DISCLAIMER

GENERAL DISCLAIMER
This Disclosure Document is neither a Prospectus nor a Statement in Lieu of Prospectus and is prepared in
accordance with the 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 as amended from time to time (SEBI
Regulation). This document does not constitute an offer to the public generally to subscribe for or otherwise acquire
the Debentures to be issued by Bank. The document is for the exclusive use of the institutions/companies/provident,
pension & gratuity funds/trusts and other eligible investors to whom it is delivered and it should not be circulated or
distributed to third party (ies). The Bank certifies that the disclosures made in this document are correct and are in
conformity with the captioned SEBI Regulations. This Disclosure Document has been prepared to provide general
information about the Issuer to potential investors to whom it is addressed and who are willing and eligible to subscribe
to the Debentures. This Disclosure Document does not purport to contain all the information that any potential investor
may require. The potential investors should consult their own tax advisors on the tax implication relating to acquisition,
ownership, sale or redemption of Debentures and in respect of income arising thereon. Investors are also required to
make their own assessment regarding their eligibility for making investment(s) in the Debentures of the Bank. The
Bank or any of its directors, employees, advisors, affiliates subsidiaries or representatives do not accept any
responsibility and or liability for any loss or damage however arising and of whatever nature and extent in connection
with the said information.

The District Courts in Mumbai, Maharashtra State alone shall have the exclusive jurisdiction in connection with any
matter arising under these precincts.

DISCLAIMER OF THE SECURITIES & EXCHANGE BOARD OF INDIA

This Disclosure Document has not been filed with the Securities & Exchange Board of India (SEBI). The Debentures
have not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of the
disclosures made in this document. It is to be distinctly understood that this document should not, in any way, be
deemed or construed that the same has been cleared or vetted by SEBI. SEBI does not take any responsibility either
for the financial soundness of any scheme or the project for which the Issue is proposed to be made, or for the
correctness of the statements made or opinions expressed in this document. The issue of Debentures being made on
private placement basis, filing of this document is not required with SEBI.

DISCLAIMER OF THE ISSUER

The Bank confirms that the information contained in this Disclosure Document is true and correct in all material
respects and is not misleading in any material respect. The Bank accepts no responsibility for statements made
otherwise than in this Disclosure Document or any other material issued by or at the instance of the Issuer and anyone
placing reliance on any other source of information would be doing so at his/her/their own risk. This Disclosure
Document is not intended to provide the sole basis of any credit decision or other evaluation and should not be
considered as a recommendation that any recipients of this Disclosure Document should invest in the Debentures
proposed to be issued by Issuer. Each potential investor should make its own independent assessment of the
investment merit of the Debentures and the Issuer. No selective or additional information would be available for a
section of investors in any manner whatsoever. The Debentures have not been recommended or approved by the
Securities and Exchange Board of India (“SEBI”) or the Reserve Bank of India (“RBI”), nor do either the SEBI or the
RBI guarantee the accuracy or adequacy of the disclosures made in this document. This Disclosure Document has not
been submitted, cleared or approved by SEBI or the RBI.

DISCLAIMER OF THE STOCK EXCHANGE

A copy of this Disclosure Document will be submitted to the BSE and/or NSE. It is to be distinctly understood that the
submission of Disclosure Document to the BSE and/or NSE should not in any way be deemed or construed to mean
that the Disclosure Document has been cleared or approved by the BSE and/or NSE; nor does it in any manner
warrant, certify or endorse the correctness or completeness of any of the contents of this Disclosure Document, nor
does it warrant that the Debentures will be listed or will continue to be listed on the BSE and/or NSE; nor does the BSE
and/or the NSE take any responsibility for the financial or other soundness of the Issuer, its Promoters, its
management or any scheme or project of this Bank.

The Bank does not undertake to update the Disclosure Document to reflect subsequent events after the date of the
Disclosure Document and thus it should not be relied upon with respect to such subsequent events without first
confirming its accuracy with the Issuer. Neither the delivery of this Disclosure Document nor any sale of Debentures
made hereunder shall, under any circumstances, constitute a representation or create any implication that there has
been no change in the affairs of the Issuer since the date hereof.

The Disclosure Document is made available to investors to the Issue on the strict understanding that it is
confidential.

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