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1 Private Circulation only Issue - 76 I never attempt to make money in e stock market. I buy on e assumption at ey could close e market e next day and not re-open it for e next 5 years. The above are e words of wisdom uttered by Mr. Warren Buffett, considered by many as e Greatest Investor of all times, and his principles are followed by millions around e world. He is one of e wealiest men in e world and has made his fortune by investing in stock markets. His company is Berkshire Haaway From e President's Desk The most important of his philosophies is Value Investing. Value Investing is an investment philosophy which involves buying securities at appear under priced in comparison to eir fundamentals. The fundamentals are book value, dividend yields, price to earnings multiples, price to book ratios etc. It also advocates e concept of buying business when buying stocks. Value Investing simply is investing for long term, which is what we have been advocating for long. Mr. BANABIHARI PANDA President & Whole time Director Indbank Merchant Banking Services Ltd After e free fall for past few mons, e markets have rebounded and e main reason is cited as e change of guard in e Reserve Bank of India. The measures announced by e new RBI Governor Mr. Raghuram Rajan, has helped in stabilizing our currency and e markets have reacted positively to e same. Furer, ere have been oer factors too namely, e concerns on Syria has been greatly reduced and e grow in economies across e world. Stock Markets are basically channels rough which e savings are transferred to corporates in need of capital. The companies in turn invest e funds to grow eir business furer, which in turn helps e economy and e country grow. However, most of e investors forget e above simple fact and stock markets are being considered as a tool to make quick money. The sad fact is at in pursuit of quick money, people are ending up losing eir hard earned savings. The philosophies on investment have always remained e same and will do in future also. However, it s in our hands to implement ose golden rules. Most of us fail to execute our plans and end up missing and ruing e opportunities lost. It s not at ese strategies are fool proof and never fail, but by following ese strategies we can definitely minimize our losses. Let s do e same!! Until next issue, HAPPY AND DILIGENT INVESTING!! 06/09/2013 Banabihari Panda President and Whole Time Director Indbank Merchant Banking Services Ltd Our website :

2 IMPORTANT HAPPENINGS A. Economic Updates 1. Mr. Raghuram Rajan takes charge as e new Governor of Reserve Bank of India. i. Open Market Purchase Operations (OMOs) of long dated G-Sec of Rs Cr. onaugust 23, ii. Banks can transfer 24.5% of SLR securities from Mark to Market (MTM) portfolios to Hold to Maturity (HTM) category as one-time measure. Banks can value ese securities as on 15 July iii. Banks can account for net depreciation on account of MTM valuation over e remainder of FY in equal installments. iv. RBI will calibrate e issue of cash management bills (CMBs) to keep e short term rates around MSF rate (10.25%) until e volatility of rupee eases. 2. Global rating agency S&P has maintained its negative outlook on India wi BBB- sovereign rating, saying it s too early to say if long-term grow prospects will weaken on sustained basis. 3. The Department of Telecommunication has issued Unified License Migration Policy and has made it mandatory for telecom companies to migrate to Unified License on renewal. 4. After NSEL fiasco, NSDL and CDSL have asked eir clients trading in MCX Commodity Exchange to convert eir demat holdings into delivery. 5. Government of India is proposing, 35% tax on ose earning more an Rs. 10 Cr. in e Direct Tax Code (DTC) bill. The Direct Taxes Bills if approved, will replace e current Income Tax Act, The aviation ministry has called for State Governments across e country to discuss a possible mechanism to reduce e tax on Aviation Turbine Fuel (ATF). B. Regulatory Updates 7. To curb rising instances of public getting defrauded by money pooling schemes, SEBI has declared illegal mobilization of funds as Fraudulent and Unfair Trade Practice. Hencefor, all activities of money mobilization rough un-auorized Collective Investment Schemes (CIS) would face stronger penalties under e revised SEBI(Prohibition of Fraudulent and Unfair Trade Practices) Act. 8. SEBI has directed NSDL and CDSL to stop providing demat services to Commodity Market Participants due to regulatory overlap. 9. SEBI is considering e possibility of introducing a Common Contract Note for stock market investors following representation from brokers. 10. SEBI tightens e Preferential Allotment Guidelines. The salient features are: a. Issuing company shall disclose e ultimate beneficial owner of allotted shares. b. Allotments in preferential issues shall only be made in dematerialized form. c. Preferential issue shall be subscribed only rough e allottee s own bank account d. Lock-In period shall be considered from e latest date of receipt of Trading approval from all e Recognized Stock Exchanges. e. Shares allotted in preferential issue shall not be transferred till trading approval is granted for such shares by e stock exchange. Banabihari Panda President and Whole-time Director Markets for You Inflation (%) Editorial Team Snap Shots (July (June (June (June (June 2013) 2013) 2013) 2013) 2013) rd Particulars 06 Sep. 30 Aug. 23 Aug. 16 Aug. 09 Aug Day Cut-off (%) 10-yr G-Sec yield (%) 1-10 yr spread (bps) USD/INR(Rs) USD 6m LIBOR 10 Y US Treasury (119) (173) (149) (147) (139) USD/Euro Spot Global Indices Indices Country Index as on 29 July 2013 Index as on 30 August 2013 Variation (%) (Inc/ Dec) NASDAQ United States 3, , (0.26) DJIA United States 15, , (4.58) S&P 500 United States 1, , (3.11) Hang Seng Hong Kong 21, , (0.54) Nikkei 225 Japan 13, , (1.99) Shanghai Composite China 1, , Straits Times Singapore 3, , (6.43) FTSE 100 United Kingdom 6, , (2.25) CAC 40 France 3, , (0.89) DAX Germany 8, , (1.89) SENSEX India 19, , (4.97) NIFTY India 5, , (6.17) Institutional Investments Category Debt / Gross Gross Net Equity Purchases Sales Investment (Rs Crores) (Rs Crores) (Rs Crores) FII Investments Equity (in August up to ) Debt Mutual Fund Equity (in August up to ) Debt FII Derivative Trades INDEX INDEX STOCK STOCK (in August up to ) FUTURES OPTIONS FUTURES OPTIONS - Buy Sell S. Rajalakshmi SSO 2

3 IPO and NFO Review Integrated Technology Company, Trimax IT Infrastructure and Services Ltd. has filed e DRHP wi SEBI. The Company plans to use e proceeds for procurement of hardware, software and oer equipment and for oer general corporate purposes. NSDL heaved a sigh of relief as e Securities Appellate Tribunal (SAT) set aside an order given by SEBI in e Rs. 500 Cr. IPO scam of DSQ Software. SEBI has barred HUF entity headed by Zealous Trading Company proprietor Mr. Jayesh Khandalwala & surrender unlawful gains amounting to Rs 3.88 Cr. for irregularities in e IPOs of IDFC, Sasken Communication and Suzlon Energy. Furer, it has also been fined Rs Cr. IPO NEWS CORPORATE ACTIONS SEBI has barred Onelife Capital Advisors Ltd. and its Managing Director Mr. Pandoo P Naig from e securities market for a period of 3 years for illegally diverting IPO proceeds. Snowman Logistics Ltd. a leading cold chain service provider/ird party logistics provider/supply chain partner in India has filed DRHP wi SEBI. Eros International Plc, parent company of Eros International Media Ltd a leading media company in e Indian film industry has filed an updated registration statement wi SEC, United States. FORTH COMING CORPORATE ACTIONS Company Name Symbol Record Date Ex Date Purpose Ajanta Pharma Limited AJANTPHARM 18-Sep Sep-13 Bonus 1:2 Uniphos Enterprises Limited UNIENTER 19-Sep Sep-13 Rights Premium Rs.15/- Per Share Mayur Uniquoters Ltd MAYURUNIQ 26-Sep Sep-13 Face Value Split From Rs.10/- To Rs.5/- NEW LISTINGS Company Name Offer Exchange Listing List Latest Traded Price % Change to Price (Rs.) Date Price (Rs.) List Price (Rs.) Moneymasters Leasing & Finance Ltd BSE SME GCM Securities Ltd BSE SME (27.90) Alacrity Securities Ltd BSE SME (32.02) Silverpoint Infratech Ltd BSE SME (0.77) VKJ Infradevelopers Ltd BSE SME (15.13) Kushal Tradelink Ltd BSE SME NEW FUND OFFERS Scheme Type Class Open Date Close Date Offer Price Min. Inv. Amount DWS FMP S37 Close Debt FMP BirlaSL FTP S HZ Close Debt FMP DSPBR FMP S117 12M Close Debt FMP ICICIPru FMPS F Close Debt FMP JPMorgan FMP S27 Close Debt FMP ICICIPru MultiY S5A Close Debt - Income MARKET COMPARISON 3

4 OUR PICKS BRITANNIA INDUSTRIES LTD. A major player in e Indian Foods market wi leadership position in Rs. 124 billion Indian bakery market. Investment Rationale Revamped organization structure. High premiumisation. Newness & Innovation. Opportunities in bakery sector. KEY RISK: Rising Material Cost. EPS: PE Ratio: Book Value: Rs BIOCON LTD. A fully integrated healcare company and is e largest biotech company in India. Investment Rationale Robust financials. Strategic partnership wi Mylan. Changes in Organization Structure. Inputs in R& D to help client acquisition. KEY RISK: Regulatory Approvals. EPS: PE Ratio: Book Value: Rs BUY Long Term CMP : Rs * Target : Rs W H/L : Rs. 773/400 Potential Upside 16.40% BUY Long Term CMP : Rs * Target : Rs W H/L : Rs. 360/238 Potential Upside 13.00% BSE Code: BSE Code: NSE Code: BRITANNIA NSE Code: BIOCON BAJAJ AUTO LTD. nd World s largest 3-wheeler manufacturer and 2 largest 2- wheeler maker of India. Investment Rationale Grow despite slowdown. Optimised resources & improved efficiencies. Global expansion. New launches. KEY RISK: Sluggish Export. TATA POWER LTD. Company operating 20% of India s crude oil production wi a market cap of $10.5 billion. Investment Rationale EPS: PE Ratio: Book Value: Rs Rising power demand in India. Capacity expansion. Global acquisitions. Probable rise in power tariffs. KEY RISK: Scarcity of Coal. EPS: (0.40). PE Ratio: (210.50). Book Value: Rs BUY Long Term CMP : Rs * Target : Rs W H/L : Rs. 2229/1605 Potential Upside 12.00% BUY Long Term CMP : Rs * Target : Rs W H/L : Rs /68.2 Potential Upside 12.10% BSE Code: BSE Code: NSE Code: BAJAJ-AUTO NSE Code: TATAPOWER 4

5 OUR PICKS FOR MEDIUM TERM BUYING BATA INDIA LIMITED. Leader in India s organized footwear industry. 3 Mons Mons Year 1.80 Beta: 0.70 Market Cap: Rs Billion MRF LIMITED. Leading tyre maker in India engaged in manufacturing, distribution and sale of tyres for various kinds of vehicles. 3 Mons (0.70) 6 Mons (3.50) 1 Year Beta: 0.98 Market Cap: Rs Billion MINDTREE LIMITED. An International IT, Consulting and implementation company. 3 Mons Mons Year Beta: 0.34 Market Cap: Rs Billion BAJAJ HOLDINGS & INVESTMENTS LIMITED. An India based investment company classified as Systematically Important Non-Deposit taking NBFC. 3 Mons (7.80) 6 Mons (15.80) 1 Year 6.50 Beta: 0.08 Market Cap: Rs Billion GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED. Acompany engaged in malt based food and nutritional business whose brands include Horlicks Ninja, Junior Horlicks, Maltova, Viva, Boost etc. 3 Mons (18.60) 6 Mons Year Beta: Market Cap: Rs Billion APOLLO HOSPITAL ENTERPRISE LIMITED. An Indian based company which operates a private hospital group. 3 Mons (10.40) 6 Mons Year Beta: 1.30 Market Cap: Rs Billion MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED. Subsidiary of Mahindra & Mahindra Ltd, one of India s premier non-banking finance company. 3 Mons (1.70) 6 Mons Year Beta: 0.08 Market Cap: Rs Billion BSE Code : NSE Code : BATAINDIA CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs. 989/688 BSE Code : NSE Code : MRF CMP : Rs ** Target : Rs Stop Loss : Rs W H/L : Rs /9571 BSE Code : NSE Code : MINDTREE CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs /623 BSE Code : NSE Code : BAJAJHLDNG CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs. 1058/742 BSE Code : NSE Code : GSKCONS CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs. 6020/2791 BSE Code : NSE Code : APOLLOHOSP CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs. 1096/618 BSE Code : NSE Code : M&MFIN CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs /145 For detailed analyst reports, please visit: Reports & Downloads Equity Research *Closing price as on on NSE 5

6 Capitalisation Large Medium Small Mutual Fund Corner Scheme of e Mon UTI OPPORTUNITIES FUND GROWT LEVEL OF RISK: BROWN (HIGH RISK) Fund Manager : Mr. Anoop Bhaskar Investment Objective : This scheme seeks to generate capital appreciation and/or income distribution by investing e funds of e scheme in equity shares and equity-related instruments. The main focus of is scheme is to capitalize on opportunities arising in e market by responding to e dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trends change. Current Statistics & Profile Latest NAV ( ) 52-Week High ( ) 52-Week Low ( ) Fund Category Equity- Large & Mid Cap Type Open End Launch Date September Net Assets (Cr) ( ) Benchmark S&P BSE Sensex 100 Trailing Returns As on Fund Return Category Return Year to Date (2.68) (5.52) 1-Mon Mon (0.28) (1.88) 1-Year Year 5.20 (0.97) 5-Year Return Since Launch Note: Return up to 1 year are absolute and over 1 year are annualized Asset Allocation As on 31/08/2013 % Net Assets Equity Debt 0.88 Cash & Cash Equivalents 4.33 Investment Details Minimum Investment Amount Rs.5000 Additional Investment In multiples of Rs.1000 SIP Yes; Min Rs.5000; Min Mons: 6 Options Dividend Expense Ratio (%) 1.85 (Regular);0.00 (Direct) Fund Style Portfolio Characteristic - As on Investment Style Grow Blend Value Avg. Mkt. Cap Cr Market Capitalization Giant 56.96% Large 27.02% Mid 15.85% Tiny 0.01% Portfolio P/B Ratio: 4.77 Portfolio P/E Ratio: PORTFOLIO Top 10 Holdings as on 31/08/2013 Sl. No. Name of Holding Instrument % Net Assets 1. Infosys Equity Tata Consultancy Services Equity ITC Equity HDFC Bank Equity Reliance Industries Equity Larsen & Toubro Equity ICICI Bank Equity HDFC Equity Sun Pharmaceutical Industries Equity Bharti Airtel Equity 3.13 Top Sector Weightings As on 31/08/2013 Sector % Net Assets Technology Financial FMCG 9.29 Energy 8.19 Healcare

7 Beginner's Corner rd 23 GOVERNOR OF RESERVE BANK OF INDIA The markets have reached eir historic heights during e past one week, which has been attributed to e Rajan effect. Who is rd Mr. Raghuram Govind Rajan?. He is e 23 Governor of Reserve nd Bank of India and 2 youngest to head our country s central bank. We give below a brief biography of e new RBI Governor. Early Life & Academic Credentials: Raghuram Rajan was born in 1963 in Bhopal. His faer is an Indian Foreign Service Officer, because of which he travelled widely across e world. He settled down in Delhi and completed his schooling from Delhi Public School. In 1985, he graduated from Indian Institute of Technology, Delhi wi a Bachelors degree in Electronic Engineering, post which he acquired a Post Graduate Diploma in Business Administration from e Indian Institute of Management, Ahmedabad in He received his doctorate from e MIT in 1991 for his esis titled Essays on Banking. Career: After graduation, Rajan joined e Boo School of Business at e University of Chicago. He was en appointed as e youngestever Economic Counselor and Director of Research (chief economist) at e International Monetary Fund (IMF) from October 2003 to December In 2003, he was also e inaugural recipient of e Fischer Black Prize awarded by e American Finance Association for contributions to e eory and practice of finance by an economist under age 40. The Center for Financial Studies (CFS) has awarded e 5 Deutsche Bank Prize in Financial Economics to Raghuram G. Rajan for his highly influential contributions in a remarkably broad range of areas in financial economics. Foresight: In 2005, at a celebration honoring Mr. Alan Greenspan, who was en chairman of e US Federal Reserve, Rajan delivered a paper at was critical of e financial sector. In at paper titled, Has Financial Development Made e World Riskier?, he argued at disaster might loom as financial sector managers are encouraged to take risks at generate severe adverse consequences wi small probability but, in return, offer generous compensation e rest of e time. These risks are known as tail risks. But perhaps e most important concern is wheer banks will be able to provide liquidity to financial markets so at if e tail risk does materialize, financial positions can be unwound and losses allocated so at e consequences to e real economy are minimized. The response to Rajan s paper at e time was negative. For example, former U.S. Treasury Secretary and former Harvard President Lawrence Summers called e warnings misguided. However, following e 2008 economic crisis, Rajan s views came to be seen as prescient; by January 2009, The Wall Street Journal proclaimed at few are dismissing his ideas. India s Chief Economic Advisor In November 2008, Rajan was appointed as Honorary Economic Advisor to e Prime Minister of India Mr. Manmohan Singh. He took leave from University of Chicago to take up e assignment. On 10 August 2012, he was appointed as e Chief Economic Advisor of India. He is credited wi preparing e first Economic Survey for India in e year Apart from e above, he also serves as Eric J. Gleacher Distinguished Service Professor of Finance at e Boo School of Business at e University of Chicago and is also a visiting professor for e World Bank, Federal Reserve Board, and Swedish Parliamentary Commission. Publications Rajan has a highly acclaimed work record. He published Saving Capitalism from e Capitalists, along wi Chicago Boo professor Luigi Zingales in In 2010, he published Fault Lines: How Hidden Fractures Still Threaten e World Economy which won e Financial Times and Goldman Sachs Business Book of e Year Award for In 2012, he published The True Lessons of e Recession; The West Can t Borrow and Spend Its Way to Recovery. His appointment as RBI Governor has been received well in e financial quarters, and he has announced a host of measures to curb e falling rupee. The markets have reacted positively to ese measures and as stated earlier, e indices have zoomed to heights. Will is momentum continue? Do academics make good central bankers? We have listed a few distinguished examples: 1. C Rangarajan former RBI Governor, taught at various institutions including University of Pennsylvania and IIM A. 2. Stanley Fischer head of Central Bank of Turkey, was an associate professor of economics at e Bilkent University in Turkey. 3. Erdem Basci was a former chief economist at World Bank and had successful seven year tenure at Bank of Isreal. Wi great academic credentials and global exposure, everybody is optimistic at Mr. Rajan will lead his team wi success. WATCH OUT FOR OUR SUBSEQUENT ISSUES FOR MORE INFORMATION!!! HAPPY INVESTING!!! DISCLAIMER The information and opinions contained herein have been complied or arrived at based upon information obtained in good fai from sources believed to be reliable. Such information has not been independently verified and no guarantee, representation of warranty, express or implied is made as to its accuracy, completeness or correctness. The information has appeared in various external sources / media for public use or consumption and is now meant only for members and subscribers. The views expressed and/or events narrated/stated in e said information/ news items are perceived by e respective source. All such information and opinions are subject to change wiout notice. This document is for information purpose only. No one can use e information as e basis for any claim, demand or cause of action. While we would endeavor to update e information herein on a reasonable basis, we do not undertake to advise you as to any change of our views expressed in is document. This report has been produced independently of e company, and forward looking statements, opinions and expectations contained herein are entirely ose of Indbank and given as part of its normal research activity. Descriptions of any company or companies or eir securities mentioned herein are not intended to be complete and is document is not, and should not be construed as an offer or solicitation of an offer, to buy or sell any securities or oer financial instruments. Indbank, its directors, analysts or employees do not take any responsibility financial or oerwise, of e losses or e damages sustained due to e investments made or any action taken on basis of is report, including but not restricted to, fluctuation in e prices of e shares and bonds, changes in e currency rates, diminution in e NAVs reduction in e dividend or income, etc. IBMBS and its affiliates, officers, directors and employees including persons involved in e preparations or issuance of is report may from time to time have interest in securities ere of, companies mentioned ere in. 7

8 1. Chennai 2. Harbour 3. Anna Nagar 4. CMDA 5. T. Nagar 6. Adyar 7. Ashok Nagar 8. Nanganallur 9. Mylapore 10. Purasawalkam 11. Vellore 12. Delhi 13. Preet Vihar 14. Shantiniketan 15. Mumbai 16. Matunga Bazar 17. Pune 18. Chandigarh 19. Ahmedabad 20. Coimbatore 21. Salem 22. Tiruppur 23. R S Puram 24. Udumalpet 25. Ernakulam 26. Bangalore 27. Bangalore Cantonment 28. Mangalore 29. Udupi 30. Tirunelveli 31. Palayamkottai 32. Sivakasi 33. Rajapalayam 34. Madurai 35. K K Nagar 36. Hyderabad 37. Secundarabad 38. Srinagar Colony 39. Guntur 40. Tirupai 41. Puducherry 42. Erode 43. Kangeyam 44. Srirangam 45. Tirchy 46. Tuticorin 47. Thanjavur 48. Kumbakonam 49. Vishakapatanam 50. Calicut 51. Thrissur 52. Vijayawada 53. Kolkatta CONTACT US 1st Floor, Khivraj Complex 1, No. 480 Anna Salai, Nandanam, Chennai , Ph: (General), (DP Direct), Fax: , Mobile: , chennai@indbankonline.com, imssbc@e.net Indian Bank, Harbour Branch (Ground Floor) 66,Rajaji Salai, Chennai , Ph: , Mobile: , parrys@inbankonline.com Indian Bank, Ground Floor, W100 2nd Avenue,Anna Nagar, Chennai 40,Ph: ,Mobile: , annanagar@indbankonline.com Indian Bank, CMDA Towers, No 1, Gandhi Irwin Road, Egmore, Chennai , Ph: , Mobile: , cmda@indbankonline.com Indian Bank, No. 7, Prakasam Road, T Nagar, Chennai , Ph: , Mobile: , tnagar@indbankonline.com Indian Bank, 91, 1st Main Road, Gandhi Nagar, Adyar, Chennai , Ph: , Mobile : , adyar@inbankonline.com st Indian Bank, Ashok Nagar Branch, No. 69,1 Avenue,Ashok Nagar, Chennai ,Ph: ,Mobile: ,ashoknagar@indbankonline.com Indian Bank, Nanganallur Branch, Plot: 7B/8,6 Main Road, Nanganallur, Chennai , Ph: , Mobile: , nanganallur@indbankonline.com Indian Bank, Ground Floor, 21 Nor Mada Street, Chennai , Ph: , Mobile: , mylapore@indbankonline.com Indian Bank, No. 30/275 Purasawalkam, Vepery, Chennai , Ph: , Mobile: , purasawalkam@indbankonline.com Indian Bank, Vellore Main Branch, 46-51, TKM complex, Katpadi Road, Vellore , Ph: , Mobile: , vellore@indbankonline.com Indian Bank Zonal Office, RBS Branch, Upper Ground Floor, World Trade Centre, Babar Road, New Delhi , Ph: / , Mobile: , delhi@indbankonline.com Indian Bank, Preet Vihar Branch, C-47, Preet Vihar, New Delhi ;Ph: , Mobile: , preetvihar@indbankonline.com Indian Bank, Shantiniketan Branch, DDA Market, Shantiniketan, New Delhi Ph.: / , shantiniketan@indbankonline.com Varma Chambers, Ground Floor, 11, Homeji Street, Fort, Mumbai Ph: , Mobile : , mumbai@indbankonline.com Indian Bank, Basement, No. 266 A Temple Avenue, Deodhar Road, Matunga East, Mumbai ; Ph: /44, Mobile: ; matunga@indbankonline.com Indian Bank, Pune Cantonment Branch, 35 Aurora Towers, East Wing, 9 Moledina Road, Pune , Ph: / , Mobile: , pune@indbankonline.com Indian Bank, S C O 38-39, Madhya Marg, Sector 7C, Sector 19, Chandigarh , Ph: , Mobile : , chandigarh@indbankonline.com Indian Bank, Maruti House, Opp.Popular, Old High Court Way, Ashram Road, Ahmedabad Ph: , Mobile: , ahmedabad@indbankonline.com I Floor, 31, Variety Hall Road, Coimbatore Ph: , , Mobile : , coimbatore@indbankonline.com Indian Bank, Salem Fort Branch, Door No. 45,Sannai Street, Fort, Salem , Ph: ,Mobile: , salem@indbankonline.com Indian Bank, P O Box: 101, No. 83.Court St, Tiruppur , Ph: / ,Mobile: , tiruppur@indbankonline.com Indian Bank, Door No. 434,DBRoad, R S Puram, Coimbatore ,Ph: / ,Mobile: , rspuram@inbankonline.com Indian Bank, 130 Palani Main Road, Udumalpet ,Ph: ,Mobile: , udumalpet@indbankonline.com Indian Bank, Door No. 40/8005 & 40/8006,MGRoad, Nr. Padma Junction,Ernakulam , Ph: / , Mobile: , ernakulam@indbankonline.com Indian Bank, City Branch, No. 10, Kempegowda Road (KG Road), Bangalore ;Ph: ,Mobile: , bangalore@indbankonline.com Indian Bank, No. 35,Lady Curzon Road, Shivaji Nagar, Commercial Street, Bengaluru , Ph: , Mobile: , bangalorecantt@indbankonline.com Indian Bank, P B No: 109,KSRao Road, Hampakatta, Mangalore , Ph: / ,Mobile: , mangalore@indbankonline.com Indian Bank, Krishna Arcade,Opp.Shankar Vittal Garage, G B Pan Road, Udupi ; Ph: ; Mobile: , udupi@indbankonline.com st Indian Bank, 1 Floor, New No. 33 (Old No. 5J), Madurai Road, Thirunelveli Junction,Thirunelveli Ph: /72, Mobile: , tiruneveli@indbankonline.com IndianBank, P.B. No. 39,No. 84, ThiruvanaampuramRoad, Palayamkottai, Tirunelveli ,Ph: , Mobile: , palayamkottai@indbankonline.com IndianBank, No. 55NewRoad, Sivakasi ,Ph: ,Mobile: ; sivakasi@indbankonlline.com Indian Bank, Rajapalayam Branch, 825 Tenkasi Road, Rajapalayam ; Ph: ;Mobile: ; rajapalayam@indbankonline.com IndianBank, ZonalOffice,ThirdFloor, 100/101, AvaniMoolaStreet, Madurai , Ph: / ;Mobile: , madurai@indbankonline.com IndianBank, No. 1, VinayakaNagar, KKNagar, Madurai ,Ph: / , Mobile: , kknagar@indbankonline.com I Floor, , Himayat Nagar, Hyderabad Ph: / 68, Fax : , Mobile : , hyderabad@indbankonline.com Indian Bank, 201, Karan Center, Sarojini Devi Road, Secunderabad, Andhra Pradesh , Ph: , Mobile : , secundarabad@indbankonline.com Indian Bank, 127, Srinagar Colony road, Srinagar Colony, Hyderabad, Andhra Pradesh , Ph: , Mobile: , srinagarcolony@indbankonline.com Indian Bank, Brodipet Branch, , IV Line,Guntur ;Ph: ;Mobile: , guntur@indbankonline.com No.24, , Gandhi Road, Tirupai ; Phone No: ; Mobile: ; tirupai@indbankonline.com nd Indian Bank, Puducherry Main Branch, No. 288,2 Floor, Amudha Surabhi, M G Road, Puducherry , Ph: ,Mobile: , puducherry@indbankonline.com Indian Bank, Erode Main Branch, No. 9, Gandhiji Road, Erode , Ph: , ,Mobile: , erode@indbankonline.com Indian Bank, No. 451/3 Rajaji Street, Opp.Surya Agency, Kangeyam , Ph: ,Mobile: , kangeyam@indbankonline.com Indian Bank, S.N. Towers, No. 121, Thiruvalluvar Street, Srirangam, Trichy ,Ph: / ,Mobile: , srirangam@indbankonline.com Indian Bank, Sree Naga Arcade, No. 5 Williams Road, Cantonment,Trichy , Ph: / ,Mobile: , trichy@indbankonline.com Indian Bank, 64 Beach Road, 1st Floor, Tuticorin , Ph: ,Mobile: , tuticorin@indbankonline.com Indian Bank Micro-State Branch, Ground Floor, No:1087, Mission Street, Thanjavur , Ph: ,Mobile: , anjavur@indbankonline.com Indian Bank, Kumbakonam Main Branch, T S No ,Dr. Besant Road, Kumbakonam ; Ph: ; Mobile: ; kumbakonam@indbankonline.com st Indian Bank, ,1 Floor, Sarada St, Dabagardens, Visakhapatnam ,Ph: , Mobile: , visakhapatnam@indbankonline.com Indian Bank, Kozhikode Branch, LIC Building,SMStreet, Kozhikode , Ph: ,Mobile: , calicut@indbankonline.com Indian Bank, Kollannur Devassy Building,Round East, Thrissur, Kerala ; Ph: ;Mobile: ; rissur@indbankonline.com st Indian Bank, 1 Floor, M G Road, Opp.Fortune Murali Park, Labbipet, Vijayawada Ph: ,Mobile: , vijayawada@indbankonline.com Indian Bank, 3/1, R N Mukherjee Road, Sriram Chambers, Kolkata , Ph: ,Mobile: , kolkata@indbankonline.com FRANCHISEE OFFICE 176 A, Coimbatore Main Road, Mettupalayam , Ph. : , Mobile: , Contact Person: Mr. Ravi Rajan