SECTION VII: ISSUE INFORMATION
TERMS OF THE ISSUE

The Equity Shares being offered and Allotted pursuant to this Issue shall be subject to the provisions of the Companies Act,
SEBI ICDR Regulations, SCRA, SCRR, Banking Regulation Act, SFB Licensing Guidelines, MoA, AoA, SEBI Listing
Regulations, RBI Final Approval, RBI In-Principle Approval, terms of the Red Herring Prospectus and this Prospectus, abridged
prospectus, Bid cum Application Form, the Revision Form, CAN/Allotment Advice and other terms and conditions as may be
incorporated in the Allotment Advice and other documents/certificates that may be executed in respect of the Issue. The Equity
Shares shall also be subject to laws as applicable, guidelines, rules, notifications and regulations relating to the issue of capital
and listing and trading of securities issued from time to time by SEBI, the Government of India, the Stock Exchanges, the RBI,
RoC and/or other authorities, as in force on the date of the Issue and to the extent applicable or such other conditions as may be
prescribed by the SEBI, the RBI, the Government of India, the Stock Exchanges, the RoC and/or any other authorities while
granting their approval for the Issue.

Ranking of Equity Shares

The Equity Shares being Allotted pursuant to the Issue shall rank pari-passu in all respects with the existing Equity Shares
including in respect of the right to receive dividend. The Allottees upon Allotment of Equity Shares in the Issue, will be entitled
to dividend and other corporate benefits, if any, declared by our Bank after the date of the Allotment. For further details, see
“Main Provisions of Articles of Association” beginning on page 394.

Mode of Payment of Dividend

Our Bank shall pay dividends, if declared, to the Shareholders in accordance with the provisions of the Companies Act, the
Memorandum of Association and the Articles of Association and provisions of the SEBI Listing Regulations and any other
guidelines or directions which may be issued by the Government in this regard. Dividends, if any, declared by our Bank after
the date of Allotment (pursuant to the transfer of Equity Shares from the Offer for Sale), will be payable to the Bidders who have
been Allotted Equity Shares in the Issue, for the entire year, in accordance with applicable laws. For further details, in relation
to dividends, see “Dividend Policy” and “Main Provisions of Articles of Association” beginning on pages 210 and 394,
respectively.

Face Value, Issue Price and Price Band

The face value of each Equity Share is = 10 and the Issue Price at the lower end of the Price Band is = 303 per Equity Share and
at the higher end of the Price Band is = 305 per Equity Share. The Anchor Investor Issue Price is = 305 per Equity Share.

The Price Band and the minimum Bid Lot and the Employee Discount were decided by our Bank and the Selling Shareholders,
in consultation with the Book Running Lead Managers, and were advertised in all editions of Financial Express, an English
national daily newspaper, all editions of Jansatta, a Hindi national daily newspaper and Mumbai edition of Navshakti, a Marathi
newspaper, Marathi being the regional language of Maharashtra, where our Registered and Corporate Office is located, each
with wide circulation, at least two Working Days prior to the Bid/Issue Opening Date and were made available to the Stock
Exchanges for the purpose of uploading the same on their websites. The Price Band, along with the relevant financial ratios
calculated at the Floor Price and at the Cap Price, were required to be pre-filled in the Bid cum Application Forms available on
the respective websites of the Stock Exchanges.

At any given point of time, there shall be only one denomination of Equity Shares.

The Issue

The Issue comprises a Fresh Issue and an Offer for Sale by the Selling Shareholders.

Expenses for the Issue shall be shared amongst our Bank and each of the Selling Shareholders in the manner specified in “Objects
of the Issue - Issue expenses” beginning on pages 103 to 104.

Rights of the Equity Shareholders

Subject to applicable laws, rules, regulations and guidelines and our Articles of Association, our Shareholders shall have the
following rights:

° Right to receive dividends, if declared;

. Right to attend general meetings and exercise voting rights, unless prohibited by law;

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