Wishing You Happy Christmas & New Year

OVER www.southindianbank.com 77 YEAR OF TOTAL BANKING Blending tradition with technology Nov '06 - Jan '07 Wishing You Happy Christmas & New Year Dr. V.A. JOSEPH Chairman & CEO Dear NRI Patrons, At the outset, I would like to express my heartfelt gratitude for the unstinted support extended to South Indian Bank. Your Bank has achieved an enviable position among the realm of best performing old generation private sector banks in the country. With your support, the bank has recorded a net profit of Rs.41.65 crores for the second quarter ended September 30, 2006 as against Rs. 8.63 crores for the corresponding period last year registering a growth of 383%. The total Business of the bank has increased by Rs. 4007 crores from 14,217 crores to Rs. 18,224 crores on an year-to-year basis registering a growth of 28.18%. While the deposits has gone up by Rs.2, 728 crores from Rs.8, 130 crores to Rs.10, 858 crores, the advances has increased by Rs.1,279 crores from Rs.6, 087 crores to Rs. 7,366 crores. The bank earned a total income of Rs.273 crores registering a growth of 39.28% as against Rs.196 crores for the corresponding quarter last year. Net NPA is drastically brought down from 3.09% to 1.69%. The capital Adequacy ratio has gone up from 10.28% to 11.50% as on 30.09.2006. The NRI business of the Bank has shown positive growth and has touched the magical figure of Rs.3000 crore. I am well aware that this was made possible through our fruitful relationship with the NRI fraternity all over the world. Your bank is providing management support to Hadi Express Exchange, Dubai. We are happy to inform you that “SIB EXPRESS” money transfer facility is available from this office. Funds transferred through this facility will be credited in all networked branches of SIB instantaneously. We have plans to extend this service to Sharjah, and other centres through the net work of Hadi Express Exchange in due course. Your bank has drawing arrangements with 22 Exchange Houses/Banks in UAE. Your bank also has drawing arrangements with banks worldwide. We have recently made remittance arrangements with M/s. Money Gram. Bank has joined hands with TATA Mutual fund, Prudential ICICI AMC, Sundaram BNP Paribas MF, Franklin Templeton MF and Reliance MF for marketing their mutual fund products and with ICICI Prudential, United India Insurance for life and non life insurance schemes. We may also tie up with UTI Mutual Fund very soon so that you can select the best performing fund. In order to offer the best in Credit Card business, we are tieng up with CITIBANK for their International VISA affiliated credit card. We may able to offer you this co-branded card from November on-wards. The bank has already obtained permission to open another 21 branches to take the total number to 475.With these branches, bank will be represented in 23 States and Union Territories in India. Your bank is targeting a business growth of Rs.20, 000 crore in the current year and Rs.25, 000 crore, in the next year. The bank as a part of total brand revamp has signed up with the Megastar Padmasree Bharat Mammootty as its global Brand Ambassador. As a person who promotes the latest technological advancements, we hope, Mr.Mammootty will be the perfect icon to your organization, which radiates a similar image. Bank is on the thresh hold of becoming the first private bank in the State to implement total core banking solution in all the branches. We constantly strive to impart technology in all dimensions of banking. As a national level recognition to the excellent contribution made in the area of Information Systems Security Policies and Procedures, your bank won a special award for excellence in Banking Technology from IDRBT (Institute for Development and Research in Banking Technology) the technical arm of the Reserve Bank of India. Promoting talents in every facet has been the watchword of our bank. Rightfully following that, we are airing SOUTH INDIAN BANK GRANDMASTER QUIZ, 2006 for college students in Asianet every consecutive Sundays at 7.30 pm. (IST). In a scenario where banks are trying to be positioned as a one-stop shop providing all financial services to the customer, your bank could excel just because of your continued support and encouragement. I solicit your continued patronage in the coming days also, which I am sure will take your bank to unprecedented heights and glory. With Regards,

Dr. V.A. JOSEPH Chairman & CEO

HADI EXPRESS EXCHANGE, BURDUBAI MANAGEMENT SUPPORT : THE SOUTH INDIAN BANK LTD We have launched the “SIB EXPRESS” facility from this office. Funds transferred through this facility will be credited in all networked branches of SIB instantaneously. For details contact : Mr. Shelly Joseph (GM) Hadi Express Exchange, P O BOX: 28909,Al Souq road, Near ABRA STATION, Bur Dubai, UAE Fax: 009714 3537660,Telephone: 3537650 /3534802, 00971-50-4516418(M) Email: [email protected] NRIs TO GET PAN FOR TRADING The Securities and Exchange board of India is withdrawing the “limited purpose Beneficiary owner account”/ trading account facility for non resident Indians(NRIs) and persons of Indian origin(PIO) without a Permanent Account Number. This follows the directorate of Income tax issuing guidelines facilitating Indian citizens residing outside India, foreign citizens and other persons (like companies, trusts or firms) having no office of their own in India, to obtain PAN based on the copy of their passport as ID proof and copy of passport/copy of bank account in the country of residence as address proof. The Income Tax Department has recently simplified the process of issuing PAN card to NRIs.The process now allows NRIs and even foreign citizens direct access to apply for a PAN card. The latest simplification carried out earlier this month is that NRIs/ foreign citizens do not require any representative to act on their behalf, or even give his details.NRIs can directly apply for the same. The form 49A, required to be filled up by NRIS in the standard format, is similar to that of anybody seeking a PAN card. The NRI can easily download the forms from the websites of the two designated PAN Service providers- UTI Technology Services and National Securities Depositories. The filled form has to be sent back to the service provider's offices. Such an application form requires NRIs to attach the photocopy of the passport, and the photocopy of the bank account maintained in India, if the NRIs are filing the application 49A are doing so from overseas. In case the individual NRIs are doing so when they are in India, they need to furnish the photocopy of their bank accounts, which they hold in their country of residence. The PAN card proves to be handy for NRIs in all such cases in which the individuals are interested in purchase/sale of shares or participating in IPO's online or through overseas branches of brokers. This is because in case of IPO's it is now necessary to have demat account, which can only be opened by furnishing PAN card photocopies. In case of the secondary market too, the application for opening an account with the broker (overseas branch)or trading online, needs to have the PAN details along with the demat account details. Source: Economic Times, 25th and 28th Oct, 2006 SPURT IN OUTWARD FOREIGN DIRECT INVESTMENT Dr Reddy's laboratories emerged as the second biggest investor abroad with an investment of about $ 770m in 2005-06,according to a recent report by CRISIL.During the period, Dr Reddy's completed the acquisition of Germany's Betapharm, in one of the largest pharma deals by an Indian company. Among the other top investors of 2005-06 are Suzlon energy, Tata steel, Ranbaxy laboratories, Videocon international, VSNL, Matrix Laboratories, TCS and Wipro. However, if all Tata investments are clubbed together, the group will stand third with an investment of $ 755m. Indian companies invested over $ 1.05bn in the US, it being the top favorite. As per the Indian investment preferences in 2005-06, the United Kingdom came second, attracting $ 800m, says the report. Other countries where Indian companies were bullish on during the year are Belgium with $ 790m, Germany with $ 657m, and Thailand with $486m. Sector wise, pharmaceuticals has been the leader, with $1.58bn of outward investment in 2005-06. The major investors abroad in this sector are Dr.Reddy's laboratories, Matrix laboratories, Jubilant Organosys and Nicholas Piramal India. Banking follows next with an investment of $1.18bn and third comes IT with an investment of $786m.In the metals sector, India invested about $777m overseas-largely driven by Tata Steel's foray into Thailand. The energy sector invested $630m abroad. One of the major investments by an Indian company abroad so far has been that of Aban Loyd Chiles Offshore, which invested $445m in Norway. Source: Economic Times, 21st October 2006

RBI GOVERNOR ANNOUNCES MID-TERM REVIEW OF ANNUAL POLICY FOR 2006-07 Highlights l Repo Rate increased to 7.25 per cent acquisition of immovable property for the whose accounts have been rescheduled/ from 7.0 per cent. l The flexibility to conduct overseas office, within these limits. l The restructured due to natural calamities as also those overnight repo or longer term repo including the existing limit of US $ 2 billion on investments in who have defaulted on account of circumstances right to accept or reject tender(s) under the LAF, Government securities by foreign institutional beyond their control. l For opening small wholly or partially is retained. l Reverse Repo investors (FIIs) to be enhanced in phases to US $ accounts, banks need to seek only a photograph of Rate, Bank Rate and CRR kept unchanged. l GDP 3.2 billion by March 31, 2007. l The extant the account holder and self-certification of growth forecast at around 8.0 per cent during 2006- ceiling of overseas investment by mutual funds of address. l Indian banks having presence outside 07. l Inflation to be contained within 5.0-5.5 per US $ 2 billion is enhanced to US $ 3 billion. l India and foreign banks to migrate to the Basel II cent during 2006-07. l Monetary and credit growth Importers to be permitted to book forward framework effective March 31, 2008 and other expected to be higher than the initial projections. l contracts for their customs duty component of scheduled commercial banks to migrate in 'When issued' trading to be extended to fresh issues imports. l FIIs to be allowed to rebook a part of alignment but not later than March 31, 2009. l of Central Government securities. l Scheduled the cancelled forward contracts. l Forward Prudential limit on credit and non-credit facilities to commercial banks and primary dealers to be contracts booked by exporters and importers in Indian Joint Ventures/Wholly Owned Subsidiaries allowed to cover their short positions in Central excess of 50 per cent of the eligible limit to be on abroad to be enhanced to 20 per cent of Government securities within an extended period of deliverable basis and cannot be cancelled. l unimpaired capital funds. l Financially sound five trading days. l Resident individuals would be Authorised dealer banks to be permitted to issue Urban Co-operative Banks (UCBs) registered in free to remit up to US $ 50,000 per financial year as guarantees/letters of credit for import of services States that have signed MoU with the Reserve against the earlier limit of US $ 25,000. l Foreign up to US $ 100,000 for securing a direct Bank and those registered under the Multi-State exchange earners may retain up to 100 per cent of contractual liability arising out of a contract Co-operative Societies Act, 2002 to be allowed to their foreign exchange earnings in their Exchange between a resident and a non-resident. l Lock-in convert existing extension counters into full- Earners' Foreign Currency accounts. l Authorised period for sale proceeds of the immovable fledged branches. l Non-banking financial dealer banks may borrow funds from their overseas property credited to the NRO account to be companies (NBFCs) to be allowed to issue co- branches and correspondent banks (including eliminated, provided the amount being remitted in branded credit cards with banks without risk borrowing for export credit, external commercial any financial year does not exceed US $ one sharing and to market and distribute mutual fund borrowings (ECBs) and overdrafts from their Head million. l Banks, with approval of their boards, products. Office/Nostro account) up to a limit of 50 per cent of may formulate a transparent policy for providing Source: Mid-term Review of Annual Policy for their unimpaired Tier I capital or US $ 10 million, One Time Settlement facility to those farmers 2006-07, www.rbi.org.in, 31 oct, 2006 whichever is higher. l Borrowers eligible for accessing ECBs can avail of an additional US $ 250 million with average maturity of more than 10 years under the approval route. l Prepayment of ECB up to US $ 300 million without prior approval of the Reserve Bank. l Authorised dealer banks may allow remittances on behalf of their customers up to 15 per cent of the average annual sales/income or turnover during the last two financial years or up to 25 per cent of their net worth, whichever is higher, for initial expenses, and remittances up to 10 per cent of the average annual sales/income or turnover during the last two financial years for recurring expenses. They may also permit remittances for NRI BRANCHES JUBIL M E U OVER E N Y

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R L P 77 Our Bank continues to occupy the premier position of having the YEAR OF TOTAL BANKING maximum network of exclusive NRI Branches in Kerala. NRI BRANCH MANAGER CONTACT NO E-MAIL ADDRESS

FREEDOM ANGAMALY VARGHESE C.D 0484-2454462 [email protected] SR. MANAGER 0484-2453292 to bank from anywhere, anytime 0484-2463698 (Res)

CHANGANACHERRY K.P.DEVASIA 0481-2410688 [email protected] SR.MANAGER 0481-2423813 Mob: 9447956771

CHANGARAMKULAM NANDAKUMAR A 0494-2650869 [email protected] MANAGER 0494-2650439 Mob: 9447973161

CHAVAKKAD T.R.JOY 0487-2509127 [email protected] MANAGER 0487-2508308 0487-2309135 (Res) Mob : 9249899116

CHENGANNUR ANTO M.D 0479-2453998 [email protected] CHIEF MANAGER 0479-2453446 0479-2427072 (Res) Mob : 9895242706

ERNAKULAM A.A. THOMAS 0484-2373301 [email protected] CHIEF MANAGER 0484-2380580 Mob: 995200737

IRINJALAKUDA M.L. JOSE 0480-2821760 [email protected] MANAGER 0480-2825021 Mob : 9446533326 0487-2253326 (Res)

KOTTAYAM N. VIJAYAKUMAR 0481-2569603 [email protected] CHIEF MANAGER 0481-2569602 0481-2535484 (Res) Mob:9446515484 Freedom from long queues. Freedom from limited banking hours. Freedom from hassles. Freedom from KOZHENCHERY SHAJI K MATHEWS 0468-2215141 [email protected] distance barriers. Freedom from financial worries. MANAGER 0468-2214180 Freedom to bank on the move. The banking 0468-2219006 (Res) experience with SIB is all about freedom. With the largest number of NRI branches in Kerala, SIB KUNNAMKULAM T G BASTIN 0488-5224912 [email protected] offers the following new-age banking services : CHIEF MANAGER Mob: 9447276733 l Anywhere banking l Free Internet banking l Free 0487-2253223 (Res) Mobile banking l Networked on-line ATMs l Free Global ATM-cum-Debit Card l Inward Rupee Drawing MUVATTUPUZHA A.F.PAUL 0485-2835063 [email protected] Arrangements / MTSS MANAGER Mob: 9447956802 Blending tradition with technology THRISSUR GEORGE K VARGHESE 0487-2335940 [email protected] MANAGER 0487-2335941 Mob: 9495509243 NEWLY OPENED BRANCHES THIRUVANANTHAPURAM P.K. DAMODARAN 0471-2333089 [email protected] 1. KURUVILANGAD, KOTTAYAM - Phone : 0482-2233033 SR. MANAGER 0471-2333069 2. AMALANAGAR, THRISSUR - Phone : 0487-2307030 0471-2351183 (Res) 3. CHRIST COLLEGE, IRINJALAKUDA - Phone : 0480-2822236 Mob: 9447320955 4. VAKATHANAM, KOTTAYAM - (Opening on 15-11-2006) LOAN PRODUCTS FOR NRIS

EXCHANGE RELEASES 1.NRI Flexi Loan Available for any purpose not restricted by GOI/FEMA/RBI. Private Visit: Foreign Exchange not exceeding USD 10,000 in a Security: Landed property in the name of NRI or jointly with a resident. calendar year for travel to any country, except Nepal and Bhutan. Property offered, as security should be at least double the value of loan amount. Business Visit: Foreign Exchange not exceeding USD 25,000 on Loan amount: Maximum Rs.25 lacs. production of the letter from the company showing date of travel, Repayment period: Maximum 84 months. purpose etc. Pre-closure penalty: Nil, Education Abroad: USD up to 100,000 per academic year, also USD Loan Eligibility: 24 times of average monthly remittance to NRI above 100,000 on production of additional documents. account with any bank for a minimum period of 12 months, excluding bulk remittances. Medical Treatment Abroad: Foreign Exchange not exceeding USD 2.Loans Against NRE and FCNR Deposits 100,000 on obtaining a self declaration stating the name and address NRIs can avail Rupee loans against NRE Deposits at an interest rate of the hospital where treatment is to be undertaken. Additional amount of 1% above the Deposit rates. Rupee loans can also be availed up to USD 25,000 can be allowed for boarding /lodging /travel against FCNR Deposits at an interest rate fixed from time to time. The expenses. added attraction of the Rupee loan is that, these loans can be repaid Employment Abroad: Foreign Exchange up to USD 100,000 from remittance from local source through the NRO SB account in addition to the foreign remittances. Foreign currency loans can also Emigration : Foreign Exchange not exceeding USD 100,000 or amount prescribed by country of emigration to meet the emigration be availed against FCNR Deposits at an interest rate of 1% above the and individual expenses. deposit rate. The repayment to these loans should be done from foreign remittances in respective currencies. Maintenance of Close Relatives Abroad: Foreign Exchange up to 3. NRI Housing Loan USD 100,000 per calendar year per recipient. Housing Loans are available for purchase of ready built house / flat or Gifts/Donations: Foreign Exchange up to USD.5000 per calendar for construction of new house / flat. Maximum amount Rs. 50 lacs, year per remitter/donor restricted to 48 times of monthly average remittance received in NRE account with any bank in India during the period of last one year, Miscellaneous purposes: Foreign Exchange up to USD.5000 for excluding bulk remittances. Maximum loan period is 20 years. any approved purpose. Exceptional cases will be considered on merit basis TECHNOLOGICAL PRODUCTS AVAILABLE TO OUR NRI CLIENTS CAP ON NRI REMITTANCES MAY DOUBLE TO $ 5,000 v Free Global ATM- Debit Card covering more than The legal channels for NRIs to send money home will soon be more 8,30,000 ATMs and 7 million merchant establishments attractive with the centre planning to double the amount per worldwide. transaction allowed through money transfer operators(MTO) like v Free Add-on-card helps our customer's Family members to post offices. Currently, an NRI can send a maximum of 12 access Money, any time-any where. transactions in a calendar year, each not exceeding $ 2, 500, as per v Free Internet Banking Facility, to bank from their home / RBI regulations. This amount may be upped to $ 5,000. work place. This would spread cheer especially among the low waged NRIs as v Free Mobile Banking Facility, provides information at high volume transactions are now out of the purview of the fingertips. remittance business coming through this route. Since the charges v Anywhere Banking Facility at more than 400 centers for funds send through the MTOs are far higher than through the in 135 cities / towns in India. banking route, doubling the amount per transaction would make life v Inward Rupee Drawing arrangement with 23 exchange easier for low wage earning NRIs. th houses / Banks Source: Economic Times, 27 Oct 2006 DEPOSIT PRODUCTS BLENDING TRADITION WITH TECHNOLOGY SIB Flexi Deposit The technology upgradation project 'Sibertech' is almost complete. As the name indicates this is a depositor friendly product. The fixed As of now 400 key Branches and 27 Extension Counters all over the deposit is broken automatically and minimum units transferred to SB country have been linked to the centralized data center at Kochi and account when the SB balance goes below a particular amount. The are making available “anywhere banking” facilities. 153 on line ATMs fixed Deposit is linked to a Savings Bank account with the same ID have been set up all over the country. number. Fixed Deposit is maintained in units of Rs.1000/- SCHEDULED COMMERCIAL BANKS CREDIT INCREASES BY 29.3% Reverse sweep is not permitted. Advantages of a Flexi Deposit. As of 13 October 2006, scheduled commercial banks credit was at v This unique Deposit saves the depositor to avoid many Rs.16, 43, 720 crore, an increase of 29.3 percent over the year-ago embarrassing situations connected with bouncing of level. The growth was mainly driven by the 30.5 percent rises in non cheques. food credit to Rs.16, 10,275 crore.Food credit declined by 10.1 v Customer can issue cheques without referring the percent to Rs. 33,445 crore. correct SB balance if there is sufficient balance in FD As of October 2006, deposits with banks grew by 20.7 percent to account. Rs.22, 94,293 crore. This growth was more impressive than the 18.6 v As the deposits are kept in small units, the customer can percent increase in deposits recorded during the corresponding save interest for the remaining portion of FD when a part of the period, a year ago. The sharp growth in deposits came mainly on deposit is closed before maturity. account of the 20.2 percent rise in time deposits to Rs.19,38,292 v The customer need not visit the branch for premature crore.The growth in demand deposits was 23.9 percent(Rs.3,56,001 closure of his FD since the system automatically does it. crore). Source: www.cmie.com Article dated 27.10.06 SIB Demat Account Experience a convenient way to keep your securities PRAVASI SWAGAT SCHEME A depository is an organization that holds the securities in electronic Non Resident Indians form a major section of the Indian Society, who form. Depository participant is the representative of the depository. The contributes significantly to our Economy. NRIs are target client base investors can avail the services of the Depositories through Depository for most of the Banks when they are abroad. But when they return Participant. back to their home land they are often neglected. Our Bank has always been in the forefront of providing unmatched services to the Benefits of SIB Demat Account NRIs. With an objective to foster a stronger and long lasting bond with · Securities are free from Damage, Loss, Theft, the NRIs, we propose to introduce a scheme “Pravasi Swagat” Duplication etc. addressing some of the felt needs of the NRIs, under the following two · Immediate transfer of shares. categories. · Reduction in transaction costs 1. Providing advisory services on available investment options and · Nomination facility available tax matters. 2. Providing technical and financial assistance for setting up viable · Account can be in different status (Resident / NRI / business/projects subject to fulfillment of the laid down terms and Corporate) conditions and compliance with the required formalities. TT REMITTANCE LOAN SCHEME TT Facility with M/s Al Rajhi Banking & Investment Corporation, Pravasi Swagat Loan Scheme is formulated with the noble intention of Riyadh, Saudi Arabia. Amount will be credited to the account in 24 assisting eligible NRIs returning for ever to India to take up new hours. ventures/develop an existing venture so as to ensure a steady flow of SIB EXPRESS income to support their future. NRI should have been banking with SIB for at least 5 years and should be aged less than 60 years at the time of Under this arrangement remittance from abroad will be credited to application. The financial assistance will be need based, in multiples beneficiaries' account within 24 hours through electronic transmission (maximum 5 times) of the deposits made by the client and will be in the from the following Exchange Houses. form of term loan/WC for starting any new venture/improvement of existing venture. ROI will be linked to our BPLR with suitable spreads 1. M/s Thomas Cook Al Rostamani Exchange Co. , Dubai, UAE depending on the activity to be financed. In the case of TLs, interest 2. M/s Wall Street Exchange Centre , Dubai, UAE rebate of 0.50% back-ended for prompt repayment. Total loan 3. M/s Al Razouki International Exchange Co., Dubai, UAE repayment period including holiday not to exceed 66 months. The 4. M/s Bahrain Financing Co., Manama, Bahrain beneficiaries will be eligible for technology based service products 5. M/s Musandam Exchange, Salalah, Oman such as Sibernet (Internet Banking), SIB Premium, AWB facilities, 6. M/s Hadi Express Exchange, Alzouki Road, Near Abbra ATM cum Debit card & mobile banking, free of cost. For more details clients may get in touch with the branches where they are maintaining Burdubai, UAE accounts or to the NRI CELL, Head Office. LIST OF CORRESPONDENT BANKS WITH Draft-Drawing-Arrangements SOUTH INDIAN BANK A/C NUMBER Remittance-through-Demand-Draft THE SOUTH INDIAN BANK LTD-SWIFT CODE: SOININ 55 NRIs can send remittance by Demand Draft through any bank/exchange companies abroad for credit of account with South Indian Bank. We have Inward Rupee Drafts Drawing arrangements with the following Banks/Exchange companies.

U.A.E. 1. Abu Dhabi Commercial Bank, PO Box 939, ABU DHABI (UAE) 2. Union National Bank, PO Box 3865, ABU DHABI (UAE) 3. UAE Exchange Centre LLC, PO Box 170 Abu Dhabi, UAE 4. Al Ahalia Money Exchange Bureau, Abu Dhabi, UAE 5. Alfardan Exchange Co., P O Box 498, Abu Dhabi (UAE) 6. HADI EXPRESS EXCHANGE, P.O Box 28909, Dubai, U.A.E 7. WALL STREET EXCHANGE CENTRE LLC, P.O Box 3014, Dubai, U.A.E 8. Thomas Cook Al Rostamani Exchange Company, Dubai, U.A.E 9. Al Ansari Exchange PO Box No. 325, Abu Dhabi, UAE 10. Al Razouki International Exchange Co. Dubai, UAE Bahrain 11. Zenj Exchange Co WLL, PO Box No 236, Manama Bahrain 12. Bahrain Financing Co., P.O.Box.243, Manama, Bahrain Sultanate 13. Hamdan Exchange Co, of Oman PO Box 190, Salalah, Sultanate of Oman 14. Modern Exchange Co., LLC, PO Box 3591, PC 112, Ruwi, Sultanate of Oman 15. Oman & UAE Exchange Centre & Co. LLC, PO Box 1116, PC 131, Al hamariyah, Sultanate of Oman 16. Musandam Exchange, PB No. 2155, Ruwi, Oman - Qatar 17. Doha Bank, PO Box 3818, DOHA, QATAR 18. Alfardan Exchange Co., WLL Post Box 339 Doha, Qatar 19. Gulf Exchange, PO Box No.4847, Doha, Qatar. Kuwait 20. UAE Exchange Centre, WLL, P O Box 26155, Safat 13122 Kuwait 21. NATIONAL EXCHANGE COMPANY, P.O Box 11520, Dasma 15355, Kuwait Singapore 22. HBZ International Exchange Co (Singapore) Pte Ltd., Raffles City, 111 North Bridge Road, Peninsula Plaza, Singapore

Sri. Yusuf Ali M A (Managing Director, EMKE group) lighting the traditional lamp in connection with the launching of “PRAVASI SWAGAT”. Our chairman, Dr. V. A Joseph, director Dr. V.A Joseph, Chairman and CEO, The South Indian Bank Ltd receiving Banking Technology Dr. John Joseph, General Manager Sri Alex Mathew, district Excellence Award from Dr. Y.V Reddy, Governor of RBI. Also seen are Sri. Arvind Sharma, collector Dr Beena and AGM Mr. P J Ouseph are also seen. Director of IDRBT and Sri. V.P Shetty, Chairman of IBA.The award instituted by IDRBT (Institute for Development and Research in Banking Technology) the technical arm of the Reserve Bank of India is to recognize contribution made by banks in the area of Information Systems Security Policies and Procedures.