In terms of the SEBI FPI Regulations, the issue of Equity Shares to a single FPI including its or an investor group (which means
the same multiple entities having common ownership directly or indirectly of more than 50% or common control) must be below
10% of our post-Issue Equity Share capital. Further, in terms of the FEMA Regulations, the total holding by each FPI, of an
investor group, shall be below 10% of the total paid-up Equity Share capital of our Bank on a fully diluted basis and the total
holdings of all FPIs put together shall not exceed 74%, being the sectoral cap (up to 49% under the automatic route and up to
74% under the government approval route), of the paid-up Equity Share capital of our Bank on a fully diluted basis.

In case the total holding of an FPI or investor group increases beyond 10% of the total paid-up Equity Share capital of our Bank,
on a fully diluted basis, the total investment made by the FPI or investor group will be re-classified as FDI subject to the
conditions as specified by SEBI and the RBI in this regard and our Bank and the investor will be required to comply with
applicable reporting requirements.

In case of Bids made by FPIs, a certified copy of the certificate of registration issued under the SEBI FPI Regulations was
required to be attached to the Bid cum Application Form, failing which our Bank reserves the right to reject any Bid without
assigning any reason. FPIs who wish to participate in the Issue were advised to use the Bid cum Application Form for Non-
Residents (Blue in colour).

In terms of the FEMA Regulations, for calculating the aggregate holding of FPIs in a company, holding of all registered FPIs
shall be included.

With effect from April 1, 2020, the aggregate limits for FP] investments are the sectoral caps applicable to our Bank (i.e. up to
49% under the automatic route and up to 74% under the government approval route).

The FEMA Non-debt Instruments Rules was enacted on October 17, 2019 in supersession of the FEMA Regulations, except as
respects things done or omitted to be done before such supersession. FPIs are permitted to participate in the Issue subject to
compliance with conditions and restrictions which may be specified by the Government from time to time.

To ensure compliance with the above requirement, SEBI, pursuant to its circular dated July 13, 2018, has directed that at the
time of finalisation of the Basis of Allotment, the Registrar shall (i) use the PAN issued by the Income Tax Department of India
for checking compliance for a single FPI; and (ii) obtain validation from Depositories for the FPIs who have invested in the Offer
to ensure there is no breach of the investment limit, within the timelines for issue procedure, as prescribed by SEBI from time to
time.

Subject to compliance with all applicable Indian laws, rules, regulations, guidelines and approvals in terms of the SEBI FPI
Regulations, an FPI, may issue, subscribe to or otherwise deal in offshore derivative instruments (as defined under the SEBI FPI
Regulations as any instrument, by whatever name called, which is issued overseas by a FPI against securities held by it in India,
as its underlying) directly or indirectly, only in the event (i) such offshore derivative instruments are issued only by persons
registered as Category I FPIs; (ii) such offshore derivative instruments are issued only to persons eligible for registration as
Category I FPIs; (iii) such offshore derivative instruments are issued after compliance with ‘know your client’ norms; and (iv)
such other conditions as may be specified by SEBI from time to time.

Subject to compliance with all applicable Indian laws, rules, regulations, guidelines and approvals in terms of the SEBI FPI
Regulations, an FPI is permitted to issue, subscribe to, or otherwise deal in offshore derivative instruments, directly or indirectly,
only if it complies with the following conditions:

a) such offshore derivative instruments are issued only by persons registered as Category I FPIs;

b) such offshore derivative instruments are issued only to persons eligible for registration as Category I FPIs;

c) such offshore derivative instruments are issued after compliance with the ‘know your client’ norms as specified by
SEBI; and

d) such other conditions as may be specified by SEBI from time to time.

An FPI was required to ensure that the transfer of an offshore derivative instruments issued by or on behalf of it, is subject to (a)
the transfer being made to persons which fulfil the criteria provided under the SEBI FPI Regulations (as mentioned above from
points (a) to (d)); and (b) prior consent of the FPI is obtained for such transfer, except in cases, where the persons to whom the
offshore derivative instruments are to be transferred, are pre-approved by the FPI.

Bids by following FPIs, submitted with the same PAN but with different beneficiary account numbers, Client [Ds and DP IDs
were not treated as multiple Bids:

. FPIs which utilise the multi investment manager (“MIM”) structure;

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