Laws of the People's Republic of China

Letter of China Banking Regulatory Commission concerning Approving India Allahabad Bank to Establish Shenzhen Representative Office

India Allahabad Bank,

This Commission has received the letter which was signed by O N Singh, chairman of the board of directors of your bank.

You are hereby approved to establish a representative office in Shenzhen, whose name in Chinese is "印度阿拉哈巴德银行深圳代表处" and whose name in English is "Allahabad Bank Shenzhen Representative Office " according to the Measures on the Administration of Representative Offices in China of Foreign-funded Financial Institutions (Order 2002 No. 8, of the People's Bank of China) (hereinafter referred to as these Measures).

According to the related provisions of these Measures, upon approval, Rajiva Choudhary is granted to have the qualifications as the chief representative of this Representative Office.

China Banking Regulatory Commission

February 21, 2006