tenures with monthly repayments in order to limit the period of impact, if any. A significant portion of our investments are in
SLR securities/ sovereign backed securities and are therefore exposed to limited credit risk.

The Asset Liability Management Committee (ALCO), which comprises heads of all business and functional divisions, meet
regularly and at least every month, to review the extent of exposure to movement in interest rates to the capital values as well
as possible impact on our net interest income. The ALCO also reviews a range of parameters including compliance with various
regulatory limits on treasury portfolio, interest rates offered on deposits, and movements in assets and liabilities. The Investment
Committee and the ALCO function together to manage interest rate risk and maintain the investment portfolio.

Information Security and Cyber Risk

Cyber risk refers to any risk of financial loss, disruption or damage to the reputation of an organization resulting from the failure
of its information technology systems. Cyber risk could materialize in several ways, including deliberate and unauthorized
breaches of security to gain access to information systems; unintentional or accidental breaches of security; operational IT risks
due to factors such as poor system integrity; and intentional or unintentional actions by employees/ personnel or third-party
vendors.

The measures we have adopted to ensure the security and integrity of our data and IT systems include constant monitoring
through our ‘Security Operations Centre’, protection from malware attacks, data loss prevention, disaster recovery, firewalls,
data encryption, multi-factor authentication, secured emailing systems, secured networks, usage of virtual private networks,
change management processes, regular information security audits, application security testing, vulnerability assessments,
penetration testing, information security awareness training for employees and vendors. The Management Information Security
Steering Committee (“MISC”), which meets at regular intervals, reviews our preparedness to handle information security and
cyber security and reports to IT Strategy Committee of the Board. The MISC comprises senior management and is responsible
for approving and monitoring major information security projects and establishing information security priorities. It also
approves standards and procedures, reviews positions of security incidents and status of information security awareness
programs.

Reputational Risk

Reputation risk is the risk of the loss arising from the adverse perception of the image of our Bank by our customers,
counterparties, investors or regulators. This is particularly relevant as our business involves ensuring customers that we are
credible and can offer basic, secure services expected by the customers. This risk typically follows once other risks materialize.
It compounds the effect of other risks, such as strategy, fraud and regulatory risks. Our ongoing risk review process takes into
account reputational risk.

Reputational risks, if materialized, will affect our ability to establish new relationships or services or continue servicing existing
relationships. This risk may expose us to litigation, financial loss, or a decline in our customer base. Reputational risk exposure
is present throughout our Bank and includes the responsibility to exercise abundant caution in dealing with our customers and
the community. We monitor reputational risk on an ongoing basis, by reviewing various relevant parameters including market
perception, stakeholder satisfaction, business service disruption, process failure, employee satisfaction and financial
performance.

TOTAL TURNOVER OF EACH MAJOR INDUSTRY SEGMENT IN WHICH THE BANK OPERATED

We are primarily engaged in the banking business. For further information, see “Industry Overview” beginning on page 112,
and for information on segment reporting for Fiscal 2018, 2019 and 2020 and in the nine months ended December 31, 2019
and 2020, see “Financial Information — Segment Reporting” beginning on page 290.

UNUSUAL OR INFREQUENT EVENTS OR TRANSACTIONS

Except as described in this Prospectus, to our knowledge, there have been no unusual or infrequent events or transactions that
have in the past or may in the future affect our business operations or future financial performance.

KNOWN TRENDS OR UNCERTAINTIES

Our business has been subject, and we expect it to continue to be subject, to significant economic changes arising from the
trends identified above in “~— Factors affecting our Results of Operations and Financial Condition” and the uncertainties
described in “Risk Factors” beginning on pages 308 and 22, respectively. To our knowledge, except as discussed in this
Prospectus, there are no known trends or uncertainties that have or had or are expected to have a material adverse impact on
our revenues or income.

SIGNIFICANT ECONOMIC CHANGES THAT MATERIALLY AFFECT OR ARE LIKELY TO AFFECT INCOME
FROM CONTINUING OPERATION

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