FICCI’s Asset Reconstruction Forum 26 th May, 2010 Hotel Taj President –

9.30 a.m. – 10.45 a.m. Inaugural Session – Role of Asset Reconstruction Companies in Economic Development

Welcome Address by: Mr. Rashesh Shah , Chairman, FICCI's Capital Markets Committee and Chairman, Edelweiss Capital Ltd.

Opening Remarks by : Mr M.S. Verma , Chairman, IARC*

Keynote Address by: Mr. R Gopalan, Secretary, Financial Services, Ministry of Finance, Govt. of

Concluding Remarks 10.45 a.m. – 11.00 a.m. Tea Break 11.00 a.m. – 12.15 p.m. Session on “Asset Reconstruction: Role of ARCs”

Chair: Mr. Arun Kaul, Executive Director, Central Presentation by: Mr. Sharad Bhatia , CEO, Phoenix ARC Private Limited Panel of Speakers: • Mr. Anish Modi , Director and Head, India, ADM Capital • Mr Ravi Kumar, MD & CEO, Invent ARC • Mr Anil Bhatia, MD & CEO, JM Financial ARC

Q&A 12.15 p.m. – 1.30 p.m. Session on “Bank-ARCs participation in NPL management – Issues and challenges”

Chair: Ms Ranjana Kumar , Former Chairman and MD, Indian Bank, Former Vigilance Officer, Govt. of India and Director, IARC Presentation by: Mr. P Rudran, Managing Director & CEO, Indian SME Asset Reconstruction Ltd. Panel of Speakers: • Mr. Nagesh Pydah, Executive Director, Punjab National Bank* • Mr M.R. Umarji, Chief Legal Advisor, Indian Banks’ Association • Ms. Neeta Mukerji, President, Arcil • Mr. Ananda Bhoumik, Senior Director and Head, Financial Institutions Ratings, Fitch India Q&A 1.30 p.m. – 2.15 p.m. Lunch 2.15 p.m. – 3.30 p.m. Session on “Valuation: Key driver to success in NPL sales”

Chair: Mrs. Renu Challu, Managing Director, State Bank of * Presentation by: Mr. Neeraj Garg, Executive Director, PwC Panel of Speakers: • Mr. Sandeep Singh , Director, FITCH Ratings • Mr. Saurav Ghosh, President and Chief Investment Officer, Arcil • Mr R.K. Bansal, General Manager - Recovery, Bank of Baroda

Q&A 3.30 p.m. – 04.00 p.m. Summary Presentation of the Conference: Mr. S Khasnobis, Managing Director, Arcil

Vote of Thanks: Mr. Birendra Kumar, Managing Director & CEO, IARC

*- Invited