions of Sponsor Banks

Sponsor Banks has the meaning attributed to such term in the Offer Documents.

Sponsor Banks or “Sponsor Bank” shall have the meaning ascribed to such term in the Preamble;

Sponsor Banks means the Banker(s) to the Offer registered with SEBI, which has been appointed by the Company to act as a conduit between the Stock Exchanges and the NPCI in order to push the mandate collect requests and/or payment instructions of the UPI Bidders, using the UPI Mechanism and carry out any other responsibilities in terms of the UPI Circulars, in this case being ICICI Bank Limited and Axis Bank Limited ;

Sponsor Banks mean the banks / entities which are authorised to implement the E-Mandate Payments by inter alia receiving API calls from Razorpay for initiating E-Mandate Payments, communicating the necessary E-Mandate Registration information to NPCI, authentication by the Destination Bank and deduction of Bank Accounts, all in accordance with the Procedural Guidelines.

Sponsor Banks has the meaning attributed to such term in the recitals of this Agreement.