MIRA INFORM REPORT

Report Date :

13.07.2013

IDENTIFICATION DETAILS

Name :	STANDARD CHARTERED BANK LIMITED
Branch Office :	Crescenzo, 7^th Floor, C 38/39, G Block, Bandra Kurla Complex (East), Mumbai – 400051, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	01.01.1900
Capital Investment / Paid-up Capital :	Rs. 6757.992 Millions
FCRN:	F00489
Legal Form :	It is a Commercialized Bank.
Line of Business :	Providing Financial Services.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (69)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 565700000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a branch of “Standard Chartered Bank, UK”. Standard Chartered Bank, India has been in operation for more than 150 Years and offers a broad range of financial services through more than 95 branches. It is an established bank having fine track record. The bank has seen a better growth in its total income earned through its operations. During FY12 Banks deposit and advances has seen an increase over previous year. Financially the bank seems to be strong and healthy. Banking relations are fair. Business is active. Payment terms are reported as regular and as per commitments. The bank can be considered normal for dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Bonds issue : AAA
Rating Explanation	Highest degree of safety and lowest credit risk.
Date	December 21, 2012

Rating Agency Name	CRISIL
Rating	Certificates f deposit programme : A1+
Rating Explanation	Strong degree of safety and lowest credit risk.
Date	December 21, 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE [91-22-66014444]

LOCATIONS

Registered Office/ Global headquarters :	1 Basinghall Avenue, London, EC2V 5DD, United Kingdom
Tel. No.:	44 (0)20 7885 8888
Fax No.:	44 (0)20 7885 9999
E-Mail :	sunil.kaushal@sc.com
Website :	http://www.standardchartered.com
India Branch Offices :	Crescenzo, 7^th Floor, C 38/39, G Block, Bandra Kurla Complex (East), Mumbai – 400051, Maharashtra, India Centre Point Branch, Junc. Of S.V. Road and Juhu Road, Santacruz (West), Mumbai ‐ 400054, Maharashtra, India Ghatkopar Branch ‐170,' Ashok' Derasar Lane, Ghatkopar (East), TPS III, Mumbai ‐ 400077, Maharashtra, India Mumbai Main ‐ 23/25, Mahatma Gandhi Road, Fort, Mumbai ‐ 400001, Maharashtra, India Chowpatty Branch ‐Shree Pant Bhuban, Sandhurst Bridge, Chowpatty, Mumbai ‐ 400001, Maharashtra, India Standard Chartered Towers, Western Express Highway, Goregaon (East), Mumbai ‐ 400063, Maharashtra, India 90, Mahatma Gandhi Road, Fort, Mumbai ‐ 400001, Maharashtra, India 87, Bhulabhai Desai Road, Cumballa Hill, Mumbai ‐ 400036, Maharashtra, India Shivaji Mandir, N C Kelkar Road, Dadar, Mumbai ‐ 400028, Maharashtra, India 65/F, Vithalbhai Patel Road, Santacruz (West), Mumbai ‐ 400054, Maharashtra, India Unit 101M, DELTA Building, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India B21, Sanghvi Paritosh, V. L. Mehta Road, J V P D Schemevile Parle (West), Mumbai ‐ 400049, Maharashtra, India Unique Centre, Waterfield Road, Bandra (West), Mumbai ‐ 400050, Maharashtra, India Lokhandwala Branch, 21 ‐ 23, Samartha Vaibhav, Shree Swami Samarth Nagar, Off New Link Road, Lokhandwala, Andheri (West), Mumbai ‐ 400053, Maharashtra, India Ground Floor Of Garden Apartment, Diamond Garden CHS Limited, A. Sores Road, Chembur, Mumbai ‐ 400071, Maharashtra, India Aditya Apartment, CTS No. 639, Chandavarkar Road, Borivali (West), Mumbai ‐ 400092, Maharashtra, India Ameya House, Rajkumar Corner, J.P. Road, Andheri (West), Mumbai ‐ 400058, Maharashtra, India Oriental Building, 364, D.N.Road, Mumbai ‐ 400001, Maharashtra, India Also located at: Hyderabad Kadapa Guwahati Patna Ahmedabad Vadodara Surat Rajkot Gurgaon Chandigarh Bangalore Cochin Bhopal Indore Pune Nagpur Thane Jalgaon New Delhi Bhubaneshwar Amritsar Ludhiana Jalandhar Jaipur Chennai Coimbatore Kanpur Noida Lucknow Allahabad Mathura Saharanpur Dehra Dun Kolkata Howrah Siliguri
Overseas Offices :	Located at: ASIA Australia Bangladesh Brunei Darussalam Cambodia China Hong Kong Indonesia Japan Laos Macau Malaysia Mongolia Myanmar Nepal Pakistan Philippines Singapore South Korea Sri Lanka Taiwan Thailand Vietnam AFRICA Angola Botswana Cameroon Cote d'Ivoire Egypt Ghana Kenya Mauritius Nigeria Sierra Leone South Africa Tanzania The Gambia Uganda Zambia Zimbabwe MIDDLE EAST Bahrain Jordan Lebanon Oman Qatar Saudi Arabia United Arab Emirates EUROPE Austria France Germany Guernsey Ireland Italy Jersey Russia Sweden Switzerland Turkey United Kingdom AMERICA Argentina Brazil Canada Cayman Islands Chile Colombia Falkland Islands Mexico Peru USA

DIRECTORS

AS ON 31.03.2012

Name :	Sir John Peace
Designation :	Chairman
Date of Birth/Age :	64 Years
Name :	Peter Sands
Designation :	Group Chief Executive
Date of Birth/Age :	51 Years
Name :	Rudy Markham
Designation :	Senior Independent Non-Executive Director
Date of Birth/Age :	67 Years
Name :	Richard Meddings
Designation :	Group Finance Director
Date of Birth/Age :	55 Years
Name :	Steve Bertamini
Designation :	Group Executive Director
Date of Birth/Age :	48 Years
Name :	Jaspal Bindra
Designation :	Group Executive Director
Date of Birth/Age :	52 Years
Name :	Om Bhatt
Designation :	Non-Executive Director
Date of Birth/Age :	62 Years
Name :	Dr Louis Cheung
Designation :	Non-Executive Director
Date of Birth/Age :	49 Years
Name :	Richard Delbridge
Designation :	Non-Executive Director
Date of Birth/Age :	70 Years
Name :	Jamie Dundas
Designation :	Non-Executive Director
Date of Birth/Age :	62 Years
Name :	Margaret Ewing
Designation :	Non-Executive Director
Date of Birth/Age :	58 Years
Name :	Dr Han Seung-soo, KBE
Designation :	Non-Executive Director
Date of Birth/Age :	76 Years
Name :	Val Gooding, CBE
Designation :	Non-Executive Director
Date of Birth/Age :	62 Years
Name :	Simon Lowth
Designation :	Non-Executive Director
Date of Birth/Age :	51 Years
Name :	Ruth Markland
Designation :	Non-Executive Director
Date of Birth/Age :	60 Years
Name :	John Paynter
Designation :	Non-Executive Director
Date of Birth/Age :	58 Years
Name :	Mike Rees
Designation :	Group Executive Director
Date of Birth/Age :	57 Years
Name :	V. Shankar
Designation :	Group Executive Director
Date of Birth/Age :	55 Years
Name :	Paul Skinner
Designation :	Non-Executive Director
Date of Birth/Age :	68 Years
Name :	Oliver Stocken
Designation :	Non-Executive Director
Date of Birth/Age :	71 Years
Name :	Dr Lars Thunell
Designation :	Non-Executive Director
Date of Birth/Age :	64 Years

KEY EXECUTIVES

Name :	Annemarie Durbin
Designation :	Group Company Secretary
Date of Birth/Age :	49 Years
India Management Committee :	Ø Sunil Kaushal Regional Chief Executive, India and South Asia Ø Venkataramanan Anantharaman MD, Origination and Client Coverage and Regional Co-Head, Wholesale Banking, India and South Asia Ø Ananth Narayan MD, Global Markets and Regional Co-Head, Wholesale Banking, India and South Asia Ø Sanjeeb Chaudhuri Regional Head, India and South Asia, and Group Chief Marketing Officer, Consumer Banking Ø Anurag Adlakha Chief Financial Officer, India and South Asia Ø Ravi Duvvuru Regional Head, Compliance, India and South Asia Ø Madhavi Lall Regional Head Human Resources, India and South Asia Ø James Berry Chief Information Officer, India Ø Pradeep Rana Country Chief Risk Officer, India Ø Srinivasan Iyengar Managing Director, India Strategy Ø Sushen Jhingan Resident Director, Public Affairs Ø Sumeet Singla Regional Head, Corporate Affairs, India and South Asia
Senior Management :	Ø Tracy Clarke Ø Tim Miller Ø Richard Goulding Ø Jan Verplancke

BUSINESS DETAILS

Line of Business :

Providing Financial Services.

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

Reserve Bank of India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
Borrowings in India from
1. Reserve Bank of India	31800.000	23000.000
2. Other banks	0.000	0.000
3. Other institutions and agencies	40976.838	20989.250
Borrowings outside India
1. Subordinated Debt	25437.500	22297.500
2. Others	27967.733	42149.854
Total	126182.071	108436.604

Banking Relations :	--
Auditors :
Name :	Deloitte Daskins and Sells Chartered Accountants
Address :	‘Heritage’ 3^rd Floor, Near Gujarat Vidhyapith, Off Ashram Road, Ahmedabad – 380014, Gujarat, India
Tel. No.:	91-79-27582542/ 27582543
Fax No.:	91-79-27582551
Ultimate Parent Company :	Standard Chartered Plc
Parent Company :	Standard Chartered Holding Limited
100% Subsidiary :	St Helen’s Nominees India Private Limited
Subsidiaries of Head Office (Standard Chartered Bank UK) :	Scope International Private Limited Standard Chartered (India) Wealth Advisory Services Private Limited Standard Chartered Bank (China) Limited Standard Chartered Bank (Hong Kong) Limited Standard Chartered Bank (Mauritius) Limited Standard Chartered Bank (Pakistan) Limited Standard Chartered Bank (Taiwan) Limited Standard Chartered Bank (Thai) Public Company Limited Standard Chartered Bank Nepal Limited Standard Chartered Finance Limited Standard Chartered Investments and Loans (India) Limited Standard Chartered Private Equity (Mauritius) Limited Standard Chartered Bank Botswana Limited Standard Chartered Bank Ghana Limited Standard Chartered Bank Kenya Limited Standard Chartered Bank Tanzania Limited Standard Chartered Bank Uganda Limited Standard Chartered Bank Zambia Plc Standard Chartered Private Equity Advisory (India) Private Limited Standard Chartered Securities (India) Limited Standard Chartered Bank Malaysia - Berhad Standard Chartered First Bank Korea Limited Standard Chartered Strategic Brand Management Limited Standard Chartered Bank Sierra Leone Limited Standard Chartered Bank Nigeria Limited Standard Chartered Bank Cote D’lvoire Standard Chartered Capital (Saudi Arabia)

CAPITAL STRUCTURE

AS ON 31.03.2012

Capital	31.03.2012	31.03.2011
	(Rs. in Millions)
Deposit kept with Reserve Bank of India under Section 11(2)(b) of the Banking Regulation Act, 1949	38500.000	32250.000
a. Head office reserves Balance, beginning of the year	21.960	21.960
Balance, end of the year	21.960	21.960
b. Head Office Capital Balance, beginning of the year	6736.032	6736.032
Balance, end of the year	6736.032	6736.032
Total capital	6757.992	6757.992

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Capital and Liabilities	31.03.2012	31.03.2011	31.03.2010
Capital	6757.992	6757.992	6757.992
Reserves and Surplus	134670.829	123865.558	109299.499
Deposits	639646.971	584191.102	481923.855
Borrowings	126182.071	108436.604	87214.944
Other Liabilities and Provisions	309597.220	239838.570	210250.038
Total Capital and Liabilities	1216855.083	1063089.826	895446.328
Assets
Cash and Balances with Reserve Bank of India	33353.316	45462.112	38016.330
Balances with banks and money at call and short notice	15271.405	22570.155	9790.003
Investments	273238.813	230881.648	184774.223
Advances	555700.088	492007.928	415521.514
Fixed Assets	25269.569	25932.846	24862.855
Other Assets	314021.892	246235.137	222481.403
Total Assets	1216855.083	1063089.826	895446.328
Contingent Liabilities	16787473.773	17185296.919	12519909.812
Bills for Collection	235259.996	139552.747	105461.167

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	INCOME
		Interest Earned	79432.328	63524.253	56748.901
		Other Income	29882.236	24714.760	28376.176
		TOTAL (A)	109314.564	88239.013	85125.077
Less	EXPENSES
		Interest Expended	36903.672	23506.005	17837.816
		Operating Expenses	27408.196	25969.066	24189.745
		Provisions and Contingencies	27645.004	18171.073	21827.131
		TOTAL (B)	91956.872	67646.144	63854.692
	Net Profit		17357.692	20592.869	21270.385
	Profit available for appropriation		17357.692	20592.869	21270.385
Less	Appropriations
		Transfer to Statutory Reserve	4339.423	5148.217	5317.596
		Transfer to Capital Reserve-Surplus on sale of immovable properties	238.820	284.767	0.029
		Transfer to Investment Reserve	666.230	401.499	0.000
	Balance carried over to Balance Sheet		12113.219	14758.386	15952.760
	Total appropriations		17357.692	20592.869	21270.385

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS: NOT AVAILABLE

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	No
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

CHARGES

ENTITY	PERSON	COMPETENT AUTHORITY	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
STANDARD CHARTERED BANK		RBI	Did not adhere to instructions issued by RBI in respect of derivatives, such as failure to carry out due diligence in regard to suitability of products, selling derivative products to users not having risk management policies and not verifying underlying/ adequacy of underlying and eligible limits under past performance route	Imposed Penalty Rs.1.000 Million 26-APR-2011

BACKGROUND

The accompanying financial statements for the year ended 31 March 2012 comprise the accounts of India branches of Standard Chartered Bank (‘SCB’ or ‘the Bank’), which is incorporated with limited liability in the United Kingdom. The Bank’s ultimate holding company is Standard Chartered Plc (‘SCPLC’), which is incorporated in the United Kingdom.

The ‘Other Assets’ of American Express Bank Limited – India Branches (‘AEBL’) amounting to Rs. 1,322 million as at the Appointed Date (05 March 2008) included an amount of Rs. 685 million representing net advance tax taken over as part of the amalgamation scheme approved by the Reserve Bank of India (‘RBI’). This amount was incorporated in the financial statements of the Bank for the year ended 31 March 2008, with a corresponding credit to Reserves and Surplus. As part of the global acquisition of the American Express Bank Ltd., it was agreed that the seller, American Express Company, USA shall be responsible for any tax liabilities and have the benefit of tax refunds that arise for the period prior to the completion of the global acquisition (i.e., 29 February 2008). In accordance with the same, the Bank has, during the current year, with prior approval of RBI vide letter DBOD.IBD.No.393/23.61.013/2009-10 dated 06 July 2009, adjusted the amount of Rs. 685 million against the Reserves and Surplus in Schedule 2.

PRINCIPAL ACTIVITIES

The Company is the holding company for the Group. The Group operates globally and is principally engaged in the business of retail and commercial banking and the provision of other financial services.

AREAS OF OPERATION

Their Group comprises a network of 1,700 branches and offices in 68 markets.

CONTINGENT LIABILITIES:

Particulars	31.03.2012	31.03.2011
	(Rs. in Millions)
Claims against the Bank not acknowledged as debts	5556.531	2572.000
Liability for partly paid investments in shares
Liability on account of outstanding foreign exchange contracts	6620130.947	3955653.988
Liability on account of derivative contracts	9784362.465	12890482.498
Guarantees given on behalf of constituents
– in India	134882.499	107904.161
– outside India	49987.622	75247.264
Acceptances, endorsements and other obligations	188202.185	151583.799
Other items for which the Bank is contingently liable	4351.524	1853.209
Total contingent liabilities	16787473.773	17185296.919

PRESS RELEASE:

STANDARD CHARTERED BANK WINS DUN AND BRADSTREET BANK AWARD 2012 IN THREE KEY CATEGORIES

India, September 10, 2012 – Standard Chartered Bank, India’s largest Foreign Bank has recently bagged three awards in three categories viz: “Overall Best Foreign Bank”, “Best Foreign Bank” under the category of Asset Quality and “Best Foreign Bank” under the category of SME Financing at the prestigious “Dun and Bradstreet – Polaris Software Banking Awards 2012” this year.

Commenting on the occasion Mr. Sanjeeb Chaudhuri, Regional Head, South Asia and Chief Marketing Officer, Consumer Banking said “We are privileged to receive the Dun and Bradstreet Bank Awards which recognises the best brands across the countries. The Bank has always been at the forefront of customer centric services and solutions. Our online Credit Card approval, Service Guarantees, etc. are few examples of how we use process and technology innovations to give best quality services to our customers.

Mr. Dheeraj Ahluwalia, Mr. Ravi Duvurru and Mr. Aditya Mandloi received the awards for the Bank at a ceremony held at ITC Maratha, Sahar, Mumbai.

STANDARD CHARTERED BANK GOES DIGITAL

Launches instant online personal loan approval solution

Mumbai, 12th December 2012: Standard Chartered Bank India is amongst the first few banks in the Indian market to launch a unique online personal loan approval which will enable a customer to apply for a personal loan online and receive an „Approval In Principle‟ (AIP) almost instantly. This initiative is in line with Standard Chartered Bank’s commitment to go digital and extend the AIP process to several other consumer banking products over the next few months, making them more convenient for millions of customers.

“At Standard Chartered, we firmly believe in being recognized as a bank that holds their customers‟ interest and satisfaction in the highest regard and this solution is a great example of how we can add value to the customers by simplifying the banking experience,” said Sanjeeb Chaudhuri, Regional Head, South Asia and Chief Marketing Officer, Consumer Banking. “Instant approval in principle for personal loans is a great example of innovation in product features and design served through the internet for meaningful engagement with customers while adding to cost efficiency and convenience overall.”

With the digital application process, the customer can apply for a personal loan online through the website www.standardchartered.co.in/personal-loan at his or her convenience and get an in principle approval on a loan application within 5 minutes. The online application process involves verification of key customer details such as the Permanent Account Number, mobile number, email ID and credit history through CIBIL and other internal eligibility criteria. The AIP will be followed by a final approval after completion of „Know Your Customer‟ and credit approval processes.

With an increasing number of people searching for financial products online, innovation in personal banking products and services is essential to keep in line with changing customer preferences. Standard Chartered has always been at the forefront in launching technology solutions to provide convenience and improve customer experience using channels of the future such as the Internet and the mobile phone.

Standard Chartered mobile banking application, Breeze Mobile, is one of the leading mobile banking applications in the industry in India and in several other Asian countries. Recently, Standard Chartered also launched Credit Card AIP for customers applying for credit cards online.

Standard Chartered will soon launch digital options for more of its popular Consumer Banking products.

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Banks growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered heritage and values are expressed in its brand promise, „Here for good‟.

Standard Chartered Bank in India

Standard Chartered Bank is India’s largest international bank with 96 branches in 39 cities, serving 60,000+ SMEs, over 2,000 key Corporate and Institutional Relationships and approx 2 million retail customers. Key businesses comprise Consumer Banking, including Deposits, Loans, Wealth Management, Private Banking and SME Banking; and Wholesale Banking, which includes Cash Transaction Banking, Treasury, Corporate Finance and Custody Services.

YATRA.COM AND STANDARD CHARTERED LAUNCH INDIA’S FIRST TRAVEL CASH BACK CUM REWARD CARD

Co-brand cardholders will get exclusive benefits for travel bookings through Yatra.com

30th October, 2012 – Standard Chartered today launched the „Standard Chartered Yatra Platinum Credit Card‟, in collaboration with Yatra.com, one of the leading travel portals in India. The card offers a suite of benefits to credit-card customers when they make travel reservations on Yatra.com besides their regular shopping and other spends.

The co-branded card offers wide ranging benefits including Cash back and accelerated reward points on spends at yatra.com, and travel discount vouchers and free tickets.

Some of the attractive benefits that the card holder will get are:

Ø 10% Cashback on all travel spends at Yatra.com.

Ø Waivers on Yatra.com Domestic Air cancellation fees for all tickets booked on Yatra.com

Ø On-boarding vouchers: Discount vouchers ranging from Rs.4,000 to Rs.8,500 for travel reservations across Air, hotels and holiday packages

Ø 4 Reward points for every Rs. 100 spend on Yatra spends.

Ø Fuel Surcharge waiver on all fuel spends and many other benefits

Commenting on the launch Mr. Sanjeeb Chaudhuri, Regional Head, South Asia and Group CMO, Standard Chartered Bank said, “Indian travel industry is growing by leaps and bounds. In the cluttered market of travel services, we see the need among customers for services that will not just facilitate their travel reservations but also reward them for their spends. The Standard Chartered Yatra Card offers attractive travel benefits and rewards, and is tailor-made to keep pace with the rapidly growing demands of frequent business and leisure travellers in India. Standard Chartered has always been at the forefront in launching products that offer value and provide convenience to customers. We are confident that The Standard Chartered Yatra Card will provide a differentiated offering in the market.”

Mr. Sharat Dhall, COO, Yatra.com said “Owing to our vision of Creating Happy Travellers, we strongly believe in innovating and transforming to accomplish the utmost customer satisfaction. This tie up is our endeavour to meet the ever evolving customer needs and power them with creative solutions combined with leisure and entertainment. We are delighted to launch this travel cum rewards card that will enable the customer to not only enjoy discounts on their travel bookings but will also keep a record of the points accumulated that can be redeemed.”

To avail this facility, customers can apply for the card online at the bank’s website or at any of its branches.

About Standard Chartered

Standard Chartered Bank is India’s largest international bank with 94 branches in 37 cities, serving 60,000+ SMEs, over 2,000 key Corporate and Institutional Relationships and approx 2 million retail customers. Key businesses comprise Consumer Banking, including Deposits, Loans, Wealth Management, Private Banking and SME Banking; and Wholesale Banking, which includes Cash Transaction Banking, Treasury, Corporate Finance and Custody Services.

STANDARD CHARTERED APPOINTS SUNIL KAUSHAL REGIONAL CHIEF EXECUTIVE FOR INDIA AND SOUTH ASIA

Mumbai, February 2, 2012: Standard Chartered announced the appointment of Sunil Kaushal as Regional Chief Executive, India and South Asia. He moves from Taiwan, where he was President and CEO of Standard Chartered Bank Taiwan. Mr. Kaushal will take over from Neeraj Swaroop who will relocate to Singapore as Regional Chief Executive for South East Asia (excluding Singapore).

Mr. Kaushal joined Standard Chartered in Dubai in 1998 and has since held several senior roles across Consumer and Wholesale Banking. Most recently, in his role as head of Standard Chartered Taiwan, he has led three integrations, double-hatted as head of Consumer Banking for nearly two years making it the third most profitable business for the Bank globally.

Jaspal Bindra, Group Executive Director & CEO, Asia, Standard Chartered, said, “India and South Asia will bring an exciting opportunity for Sunil. I am confident this will be one of the most rewarding period for him personally and for the Bank as he builds on the strong foundations that Neeraj has put in place.”

Before Taiwan, Sunil was Global Head of SME Banking in Singapore, leading the emergence of SME Banking as one of the core engines of growth for Consumer Banking. Sunil has also been head Origination & Client Coverage (OCC) in Singapore and in UAE, where he oversaw the integration of Grindlays corporate banking business and growing it into a significant business for the Group.

Under Mr. Swaroop the South Asia region has seen remarkable growth and India is now amongst the largest and most profitable markets for the Group, and he has led landmark developments for the market like integration of American Express Bank, acquisition of Standard Chartered Securities and introduction of the first ever Indian Depository Receipts.

In his new role, Mr. Swaroop will have governance oversight for Australia, Brunei, Indonesia, Malaysia, Mauritius, Philippines, Thailand and Vietnam, and will focus on building opportunities in these fast growing economies.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 59.90
UK Pound	1	Rs. 90.88
Euro	1	Rs. 78.32

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		69

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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