CiN: Les1 91 pNl 994pLC0763

Induslnd Bank

The Asst, Vice President

The Depufy Gcneral Manager

Listing Department

Corporate Relationship Dept.

National Stock Exchange of India Ltd.

BSE Ltd.

Exchange Plaza, 5lh Floor

1" Floor, New Trading l{ing

Plot No.C/l, G Block

Rotunda lluilding, P. J. 'l'owers

Bandra-Kurl a Complex

Dalal Street, Fort

Bandra (East),

Mumbai 400 001

Mumbai - 400 051

NSE Symbol: INDUSINDBK

BSll Scrip Code: 532187

Madam i Dear Sir,

Subject: Statement from Induslnd Bank

13

February 20,2018

"lnduslnd Bank has no direct credit exposurcs to Nirav Modi nor any indirect credit exposures basis the LOUs issucd by PNts.

As regards Gitanjali Gcms, the Bank has a small, two digit cxposure, not linked to any LOlJs.

In this connection, our Bank will issue a Prcss Release today. A copy ofthe same is enclosed for your kind perusal and rccord.

Thanking you,

Yours faithfully,

For Induslnd Bank Limitcd

flaresh Gajwani

Company Secrctary

Induslnd Bank Limited,70l -801 Solitaire Corporate Park, I67, Guru Hargovindji Marg, Andheri (E), Mumbai 400 093. Maharashtra, India Tel: (022) 66412200 Fax lO22) 66412224

RegirteJed Olfi(e:2401 Gen. Thimmayya Road, Pune 4t I OO L India

Tel.: (020) 2634 3201 Fax: (O2O) 2634 3241 Visit us atwww.indusind.com CIN: 1651 91 PNl 994P1C076333

Induslnd Bank

February 20, 2018

Statement from Induslnd Bank

"lnduslnd Bank has no direct credit exposures to Nirav Modi nor any indirect credit exposures basis the LOUS issued by pNB.

As regards Gitanjali Gems, the Bank has a small, two digit exposure, not linked to any LOUS.

As mentioned by The Gem & jewe|ery Export promotion councir, India (GpEC) in their press rerease, there are stringent norms for Bank Finance to the Gem & iewellery Trade stipulated by Reserve Bank of India and the Government of India, the present incident has taken prace due to non-adherence of proceoures and norms laid down and this stray incident is not expected to have any contagion effect on the overatl Gems and Jewellery Business. ,,

For media oueries

Anu Raj

Induslnd Bank Ltd. m kte@ indusind.com

Rasika Badshah Adfactors PR Pw. Ltd.

Rasika.badshah@adfactorsor.com +97 9821631379

IndusInd Bank Limited published this content on 20 February 2018 and is solely responsible for the information contained herein.
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