#1SOUTH INDIAN Bank INVESTOR PRESENTATION MARCH 2012#2South Indian Bank... At A Glance 83 Years 700 663 *64136 Cr 27% 25% *401 Cr 3.10 % 14.00% 0.28% Number of years in banking business Number of branches Number of ATM's Business as on March 2012 • Business Growth (Y - to - Y) Last 5 years business CAGR Net Profit for the FY ended March 2012 Net Interest Margin (March 12) Capital Adequacy Ratio (Basel II -March 12) Net Non-Performing Assets (March 12) SOUTH INDIAN Bank 2#3History & Background Overview Key Strength จ Business Performance bolացUCG Future Strategy SOUTH INDIAN Bank CONTENTS 3#4SOUTH INDIAN Bank History & Background 11 12 80 8 76 2 3 4 4#5History & Pioneering Initiatives One of the oldest Banks in South India. Incorporated on January 25, 1929. Head Office: Thrissur, Kerala. First among private sector Banks in Kerala to became a SCB in 1946. First private sector bank to open a NRI branch in Nov, 1992 & an IFB branch in March 1993. First bank among the Pvt sector banks in Kerala to open an "Overseas Branch", June '93. Listed in NSE, BSE & CSE- IPO in 1998. FPO In 2006. Successful QIP in Sept 2007. SOUTH INDIAN Bank 5#6Management Shri. Amitabha Guha (Chairman) Dr. V.A.Joseph (MD & C.E.O) Sri Jose Alapatt Sri Paul Chalissery Eminent personalities with rich and varied experience, guide the Bank in its progress & achievements in all Spheres Sri Mathew L Chakola Dr. NJ Kurian Sri Mohan E Alapatt Sri K. Thomas Jacob Sri H. Suresh Prabhu SOUTH INDIAN Bank 6#7Shareholding Pattern - as on 31.03.2012 FII's 46.15% Others 1.93% Individuals 37.85% Individuals Corporates Fis and Banks Corporates Fis and Banks 6.42% 7.66% FII's Others Diversified shareholding & tradition of good corporate governance practices SOUTH INDIAN Bank 7#8Vision & Mission CORPORATE VISION To emerge as the most preferred bank in the country in terms of brand, values, principles with core competence in fostering customer aspirations, to build high quality assets leveraging on the strong and vibrant technology platform in pursuit of excellence and customer delight and to become a major contributor to the stable economic growth of the nation. MISSION To provide a secure, agile, dynamic and conducive banking environment to customers with commitment to values and unshaken confidence, deploying the best technology, standards, processes and procedures where customer convenience is of significant importance and to increase the stakeholders' value. SOUTH INDIAN Bank 8#9SOUTH INDIAN Bank Overview 9#10Key Strengh Healthy Fundamentals Adequately Capitalised; •14.00% CRAR & 11.54% Tier 1 ratio Asset Quality; ⚫0.97% GNPAs & 0.28% NNPAS •71.36% NPA Coverage ratio •18.53% ROE, 1.12% ROAA •Over 85% secured loan book Strong Growth • One of the fastest growing banks in India. • 25% CAGR in business in last 5 years •Constant growth in Business & Profitability ■Most advanced technology in all spheres of banking operations & delivery channels. Significant Turnaround •Benchmarked HR Practices & Introduced Performance Linked Incentive schemes, ESOP, Annual Performance contest- Awards. •Forward looking Human Capital Management Strategy •Highly skilled human capital- 46% of human capital under age 30 with professional qualification Key Competitive Advantage • Fast expanding branch network • • High Asset Quality with well diversified Loan portfolio • 9% market share in Kerala's NRI deposit base. •Strong boost to Income from high yielding gold loans forming 24% of the loan book. SOUTH INDIAN Bank 10#11Vast and Rapidly Growing Branch Network Spread of Branches Average Branch & ATM network growth @ 10% (for last & current FY) SOUTH INDIAN Bank 11#12SOUTH INDIAN Bank Branch Network Category wise as in March 2012 Metro, 103, 15% Urban, 146, 21% Rural, 130, 18% Rural Semi- Urban Urban Semi- Urban, 321, 46% Metro 12#13State wise distribution of Branches Category wise as in March 2012 STATES No: of Branches STATES No: of Branches KERALA 385 MADHYA PRADESH 2 TAMIL NADU 122 ORISSA 2 ANDHRA PRADESH 46 PONDICHERRY 2 KARNATAKA 40 RAJASTHAN 2 MAHARASHTRA 25 ASSAM 2 DELHI 21 BIHAR 1 WEST BENGAL 10 CHANDIGARH 1 UTTAR PRADESH GUJARAT GOA 965 JAMMU & KASHMIR 1 UTTARANCHAL 1 TRIPURA 1 HARYANA 4 HIMACHAL PRADESH 1 PUNJAB 4 MEGHALAYA 1 CHATTISGARH 3 NAGALAND 1 JHARKHAND 2 TOTAL 700 SOUTH INDIAN Bank 13#14Network Expansion (Number of branches added) 70 0 60 60 Number of Branches added 50 50 40 40 30 30 20 20 10 30 30 25 25 5 50 50 61 59 0+ FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 SOUTH INDIAN Bank 14#15Number of Branches Branch Network 800 700 600 700 641 580 500 530 500 475 400 300 200 100 0 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 SOUTH INDIAN Bank 15#16Number of ATMs added SOUTH INDIAN Bank Network Expansion (Number of ATMs added) 180 160 140 120 100 88 80 60 60 55 50 93 93 116 40 20 0 FY 08 FY 09 FY 10 FY 11 FY 12 174 16#17Number of ATMS 700 600 500 400 300 280 200 225 100 ATM Network 373 489 663 0 FY 08 FY 09 FY 10 FY 11 FY 12 SOUTH INDIAN Bank 17#18EFFICIENT SERVICE LEVERAGING ON TECHNOLOGY Project SIBERTECH- 100% Core Banking Solution (CBS) using FINACLE from Infosys. Centralized Data Centre with most advanced technological platform in a new state of the art "Green" complied building at Kochi, Kerala. Emphasis on IT security & Risk Management - Disaster-recovery site at Bangalore for CBS & Regular IS Audits. Member of INFINET & 663 On-line ATMs through NFS tie-up with other banks A host of hi-tech products- International debit & credit cards, high speed & secure Internet & Mobile Banking for retail & corporate clients. Online Value added services - Stock trading, ticket booking, mobile recharges, shopping, Utility payments, offerings. SIB FINS Card -A smartcard based FI initiative in association with M/s Coromandel InfoTech India Ltd., Chennai, as the technology service provider. Successfully implemented RTGS & NEFT in all branches. Successfully launched Smart card at Christ University, Bangalore which works as Access card, Identity card, ATM card and card for payment of fees in Christ College for around 10000 students. Best-in-class IT products & solutions in all banking operations like Treasury, Risk Management, AML, Credit Processing, HR, Audit & KYC. SOUTH INDIAN Bank 18#19RANGE OF PRODUCTS Retail Banking Loan Products ▪Retail Business Loans ▪Housing Loans/ Mortgages ▪Auto Loans ■Personal Loans ▪Education Loans ▪Employee Group Loans ■SME Loans Deposit products •Savings Bank Accounts •Current Accounts Fixed/ Recurring Deposits Other Products • Depository Account • Mutual Funds sales • Life Insurance sales • General Insurance sales • Group Insurance sales • E-payment • Cash Management Services • Online Foreign Inward Remittance • m-Commerce • New Pension System •Gold Coins/ingots Commercial Banking •Working Capital Loans •Wholesale Deposits •Term Loans •Letters of Credit Wholesale Banking •Banks Guarantees Bill Finance SOUTH INDIAN Bank 19#20FINANCIAL INCLUSION Particulars Number of Business Correspondents (BCS) appointed Number of villages with population above 2000 provided with banking facility (Rural branches & BCs) March 10 March 11 March 12 0 7 40 107 117 169 Number of 'No-frills' accounts (including Students A/c) 6.83 Lakh 10.26 Lakh 11.99 Lakh No-frills accounts - amount 64.06 crore 102.72 crore 130.47 crore Way Forward We have been empanelled by UIDAI for opening 'No-Frills account' based on AADHAAR enrollment in 26 districts & 39 villages already allotted for Financial Inclusion. We have implemented the Smart Card model for Fl as per the open standards and as recommended by IBA /IDRBT Technical Committee. Also implemented the Smart Card model for Urban Fl. SOUTH INDIAN Bank 20 20#21Strategic Tie Ups Life Insurance with LIC General Insurance with Bajaj Allianz Mutual funds -All the leading AMCs in India Sri Lanka's Hatton National Bank (HNB) Improve the remittance flow to India and Sri Lanka More than 30 exchange houses & banks in middle east • Facilitating fast remittances for more than 2lakh NRI customers, mostly from Gulf countries Providing managerial support to overseas exchange house - HADI exchange house SOUTH INDIAN Bank 21#22RECOGNITIONS SOUTH INDIAN Bank Best Bank in Asset Quality (Pvt Sect or Bank) Award - Dun & Bradstreet 2011 Best Bank in Priority Sector Lending (Pvt Sect or Bank) Award - Dun & Bradstreet 2011 Technology Excellence Award in 2010 from IRDBT India's Best Bank 2010 Award - "Business world Best Banks Survey 2010" Price Water House Coopers Best Asian Banking Website - Asian Banking & Finance Magazine, Singapore. Best Old Pvt Sector Bank - Financial Express India's Best Banks 2008-2009. Best Pvt Sector bank in the Service quality segment Outlook Money - CFore Survey. Best Website Award from Kerala Management Association 22#23Business Performance SOUTH INDIAN Bank 23#24Financial Highlights - FY12 37% 27% 33% 23% (in Crores) Net Profit Business Advance Deposit Net NPA Gross NPA MARCH 2012 401 64136 27635 36501 0.28% 0.97% MARCH 2011 292 50520 20799 29721 0.29% 1.11% SOUTH INDIAN Bank 24#25Profitability- FY12 700 600 525 500 400 300 200 100 0 FY 10-11 293 Year to Year Growth SOUTH INDIAN Bank 651 FY 11-12 401 Operating Profit Net Profit Operating Profit Net Profit ↑ 24% 137% 25#26Improved Quality of Earnings 1.20 1.09 1.01 1.00 0.96 0.89 0.80 0.60 0.40 0.20 0.92 1.07 0.89 1.12 1.05 0.99 0.00 FY-08 FY-09 FY-10 FY-11 FY-12 *Annualized SOUTH INDIAN Bank RoA coming mainly from Core Income ROA ROAA* 26#27Business Trend Total Business and Growth 120000 100000 80000 64,136 60000 50,520 39,127 40000 30,237 25,910 20000 SOUTH 78,000 Projection (in Crores) 100,000 Projection 0 FY-08 FY-09 FY-10 FY-11 FY-12 FY-13 Mar FY-14 Mar Business grew over 2.4 times at CAGR of 25% in 5 years INDIAN Bank 27#28Credit Deposit Ratio 76% 74% 72% 70% 68.97% 68% 66% 64% 62% 65.51% 68.76% 68.94% 74.74% 60% FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 28#29Deposits Growth 40000 35000 30000 23,012 25000 18,092 20000 15,156 15000 10000 5000 0 FY-08 FY-10 SOUTH INDIAN Bank 29,721 (in Crores) 36,501 FY-09 FY-11 FY-12 Deposits increased @ 25% CAGR 29#30Deposits - Composition and Trend Composition of Deposits Annual Trend in Low cost deposits (in Crores) Term. Deposit, 29322, 80% SOUTH INDIAN Bank (in Crores) SB Deposit, 7000 5917, 16% 6000 5917 5203 CD Deposit, 5000 1262,4% 4271 4000 3000 2000 1052 1201 1262 1000 443 499 418 0 FY-10 FY-11 FY-12 SB Deposit CD Deposit FCNR Dep Low Cost deposits form 20% of total deposits. 30#31Advances Growth 30000 25000 20000 16115 12145 15000 10754 10000 5000 0 SOUTH INDIAN Bank FY-08 FY-09 FY-10 20799 FY-11 Advances increased by 33% (Y-to- Y) (in Crores) 27635 FY-12 31#32Advances - Composition (March 2012) Sector Upto 5 Crores Above 5 Crores Total % to total Agriculture 1668.64 339.88 2008.52 7.27% MSME 1448.79 316.74 1765.53 6.39% Large Scale Industries 458.01 4125.45 4583.46 16.59% Housing 1093.75 91.96 1185.71 4.29% Commercial Real Estate 61.43 29.38 90.81 0.33% NBFC 53.40 1517.12 1570.52 5.68% Food Credit 0.00 407.38 407.38 1.47% Infrastructure 0.00 3448.29 3448.29 12.48% Gold Loan (Non Priority) 5236.68 0.00 5236.68 18.95% FSLD (Non Priority) 1515.15 0.00 1515.15 5.48% LC Bills 0.00 2848.91 2848.91 10.31% Other Bills Miscellaneous Total 217.64 0.00 217.64 0.79% 1193.22 1563.33 2756.55 9.97% 12946.71 14688.44 27635.15 100.00% SOUTH INDIAN Bank 32#3310.20% 8.80% 7.40% Trend in Cost & Yield (Annual) Trend in Cost of Deposits 6.00% 6.72% 4.60% 15.60% 7.94% 13.80% 7.26% 6.93% 12.00% Trend in Yield on Advances 6.57% 10.20% 10.58% 8.40% 12.50% 11.73% 11.14% 10.90% 3.20% 6.60% FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 33#3410.00% 9.00% 8.00% 7.00% Trend in Cost & Yield (Quarterly) Trend in Cost of Deposits 6.00% 6.57% 5.00% 14.00% 13.00% 7.94% 12.00% 7.66% 7.77% 7.60% Trend in Yield on Advances 11.00% 10.90% 10.00% 9.00% 12.11% 12.30% 11.75% 12.50% 4.00% 8.00% Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 SOUTH INDIAN Bank 34#35Investment Portfolio SLR & Non SLR Securities * in Crores Composition of Investment Book 9000 8000 7000 6000 8214 6803 5641 Category Amount Percentage 5000 Held to Maturity 8229.00 87.54% 4067 4000 3618 3000 Held for Trading 263.00 2.80% 2121 2008 2000 1515 954 1186 Available for Sale 908.00 9.66% 1000 0 FY-08 FY-09 FY-10 FY-11 FY-12 Total 9400.00 100.00% SLR Securities Non-SLR Securities SOUTH INDIAN Bank 35#36Investment Portfolio Yield on Investments Yield on Investment - Quarterly Duration of Investments Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 8.80% 8.00% Total Investment Portfolio 3.67 3.61 3.69 4.07 4.08 7.20% 6.92% 6.77% Total HM 6.40% Investment 4.81 4.68 4.61 4.55 4.51 6.60% 6.39% Portfolio 5.60% 5.90% Total HFT 4.80% and AFS 4.00% together 0.42 0.39 0.39 0.64 0.90 Investment 3.20% Portfolio FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 36#37Adequately Capitalized CRAR - Basel 2 16 15.39 15 15 14 14 13 FY-10 14.00 14.01 Yearly FY-11 FY-12 The bank has CRAR in excess of the required minimum of 9% stipulated by RBI. SOUTH INDIAN Bank 37#38Strong Core Capital (Tier 1 & Tier 2 CRAR) 14% 12% 10% 11.27% 10.86% 10.80% 9.61% 11.54% LLLLL 2.68% 2.42% 2.46% 8% 6% 4% 2.74% 2.65% 2% 0% Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Tier 1 CRAR Tier 2 CRAR Strong Core Capital. Dependence on Capital Instruments low. SOUTH INDIAN Bank 38#39Strong Core Capital (Trend) (in crores) RWA Tier 1 Capital Tier 2 Capital Total Capital Mar 10 11377 1412 337 1749 Jun 10 11270 1476 326 1802 Sep 10 11861 1551 330 1881 Dec 10 13174 1622 340 1962 Mar 11 14647 1650 401 2051 Jun 11 15152 1645 401 2046 Sep 11 15173 1643 408 2051 Dec 11 17069 1640 414 2054 Mar 12 16987 1960 417 2377 SOUTH INDIAN Bank 39#40Trend in Income & Expenses Total Income (in crores) Trend in Expenses 3179 4000 3500 3830 3500 3000 3000 2643 2500 2117 2500 2144 2000 1734 2000 1851 1493 1500 1500 1434 1163 1000 1000 500 500 0 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Int on Adv Int on Inv Oth Int Int Exp Staff Exp Other Exp Gross Annual income grew over 2.6 times in 5 years at CAGR 27% SOUTH INDIAN Bank 40#41Trend in Income Yield on Funds Cost of Funds 13.60% 12.40% 11.20% 10.00% 8.80% 8.70% 7.60% 6.40% 5.20% 8.60% 7.80% 9.99% 7.00% 9.42% 6.23% 6.20% 8.82% 6.50% 6.08% 8.76% 5.40% 4.60% 3.80% 7.14% 5.93% 4.00% 3.00% FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 41#42Composition of Non-Interest Income Particulars Period ended 31/03/2012 (in crores) Period ended 31/03/2011 Commission, Exchange & Brokerage 38.42 35.41 Profit on sale of investment (Net) 40.78 39.37 Profit on sale of Land, Building & Other assets (Net) 0.82 -0.96 Profit on Exchange Transactions (Net) 25.61 19.07 Miscellaneous Income 1. Processing Fees 17.75 15.36 0.01 0.01 2. Rent Received 3. Others (Income on Technology products, Third party products, Sale of Gold coins, Non fund business etc) 123.68 88.43 Total 247.07 196.69 SOUTH INDIAN Bank 42#43Profitability Growth in Net Profit Net Interest Margin (in Crores) 3.40% 450 402 3.30% 400 3.20% 3.10% 350 293 3.10% 300 3.00% 3.06% 234 250 195 2.90% 200 152 2.77% 2.80% 150 2.70% 100 50 2.60% 0 2.50% FY-08 FY-09 FY-10 FY-11 FY-12 FY-10 FY-11 FY-12 Net profit grew at CAGR of 27% (Y-Y) in last 5 years. Net Interest margin (NIM) remains at satisfactory range. SOUTH INDIAN Bank 43#44Efficiency Return on Equity Return on Average Asset 20% 18% 1.14% 18.53% 1.12% 1.12% 15.74% 15.86% 16% 14.93% 1.10% 1.09% 14% 13.06% 1.08% 1.07% 12% 1.06% 1.05% 10% 1.04% 8% 1.02% 1.01% 6% 1.00% 4% 0.98% 2% 0.96% 0% 0.94% FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 44#4560% Efficiency Cost / Income Ratio 48.65% 50% 47.80% 47.14% 46.22% 46.82% 40% 30% 20% 3 3 Earning Per Share (Annualized) (Amount in) 2.07 2 1.68 1.72 2 1 2.59 3.55 10% FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 45#46Productivity Average Business Per Employee (in Lakh) 1,200 1,000 792 800 676 586 600 530 400 200 8 7 971 6 Profit Per Employee (in Lakh) 5.46 4.80 5 4.31 4 3.59 3 2 1 7.13 FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 46#47Productivity Average Business Per Branch (in Crores) 90 80 60 100 78.62 90 90 70 70 60 60 66.56 57.20 50.36 50 50 40 40 45.16 30 30 20 20 10 10 0 80 00 70 760 Operating Profit Per Branch (in Lakh) 93.74 60 54.57 50 40 40 FY-08 FY-09 FY-10 FY-11 FY-12 SOUTH INDIAN Bank 30 32 20 10 10 71.28 68.19 82.46 FY-08 FY-09 FY-10 FY-11 FY-12 47#482.50% Asset Quality for the year ended March Gross NPA & Net NPA(%) Provision Coverage 2.00% 1.78% 1.50% 1.00% 2.18% 80% 75.93% 73.94% 70.82% 71.36% 70% 60% 48.45% 50% 1.32% 1.13% 1.11% 40% 0.97% 30% 0.39% 20% 0.50% 0.33% 0.29% 0.28% 10% 0.00% 0% FY-08 FY-09 FY-10 FY-11 FY-12 FY-08 FY-09 FY-10 FY-11 FY-12 Gross NPA Net NPA SOUTH INDIAN Bank 48#49Asset Quality (Amount in crore) Change in Gross NPA & Year ended 31/03/2012 Year ended 31/03/2011 Net NPA Gross NPA Gross NPA (%) Net NPA Net NPA (%) Provision Coverage Ratio (%) SOUTH INDIAN Bank 267 230 0.97% 1.11% 76 61 0.28% 71.36% 0.29% 73.94% Asset Quality maintained at high level. Provision coverage comfortable 49#50Break-up of Provision Particulars Year ended 31/03/2012 (in Crore) Year ended 31/03/2011 For NPA advance For Depreciation on Investments For NPA investment 21.04 27.74 14.07 9.37 -0.69 0.26 For standard assets 39.75 21.60 For income tax 170.69 152.94 For Restructured advances 4.01 -0.05 General Provision 0 20 Other impaired assets 2.79 0.84 Other (ADWDRS) -1.80 0 Total Provisions and Contingencies 249.86 232.70 SOUTH INDIAN Bank 50#51Performance Highlights (in Crore) Year ended Year ended Performance Highlights Jun-11 Sep-11 Dec-11 Mar-11 Mar-12 CRAR Basel 2 (%) 14.01% 13.51% 13.48% 12.03% 14.00% Return on Assets (Annualised) 1.05% 1.02% 1.05% 1.06% 1.12% NIM (%) 3.10% 2.80% 3.00% 3.05% 3.10% Gross NPA's 230 236 230 234 267 Net NPA 60 63 58 58 76 Gross NPA (%) 1.11% 1.07% 0.99% 0.94% 0.97% Net NPA (%) 0.29% 0.29% 0.25% 0.24% 0.28% Provision Coverage 73.64% 73.15% 74.70% 75.18% 71.36% CASA 6404 6790 7038 7280 7179 CASA % 21.55% 21.47% 21.30% 21.51% 19.67% Deposits 29721 31622 33038 33834 36501 Advances 20799 22151 23348 25050 27635 Yield on advances 10.90% 11.75% 12.11% 12.30% 12.50% SOUTH INDIAN Bank 51#52SOUTH INDIAN Bank FUTURE STRATEGY 52#531 Enhancing income Way Forward 2 Ramping up low franchise 3 Enhancing productivity per branch/per employee from Technology cost as well as products, Treasury, retail liabilities Forex and gold coins SOUTH INDIAN Bank 53#54Key Focus Aims to increase total business mix to ₹ 1.25 lakh Crore by March 2015. Enhancing income from Technology products, Treasury, Forex and gold coins Ramping up low cost as well as retail liabilities. Enhancing productivity per branch/per employee SOUTH INDIAN Bank 54#55IMPORTANT NOTICE No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward- looking statements due to a number of factors, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment Important Notice whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner. SOUTH INDIAN Bank 55#56SOUTH INDIAN Bank THANK YOU