It gives me immense pleasure in informing you that after 3 years of

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1 Private Circulation only May Issue - 60 It gives me immense pleasure in informing you at after 3 years of consecutive net losses, your company has turned around and has poed a net profit of Rs. 11 Lakhs for e financial year ending March 31, 2012, despite e not so conducive market conditions. This turnaround would not have been possible wiout e patronage of clients like you and I ank you for e same. From e President's Desk A few days back, I was ifling rough e various newspapers. A news item, a atement by SEBI Chairman Mr. U K Sinha, on Algorim trading caught my attention. Recently, SEBI has also issued broad guidelines to Stock Exchanges on Algorim Trading. Adjacent to same was e item on increased volatility in Infosys future on April 20, My que for more details on e new concept, led me to various amazing practices which are detailed in a recent article in e Business Line. A gi of e same is brought out in is issue s Beginner s Corner. I tru at you will find it useful. Mr. BANABIHARI PANDA President & Whole time Director Indbank Merchant Banking Services Ltd It s ju amazing to note as to how we have grown to be dependent on technology. Today, communication wiout mobile phones and work wiout computers is ju unimaginable. Technology has grown leaps and bounds during e la few decades and is continuing to grow at a faer pace. At e same time, technology is a tool and its use entirely depends on e user. Furer, one beautiful ing is at, wi rapid innovations and consequent price reduction, technology becomes affordable to all. The increased penetration of Mobile and internet connectivity in e world is e proof for e same. There are hundreds of website available which helps in doing analysis of e markets and ocks. Indbank s website ( has a built in Portfolio Tracker, rough which you can create a portfolio. You can also fix targets for each ock and a message will be sent to your mobile if e ock reaches e target set. Now, Indbank s online trading portal offers you e convenience of 24*7*365 service experience wi facilities of order placing, account (Demat & Broking a/c) viewing, access to market information and research reports. Let s use e technology and maximize our returns. 04/05/2012 Banabihari Panda President and Whole Time Director Indbank Merchant Banking Services Ltd

2 DOMESTIC DEVELOPMENTS MONETARY POLICY REVIEW BY RESERVE BANK OF INDIA on Wi e la review of e monetary policy, happening ju before e budget, all eyes were on e announcements during is review. The key takeaways are Repo Rate lowered by 50 bps to be at 8% from e earlier 8.5%. Reverse Repo Rate ands at 7% from e earlier 7. 50%. Cash Reserve Ratio (CRR) at 4.75% and SLR at 24% remain unchanged. The baseline GDP grow for is projected at 7.3%. Inflation is projected to be at 6.5%. Rising inflation due to rise in commodity prices especially crude oil coupled wi fiscal and current account deficits have been indicated as major risk factors hampering e grow of e economy. S&P lowered India s credit outlook to negative (BBB-), wi a warning of furer downgrade in anoer two years. BBB- is e lowe invement grading and ju a notch above e Junk Status. The widening fiscal and current account deficits have been cited as reasons for e downgrade. RBI raises exposure limits for banks to lend to Non- Governmental NGOs, engaged in financing houses for slum dwellers to Rs. 10 Lakhs from e exiing Rs. 5 Lakhs. International Monetary Fund predicted India s grow foreca to be 6.9% for is year. According to RBI, Information on e MICR and IFSC codes has to be made available in e passbook/atement of accounts of e account holders. INTERNATIONAL DEVELOPMENTS The US Federal Reserve Chairman assured e companies at e Federal Bank will not hesitate to launch anoer round of bond purchases if e economy weakens. According to Moody s Inveor Service, e Chinese economic grow will slow down to 7.5%-8.5% in 2012 and 2013 as recession in Eurozone hampers its export potential. Britain s GDP fell 0.2% in 1 Quarter of 2012 following a decline of 0.3% in e la quarter of 2011, us proving true e fears of recession. The Bank of Japan expanded its asset purchase fund by 5 trillion yen to about 70 trillion yen while extending e maturity of bonds to 3 years. S&P lowered Spain s long term credit rating to BBB+ from A, wi negative outlook reviving concerns about Europe s debt crisis. OUTLOOK Tight Rope between Reforms and Subsidies The markets are expected to be range bound during e forcoming mons, on feeble national and global cues. Markets are expected to trade in e range of in case of NIFTY and in case of Sensex. The market is expected to witness more of a ock specific action, as is is e season for results. Banabihari Panda President and Whole-time Director Markets for You 2 Inflation (%) Indices Global Indices Country Snap Shots Particulars 27 April 20 April 13 April 06 April Day Cut-off (%) 10-yr G-Sec yield (%) 1-10 yr spread (bps) USD/INR(Rs) USD 6m LIBOR 10 Y US Treasury (2) NA USD/Euro Spot NA Index as Index as on 30 on 27 March 2012 April 2012 Variation (%) (Inc/ Dec) NASDAQ United States 3, , (0.72) DJIA United States 13, , S&P 500 United States 1, , (0.36) Hang Seng Hong Kong 20, , Nikkei 225 Japan 10, , (5.58) Straits Times Singapore 3, , (0.96) FTSE 100 United Kingdom 5, , CAC 40 France 3, , (4.60) DAX Germany 6, , (2.09) Shangai Composite China 2, , SENSEX India 17, , (1.55) NIFTY India 5, , (1.98) Category Debt / Gross Gross Net Equity Purchases Sales Invement (Rs Crores) (Rs Crores) (Rs Crores) FII Invements Equity Debt ( ) ( ) Mutual Fund Equity Debt (675.60) FII Derivative Trades INDEX INDEX STOCK STOCK FUTURES OPTIONS FUTURES OPTIONS - Buy Sell (March (Feb. (Feb. (Jan. 2012) 2012) 2012) 2012) Initutional Invements (in March up to ) *Upto Editorial Team P. Mugundan Executive Vice President & CS S. Rajalakshmi SSO

3 Pfizer Incorporation is mulling dis-invement of its animal heal business rough an IPO and share swap wi exiing shareholders. The animal heal business of e Company poed revenues of $4.18billion in The Cambodian Stock Exchange re-opened after nearly 10 years. The fir IPO was at of public utility Phnom Penh Water Supply IPO and NFO Review GLOBAL NEWS INDIAN NEWS New Liings Company Name Offer Exchange Liing Li Late Traded % Change to Price (Rs.) Date Price (Rs.) Price (30/04/2012) Li Price (Rs.) MT Educare Ltd BSE & NSE National Buildings Conruction Company Ltd BSE & NSE (5.35) Closed Issues Company Name Exchange Price Band Fixed Issue Issue Over Price (Rs.) Opened on Closed on Subscription Tribhovandas Bhimji Zaveri Ltd. BSE & NSE Rs NA times FORTHCOMING CORPORATE ACTIONS Company Name Symbol Record Date Ex Date Purpose Hexaware Technologies Limited HEXAWARE 11-May May-12 Interim Dividend Rs.1.50 Per Share Godrej Consumer Products Limited GODREJCP 10-May May-12 Interim Dividend Marico Limited MARICO 09-May May-12 2nd Interim Dividend Foseco India Limited FOSECOIND 07-May May-12 Interim Dividend HCL Infosyems Limited HCL-INSYS 04-May May-12 3rd Interim Dividend Re.1/- Per Share (Purpose Revised) New Fund Offers Scheme Type Class OpenDate CloseDate OfferPrice Min. Inv.Amount BirlaSL FTP S FI Close Debt - FMP 24-Apr-12 2-May HDFC FMP 370DApr12 2 Close Debt - FMP 25-Apr-12 2-May HDFC FMP92D Apr12 2 Close Debt - FMP 25-Apr-12 2-May ICICIPruFMPS64 367DB Close Debt - FMP 25-Apr-12 2-May L&T FMP VI Apr 90D A Close Debt - FMP 30-Apr-12 2-May BirlaSL FTP S FE Close Debt - FMP 23-Apr-12 3-May IDFC FMP 18M S11 Close Debt - FMP 25-Apr-12 3-May HDFC FMP 24M Apr12 1 Close Debt - FMP 25-Apr-12 8-May HDFC FMP370D May12 1 Close Debt - FMP 4-May-12 8-May IDFC FMP 366D S72 Close Debt - FMP 4-May-12 8-May SBI DFS 366D 3 Close Debt - FMP 3-May-12 8-May IDBI India Top100 Eq Open Equity - Diversified 25-Apr-12 9-May L&T FMP VI May369D A Close Debt - FMP 4-May-12 9-May Reliance FHF XXII S7 Close Debt - FMP 4-May-12 9-May DSPBR DualAdv S3 36M Close Debt - Income 2-May May Taurus Bank&FinServi Open Equity - Sector Fund 2-May May JP MorganInd HybridS1 Close Debt - Income 7-May May BNP Pari Income & Gold Open Debt - Income 17-May May Auority. The IPO raised $21 Million and debuted on e bourses onapril 21, The following is e li of IPOs which graced e global markets: Oaktree Capital Group LLC (OAK) - $ Million. MRC Global Incorporation - $ Million. Splunk Incorporation - $ Million.

4 OUR PICKS RELIANCE INFRASTRUCTURE LTD. Part of Reliance Group, India's large private sector infraructure company. Leader in utility space. Invement Rationale Robu performance of e company s EPC Division. Reructuring plans. Strong Financials. Opportunities in power sector in India. EPS: PE Ratio: Book Value: Rs BUY Long Term CMP : Rs * Target : Rs W H/L : Rs.710/328 Potential Upside 16% BSE Code: NSE Code: RELINFRA HINDUSTAN NATIONAL GLASS AND INDUSTRIES LTD. India s leading container glass company wi around 55% market share. Invement Rationale Only player in e sector wi 55% market share. Expansion plans. Efforts to reduce cos and increase margins. Growing demand in cosmetics and personal care segments. EPS: 9.90 PE Ratio: Book Value: Rs BUY Long Term CMP : Rs * Target : Rs W H/L : Rs.235.6/121.5 Potential Upside 25% BSE Code: NSE Code: HINDNATGLS BHARAT PETROLEUM CORPORATION LTD. A Navaratna PSU, engaged in Integrated Oil Refining, exploration and marketing. BUY Long Term Invement Rationale Market Cap of $5 Million. Strong Financials. Proposed pump-in of funds. Recent discoveries of natural gas. EPS: PE Ratio: Book Value: Rs CMP : Rs * Target : Rs W H/L : Rs.712/653 Potential Upside 25% BSE Code: NSE Code: BPCL JAIPRAKASH POWER VENTURES LTD. Part of Jaypee Group. The company is India s large private hydropower generator operating 1700 MW of run-of-e-river projects. Invement Rationale Large private player wi rong order-book position. Fuel Supply Agreement wi Coal India. Robu Financials. Increasing opportunities in e power sector. EPS: 0.70 PE Ratio: Book Value: Rs BUY Long Term CMP : Rs * Target : Rs W H/L : Rs.54/31.2 Potential Upside 26% BSE Code: NSE Code: JPPOWER 4

5 OUR PICKS FOR MEDIUM TERM BUYING TATA GLOBAL BEVERAGES LTD. Emerging player in e global beverage market. 3 Mons Mons Mons Beta: 1.41 Market Cap: Rs Billion Enterprise Value: Rs Billion ULTRATECH CEMENT LTD. Manufactures and Markets Cement and Cement Related Products. 3 Mons Mons Mons Beta: 0.85 Market Cap: Rs Billion Enterprise Value: Rs Billion HINDUSTAN ZINC LTD. Integrated producer of Zinc, Lead and Silver. 3 Mons Mons Mons (7.00) Beta: 1.08 Market Cap: Rs Billion Enterprise Value: Rs Billion TITAN INDUSTRIES LTD. India s large retail network, engaged in manufacturing of watches, jewellery, eyewear and precision jewellery. 3 Mons Mons Mons Beta: 1.28 Market Cap: Rs Billion Enterprise Value: Rs Billion FEDERAL BANK LTD. India s 4 large bank in terms of capital base wi Capital Adequacy Ratio of 17.23%. 1 Mon (0.40) 3 Mons Mons Beta: 1.17 Market Cap: Rs Billion Enterprise Value: Rs Billion RELIANCE POWER LTD. Part of Reliance Group, one of India s large business houses. 3 Mons Mons Mons Beta: 1.80 Market Cap: Rs Billion Enterprise Value: Rs Billion INFOSYS LTD. nd 2 large IT services company of India. 3 Mons (7.20) 6 Mons (11.80) 9 Mons (12.60) Beta: 0.81 Market Cap: Rs Billion Enterprise Value: Rs Billion HDFC BANK LTD. nd India s 2 large private sector lender engaged in providing a range of banking & financial services. 3 Mons Mons Mons 7.90 Beta: 0.89 Market Cap: Rs Billion Enterprise Value: Rs Billion BSE Code : NSE Code : TATA GLOBAL CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs /80.00 BSE Code : NSE Code : ULTRACEMCO CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / BSE Code : NSE Code : HINDZINC CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / BSE Code : NSE Code : TITAN CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / BSE Code : NSE Code : FEDERALBNK CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / BSE Code : NSE Code : RPOWER CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs /68.50 BSE Code : NSE Code : INFY CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / BSE Code : NSE Code : HDFCBANK CMP : Rs * Target : Rs Stop Loss : Rs W H/L : Rs / For detailed analy reports, please visit: Reports & Downloads Equity Research 5 *Closing price as on on NSE

6 Capitalisation Large Medium Small Mutual Fund Corner Scheme of e Mon FRANKLIN INDIA BLUECHIP - GROWTH Fund Manager: Mr. Anand Radhakrishnan & Mr. Anand Vasudevan Invement Philosophy : An open ended grow scheme wi an objective primarily to provide medium to long-term capital appreciation. The fund manager seeks eady and consient grow by focusing on well eablished, large size companies. Current Statiics & Profile Late NAV (27/04/12) 52-Week High (21/02/12) 52-Week Low (20/12/11) Fund Category Equity: Large Cap Type Open End Launch Date December 01,1993 Net Assets (Cr) ( ) Benchmark Sensex Trailing Returns As on Fund Return Category Return Year to Date Mon (2.27) (0.95) 3-Mon (0.37) (0.09) 1-Year (6.81) (10.22) 3-Year Year Return Since Launch Note: Return up to 1 year are absolute and over 1 year are annualized Asset Allocation As on 31/03/12 % Net Assets Equity Debt 0.02 Cash & Cash Equivalents 7.41 Oer Information Minimum Invement Lump Sum: Rs & in multiples of Rs SIP Availability Available; Min. Amt.: Rs. 5000;Min. Inallments: 12 Expense Ratio 1.81% Fund Style Portfolio Characteriic - As on Invement Style Grow Blend Value Avg. Market Cap Cr Market Capitalization Giant 58.05% Large 27.55% Mid 14.40% Portfolio P/B Ratio 3.75 Portfolio P/E Ratio PORTFOLIO Top 5 Holdings as on 31/03/2012 Name of Holding Nature of % Net Assets Inrument Infosys Technologies Equity 7.99 Bharti Airtel Equity 7.21 ICICI Bank Equity 6.81 HDFC Bank Equity 4.84 Reliance Induries Equity 4.37 NIFTY ON APRIL 2011 & IN APRIL

7 Beginner's Corner ALGORITHM TRADING Technology has been growing leaps and bounds and has invaded every aspect of human life. Stock Markets are no exception. What arted wi trading has now reached e trading mechanism. Acknowledging, e same, SEBI has recently issued broad guidelines for Algorim Trading. This article rows some light on e same. What is Algorim Trading? As per SEBI Guidelines, Algorim Trading has been defined as any order at is generated using automated execution logic. Before we get into details, an algorim is a computer program to execute trades in e ock, commodity or oer financial markets. These have been programmed to get triggered automatically, if certain market conditions are met. High Frequency Trading (HFT) is a form of automated trading in which, a deluge of orders are executed in fractions of a second. Positions may be held only for minutes and e portfolio is churned furiously. Furer no position is carried over. The programs help e traders to execute e orders in a few milli-seconds, as compared to minutes during manual execution of orders. Algo Trades in Stock Exchanges Use of Computer programs for execution of trading can be traced back to e 1980s. There have been various mechanisms developed to filter in e news during market hours and execute orders accordingly. There were rumors at e 1987 Stock Market Crash was due to some Algo gone wrong. On October 19, 1987, e ock markets across e world right from Hongkong to Europe and USA crashed. DJIA dropped 508 points on a single day. By e end of October 1987, inveors lo almo 20% of eir weal. More recently e flash crash on 6 May 2010 in United States Stock Exchange where e DJIA (Dow Jones Indurial Average) plunged nearly 1000 points only to recover in seconds is attributed to algo trading. Algo trading gained prominence in India recently. The Indian Exchanges have had eir tae of algo trading. Recently on April 20, 2012, ere was a sudden sharp fall in e price of Infosys futures up to a maximum of 19%, only again to rebound and end e day wi 0.11% fall. This phenomenon has been attributed to some algo program and NSE is inveigating e same. Notwianding skeptics, algo trading increased wi sophiicated technology. According to reports, as of 2009, algo trading accounted for nearly 73% of all e trades executed in e USA and in European Markets it is close to 80%. Recent disclosure from NSE reveals at in India nearly 16-17% of e trades executed are rough algos on a monly basis. The basic algos are of 2 types A) Execution Algos and B) Alpha Generating Algos A) Execution Algos are used to execute e order at a price, at is as close as possible to e weighted average price of a ock. The Common Execution Algos are 1. The Volume Weighted Average Price (VWAP) VWAP is calculated by weighting a ock s price quotes rough e trading session wi volumes traded at each price. 2. Time Weighted Average Price (TWAP) This type breaks up a large order into equal parts and en dribbles buy or sell orders into e market evenly over e trading session. This ensures averaging out of e prices. B) Alpha Generating Algos track hiorical relationship between securities, assets or markets and en exploit minor deviations for quick gains. Some of e common ones are 1. Arbitrage Algos These algos earn a spread from trading on anomalies between securities, trading venues or asset classes. Arbitrage profit is also earned by exploiting differences between future and cash markets and by exploiting money making opportunities arising from Mergers, Buyouts or Reructurings. 2. Trend following Algos - Trend following Algos, follow e trends by employing techniques like technical analysis to identify a trend and piggy-back on it at an early age to benefit from e momentum. Needless to say, all ese rategies may work only in liquid inruments. Algo Traders and You So what does algo trading mean for retail inveors? Fir and foremo is at algo trading focuses more on e short-term gains, which might lead to increased volatility in e markets. The price swings can be sizeable and also for a miniscule duration, leaving e retail traders unprepared. Second, man is no match for computers while executing orders. Third, given e large volume of algo trades, any algo gone wrong will create havoc in e ock markets. Furer, considering e cos involved, is trading can be undertaken only by initutions, wi adequate capital at eir disposal. This gives e initutions an edge over retail traders, us creating an un-even playing field. Some of e eps which can be taken to protect one s interes are lied below: 1. Ensure placement of Stop-Loss orders. 2. Subscribe to alerts from e Stock Exchanges and your Broker on your trades. 3. Use limit orders. 4. Inve a part of your portfolio in Mutual Funds Syematic Invement Plans (SIPs). 5. La but not e lea, be alert to market and ock trends. 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/ated 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 HAPPY INVESTING!!! 7 independently of e company, and forward looking atements, 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 conrued as an offer or solicitation of an offer, to buy or sell any securities or oer financial inruments. Indbank, its directors, analys or employees do not take any responsibility financial or oerwise, of e losses or e damages suained due to e invements made or any action taken on basis of is report, including but not rericted 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 intere in securities ere of, companies mentioned ere in.

8 All you have to do is open an Indnet Banking Account wi Indian Bank, and bo Demat and Online Trading Account wi Indbank Merchant Banking Services Limited CONTACT US Chennai : 1 Floor, Khivraj Complex 1, No. 480 Anna Salai, Nandanam, Chennai , Ph: (General), (DP Direct), Fax: , Mobile: , chennai@indbankonline.com, imssbc@e.net Harbour : Indian Bank, Harbour Branch (Ground Floor) 66, Rajaji Salai, Chennai , Ph: / , Mobile: , parrys@inbankonline.com Anna Nagar : Indian Bank, Ground Floor, W100 2nd Avenue, Anna Nagar, Chennai 40, Ph: / , Mobile: , annanagar@indbankonline.com CMDA : Indian Bank, CMDA Towers, No 1, Gandhi Irwin Road, Egmore, Chennai , Ph: / , Mobile: , cmda@indbankonline.com T. Nagar : Indian Bank, No. 7, Prakasam Road, T Nagar, Chennai , Ph: / , Mobile: , tnagar@indbankonline.com Adyar : Indian Bank, 91, 1 Main Road, Gandhi Nagar, Adyar, Chennai , Ph: / , Mobile : , adyar@inbankonline.com Alwarpet : Indian Bank, No:9, Eldams Road, Alwarpet, Chennai , Ph: , Mobile: , alwarpet@indbankonline.com Ashok Nagar : Indian Bank, Ashok Nagar Branch, No. 69, 1 Avenue, Ashok Nagar, Chennai , Ph: , Mobile: , ashoknagar@indbankonline.com Nanganallur : Indian Bank, Nanganallur Branch, Plot: 7B/8, 6 Main Road, Nanganallur, Chennai , Ph: / , Mobile: , nanganallur@indbankonline.com Mylapore : Indian Bank, Ground Floor, 21 Nor Mada Street, Chennai , Ph: / , Mobile: , mylapore@indbankonline.com Vellore : Indian Bank, Vellore Main Branch, 46-51, TKM complex, Katpadi Road, Vellore , Ph: / , Mobile: , vellore@indbankonline.com Delhi : Indian Bank Zonal Office, RBS Branch, Upper Ground Floor, World Trade Centre, Babar Road, New Delhi , Ph: / , Mobile: , delhi@indbankonline.com Shantiniketan : Indian Bank, Shantiniketan Branch, DDA market, Shantiniketan, New Delhi , Ph: / , Mobile : , shantiniketan@indbankonline.com Preet Vihar : Indian Bank, Preet Vihar Branch, C-47, Preet Vihar, New Delhi ; Ph: / ; Mobile: ; preetvihar@indbankonline.com Noida : Indian Bank, B 258, Sector 50, Noida Uttar Pradesh ; Ph: / ; Mobile: ; noida@indbankonline.com Mumbai : VarmaChambers, GroundFloor, 11, HomejiStreet, Fort, Mumbai Ph: , Fax : , Mobile : / , mumbai@indbankonline.com Pune : Indian Bank, Pune Cantonment Branch, 35 Aurora Towers, Ea Wing, 9 Moledina Road, Pune , Ph: / , Mobile: , pune@indbankonline.com Vile Parle : Indian Bank, Indian Bank Vile Parle (Ea), 325 Gitanjali Arcade, 1 Floor, Nehru Road, Vile Parle (Ea), Mumbai ; Ph: / ; Mobile: ; vileparle@indbankonline.com Jaipur : Indian Bank, Dharma Heights, 10 Motilal Atal Marg, Opp. Ganapati Plaza, Jaipur, Rajahan , Phone: ; Mobile: ; jaipur@indbankonline.com Ahmedabad : Indian Bank, Maruti House, Opp. Popular, Old High Court Way, Ashram Road, Ahmedabad Ph: , Mobile: , ahmedabad@indbankonline.com S G Road : Indian Bank, F-B/11, Krishna Complex, Opp. Devashish School, Bodakdev, Off. S G Road, Ahmedabad Ph: , Mobile: / , sgroad@indbankonline.com Coimbatore : I Floor, 31, Variety Hall Road, Coimbatore Ph: , , Fax: , Mobile : / , coimbatore@indbankonline.com Salem : Indian Bank, Salem Fort Branch, Door No. 45, Sannai Street, Fort, Salem , Ph: , Mobile: , salem@indbankonline.com Tiruppur : Indian Bank, P O Box: 101, No. 83. Court St, Tiruppur , Ph: / , Mobile: , tiruppur@indbankonline.com Karur : Indian Bank, Floor, Mohanram Plaza, Kovai Road, Karur , Ph: , Mobile: ; karur@indbankonline.com R S Puram : Indian Bank, Door No. 434,DBRoad, R S Puram, Coimbatore , Ph: / , Mobile: ; rspuram@inbankonline.com Udumalpet : Indian Bank, 130 Palani Main Road, Udumalpet , Ph: , Mobile: , udumalpet@indbankonline.com Ernakulam : Indian Bank, Door No. 40/8005 & 40/8006,MGRoad, Nr. Padma Junction, Ernakulam, Ph: / , Mobile: , ernakulam@indbankonline.com Bangalore : Indian Bank, City Branch, No. 10, Kempegowda Road (KG Road), Bangalore ; Ph: /82; Mobile: , bangalore@indbankonline.com Tirunelveli : Indian Bank, 1 Floor, New No. 33 (Old No. 5J), Madurai Road, Thirunelveli Junction, Thirunelveli Ph: /72, Fax: , Mobile: , tiruneveli@indbankonline.com Nagercoil : Indian Bank, 136, 1 Floor, Ashfaag Shopping Complex, Cape Road, Nagercoil , Ph: , Mobile: ; nagarcoil@indbankonline.com Palayamkottai : Indian Bank, P.B. No. 39, No. 84, Thiruvanaampuram Road, Palayamkottai, Tirunelveli , Ph: / , Mobile: , palayamkottai@indbankonline.com Sivakasi : Indian Bank, No. 55 New Road, Sivakasi , Ph: , Mobile: ; sivakasi@indbankonlline.com Kovilpatti : Indian Bank, No. 157 D Main Road, Kovipatti, Tuticorin Dirict, , Ph: , Mobile: , kovilpatti@indbankonline.com Rajapalayam : Indian Bank, Rajapalayam Branch, 825 Tenkasi Road, Rajapalayam ; Ph: ; Mobile: ; rajapalayam@indbankonline.com Madurai : Indian Bank, Zonal Office, Third Floor, 100/101, Avani Moola Street, Madurai , Ph: / ; Mobile: , madurai@indbankonline.com K K Nagar : Indian Bank, No. 1, Vinayaka Nagar, K K Nagar, Madurai , Ph: / , Mobile: , kknagar@indbankonline.com Hyderabad : I Floor, , Himayat Nagar, Hyderabad Ph: / 68, Fax : , Mobile : , hyderabad@indbankonline.com Secundarabad : Indian Bank, 201, Karan Center, Sarojini Devi Road, Secunderabad, Andhra Pradesh , Ph: , Mobile : , secundarabad@indbankonline.com Srinagar Colony : Indian Bank, 127, Srinagar Colony road, Srinagar Colony, Hyderabad, Andhra Pradesh , Ph: , Mobile: , srinagarcolony@indbankonline.com Guntur : Indian Bank, Brodipet Branch, , IV Line, Guntur ; Ph: ; Mobile: ; guntur@indbankonline.com Rajahmundry : Indian Bank, Syamalamba Road, Innespeta, Rajahmundry ; Ph: / ; Mobile: ; rajahmundry@indbankonline.com nd Puducherry : Indian Bank, Puducherry Main Branch, No. 288, 2 Floor, Amudha Surabhi,MGRoad, Puducherry , Ph: /23, Mobile: , puducherry@indbankonline.com Erode : Indian Bank, Erode Main Branch, No. 9, Gandhiji Road, Erode , Ph: , , Mobile: , erode@indbankonline.com Kangeyam : Indian Bank, No. 451/3 Rajaji Street, Opp. Surya Agency, Kangeyam , Ph: , Mobile: , kangeyam@indbankonline.com Srirangam : Indian Bank, S.N. Towers, No. 121, Thiruvalluvar Street, Srirangam, Trichy , Ph: / , Mobile: , srirangam@indbankonline.com Tirchy : Indian Bank, Sree Naga Arcade, No. 5 Williams Road, Cantonment, Trichy , Ph: / , Mobile: , trichy@indbankonline.com Tuticorin : Indian Bank, 92 N Devar Puram Road, Melur, Tuticorin , Ph: , Mobile: , tuticorin@indbankonline.com Mangalore : Indian Bank, PBNo:109,KSRaoRoad, Hampakatta, Mangalore , Ph: / , Mobile: , mangalore@indbankonline.com Thanjavur : Indian Bank Micro-State Branch, Ground Floor, No:1087, Mission Street, Thanjavur , Ph: , Mobile: , anjavur@indbankonline.com Kumbakonam : Indian Bank, Kumbakonam Main Branch,TSNo , Dr. Besant Road, Kumbakonam ; Ph: ; Mobile: ; kumbakonam@indbankonline.com Vishakapatanam : Indian Bank, , 1 Floor, Sarada St, Dabagardens, Visakhapatnam , Ph: , Mobile: , visakhapatnam@indbankonline.com Calicut : Indian Bank, Kozhikode Branch, LIC Building,SMStreet, Kozhikode , Ph: , Mobile: , calicut@indbankonline.com Thrissur : Indian Bank, Kollannur Devassy Building, Round Ea, Thrissur, Kerala ; Ph: ; Mobile: ; rissur@indbankonline.com Cuddalore : Indian Bank, Cuddalore Main Branch, P O Box No. 7, AVR Towers, No. 4, Barai Road, Cuddalore , Ph: /75, Mobile: , cuddalore@indbankonline.com Tenkasi : Indian Bank, 1 Floor (Upairs), No. 68 Kannimaramman Koil St, Tenkasi , Ph: /51, Mobile: , tenkasi@indbankonline.com Vijayawada : Indian Bank, 1 Floor,MGRoad, Opp. Fortune Murali Park, Labbipet, Vijayawada Ph: , Mobile: , vijayawada@indbankonline.com FRANCHISEE OFFICE 176 A, Coimbatore Main Road, Mettupalayam , Ph. :