participant shall borrow against the collateral of its own securities, or securities issued by a related entity, commercial
papers, certificate of deposits and other such securities of a local authority as prescribed by the Central Government.
Eligible participants include any regulated entity, listed corporate, unlisted company which has been issued special
securities by the Government of India, using only such special securities as collateral, all India Financial Institution viz.
Exim Bank, NABARD, NHB and SIDBI and any other entity approved by the Reserve Bank from time to time for this
purpose. The Repo Directions prescribes the eligibility criteria, roles and obligations, application procedure for
authorization and exit procedure for tri-party agents. The Repo Directions provide that a repo shall be undertaken for a
minimum period of one day and a maximum period of one year.

The Banking Ombudsman Scheme, 2006, as amended (“Ombudsman Scheme”)

The Ombudsman Scheme provides the extent and scope of the authority and functions of the banking ombudsman for
redressal of grievances against deficiency in banking services and other specified matters. All scheduled commercial
banks, regional rural banks and scheduled primary co-operative banks are covered under the Ombudsman Scheme. On
July 1, 2017, the Ombudsman Scheme was amended to widen the scope of the scheme, inter alia, to deficiencies arising
out of sale of insurance/mutual fund/ other third party investment products by banks and now permitted customer to lodge
a complaint against the bank for non-adherence to RBI instructions with regard to mobile banking/electronic banking
services, etc. The Ombudsman Scheme also provides for revised procedures for redressal of grievances by a complainant
under the Ombudsman Scheme and increased the pecuniary jurisdiction of the banking ombudsman. The banking
ombudsman receives and considers complaints relating to the deficiencies in banking or other services filed on the
grounds mentioned in clause 8 of the Ombudsman Scheme and facilitates their satisfaction or settlement by agreement or
through conciliation and mediation between the bank concerned and the aggrieved parties or by passing an award in
accordance with the Ombudsman Scheme.

Prevention of Money Laundering Act, 2002 (“PMLA”)

In order to prevent money laundering activities, the PMLA was enacted to prevent money laundering and to provide for
confiscation of property derived from, or involved in money laundering, and for incidental matters connected therewith.
The PMLA casts certain obligations on, inter alia, banking companies in relation to preservation and reporting of
customer account information. The RBI has advised all banks to go through the provisions of the PMLA and the rules
notified thereunder and to take all steps considered necessary to ensure compliance with the requirements of Section 12
of the PMLA.

Other Applicable Laws

Our Bank is governed by the provisions of the Companies Act, SEBI Act, SCRA along with the rules, regulations and
guidelines made thereunder and other key circulars and regulations, other corporate laws as applicable to other banks.
Additionally, the foreign investment laws, taxation statutes and various labour laws and other laws apply to us as they do
to any other Indian company. Our Bank is also required to comply with Insurance Regulatory and Development Authority
of India (Registration of Corporate Agents) Regulations, 2015, Negotiable Instruments Act, 1881, Payment and
Settlements Systems Act, 2007, the Information Technology Act 2000, and various intellectual property and environment
protection related legislations and other applicable statutes apply to its day-to-day operations.

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