ISSUANCE AND LISTING OF NON-EQUITY REGULATORY CAPITAL INSTRUMENTS BY BANKS :

The provisions of these regulations shall also, apply to the issuance and listing of Perpetual Non-Cumulative
Preference Shares and Innovative Perpetual Debt Instruments by banks. Only a bank may issue such instruments subject to the prior approval and in compliance with the Guidelines issued by RBI.

If a bank is incorporated as a company under Companies Act, 2013, it shall, in addition, comply with the provisions of Companies Act, 2013 and/or other applicable statues. The bank shall comply with the terms and conditions as may be specified by SEBI from time to time and shall make adequate disclosures in the offer document regardingthe features of these instruments and relevant risk factors and if such instruments are listed, shall comply with the listing requirements.