SECTION VI: LEGAL AND OTHER INFORMATION
OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS

Except as disclosed in this section, there is no outstanding (i) criminal proceeding; (ii) action taken by regulatory or statutory
authorities; (iii) claim related to direct and indirect taxes; and (iv) other litigation as determined to be material, in each case
involving our Bank, our Promoters and our Directors (the “Relevant Parties”). Further, except as disclosed in this section,
there are no disciplinary actions including penalty imposed against any of our Promoters during the immediately preceding
five years, including any outstanding action.

In relation to (iv) above, our Board in its meeting held on September 17, 2020, has considered and adopted a policy of
materiality for identification of material litigation. In terms of the materiality policy adopted by our Board, any outstanding
litigation:

a) involving our Bank, in which the monetary amount of claim by or against our Bank exceeds an amount which is lesser
of (i) one percent of the profit after tax or (ii) one percent of total income, as per the Restated Financial Statements
for the Fiscal 2020, would be considered material. Our profit after tax as per the Restated Financial Statements for
the Fiscal 2020 is € 1,111.98 million. Accordingly, all outstanding litigation involving our Bank in which the amount
involved exceeds 11.12 million (being one percent of the profit after tax and less than one percent of the total income,
as per the Restated Financial Statements for the Fiscal 2020) have been identified as material and disclosures have
been included (i) where the aggregate amount involved in an individual litigation exceeds = 11.12 million; (ii) where
the decision in one case is likely to affect the decision in similar cases, even though the amount involved in an
individual litigation may not exceed % 11.12 million; and (iii) all other outstanding litigation which may not meet the
specific threshold and parameters as set out in (i) or (ii) above, but where an adverse outcome would materially and
adversely affect the business, operations, prospects, financial position or reputation of our Bank, has been considered
to be material; and

b) involving our Promoters and Directors, the outcome of which would materially and adversely affect the business,
operations, financial position or reputation of our Bank, irrespective of the amount involved, has been considered as
material.

Our Board, in its meeting held on September 17, 2020, has approved that, a creditor of our Bank, shall be considered to be
material for the purpose of disclosure in the offer documents, if amounts due to such creditor exceeds 5% of the total trade
payables of our Bank as per the latest annual restated financial statements of our Bank for the latest period disclosed in the
offer documents. Accordingly, we have disclosed information of outstanding dues owed to any creditors of our Bank (excluding
lenders and depositors of our Bank), separately giving details of number of cases and amount for all dues where each of the
dues exceed % 2.40 million (being approximately 5% of total trade payables of our Bank as per the as at and for nine months
ended December 31, 2020) (“Material Creditors”). Further, our Board approved that for outstanding dues to any party which
is a micro, small or a medium enterprise, the disclosure will be based on information available with our Bank regarding status
of the creditor as defined under the Micro, Small and Medium Enterprises Development Act, 2006, as amended, as has been
relied upon by the Statutory Auditor.

It is clarified that for the purposes of the above, pre-litigation notices received by the Relevant Parties from third parties
(excluding those notices issued by statutory/regulatory/tax authorities or notices threatening criminal action) shall, unless
otherwise decided by our Board, not be considered as material until such time that the Relevant Parties, as applicable, is
impleaded as defendant in litigation proceedings before any judicial forum.

We have disclosed matters relating to direct and indirect taxes involving the Relevant Parties in a consolidated manner giving
details of number of cases and total amount involved in such claims, except for taxation matters which involve an amount
exceeding € 11.12 million.

L Litigation involving our Bank
Litigation against our Bank
Matters involving an amount above = 11.12 million
As on the date of this Prospectus, there is no material outstanding litigation against our Bank which involves a
monetary liability of = 11.12 million or more, nor any outstanding litigation wherein monetary liability is not
quantifiable, whose outcome has a material bearing on the business, operations, performance, prospects, financial
position or reputation of our Bank. Other matters below such threshold include public interest litigation against various

MFIs and SFBs including our Bank, suits for injunction for recovery of loans and complaints for claiming insured
amount deducted by our Bank from the loan amount. These matters are currently pending.

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