Code of Ethics / Conduct

This Code of Ethics/Conduct is applicable to the following persons.

• The Board Members
• Officials of the Bank one level below the Board

• The Board members / Officials shall engage in and promote honest and ethical conduct of business, including the ethical handling of actual and / or apparent conflicts of interest between personal and professional relationships.

• The Board members / Officials shall avoid conflict of interest and disclose to the Board any material transaction or relationship that reasonably could be expected to give rise to such a conflict.

• The Board members / Officials shall ensure and take all reasonable measures to protect the confidentiality of non-public information about the Bank, its business, customers and other materially significant information obtained or created in connection with any activities with the Bank and to prevent the unauthorised disclosure of such information unless required by applicable laws or regulations or legal or regulatory process.

• The Board members / Officials shall endeavor to produce full, fair, accurate, timely and understandable disclosures in reports and documents that the Bank files with or submits to the Securities and Exchange Commission and other regulators and in other public communications made by the Bank.

• The Board members / Officials shall comply with all the applicable governmental laws and the applicable rules and regulations. 

• The Code shall be reviewed from time to time for updation thereof. Any variation in the Code or any waivers from the provisions of the Code shall be approved by the Board and shall be disclosed on the Bank's website.

• Nothing in this Code or other related communications by itself creates or implies an employment contract or terms of employment.

• The Board shall have the powers to take necessary action in case of any violation of the code.