Indian Bank — M&A Activity 2019

Aug 31, 2019

Ref : ISC / 329 / 2019-20 31.08.2019

The Vice PresidentNational Stock Exchange of India B S E LimitedLimited	The ManagerPhiroze Jeejibhai Towers
"Exchange Plaza", Bandra Kuria Dalai StreetComplex, Bandra EastMumbai - 400 051.NSE Symbol : INDIANB	Mumbai - 400 001.BSE Scrip Code: 532814

Dear Sir,

Sub : Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Bank has received a communication from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) after consultation with Reserve Bank of India has decided that Indian Bank and Allahabad Bank may consider amalgamation of the Allahabad Bank into Indian Bank.

Accordingly, a meeting of Board of Directors to consider the amalgamation will be convened by the Bank in due course.

This is for your information and appropriate dissemination.

Thanking you,

Yours faithf Ily,

( Bima Shah ) Company Secretary & Compliance Officer