AT 1 Bonds IM Series III 09122020poned) by the Bank at its sole and absolute discretion. Consequent to change in Deemed Date of Allotment, the Coupon Payment Dates and/or Redemption

DRAFT - Private & Confidential – For Private Circulation Only

DISCLOSURE DOCUMENT/PRIVATE PLACEMENT OFFER LETTER DATED…………………

INDIAN BANK(A Government of India Undertaking)

Corporate Office: 254-260, Avvai Shanmugam Salai,Royapettah, Chennai – 600 014

Tel: (044) 28134076; Fax: (044) 28134075Website: www.indianbank.in

E-mail: [email protected], [email protected]

THIS DISCLOSURE DOCUMENT IS PREPARED IN CONFORMITY WITH SECURITIES AND EXCHANGEBOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008 ISSUED VIDECIRCULAR NO. LAD-NRO/GN/2008/13/127878 DATED JUNE 06, 2008, SECURITIES AND EXCHANGE BOARDOF INDIA (ISSUE AND LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES)REGULATIONS, 2013 ISSUED VIDE CIRCULAR NO. LAD - NRO/GN/2013-14/11/6063 DATED JUNE 12, 2013SECURITIES AND EXCHANGE BOARD OF INDIA'S CIRCULAR ON ISSUES PERTAINING TO PRIMARYISSUANCE OF DEBT SECURITIES ISSUED VIDE CIR/IMD/DF/18/2013 DATED OCTOBER 29, 2013 READWITH SEBI CIRCULAR NO CIR/IMD/DF-1/122/2016 DATED NOVEMBER 11, 2016, SEBI CIRCULAR NO.SEBI/HO/DDHS/CIR/P/2020/199 DATED OCTOBER 6, 2020, SECURITIES AND EXCHANGE BOARD OF INDIA(LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), REGULATIONS 2015, OTHER APPLICABLESEBI CIRCULARS AND THE RBI CIRCULAR DBR.No.BP.BC.1/21.06.201/2015-16 DATED JULY 1, 2015 READWITH RBI CIRCULAR DBR.No.BP.BC.71/21.06.201/2015-16 DATED JANUARY 14, 2016 AND RBI CIRCULARDBR.BP.BC.NO.50/21.06.201/2016-17 DATED FEBRUARY 2, 2017, EACH AS AMENDED FROM TIME TOTIME.

DISCLOSURE DOCUMENT/PRIVATE PLACEMENT OFFER LETTER

DISCLOSURE DOCUMENT FOR PRIVATE PLACEMENT OF LISTED, UNSECURED, NON-CONVERTIBLE,SUBORDINATED, FULLY PAID-UP, PERPETUAL, BASEL III COMPLIANT ADDITIONAL TIER 1 BONDSSERIES III, IN THE NATURE OF DEBENTURES OF FACE VALUE OF `10 LAKH EACH (“BONDS”)AGGREGATING TO TOTAL ISSUE NOT EXCEEDING `952 CRORE WITH A BASE ISSUE SIZE OF`200 CRORE AND A GREEN SHOE OPTION TO RETAIN OVERSUBSCRIPTION UP TO `752 CRORE (THE“ISSUE”) ELIGIBLE FOR INCLUSION IN TIER 1 CAPITAL BY INDIAN BANK (THE “ISSUER” OR THE“BANK”)

GENERAL RISK

For taking an investment decision, investors must rely on their own examination of the Issuer and the Offerincluding the risks involved. The Bonds have not been recommended or approved by the Securities andExchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this DisclosureDocument. The Bonds are capital instruments and not deposits of the Bank and they cannot be used asCollateral for any loan made by the Bank or any of its subsidiaries or affiliates. The Bonds are differentfrom fixed deposits and are not covered by deposit insurance. Unlike the fixed deposits where deposits arerepaid at the option of the deposit holder, the Bonds are not redeemable at the option of the Bondholdersor without the prior consent of RBI. The Bonds are subject to features like coupon discretion, write off atpre-specified levels & PONV, which may impact the payment of interest and principal. RBI has the absoluteright to direct the Bank to write down the entire value of its outstanding AT1 instruments/bonds, if it thinksthe Bank has passed the Point of Non Viability (PONV), or requires a public sector capital infusion toremain a going concern. Please refer to ‘Permanent principal write-down on PONV Trigger Event’ in theSummary Term Sheet for further details.

Private Placement Offer Letter: Indian Bank

ISSUER’S ABSOLUTE RESPONSIBILITY

The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that thisDisclosure Document contains all information with regard to the Issuer and the Issue which is material inthe context of the Issue and that the information contained in this Disclosure Document is true and correctin all material aspects and is not misleading in any material respect and that the opinions and intentionsexpressed herein are honestly held and that there are no other facts, the omission of which makes thisDisclosure Document or any of such information or the expression of any such opinions or intentionsmisleading in any material respect.

CREDIT RATING

“CARE AA/Negative” by “CARE Ratings” pronounced as “CARE Double A rating with Negative Outlook” and“CRISIL AA/Negative” by CRISIL Limited pronounced as “CRISIL Double A rating with Negative Outlook”

LISTING

The Bonds are proposed to be listed on National Stock Exchange of India Limited (NSE) in NSE Debtsegment.

TRUSTEES FOR THE BONDHOLDERS REGISTRAR TO THE ISSUE

Axis Trustee Services Limited Cameo Corporate Services LimitedThe Ruby, 2

ndFloor Subramanian Building, 1, Club House Road

SW,29 Senapati Bapat Marg, Chennai - 600 002Dadar West Tel No. : (044) 28460718,Mumbai - 400028 Fax : (044) 28460129

Tel No: (022) 62300451 E-mail : [email protected] No: (022) 62300700E-mail: [email protected]

ARRANGER TO THE ISSUE

ISSUE SCHEDULE*

Day Date

Issue/Bids opens on BSE EBP@ 10.30 a.m. Friday 11.12.2020Issue/Bids closes on BSE EBP @ 11.30 a.m. Friday 11.12.2020Pay in Date Monday 14.12.2020Deemed Date of Allotment Monday 14.12.2020

*The Bank reserves its sole and absolute right to modify (pre-pone/ post-pone) the above issue schedulewithout giving any reasons or prior notice. In such a case, applicants shall be intimated about the revisedtime schedule by the Bank. The Bank also reserves the right to keep multiple Date (s) of Allotment at itssole and absolute discretion without any notice. In case if the Issue Closing Date/ Pay in Dates is/arechanged (pre-poned/ post-poned), the Deemed Date of Allotment may also be changed (pre-poned/ post-poned) by the Bank at its sole and absolute discretion. Consequent to change in Deemed Date ofAllotment, the Coupon Payment Dates and/or Redemption Date may also be changed at the sole andabsolute discretion of the Bank.

Private Placement Offer Letter- Indian Bank

TABLE OF CONTENTSI. DISCLAIMER ................................................................................................................................................ Page No.

1. DISCLAIMER OF THE ISSUER ........................................................................................................................ 062. DISCLAIMER OF THE SECURITIES & EXCHANGE BOARD OFINDIA........................................................ 073. DISCLAIMER OF THE STOCK EXCHANGE .................................................................................. ……………. 074. DISCLAIMER OF THE RESERVE BANK OF INDIA....................................................................... ……………. 075. DISCLAIMER IN RESPECT OF JURISDICTION……………………………………………………………………………. 076. DISCLAIMER BY DEBENTURE TRUSTEE …………………………………………………………………………………... 077. DISCLAIMER BY ARRANGER TO THE ISSUE…………………………………………………….............. 08-098. DISCLAIMER BY THE RATING AGENCIES…………………………………………………………………. 09

II. DEFINITIONS/ ABBREVIATIONS.............................................................................................................. .. 09-12

III. ISSUER INFORMATION ............................................................................................................................ 13-14IV. DETAILS OF DIRECTORS OF THE ISSUER ...........................................................................................

1. CURRENT DIRECTORS OF THE ISSUER .................................................................................... 15-162. CHANGE IN DIRECTORS OF THE ISSUER SINCE LAST THREE YEARS ................................. 16-17

V. DETAILS OF STATUTORY AUDITORS OF THE ISSUER....................................................................... 18

VI. BRIEF SUMMARY OF BUSINESS/ ACTIVITIES OF ISSUER AND ITS LINE OF BUSINESS………....1. HIGHLIGHTS ………..................................................................................................................... 192. OVERVIEW...................................................................................................................................... 19-20

a. Vision Statement....................................................................................................................... 19b. Mission Statement.................................................................................................................... 19c. Main Objects ............................................................................................................................ 20d. Main Objects of Constitutional Documents............................................................................... 20-21e. Bank’s Operations....................................................................................................................

i. Deposit Products of Bank ..……………................................................................................ 21ii. Other Credit Products…………………………………………………………………………… 22-24iii. Other Technology Related Products…………………………………………………………. 24-28

3. CORPORATE STRUCTURE........................................................................................................ 294. KEY OPERATIONAL & FINANCIAL PARAMETERS OF THE ISSUER FOR LAST 3 YRS…….. 30-315. DEBT EQUITY RATIO OF THE ISSUER ….................................................................................. 326. PROJECT COST AND MEANS OF FINANCING, IN CASE OF FUNDINGOF NEW PROJECTS. 327. SUBSIDIARIES, ASSOCIATE AND JOINT VENTURE OF THE ISSUER…………………………. 32

VII. BRIEF HISTORY OF ISSUER SINCE INCORPORATION, DETAILS OF ACTIVITIES INCLUDINGANYREORGANIZATION, RECONSTRUCTION OR AMALGAMATION, CHANGES IN CAPITALSTRUCTURE,(AUTHORIZED, ISSUED AND SUBSCRIBED) AND BORROWINGS..........................

1. BRIEF HISTORY OF THE ISSUER ............................................................................................. 33-342. CAPITAL STRUCTURE (AS ON 30.09.2020) .............................................................................. 343. EQUITY SHARE CAPITAL HISTORY OF THE ISSUER FOR LAST FIVE YEARS(AS ON 30.09.2020)……………………………………………………………………………… 354. CHANGES IN CAPITAL STRUCTURE OF THE ISSUER FOR LAST FIVE YEARS & UPTO

30.09.2020………………………………………………………………………………………………. 365. DETAILS OF ANY ACQUISITION OR AMALGAMATION IN THE LAST 1 YEAR...................... 366. DETAILS OF ANY REORGANIZATION OR RECONSTITUTION IN THE LAST 1 YEAR.......... 367. SHAREHOLDING PATTERN OF THE ISSUER (AS ON 30.09.2020)........................................ 36-378. TOP 10 EQUITY SHARE HOLDERS OF THE ISSUER (AS ON 30.09.2020)............................ 379. PROMOTER HOLDING IN THE ISSUER (AS ON 30.09.2020).................................................. 38

10. BORROWINGS OF THE ISSUER (AS ON 30.09.2020) .......................................................... 38-39a. Secured Loan Facilities................................................................................................. 38b. Unsecured Loan Facilities (as on 30.09.2020).............................................................. 38c. Deposits (as on 30.09.2020) ....................................................................................... 38-39d. Capital Status Bonds (as on 30.09.2020).................................................................... 39

11. TOP 10 BONDHOLDERS (AS ON 30.09.2020)........................................................... 3912. AMOUNT OF CORPORATE GUARANTEES ISSUED BY THE ISSUER IN FAVOUR OF

VARIOUSCOUNTER PARTIES INCLUDING ITS SUBSIDIARIES, JOINT VENTUREENTITIES, GROUP COMPANIES ETC.…………………………………………………………… 40

13. CERTIFICATE OF DEPOSITS ISSUED BY THE ISSUER (AS ON 30.09.2020)........................ 4014. OTHER BORROWINGS (INCLUDING HYBRID DEBT LIKE FOREIGN CURRENCY

CONVERTIBLEBONDS (“FCCBS”), OPTIONALLY CONVERTIBLE BONDS/DEBENTURES/ PREFERENCE SHARES)……………………………………….………… 40

15. SERVICING BEHAVIOR ON EXISTING DEBT SECURITIES, DEFAULT(S) AND/ORDELAY(S) INPAYMENTS OF INTEREST AND PRINCIPAL OF ANY KIND OFTERMLOANS, DEBT SECURITIESANDOTHERFINANCIAL INDEBTEDNESSINCLUDINGCORPORATE GUARANTEE ISSUED BY THE ISSUER, IN THE PASTFIVE YEARS….. 40

16. DETAILS OF ALL DEFAULT/S AND/OR DELAY IN PAYMENTS OF INTEREST ANDPRINCIPAL OF ANY KIND OF TERM LOANS, DEBT SECURITIES AND OTHERFINANCIAL INDEBTEDNESS INCLUDING CORPORATE GUARANTEE ISSUED BYTHE COMPANY, IN THE PAST 5 YEARS……………………………………………………… 40

17. OUTSTANDING BORROWINGS/ DEBT SECURITIES ISSUED FOR CONSIDERATIONOTHER THAN CASH, WHETHER IN WHOLE OR PART, AT A PREMIUM OR DISCOUNT,OR IN PURSUANCE OF AN OPTION………………………………………………………………….. 40

18. AUDITED FINANCIAL INFORMATION OF THE ISSUER .......................................................I. STANDALONE………………………………………………………………………………

a. Statement of Profit & Loss........................................................................... 40-41b. Balance Sheet............................................................................................ 41c. Cash Flow Statement ................................................................................. 42-43d. Auditors’ Qualifications ............................................................................... 43-44

II. CONSOLIDATED………………………………………………………………………….a. Statement of Profit & Loss........................................................................... 44b. Balance Sheet............................................................................................ 45c. Cash Flow Statement ................................................................................. 45-47d. Auditors’ Qualifications ............................................................................... 47

20. LATEST LIMITED REVIEW QUARTERLY AND HALF YEARLY STANDALONE FINANCIAL AND CONSOLIDATED FINANCIALINFORMATION OF THE ISSUER …………………………. 47-50

21. MATERIAL EVENT, DEVELOPMENT OR CHANGE AT THE TIME OF ISSUE .................. 50


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VIII. SUMMARY TERM SHEET ................................................................................................................ 51-65IX. TERMS OF OFFER (DETAILS OF DEBT SECURITIES PROPOSED TO BE ISSUED, MODE OF

ISSUANCE,ISSUE SIZE, UTILIZATION OF ISSUE PROCEEDS, STOCK EXCHANGES WHERESECURITIES AREPROPOSED TO BE LISTED, REDEMPTION AMOUNT, PERIOD OF MATURITY,YIELD ON REDEMPTION,DISCOUNT AT WHICH OFFER IS MADE AND EFFECTIVEYIELD FOR INVESTOR).................................................................................................................... 66-82

1. ISSUE SIZE ............................................................................................................................ 662. ELIGIBILITY TO COME OUT WITH THE ISSUE ................................................................... 663. REGISTRATION AND GOVERNMENT APPROVALS .......................................................... 664. AUTHORITY FOR THE ISSUE .............................................................................................. 665. OBJECTS OF THE ISSUE..................................................................................................... 666. TERMS & CONDITIONS OF THE ISSUE………………………………………………………. 667. BASIS OF ALLOCATION/ALLOTMENT…………………………………………………………… 678. UTILISATION OF ISSUE PROCEEDS .................................................................................. 679. MINIMUM SUBSCRIPTION................................................................................................... 67

10. UNDERWRITING .................................................................................................... 6711. NATURE AND STATUS OF THE BONDS / SENIORITY OF CLAIM .................................... 6812. LOSS ABSORPTION FEATURES………………………………………………………………... 68-7013. APPLICABLE RBI REGULATIONS………………………………………………………………. 7014. FACE VALUE, ISSUE PRICE, EFFECTIVE YIELD FOR INVESTOR ................................. 7015. SECURITY ........................................................................................................................... 7016. TERMS OF PAYMENT OF APPLICATION MONEY.......................................................... 7017. DEEMED DATE OF ALLOTMENT...................................................................................... 7018. LETTER(S) OF ALLOTMENT/ BOND CERTIFICATE(S)/ REFUND ORDER(S)/ ISSUE OF

LETTER(S) OFALLOTMENT ................................................................................................... 7019. ISSUE OF BOND CERTIFICATE(S)................................................................................... 7120. DEPOSITORY ARRANGEMENTS ....................................................................................... 7121. PROCEDURE FOR APPLYING FOR DEMAT FACILITY...................................................... 7122. FICTITIOUS APPLICATIONS............................................................................................... 7123. MARKET LOT....................................................................................................................... 7224. TRADING OF BONDS .......................................................................................................... 7225. MODE OF TRANSFER OF BONDS ..................................................................................... 7226. COMMON FORM OF TRANSFER ....................................................................................... 7227. INTEREST ON APPLICATION MONEY AGAINST WHICH ALLOTMENT IS MADE........... 7228. INTEREST ON REFUNDED MONEY AGAINST WHICH ALLOTMENT IS NOT MADE.... 7229. INTEREST ON THE BONDS............................................................................................... 7230. BUSINESS DAY/ WORKING DAY ....................................................................................... 7331. EFFECT OF HOLIDAYS ...................................................................................................... 7332. DAY COUNT CONVENTION............................................................................................... 7333. ILLUSTRATION OF CASH FLOWS .................................................................................... 73-7434. RECORD DATE .................................................................................................................. 7435. DEDUCTION OF TAX AT SOURCE................................................................................... 74-7536. PUT & CALL OPTION ......................................................................................................... 7537. REDEMPTION..................................................................................................................... 7638. EVENT OF DEFAULT ......................................................................................................... 7639. ADDITIONAL COVENANT.................................................................................................. 7640. SETTLEMENT/ PAYMENT ON REDEMPTION .................................................................. 7641. LIST OF BENEFICIAL OWNERS ........................................................................................ 7642. SUCCESSION ..................................................................................................................... 7743. WHO CAN APPLY ............................................................................................................... 77-7844. WHO ARE NOT ELIGIBLE TO APPLY FOR BONDS ........................................................ 7845. DOCUMENTS TO BE PROVIDED BY INVESTORS .......................................................... 7846. HOW TO APPLY.................................................................................................................. 78-7947. FORCE MAJEURE .............................................................................................................. 7948. APPLICATIONS UNDER POWER OF ATTORNEY............................................................ 7949. APPLICATION BY MUTUAL FUNDS .................................................................................. 7950. APPLICATION BY PROVIDENT FUNDS, SUPERANNUATION FUNDS AND GRATUITY

FUNDS……………………………………………………………………………………………. 8051. ACKNOWLEDGEMENTS .................................................................................................... 8052. BASIS OF ALLOCATION .................................................................................................... 8053. RIGHT TO ACCEPT OR REJECT APPLICATIONS........................................................... 8054. PAN………….…….............................................................................................................. 8055. SIGNATURES ..................................................................................................................... 8056. NOMINATION FACILITY..................................................................................................... 8057. RIGHT OF BONDHOLDER(S)............................................................................................ 8058. MODIFICATION OF RIGHTS .............................................................................................. 8059. FUTURE BORROWINGS .................................................................................................... 8160. BOND/ DEBENTURE REDEMPTION RESERVE (“DRR”).................................................. 8161. NOTICES............................................................................................................................. 8162. JOINT-HOLDERS ................................................................................................................ 8163. DISPUTES & GOVERNING LAW ........................................................................................ 8164. INVESTOR RELATIONS AND GRIEVANCE REDRESSAL............................................ 8165. PURCHASE / FUNDING OF BONDS BY THE BANK......................................................... 8166. CONDITIONS PRECEDENT TO SUBSCRIPTION OF BONDS …………………………….. 8267. CONDITIONS SUBSEQUENT TO SUBSCRIPTION OF BONDS……………………………… 82

68. RIGHT TO RE-PURCHASE, RE-ISSUE OR CONSOLIDATE THE BONDS………………. 8269. RIGHT TO FURTHER ISSUE UNDER THE ISINS…………………………………………… 8270. RISK FACTORS……………………………………………………………………………………… 82-83

X. CREDIT RATING FOR THE BONDS.................................................................................................. 84XI. TRUSTEES FOR THE BONDHOLDERS ........................................................................................... 84

XII. STOCK EXCHANGE WHERE BONDS ARE PROPOSED TO BE LISTED ..................................... 85XIII. MATERIAL CONTRACTS & AGREEMENTS INVOLVING FINANCIAL OBLIGATIONS OF THE

ISSUER............................................................................................................................................ 85A. MATERIAL CONTRACTS...................................................................................................... 85B. DOCUMENTS....................................................................................................................... 85-86

XIV. DECLARATION ............................................................................................................................... 86XV. ANNEXURES

A. COPY OF RATING LETTER FROM CARE LIMITEDB. COPY OF RATING LETTER FROM CRISIL RATINGC. COPY OF CONSENT LETTER FROM BOND TRUSTEED. APPLICATION FORM FOR SUBSCRIPTION


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I. DISCLAIMER

1. DISCLAIMER OF THE ISSUER:

This Private Placement Offer Letter is neither a Prospectus nor a Statement in Lieu of Prospectus and is prepared inaccordance with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issuedvide circular no. LAD-NRO/GN/2008/13/127878 dated June 06, 2008, as amended and Securities and Exchange Board ofIndia (Issue and Listing of Debt Securities) (Amendment) Regulations, 2012 issued vide circular no. LAD-NRO/GN/2012-13/19/5392 dated October 12, 2012, as amended, Securities and Exchange Board of India (Issue and Listing of DebtSecurities) (Amendment) Regulations, 2014 issued vide circular no. LAD-NRO/GN/2013- 14/43/207 dated January 31,2014, as amended and Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment)Regulations, 2015 issued Vide Circular No. LAD-NRO/GN/2014-15/25/539 dated March 24, 2015, Securities andExchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2016 issued vide circular no.SEBI/LAD-NRO/GN/2016-17/004 dated May 25, 2016, Securities and Exchange Board of India Circular CIR/IMD/DF-1/122/2016 dated November 11, 2016, SEBI/HO/DDHS/CIR/P/2020/199 dated October 6, 2020, Reserve Bank of IndiaMaster Circular on BASEL III Capital Regulations issued vide RBI/2015-16/58 DBR NO.BP.BC.1/21.06.201/2015-16dated July 1, 2015, clarifications thereon issued by RBI vide RBI/2015-16/285 DBR.NO.BP.BC.71/21.06.201/2015-16dated January 14, 2016 and RBI Circular RBI/2016-17/222 DBR.BP.BC.No.50/21.06.201/2016-17 dated 02.02.2017,Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preference Shares)Regulation, 2013 as amended, read with SEBI circular SEBI/HO/DDHS/CIR/P/2020/199 dated October 6, 2020. ThisPrivate Placement Offer Letter does not constitute an offer to public in general to subscribe for or otherwise acquire theBonds to be issued by Indian Bank (the “Issuer”/ the “Bank”). This Private Placement Offer Letter is for the exclusive useof the addressee and it should not be circulated or distributed to third party (ies). It is not and shall not be deemed toconstitute an offer or an invitation to the public in general to subscribe to the Bonds issued by the Issuer. This bond issueis made strictly on private placement basis. Apart from this Private Placement Offer Letter, no offer document orprospectus has been prepared in connection with the offering of this bond issue or in relation to the Issuer.

The issue will be under the electronic book mechanism as required in terms of the SEBI circularSEBI/HO/DDHS/CIR/P/2018/05 dated January 05, 2018 and SEBI circular SEBI/HO/DDHS/CIR/P/2018/122 dated August16, 2018 and any amendments thereto ("SEBI EBP Circular") read with "Operational Guidelines for BSE ElectronicBidding Platform" issued by BSE Ltd. and any amendments thereto ("BSE EBP Operating Guidelines"). (The SEBI EBPCircular and the BSE EBP Operating Guidelines shall herein after be collectively referred to as the "OperationalGuidelines").

This Private Placement Offer Letter does not constitute an offer to public in general to subscribe for or otherwise acquirethe Bonds to be issued by Indian Bank (the “Issuer”/ the “Bank”). This Private Placement Offer Letter is for the exclusiveuse of the addressee and it should not be circulated or distributed to third party (ies). It is not and shall not be deemed toconstitute an offer or an invitation to the public in general to subscribe to the Bonds issued by the Issuer. This bond issueis made strictly on private placement basis. Apart from this Private Placement Offer Letter, no offer document orprospectus has been prepared in connection with the offering of this bond issue or in relation to the Issuer.

This Private Placement Offer Letter is not intended to form the basis of evaluation for the prospective subscribers towhom it is addressed and who are willing and eligible to subscribe to the Bonds issued by the Bank. This PrivatePlacement Offer Letter has been prepared to give general information regarding the Bank to parties proposing to invest inthis issue of Bonds and it does not purport to contain all the information that any such party may require. The Bankbelieves that the information contained in this Private Placement Offer Letter is true and correct as of the date hereof theBank does not undertake to update this Private Placement Offer Letter to reflect subsequent events and thus prospectivesubscribers must confirm about the accuracy and relevancy of any information contained herein with the Bank. However,the Bank reserves its right for providing the information at its absolute discretion. The Bank accepts no responsibility forstatements made in any advertisement or any other material and anyone placing reliance on any other source ofinformation would be doing so at his own risk and responsibility.

Prospective subscribers must make their own independent evaluation and judgment before making the investment andare believed to be experienced in investing in debt markets and are able to bear the economic risk of investing in Bonds.It is the responsibility of the prospective subscriber to have obtained all consents, approvals or authorizations required bythem to make an offer to subscribe for, and purchase the Bonds. It is the responsibility of the prospective subscriber toverify if they have necessary power and competence to apply for the Bonds under the relevant laws and regulations inforce. Prospective subscribers should conduct their own investigation, due diligence and analysis before applying for theBonds. Nothing in this Private Placement Offer Letter should be construed as advice or recommendation by the Issuer orby the Arrangers to the Issue to subscribers to the Bonds. The prospective subscribers also acknowledge that theArrangers to the Issue do not owe the subscribers any duty of care in respect of this private placement offer to subscribefor the Bonds. Prospective subscribers should also consult their own advisors on the implications of application, allotment,sale, holding, ownership and redemption of these Bonds and matters incidental thereto.

This Private Placement Offer Letter is not intended for distribution. It is meant for the consideration of the person to whomit is addressed and should not be reproduced by the recipient. The securities mentioned herein are being issued onprivate placement basis and this offer does not constitute a public offer/invitation.

The Issuer reserves the right to withdraw the private placement of the bond issue prior to the issue closing date(s) in theevent of any unforeseen development adversely affecting the economic and regulatory environment or any other forcemajeure condition including any change in applicable law. In such an event, the Issuer will refund the application money, ifany, along with interest payable on such application money, if any.


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2. DISCLAIMER OF THE SECURITIES & EXCHANGE BOARD OF INDIA:

This Private Placement Offer Letter has not been filed with Securities and Exchange Board of India (“SEBI”). The Bondshave not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of this PrivatePlacement Offer Letter. It is to be distinctly understood that this Private Placement Offer Letter should not, in any way, bedeemed or construed that the same has been cleared or vetted by SEBI. SEBI does not take any responsibility either forthe financial soundness of any scheme or the project for which the Issue is proposed to be made, or for the correctness ofthe statements made or opinions expressed in this Private Placement Offer Letter. The Issue of Bonds being made onprivate placement basis, filing of this Private Placement Offer Letter is not required with SEBI.

3. DISCLAIMER OF THE STOCK EXCHANGE:

As required, a copy of this Private Placement Offer Letter has been submitted to National Stock Exchange of IndiaLimited (hereinafter referred to as “NSE”/ “Stock Exchange”) for seeking in-principle approval for listing of the Bonds. It isto be distinctly understood that such submission of the Private Placement Offer Letter with NSE or hosting the same on itswebsite should not in any way be deemed or construed that the Private Placement Offer Letter has been cleared orapproved by NSE nor does it in any manner warrant, certify or endorse the correctness or completeness of any of thecontents of this Private Placement Offer Letter; nor does it warrant that this Issuer’s securities will be listed or continue tobe listed on the Stock Exchange; nor does it take responsibility for the financial or other soundness of this Issuer, itspromoters, its management or any scheme or project of the Issuer. Every person who desires to apply for or otherwiseacquire any securities of this Issuer may do so pursuant to independent inquiry, investigation and analysis and shall nothave any claim against the Stock Exchange whatsoever by reason of any loss which may be suffered by such personconsequent to or in connection with such subscription/ acquisition whether by reason of anything stated or omitted to bestated herein or any other reason whatsoever.

4. DISCLAIMER OF THE RESERVE BANK OF INDIA:

The Bonds have not been recommended or approved by the RBI nor does RBI guarantee the accuracy or adequacy ofthis Private Placement Offer Letter. It is to be distinctly understood that this Private Placement Offer Letter should not, inany way, be deemed or construed that the Bonds have been recommended for investment by the RBI. RBI does not takeany responsibility either for the financial soundness of the Issuer, or the Bonds being issued by the Issuer or for thecorrectness of the statements made or opinions expressed in this Private Placement Offer Letter. The potential investorsmay make investment decision in respect of the Bonds offered in terms of this Private Placement Offer Letter solely onthe basis of their own analysis and RBI does not accept any responsibility about servicing/repayment of such investment.

CLAIMECT OF JURISDICTION5. DISCLAIMER IN RESPECT OF JURISDICTION:

The private placement of debentures is made in India to Companies, Corporate Bodies, Trusts registered under theIndian Trusts Act, 1882, Societies registered under the Societies Registration Act, 1860 or any other applicable laws,provided that such Trust/ Society is authorised under constitution/ rules/ byelaws to hold debentures in a Company, IndianMutual Funds registered with SEBI, Indian Financial Institutions, Insurance Companies, Commercial Banks includingRegional Rural Banks and Cooperative Banks, Provident, Pension, Gratuity, Superannuation Funds as defined underIndian laws. The Information Memorandum does not, however, constitute an offer to sell or an invitation to subscribe tosecurities offered hereby in any other jurisdiction to any person to whom it is unlawful to make an offer or invitation insuch jurisdiction. Any person into whose possession this Information Memorandum comes is required to inform him aboutand to observe any such restrictions. Any disputes arising out of this issue will be subject to the exclusive jurisdiction ofcourts and tribunals of Chennai, Tamil Nadu. All information considered adequate and relevant about the Issuer has beenmade available in this Information Memorandum for the use and perusal of the potential investors and no selective oradditional information would be available for a section of investors in any manner whatsoever.

6. DISCLAIMER BY BOND/DEBENTURE TRUSTEE:

The Debenture/Bond trustee is not a guarantor and will not be responsible for any non-payment of interest andredemption and/or any loss or claim. Investors should carefully read and note the contents of the DisclosureDocument/Disclosure Documents. Each Prospective investor should make its own independent assessment of themerit of the investment in Bonds and the issuer Bank. Prospective investors should consult their own financial, legal, taxand other professional advisors as to the risks and investment considerations arising from an investment in the Bondsand should possess the appropriate resources to analyze such investment and suitability of such investment to suchinvestor's particular circumstance. Prospective investors are required to make their own independent evaluation andjudgment before making the investment and are believed to be experienced in Investing in debt markets and are able tobear the economic risk of investing in such instruments.

7. DISCLAIMER OF THE ARRANGER (S) TO THE ISSUE:

It is advised that the Issuer has exercised self-due-diligence to ensure complete compliance of prescribed disclosurenorms in this Private Placement Offer Letter. The role of Arrangers to the Issue (collectively referred to as “Arrangers”/“Arrangers to the Issue”) in the assignment is confined to marketing and placement of the bonds on the basis of thisPrivate Placement Offer Letter as prepared by the Issuer. The Arrangers have neither scrutinized/ vetted nor have theydone any due-diligence for verification of the contents of this Private Placement Offer Letter. The Arrangers shall use thisPrivate Placement Offer Letter for the purpose of soliciting subscription from a particular class of eligible investors in theBonds to be issued by the Issuer on private placement basis. It is to be distinctly understood that the aforesaid use of thisPrivate Placement Offer Letter by the Arrangers should not in any way be deemed or construed that the Private


Page 7 of 87

Placement Offer Letter has been prepared, cleared, approved or vetted by the Arrangers; nor do they in any mannerwarrant, certify or endorse the correctness or completeness of any of the contents of this Private Placement Offer Letter;nor do they take responsibility for the financial or other soundness of this Issuer, its promoters, its management or anyscheme or project of the Issuer. Arrangers are not responsible for compliance of any provision applicable to Issuer underrelevant SEBI regulations, RBI regulations and any other applicable laws. The Arrangers or any of their directors,employees, affiliates or representatives do not accept any responsibility and/or liability for any loss or damage arising ofwhatever nature and extent in connection with the use of any of the information contained in this Private Placement OfferLetter.

The Eligible Investors should carefully read this Disclosure Document. This Disclosure Document is for generalinformation purposes only, without regard to specific objectives, suitability, financial situations and needs of any particularperson and does not constitute any recommendation and the Eligible Investors are not to construe the contents of thisDisclosure Document as investment, legal, accounting, regulatory or Tax advice, and the Eligible Investors should consultwith its own advisors as to all legal, accounting, regulatory, Tax, financial and related matters concerning an investment inthe Bonds. This Disclosure Document should not be construed as an offer to sell or the solicitation of an offer to buy,purchase or subscribe to any securities mentioned therein, and neither this document nor anything contained herein shallform the basis of or be relied upon in connection with any contract or commitment whatsoever.

This Disclosure Document is confidential and is made available to potential investors in the Bonds on the understandingthat it is confidential. Recipients are not entitled to use any of the information contained in this Disclosure Document forany purpose other than in assisting to decide whether or not to participate in the Bonds. This document and informationcontained herein or any part of it does not constitute or purport to constitute investment advice in publicly accessiblemedia and should not be printed, reproduced, transmitted, sold, distributed or published by the recipient without the priorwritten approval from the Arranger and the Bank. This Disclosure Document has not been approved and will or may notbe reviewed or approved by any statutory or regulatory authority in India or by any stock exchange in India. Thisdocument may not be all inclusive and may not contain all of the information that the recipient may consider material.

Each person receiving this Disclosure Document acknowledges that:

1. Such person has been afforded an opportunity to request and to review and has received all additionalinformation considered by it to be necessary to verify the accuracy of or to supplement the information herein;and

2. Has not relied on the Arranger and/or its affiliates that may be associated with the Bonds in connection with itsinvestigation of the accuracy of such information or its investment decision.

Issuer hereby declares that the Issuer has exercised due-diligence to ensure complete compliance of applicabledisclosure norms in this Disclosure Document. The Arranger: (a) is not acting as trustee or fiduciary for the investors orany other person; and (b) is under no obligation to conduct any "know your customer" or other procedures in relation toany person. The Arranger is not responsible for (a) the adequacy, accuracy and/or completeness of any information(whether oral or written) supplied by the Issuer or any other person in or in connection with this Disclosure Document; or(b) the legality, validity, effectiveness, adequacy or enforceability of this Disclosure Document or any other agreement,arrangement or document entered into, made or executed in anticipation of or in connection with this DisclosureDocument; or (c) any determination as to whether any information provided or to be provided to any investor is non-publicinformation the use of which may be regulated or prohibited by applicable law or regulation relating to insider dealing orotherwise.

The Arranger or any of their directors, employees, affiliates or representatives do not accept any responsibility and/orliability for any loss or damage arising of whatever nature and extent in connection with the use of any of the informationcontained in this document. By accepting this Disclosure Document, investor(s) agree(s) that them Arranger will not haveany such liability.

Please note that:

(a) The Arranger and/or their affiliates may, now and/or in the future, have other investment andcommercial banking, trust and other relationships with the Issuer and with other persons ("OtherPersons");

(b) As a result of those other relationships, the Arranger and/or their affiliates may get information aboutOther Persons, the Issuer and/or the Issue or that may be relevant to any of them. Despite this, theArranger and/or their affiliates will not be required to disclose such information, or the fact that it is inpossession of such information, to any recipient of this Disclosure Document;

(c) The Arranger and/or their affiliates may, now and in the future, have fiduciary or other relationshipsunder which it, or they, may exercise voting power over securities of various persons. Thosesecurities may, from time to time, include securities of the Issuer; and

(d) The Arranger and/or their affiliates may exercise such voting powers, and otherwise perform itsfunctions in connection with such fiduciary or other relationships, without regard to its relationship tothe Issuer and/or the securities.”


Page 8 of 87

8. DISCLAIMER BY RATING AGENCY (IES):

Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make orhold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan orsecurity or any issuer. Ratings do not comment on the market price, the suitability of any investment, loan or security for aparticular investor (including without limitation, any accounting and/or regulatory treatment), or the tax-exempt nature ortaxability of payments made in respect of any investment, loan or security. Rating agency (ies) is neither advisors norproviding any financial advice or any legal, auditing, accounting, appraisal, valuation or actuarial services. A rating shouldnot be viewed as a replacement for such advice.

II. DEFINITIONS/ ABBREVIATIONS:

AY Assessment Year

ALM Asset Liability Management

ATM Automated Teller Machine

Allotment/ Allot/Allotted

The issue and allotment of the Bonds to the successful Applicants in the Issue

Allottee A successful Applicant to whom the Bonds are allotted pursuant to the Issue, either in full or inpart

Applicant/Investor A person who makes an offer to subscribe the Bonds pursuant to the terms of this PrivatePlacement Offer Letter and the Application Form

Application Form The form in terms of which the Applicant shall make an offer to subscribe to the Bonds andwhich will be considered as the application for allotment of Bonds in the Issue

Bondholder(s) Any person or entity holding the Bonds and whose name appears in the list of BeneficialOwners provided by the Depositories

BeneficialOwner(s)

Bondholder(s) holding Bond(s) in dematerialized form (Beneficial Owner of the Bond(s) asdefined in clause (a) of sub-section of Section 2 of the Depositories Act, 1996)

Board/ Board ofDirectors

The Board of Directors of Indian Bank or Committee thereof, unless otherwise specified

Bond(s) Listed, Unsecured, Non-Convertible, Subordinated, Fully Paid-Up, Perpetual, Basel IIICompliant Additional Tier 1 Bonds in the nature of Debentures for inclusion in Tier 1 Capital ofFace Value of `10 lakh each (“Bonds”) to be issued by Indian Bank (“Issuer” or the “Bank”)through private placement route under the terms of this Private Placement Offer Letter.

Brickwork/BWR Brickwork Ratings India Private Limited

CAR Capital Adequacy Ratio

CAGR Compounded Annual Growth

CARE CARE Ratings Limited

CAG Comptroller and Auditor General of India

CCB Capital Conservation Buffer

CDSL Central Depository Services (India) Limited

CET 1 Common Equity Tier 1

CRISIL CRISIL Ratings Limited

CRAR Capital to Risk Weighted Assets Ratio

CRR Cash Reserve Ratio

Debt Securities Non-Convertible debt securities which create or acknowledge indebtedness and includedebenture, bonds and such other securities of a body corporate or any statutory bodyconstituted by virtue of a legislation, whether constituting a charge on the assets of the Issueror not, but excludes security bonds issued by Government or such other bodies as may bespecified by SEBI, security receipts and securitized debt instruments

BASEL IIIGuidelines

Master Circular - Basel III Capital Regulations, RBI/2015-16/58DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 read with RBI circularDBR.No.BP.BC.71/21.06.201/2015-16 dated January 14, 2016 and RBI circularDBR.BP.BC.No.50/21.06.201/2016-17 dated February 2, 2017, each as amended from timeto time.

Deemed Date ofAllotment

The cut-off date declared by the Issuer from which all benefits under the Bonds includinginterest on the Bonds shall be available to the Bondholder(s). The actual allotment of Bonds(i.e. approval from the Board of Directors or a Committee thereof) may take place on a dateother than the Deemed Date of Allotment

Depository A Depository registered with SEBI under the SEBI (Depositories and Participants)Regulations, 2018, as amended from time to time

Depositories Act The Depositories Act, 1996, as amended from time to time

DepositoryParticipant

A Depository participant as defined under Depositories Act


Page 9 of 87

DisclosureDocument/ PrivatePlacement OfferLetter

Disclosure Document/Private Placement Offer Letter dated …………………… for PrivatePlacement of Listed, Unsecured, Subordinated, Perpetual, Non-Convertible, Taxable, FullyPaid up, Basel III Compliant Additional Tier 1 Bonds of face value of `10 Lakh (Rupees TenLakh) each in the nature of Debentures (“Bonds”) aggregating to total issue not exceeding`952 crore with a base issue size of `200 crore and a green shoe option to retainoversubscription up to `752 crore (The “Issue”) eligible for inclusion in Tier 1 Capital by IndianBank (The “Issuer” or The “Bank”)

DP Depository Participant

DRR Bond/ Debenture Redemption Reserve

EBP Electronic Bidding Platform

BSE EBPGuidelines

Operational Guidelines for issuance of Securities on Private Placement basis through anElectronic Book Mechanism” issued by BSE vide their Notice No. 20180928-24 datedSeptember 28, 2018 as amended and modified from time to time.

EPS Earnings Per Share

FDI Foreign Direct Investment

FEDAI Foreign Exchange Dealers Association of India

FIs Financial Institutions

FIIs Foreign Institutional Investors

FPIs Foreign Portfolio Investors

Financial Year/ FY Period of twelve months ending March 31, of that particular year

GIR General Index Registration Number

GoI Government of India/ Central Government

HUF Hindu Undivided Family

ICRA ICRA Limited

IFSC Indian Financial System Code

INR/ ` Indian National Rupee

Issuer/ Bank Indian Bank, constituted under the Banking Companies (Acquisition and Transfer ofUndertakings) Act, 1970 and having its Corporate Office at 254-260, Avvai ShanmugamSalai, Chennai - 600014

I.T. Act The Income Tax Act, 1961, as amended from time to time.

Listing Agreement Uniform Listing Agreement Prescribed by Securities and Exchange Board of India vide circularno. CIR/CFD/CMD/6/2015 dated October 13, 2015.

Loss Absorbency The Bonds shall be subject to loss absorbency features applicable for non-equity capitalinstruments vide Master Circular No. DBR.No.BP.BC.1/21.06.201/2015-16 dated July 01,2015 issued by the Reserve Bank of India on Basel III Capital Regulations covering terms andconditions for issue of debt capital instruments for inclusion as Tier 1 Capital (Annex 5 of theMaster Circular) and minimum requirement to ensure loss absorbency of non-equityregulatory capital instruments at the Point of Non Viability (PONV) (Annex 16 of the MasterCircular) and any other amendment in this regard from time to time. Accordingly, the Bondsmay, at the option of the RBI, be permanently written off upon occurrence of the trigger eventcalled the “Point of Non Viability Trigger”. PONV trigger event shall be as defined in the RBIRegulations and shall be determined by the RBI.

MD & CEO Managing Director & Chief Executive Officer of Indian Bank

MF Mutual Fund

MoF Ministry of Finance

NEFT National Electronic Fund Transfer

NPA Non Performing Asset

NRI Non Resident Indian

NSDL National Securities Depository Limited

NSE National Stock Exchange of India Limited

OCBs Overseas Corporate Bodies

PAN Permanent Account Number

PCR Provision Coverage Ratio

PONV The Bonds may, at the option of the RBI, be permanently written off upon occurrence of thetrigger event called the “Point of Non Viability Trigger” (“PONV Trigger”)

PONV Trigger The PONV Trigger event shall be the earlier of:

a) a decision that the write off, without which the Bank would become non-viable, isnecessary, as determined by the Reserve Bank of India; and


Page 10 of 87

b) the decision to make a public sector injection of capital, or equivalent support, withoutwhich the Bank would have become non-viable, as determined by the relevant authority.

Such a decision would invariably imply that the write-off consequent upon the trigger eventmust occur prior to any public sector injection of capital so that the capital provided by thepublic sector is not diluted. As such, there will not be any residual claims on the issuer whichare senior to ordinary shares of the bank, following a trigger event and when write-off isundertaken.

For the purpose of these guidelines, a non-viable bank will be a bank which, owing to itsfinancial and other difficulties, may no longer remain a going concern on its own in the opinionof the Reserve Bank unless appropriate measures are taken to revive its operations and thus,enable it to continue as a going concern. The difficulties faced by a bank should be such thatthese are likely to result in financial losses and raising the Common Equity Tier 1 capital of thebank should be considered as the most appropriate way to prevent the bank from turning non-viable. Such measures would include permanent write-off of non-equity regulatory capital, fullyor partially, with or without other measures as considered appropriate by the Reserve Bank.In rare situations, a bank may also become non-viable due to non-financial problems, such asconduct of affairs of the bank in a manner which is detrimental to the interest of depositors,serious corporate governance issues, etc. In such situations raising capital is not considered apart of the solution and therefore, may not attract provisions of this framework.

A bank facing financial difficulties and approaching PONV will be deemed to achieve viability ifwithin a reasonable time in the opinion of Reserve Bank of India; it will be able to come out ofthe present difficulties if appropriate measures are taken to revive it. The measures includingwrite-off/public sector injection of funds are likely to:a) Restore depositors’/investors’ confidence;b) Improve rating/creditworthiness of the bank and thereby improve its borrowing capacity

and liquidity and reduce cost of funds; andc) Augment the resource base to fund balance sheet growth in the case of fresh injection of

funds.

CET1 TriggerEvent

CET 1 Trigger Event means that the Bank’s CET 1 Ratio goes below the minimum CET 1Ratio prescribed by RBI under its Basel III Regulations.

In terms of RBI Circular dated September 29, 2020, the pre-specified trigger for lossabsorption through conversion / write-down of Additional Tier 1 instruments (Perpetual Non-Convertible Preference Shares and Perpetual Debt Instruments), shall remain at 5.5 per centof risk weighted assets (RWAs) and will rise to 6.125 per cent of RWAs from April 1, 2021.

Private Placement An Offer or invitation to not more than two hundred (200) persons to subscribe to the Bonds.

RBI Reserve Bank of India

RBI Regulations/BASEL IIIGuidelines

Master Circular No.DBR.No.BP.BC.1/21.06.201/2015-16 dated July 01, 2015 issued by theReserve Bank of India on Basel III capital regulations covering terms and conditions for issueof debt capital instruments for inclusion as Tier 1 Capital (Annex 5 of the Master Circular) andminimum requirement to ensure loss absorbency of non-equity regulatory capital instrumentsat the Point of Non Viability (PONV) (Annex 16 of the Master Circular) and any otheramendment in this regard from time to time.

Record Date Reference date for payment of interest/repayment of principal

Registrar CAMEO Corporate Services Ltd. (CAMEO)

RTGS Real Time Gross Settlement

RWA Risk Weighted Asset

SEBI The Securities and Exchange Board of India, constituted under the SEBI Act, 1992

SEBI Act Securities and Exchange Board of India Act, 1992, as amended from time to time

SEBI DebtRegulations

Securities and Exchange Board of India (issue and listing of debt securities) Regulations,2008 issued vide circular no. LAD-NRO/GN/2008/13/127878 dated June 06, 2008, Securitiesand Exchange Board of India (Issue and Listing of Non-Convertible Redeemable PreferenceShares) Regulations, 2013 issued vide circular no. LADNRO/ GN/2013-14/11/6063 datedJune 12, 2013, Securities and Exchange Board of India’s circular on issues pertaining toprimary issuance of debt securities issued vide IR/IMD/DF/18/2013 dated October 29, 2013read with SEBI circular no CIR/IMD/DF-1/122/2016 dated November 11, 2016,SEBI/HO/DDHS/CIR/P/2020/199 dated October 6, 2020 and SEBI (Listing Obligations AndDisclosure Requirements), Regulations 2015, issued vide circular no. SEBI/LAD-NRO/GN/2015-16/013 dated September 2, 2015, each as amended from time to time.

SEBI EBP Circular Circular no. CIR/IMD/DF1/48/2016 dated April 21, 2016, SEBI/HO/DDHS/CIR/P/2018/05dated January 5, 2018 and SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 asamended from time to time.

SLR Statutory Liquidity Ratio

TDS Tax Deducted at Source


Page 11 of 87

The Act The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 as amendedfrom time to time.

The Issue/ TheOffer/ PrivatePlacement

Disclosure Document for Private Placement of Listed, Unsecured, Non-Convertible,Subordinated, Fully Paid-Up, Perpetual, Basel III Compliant Additional Tier 1 Bonds, in thenature of Debentures of Face Value of `10 Lakh Each (“Bonds”) aggregating to `200 Crorewith a Green Shoe Option of `752 Crore (aggregating to not exceeding `952 Crore) (The“Issue”) eligible for inclusion in Tier 1 Capital by Indian Bank (The “Issuer” Or The “Bank”)

Additional Tier 1Bonds

Tier 1 Bonds as defined in applicable Basel III Guidelines

Trustee Trustee for the Bondholders in this case being Axis Trustee Services Limited

UTR Unique Transaction Reference


Page 12 of 87

III. ISSUER INFORMATION:

Name of the Issuer : Indian BankRegistered Office : 66, Rajaji Salai, Chennai – 600001Corporate Office : 254-260, Avvai Shanmugam Salai, Chennai - 600014Tel. No. : (044) 28134076/4484/4698Fax No. : (044) 28134075Website : www.lndianbank.inE-mail : [email protected], [email protected]

Compliance Officer for : Shri Dina Nath Kumarthe Issue Assistant General Manager & Company Secretary

Investor Services CellIndian BankCorporate Office254-260, Avvai Shanmugam Salai, Chennai - 600014(044) 28134076/4484/4698(044) 28134075E-Mail : [email protected], [email protected]

Chief Financial Officer : Shri Arun Kumar Bansalof the Issuer General Manager - CFO

Indian BankCorporate Office254-260, Avvai Shanmugam Salai, Chennai - 600014Tel : (044) - 28134574E-mail: [email protected]

Trustees for the : Axis Trustee Services LimitedBond Holders (issue) The Ruby, 2

ndFloor

SW, 29 Senapati Bapat Marg,Dadar WestMumbai - 400028Tel No: (022) 62300451Fax No: (022) 62300700E-mail: [email protected]

Registrar to the : CAMEO Corporate Services Ltd.Issue Subramanian Building, 1, Club House Road

Chennai - 600 002Tel No. 044 28460718; Fax No. 044 28460129Fax : +91 33 2287 0263E-mail: [email protected]

Credit Rating : CARE Ratings LimitedAgencies Coporate Office: 4th Floor,

Road, Off Eastern Express Highway, Sion (E),Mumbai - 400 022.Tel: +9122 6754 3456Fax: +91-22- 022 6754 3457E-mail: [email protected]

CRISIL LimitedCRISIL House, Central Avenue,Hiranandani Business Park.Powai. Mumbai - 400076.Tel: +91 22 33423000Fax: +91 22 40405800E-mail: [email protected]


Page 13 of 87

Auditors to the Issue : Statutory Central Auditors

1. P S Subramania Iyer & Co.Chartered AccountantsJayashree ApartmentsNew No.60, Old No. 39,Second Main Road,Raja Annamalai Puram,Chennai - 600028E-mail: [email protected]. No.: 9380246125, 9789975289,

9381025003, 9444382017

2. M Thomas & Co.Chartered AccountantsFlat No.G-11, Marina Square53/27 Santhome High Road, MylaporeChennai - 600004

E-mail: [email protected]. No.: 98400 19686

3. K C Mehta & Co.Chartered AccountantsSecond Floor, MeghdhanushRace Course Circle,Vadodara -390007

E-mail: [email protected], [email protected]. No.: 9924174900, 9924860500

4. Sriramamurthy & Co.Chartered AccountantsFlat No. 3C, #47-9-39/17, Sai Sadan Apartments,Dwarka Nagar, Vishakhapatnam

E-mail : [email protected], [email protected]. No.: 9246162022, 9840105050

5. Ravi Rajan & Co. LLPChartered Accountants505A, 5

thFloor, Rectangle 1, District Centre,

Saket, New Delhi – 110017E-mail: [email protected], [email protected]. No.: 9810033815, 9971922533, 9986648062


Page 14 of 87

IV. DETAILS OF DIRECTORS OF THE ISSUER

1. CURRENT DIRECTORS OF THE ISSUER:

The composition of the Board of Directors of the Issuer as on the date of this Private Placement Offer Letter is as under:

Sl.No.

Name, Designation and DIN Age Address Date ofAppointment

Details ofDirectorship inentities other thanIndian Bank

1 Ms. Padmaja ChunduruManaging Director & CEODIN: 08058663

58 Corporate Office,254-260, Avvai

Shanmugam Salai,RoyapettahChennai- 600014

21.09.2018 Nil

2 Shri. Shenoy Vishwanath VExecutive DirectorDIN: 07561455


Shanmugam Salai,RoyapettahChennai- 600014

01.12.2018 Universal SompoGeneral InsuranceCo. Ltd.

3 Shri K. RamachandranExecutive Director*DIN - 08589628


Shanmugam Salai,RoyapettahChennai -600014

01.04.2020 1. Ind Bank HousingLtd

2. Indbank MerchantBanking ServicesLtd

4 Shri. Sanjeev KaushikGovt. Nominee DirectorDIN: 02842527

51 Additional Secretary,Ministry of FinanceDept of Financial ServicesJeevandeep BuildingParliament StreetNew Delhi -110001

24.01.2020 1. The New IndiaAssurance CompanyLimited

2. Kerala StateBeverages(Manufacturing andMarketing)Corporation Ltd

3. Kerala TourismInfrastructure Limited

4. Oberoi KeralaHotels And ResortsLtd

5. Kerala TransportDevelopment FinanceCorporation Ltd.

5 Shri. S K PanigrahyRBI Nominee Director

DIN: N.A.

56 Regional Director,Reserve Bank of India

Near Gandhi BridgePost Bag No: 1Ahmedabad 380 014

26.04.2019 Nil

6 Shri. Salil Kumar JhaPart-time Non-Official DirectorDIN: 02417261

66 C-300, SFS Flats,Sheikh Sarai Phase 1New Delhi-110 017

27.12.2017 Nil

7 Dr. Bharath Krishna SankarShareholder Director

DIN: 00473636

55 No:5, Jawahar Road,ChokkikulamMadurai-625002

21.12.2017 1. Aparajitha DynamicSynergies PrivateLimited

2. Dinram HoldingsPrivate Limited

3. Aparajitha PropertyShelters PrivateLimited

4. AparajithaSoftware ServicesPrivate Limited

5. Edsix Brainlab


Page 15 of 87

Sl.No.

Name, Designation and DIN Age Address Date ofAppointment

Details ofDirectorship inentities other thanIndian Bank

Private Limited

6. Dasa ConsultingPrivate Limited

7. AparajithaCorporate ServicesPrivate Limited

8. AparajithaPartnering ProgrezPrivate Limited

*Shri K. Ramachandran assumed the office as Executive Director of the Bank w.e.f. 01.04.2020. Prior to this, he wasExecutive Director of erstwhile Allahabad Bank from 26.12.2018 to 31.03.2020. Allahabad Bank has been amalgamatedinto Indian Bank w.e.f. 01.04.2020.

None of the current directors of the Bank appear in the RBI’s defaulter list or ECGC’s default list, if any.

2. CHANGE IN DIRECTORS OF THE ISSUER SINCE LAST THREE YEARS:

Changes in the Board of Directors of the Issuer during the last three years are as under:

FY 2019-21 (01.04.2019 - 30.11.2020)

Sl.No.

Name, Designation & DIN Date ofAppointment

Date ofCessation

Reason/Remarks

1 Shri M.K. Bhattacharya 18.02.2017 andextension of term on

18.02.2020

30.11.2020 Superannuation

2 Shri K. RamachandranExecutive Director

01.04.2020 30.06.2021 He was Executive Director oferstwhile Allahabad Bank from26.12.2018 to 31.03.2020.Allahabad Bank has beenamalgamated into Indian Bankw.e.f. 01.04.2020.

3 Shri Vinod Kumar NagarShareholder Director

01.07.2017 30.06.2020 Completion of three years term

4 Shri Padmanaban VittalDass Part-time Non OfficialDirector

21.10.2019 31.03.2020 Completion of term of appointment

5 Shri Sanjeev KaushikGoI Nominee Director

24.01.2020 Until furtherorders

Nil

6 Shri Vijay Kumar GoelPart-time Non-OfficialDirector under CharteredAccountant Category


7 Shri. S K PanigrahyRBI Nominee Director

26.04.2019 Until furtherorders

Nil

8 Shri. Padmanaban VittalDass Part time Non-OfficialDirector


9 Shri J.K. DashRBI Nominee Director


10 Shri Amit AgrawalGovt. Nominee Director


11 Shri M K BhattacharyaExecutive Director

18.02.2017 17.02.2020; Termextended forfurther period upto 30.11.2020vide GoINotification dated18.02.2020


Page 16 of 87

FY 2018-19

1 Shri Shenoy Vishwanath V.Executive Director

01.12.2018 30.11.2021 As per GoI Notification

2 Shri A.S. RajeevEx-Executive Director

22.01.2016 30.11.2018 Elevation as MD & CEO of Bank ofMaharashtra as per GoI Notification

3 Ms. Padmaja ChunduruMD & CEO

21.09.2018 31.08.2021 As per GoI Notification

4 Shri Kishor KharatEx-MD & CEO


5 Shri Amit AgrawalGovt. Nominee Director

05.04.2018 24.01.2020 As per GOI Notification

6 Shri T C VenkatSubramanianPart-time Non-OfficialDirector cum Non-executiveChairman


7 Ms Mudita MishraGovt. Nominee Director

07.01.2016 04.04.2018 As per GOI Notification

FY 2017-18

1 Shri Salil Kumar JhaPart Time Non-OfficialDirector

27.12.2017 26.12.2020 Appointment as per GoI Notification

2 Dr. Bharath Krishna SankarShareholder Director

21.12.2017 20.12.2020 Elected as Shareholder Director for aperiod of 3 years.





5 Shri Sriram RamachandranShareholder Director


6 Shri Mahesh Kumar JainEx-MD & CEO

02.11.2015 03.04.2017 Appointed MD & CEO of IDBI Bank asper GoI Notification

7 Shri Kishor KharatEx – MD & CEO

04.04.2017 13.08.2018 Appointed MD & CEO of Indian Bankas per GoI Notification


Page 17 of 87

V. DETAILS OF STATUTORY AUDITORS OF THE ISSUER

A. CURRENT STATUTORY AUDITORS OF THE ISSUER:

Details of the Current Statutory Central Auditors of the Issuer is as under:

Name of Statutory Auditors Firm RegistrationNo.

Address & Contact Details Auditor since

P S Subramania Iyer & Co.Chartered Accountants

004104S Jayashree ApartmentsNew No.60, Old No. 39,Second MainRoad, Raja Annamalai Puram,Chennai - 600028Email: [email protected] 9380246125, 9789975289

9444382017, 9381025003

December, 2017

M Thomas & Co.Chartered Accountants

004408S Flat No.G-11, Marina Square53/27 Santhome High Road, MylaporeChennai - 600004Email: [email protected] 9840019686, 9381014405

December, 2017

K C Mehta & Co.Chartered Accountants

106237W Second Floor, MeghdhanushRace Course Circle,Vadodara -390007E-mail- [email protected]@kcmehta.comMob. No.- 9924174900, 9924860500

December, 2018

Sriramamurthy & Co.Chartered Accountants

003032S Flat No. 3C, #47-9-39/17, Sai SadanApartments, Dwarka Nagar,Vishakhapatnam

E-mail - [email protected] 9848192636, 92461620229840105050

December, 2019

Ravi Rajan & Co. LLPChartered Accountants

009073N/N500320 505A, 5th

Floor, Rectangle 1, DistrictCentre, Saket, New Delhi – 110017E-mail - [email protected]

[email protected]@[email protected]

Mob.- 9810033815, 99719225339986648062

December, 2019

B. CHANGES IN STATUTORY AUDITORS OF THE ISSUER SINCE LAST THREE YEARS:

Changes in the statutory auditors of the Issuer during the last three years are as under:

Name Address Date ofAppointment

Date ofCessation

Auditor ofthe Issuersince

Remarks

M/S Pams & Associates

Chartered Accountants

Plot No. 506,

Unit IX, Bhoi Nagar

Bheind Baya Baba Math

Bhubaneswar-751022

December,

2016

December,

2019

NA Completion

of Audit

Tenure of

three years

M/S Gandhi Minocha & Co.

Chartered Accountants

B-6 Shakti Nagar

Extension

New Delhi-110052

December,

2016

December,

2019

NA Completion

of Audit

Tenure of

three years


Page 18 of 87

VI. BRIEF SUMMARY OF BUSINESS/ ACTIVITIES OF ISSUER AND ITS LINE OF BUSINESS

1. HIGHLIGHTS

A premier Public Sector, Government of India Undertaking:

Established on 15th August 1907 as part of the Swadeshi movement

Serving the nation with a team of 40130 dedicated staff as on 30.09.2020

Business crossed the milestone mark of `8.67 trillion

Operating Profit: `2995 crore for the quarter ended September 30, 2020.

Net Profit: `412 crore for the quarter ended September 30, 2020.

As at 31st

March 2020, Bank has a Business Network consisting of 5993 Branches across India, 5343 ATMs

and Bunch Note Acceptors (BNA), 549 e-lounges and 6 Mobile ATMs, 9057 BCs reaching out to customers

across the length and breadth of the country.

Return on Assets (RoA) at 0.28 per cent for the quarter ended September 30, 2020.

CRAR was strong at 13.64 % as at end of September 30, 2020. The Bank’s Provision Coverage Ratio as on

September 30, 2020 is 84.39 per cent.

Indian Bank’s Information Systems & Security processes certified with ISO: 27001:2013 standard and is

amongst very few Banks certified worldwide.

Awards & Accolades :

General:

Technology Senate Digital South India Award – 2019 Under category “Enterprise Application”-

awarded by Financial Express.

‘Trusted Bank’ in the Nationalized Banks Category April 2019 – voted by Readers Digest.

1st

in Swatchhta Pakhwada 2019 for outstanding contribution to cleanliness drive – awarded by

Government of India.

Agriculture:

1st among PSBs for Excellence in performance under “SHG Bank Linkage programme” in Tamil

Nadu18-19.

Technology:

Winner - Digi Dhan Digital Payment Award 2018-19 Under category A (Digital transactions under >10

Cr to 50 Cr category) awarded by MeitY, Government of India.

International Presence :

Overseas branches in Singapore, Colombo including a Foreign Currency Banking Unit at Colombo

and Jaffna

Bank has Correspondent Arrangements across the globe.

2. OVERVIEW

a. Vision Statement:

To be a Competitive and Strong Bank with commitment to excellence and focus on adding value to customers,shareholders and employees with adherence to best practices and core institutional values shared throughout theorganization”.

b. Mission Statement:

The Bank's mission is "To be a Common Man's Bank" - to provide all financial products and Services:

Under one roof

At affordable cost

In a fair and transparent manner to all our customers.


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c. Main Objects:

The main object and business of the Bank, as laid down in the Bank Nationalization Act is as under:

The main object of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 under whichthe undertaking of the Bank was taken over by the Central Government is as under: “An Act to provide for theacquisition and transfer of the undertakings of certain banking companies, having regard to their size, resources,coverage and organization, in order further to control the heights of the economy, to meet progressively, andserve better, the needs of the development of the economy and to promote the welfare of the people, inconformity with the policy of the State towards securing the principles laid down in clauses (b) and (c) of article39 of the Constitution and for matters connected therewith or incidental thereto.”.

The Main Object of the Bank enables it to undertake the activities for which the funds are being raised and theactivities, which it has been carrying on till date.

d. Main Objects of Constitutional Documents:

Section 3(5) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, states as follows:

“Every corresponding new bank shall carry on and transact the business of banking as defined in clause (b) ofSection 5 of the Banking Regulation Act, 1949 (10 of 1949) and may engage in one or more of the other forms ofbusiness specified in sub-section (1) of Section 6 of that Act.”

Section 5(b) of the Banking Regulation Act reads as follows:

“Banking’ means the accepting, for the purpose of lending or investment, of deposits of money from the public,repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.”

Section 6(1) of the Banking Regulation Act reads as follows:

“Form and business in which banking companies may engage in addition to the business of banking, a bankingcompany may engage in any one or more of the following forms of business, namely:

i. The borrowing, raising, or taking up of money; the lending or advancing of money either upon or without security;the drawing, making, accepting, discounting, buying, selling, collecting and dealing in bills of exchange, hundies,promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, debentures, certificates, scrips andother instruments and securities whether transferable or negotiable or not; the granting and issuing of letters ofcredit, traveller’s cheques and circular notes; the buying, selling and dealing in bullion and specie; the buying andselling of foreign exchange including foreign bank notes; the acquiring, holding, issuing on commission,underwriting and dealing in stock, funds, shares, debentures, debenture stock, bonds, obligations, securities andinvestments of all kinds; the purchasing and selling of bonds, scrips or other forms of securities on behalf ofconstituents or others, the negotiating of loans and advances; the receiving of all kinds of bonds, scrips orvaluables on deposit or for safe custody or otherwise; the providing of safe deposit vaults; the collecting andtransmitting of money and securities.

ii. Acting as agents for any Government or local authority or any other person or persons; the carrying on of agencybusiness of any description including the clearing and forwarding of goods, giving of receipts and discharges andotherwise acting as an attorney on behalf of customers, but excluding the business of a managing agent orsecretary and treasurer of a company.

iii. Contracting for public and private loans and negotiating and issuing the same.iv. The effecting, insuring, guaranteeing, underwriting, participating in managing and carrying out of any issue, public

or private, of State, municipal or other loans or of shares, stock, debentures, or debenture stock of any company,corporation or association and the lending of money for the purpose of any such issue.

v. Carrying on and transacting every kind of guarantee and indemnity business.vi. Managing, selling and realizing any property which may come into the possession of the company in satisfaction

or part satisfaction of any of its claims.vii. Acquiring and holding and generally dealing with any property or any right, title or interest in any such property

which may form the security or part of the security for any loans or advances or which may be connected with anysuch security.

viii. Undertaking and executing trusts.ix. Undertaking the administration of estates as executor, trustee or otherwise.x. Establishing and supporting or aiding in the establishment and support of associations, institutions, funds, trusts

and conveniences calculated to benefit employees or ex-employees of the company or the dependents orconnections of such persons; granting pensions and allowances and making payments towards insurance;subscribing to or guaranteeing moneys for charitable or benevolent objects or for any exhibition or for any public,general or useful object.

xi. The acquisition, construction, maintenance and alteration of any building or works necessary or convenient for thepurposes of the company;

xii. Selling, improving, managing, developing, exchanging, leasing, mortgaging, disposing of or turning into accountor otherwise dealing with all or any part of the property and rights of the company.

xiii. Acquiring and undertaking the whole or any part of the business of any person or company, when such businessis of a nature enumerated or described in this sub- section.


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xiv. Doing all such other things as are incidental or conducive to the promotion or advancement of the business of thecompany.

xv. Any other form of business which the Central Government may, by notification in the Official Gazette, specify as aform of business in which it is lawful for a banking company to engage.

e. Bank’s Operations:

DEPOSIT PRODUCTS

Savings Deposits:

Regular Savings Bank account Savings Bank Platinum with Sweep Facility BSBDA - Basic Savings Bank Deposit Account Small Account - Savings Bank Deposit Account with relaxed KYC. IB Smart Kid - Savings Bank account for children of age 1 day to less than 18 years IB-CorpSB - Payroll package scheme for Salaried Class Savings Bank account for Central/State Government/Consular Offices Savings Bank account for Pensioners Capital Gain Savings Bank account IND PFMS Savings Bank Account for Govt Department/Others onboarded on Public Financial Funds

Management System

IB Sammaan - Savings Bank account for Senior Citizens IB DIGI-Online Savings Bank – Online facility to open Savings Bank accounts MACT Savings Bank - Savings Bank for Motor Accident claimants. AllBank Genx, AllBankSalaam, AllBank Kishore, AllBank Mahila Shakti SB for Direct Benefit Transfer (DBT) beneficiaries SB for students receiving scholarship under government schemes

Current Deposits:

Premium current account with sweep facility Regular Current Account IB i-Freedom Current Account Current Account for Central/State Government/Consular Offices PFMS Current Account for Government Department/Others onboarded on Public Financial Funds

Management System.

IB Comfort Domestic/NRE Current Account

Term Deposits:

Fixed Deposit account Short Term Deposit Preferential Deposit Money Multiplier Deposit Tax Saver Scheme Capital Gains Scheme Recurring Deposit Variable Recurring Deposit Scheme MACAD- Annuity Scheme for Motor Accident Claimants.


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Loans / Advances Products

PERSONAL SEGMENT LOAN PRODUCTS:

IB Home Loan to Residents/Non-residents Indians: To purchase or construct of a house/flat,repair, renovate or alter an existing house/flat

IB Plot Loan to Residents/Non-residents: Loan for purchase of duly approved Residential Plots onownership basis (not on lease basis) to be used only for construction of house.

IB Home Improve: Loan for purchase of household furniture, appliances and equipments.

IB Home Enrich: Repair/renovation of the residential dwelling unit against pledge of liquid securities

IB Home Loan Plus: Loan to existing Home Loan borrowers (Residents/Non-residents) for bonafidepurposes other than speculative.

IndAwas: Home Loans under Credit Linked Subsidy Scheme (PMAY- CLSS)

IB Vehicle Loan: Loan for purchase of new/used 4 wheeler, new 2 wheeler, 4 wheelers to NRIs to beused by family members in India.

Ind Mortgage Loan: Loan against property for any bankable purposes including repairs, renovationof buildings, marriage, education, household festivals/functions, medical other than speculative

IB Reverse Mortgage Loan: Loan to senior citizen for supplementing pension/other income, medicalemergency and meeting other genuine needs.

IB Rental: Lease rental discounting – Fund based facilities offered against rental receipts fromtenants like corporate, multinational companies, PSUs, Bank and other financial institutions etc

IB Loan against NSC/KVP/LIC Policy/ RBI Bonds: For any bankable purposes such as Trade,Housing, Profession, personal consumption and education purposes etc

Non-priority Jewel Loan: Loan against pledge of Gold Jewels for any bankable purposes

IB Clean Loan to Salaried Class: Personal loan to salaried class for meeting marriage/ educationaland medical expenses, to celebrate family functions and for other household expenses (except

speculative purposes)

IB Pension Loan: Loan to Central/State Govt. Pensioners, Family Pensioners, Retirees from Bank(except EPF Pensioners) who draw pension through Bank to meet expenses like marriage &

domestic functions, Education, medical etc

IB Educational Loan: IBA Educational Loan scheme for pursuing Higher Education in India &Abroad.

IB Rent Encash

IB Home Advantage

AB Application Money for Housing Board

IB Eco Vahan

OD Against Gold Jewels

Jewel Loan (Non-Priority)

IB Loan against Sovereign Gold Bonds (SGB)

Loan against Deposits

IND COVID Emergency Salary Loan

IND COVID Emergency Pension Loan


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Agriculture Products:

Kisan Credit Card (KCC) Scheme - To meet short term cash credit of farmers for crop cultivation.

KCC – Animal husbandry and Fisheries - To meet the Working capital requirement for rearing of animals, Birds,Inland Fisheries and Marines Fisheries.

Agricultural Jewel Loan - To meet short-term credit requirements for purchase of inputs like fertilizers, pesticides,seeds and other genuine expenses for carrying out the seasonal agricultural operations.

Self Help Group (SHG) - To provide thrift, credit and other financial services to the poor in all areas enabling them toraise their income levels and standard of living.

Joint Liability Group (JLG) - To augment flow of credit to tenant farmers cultivating land either as oral lessees orshare croppers or small farmers who do not have proper title of their land holding through formation of JLGs.

Financing agriculturists for purchase of farm mechanization - For mechanizing the farming activities so as toimprove agricultural production/productivity. To purchase Tractors, Power tillers, Harvesters, etc., together with

necessary equipments.

Agri Medium Term Loan (AGMTL) - Financing to Agriculturist for the purpose of Capital Formation for Agri Alliedactivities viz., Dairying, Poultry, Bee Keeping, Sericulture, etc., and Loans to Farmers for Agri Investment activities

such as Irrigation facilities, pre and post-harvest activities and other developmental activities undertaken in the farm.

Agricultural Godowns/ Cold Storage - To provide need based Term loans for construction of Rural Godowns/ColdStorage and working capital facility to the Rural Godowns/Cold Storage units against stock of agriculture produce to

agriculturists to meet the running expense (electricity bills, repair, maintenance, etc) of the Cold Storages.

IB Star Agro Mills Scheme - To meet the credit requirements of Rice Mills, Dhal Mills, Oil Mills and Flour Mills. TermLoan for acquisition of factory land, construction of building, acquisition of new machinery and for

expansion/modernization including expenses for patenting, branding, quality improvement etc. Cash Credit facility to

meet working capital requirement for the unit.

Food and Agro Processing Loans - To meet the credit requirements of Food and Agro Processing units engaged inmanufacture and processing of Food and Agro products.

Agri Clinic and Agri Business Center - To provide gainful employment to graduates in agriculture and allied activitysubjects like horticulture, animal husbandry, forestry, dairy, veterinary, poultry farming, Pisciculture and other allied

activities etc. - To supplement existing extension network to accelerate the process of technology transfer to

agriculture.

IB Kisan Mitra Producers Loan - To meet the credit requirements of Farmer Producers Organisations/Companies(FPO/FPC) in order to improve the income and reduce the poverty of small and marginal farmers and thereby making

their livelihood more sustainable through new Agri Business venture.

IB Rooftop Solar Light Scheme – To purchase and install MNRE approved off grid Models of Solar PhotovoltaicLighting Systems upto 5,000 Wp from MNRE empanelled manufacturers, including electrification and necessary

accessories.

IND- KRISHI INFRA FUND: Central Sector Scheme to mobilize a medium - long term debt financing facility forinvestment in viable projects relating to post- harvest management Infrastructure (Warehouses, Cold Storages, etc.,)

and community farming assets through incentives and financial support.

IND PASHUDHAN MITRA: To establish processing and value addition infrastructure in Dairy, Meat processingindustries and Animal Feed plants under Animal Husbandry Infrastructure Development Fund.

IND Micro Food Processing Enterprises: Prime Minister Formalization of Micro Food Processing Enterprises (PM-FME) Scheme has been launched to Enhance the competitiveness of existing individual micro-enterprises in the

unorganized segment of the food processing industry and promote formalization of the sector; and Support Farmer

Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives along their entire value chain.


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MSME SEGMENT LOAN PRODUCTS:

General MSME loan

IND SME Secure – To meet working capital requirement & create fixed assets for MSMEs

Trade Finance – To meet working capital requirement & create fixed assets for Traders/Tradingenterprises

IND SME Vehicle – For purchase of new vehicle (Car, Tempos, Mini Van, Trucks etc) – LMV/HMVfor MSMEs

IND SME Mortgage – Expansion of capacity, purchase of machinery, equipments etc for the MSMEunit

IB Contractor – To meet working capital requirement for well es