b. the additional gross NPAs determined by the RBI exceed 15 % of the additional gross NPAs published for the period considered. The format in which this information must be provided has also been prescribed by the RBI (Annex A). 4. Accordingly, SEBI adopted Circular No CIR/CFD/CMD/80/2017 of 18 July 2017 and amended Circular No CIR/CFD/CMD1/79/2019 of 17 July 2019 specifying the above-mentioned disclosure requirements also for all banks that have listed certain securities. 2. In addition, the Insider Trading Prohibition Regulations 2015 (seBI) (the “SEBI PIT Regulation”) require the prompt disclosure of unpublished price-sensitive information that would have an impact on prices as soon as credible and concrete information appears. The SEBI Act of 1992 was enacted to provide for the establishment of a body to protect the interests of securities investors and to promote the development and regulation of the securities market and related matters. Until the enactment of the Listing Requirements and Disclosure Requirements Regulations 2015 (SEBI), listed companies were subject to a listing agreement (private agreement) between the exchange and the listed company, which regulated all listing and disclosure requirements. Therefore, if the application of a provision was to be made under the listing agreement, SEBI had to go through the stock exchanges. SEBI could not have direct access to the issuing company unless there was a breach of another provision. Now, SEBI has taken direct regulatory control over companies listed in India by notifying the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 on September 2, 2015 (the Regulations). This regulation replaced the listing agreements previously concluded by companies with stock exchanges, and all previous circulars on listing agreements are repealed.

5. Such disclosures relating to deviations and provisions shall be material events/information and therefore require immediate disclosure. In addition, this information is also price sensitive and requires immediate disclosure. (6) Accordingly, it was decided, in consultation with RBI, that listed banks would disclose spreads and provisions above a certain threshold, as mentioned in the RBI communications above, as soon as reasonably possible and no later than 24 hours after receipt of the Reserve Bank`s Final Risk Assessment Report (“RAR”), rather than waiting for its publication as part of the annual financial statements. Disclosures must be made in one or both of the following cases: 3. RBI in accordance with Communication No. RBI/2016-17/283; DBR. BP. BC.No 63/21.04.018/ 2016-17 of 18 April 2017 and amended notification No RBI/2018-19/157;DBR. BP. BC. N° 32/21.04.018 /2018-19 of 1.

April 2019 required banks to disclose certain instances of discrepancies in the classification and provision of assets in the notes to the financial statements, which will be published immediately after the RBI informs the bank of such a discrepancy. 7. CIRCULAR CIR/CFD/CMD/80/2017 of SEBI of 18 July 2017 and Circular CIR/CFD/CMD1/79/2019, as amended, of 17 July 2019 are withdrawn. The complete form of LODR is Listing Obligations and Disclosure Requirements. (1) In accordance with Article 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 (“SEBI LODR Regulation”), a listed company must place all significant events or information on the stock exchange as soon as reasonably possible and no later than twenty-four hours after the occurrence of the event or information. 8. Stock exchanges are advised to bring the provisions of this circular to the attention of all banks that have listed certain securities and to publish them on their websites. 10.

The circular shall be issued in accordance with Articles 30 and 101 of the SEBI LODR Regulation. a. the additional provisions for NPAs measured by the RBI exceed 10 % of the profit reported before provisions and contingent liabilities for the reference period; and;. . . .