Laws of the People's Republic of China

Letter of the China Banking Regulatory Commission on Approving the Bank of India to Set up the Beijing Representative Office

Bank of India,

The letter signed by board chairman and managing director Mr. M．Balachandran and addressed to this Commission has been received.

According to the Measures for the Administration on Representative Offices in China of Foreign-funded Financial Institutions (Decree No. 8, 2002 of the People's Bank of China, hereinafter referred to as these Measures), you are hereby approved to establish a representative office in Beijing, whose Chinese name is "印度银行北京代表处" and English name "Bank of India Beijing Representative Office ".

In accordance with the related provisions of these Measures, Shivanagouda Doddappagoudar is granted an approval to take the position of the chief representative of the Representative Office.

The China Banking Regulatory Commission

February 21, 2006