Model Code Conduct

C. Applicable LAWS
The Directors of the Bank and Core Management must comply with applicable laws, regulations rules and regulatory orders They should report any inadvertent non-compliance. if detected subsequently, to the concerned authorities.

D. Disclosure Standards
The Bank shall make full, fair and accurate disclosures in the periodic reports required to be filed with Government and Regulatory agencies. The members of Core Management of the Bank shall initiate all actions deemed necessary for proper dissemination of relevant information to the Board of Directors, Auditors and other Statutory Agencies, as may be required by applicable laws, rules and regulations.

E. Use of Bank’s Assets and Resources :
Each member of the Board of Directors and the Core Management has a duty to the Bank to advance it Legitimate interest while dealing with the Bank’s assets and resources. Members of the Board of Directors and Core Management are prohibited from :

Using corporate property, information or position for personal gain;

soliciting demanding, accepting or agreeing to accept anything of value from any person while dealing with the Bank's assets and resource;
acting on behalf of the Bank in any transaction in which they or any of their relative(s) have a significant direct or indirect interest.

F. Confidentiality and Fair Dealings

1. Bank’s Confidential Information
The bank's confidential information is a valuable asset. It includes all trade related information, trade secrets, confidential and privileged information, customer information, employee related information, strategies, administration, research in connection with the Bank and commercial, legal, scientific, technical data that are either provided to or made available to each member of the Board of Directors and the Core Management by the Bank either in paper form or electronic media to facilitate their work or that they are able to know or obtain access by virtue of their portion with the Bank.

All Confidential information must be used for Bank's business purposes only.

This responsibility includes the safeguarding, securing and proper disposal of confidential information in accordance with the Bank's policy on maintaining and managing records. This obligation extends to confidential information of third parties, which the Bank has rightfully received under non-disclosure agreements.

To further the Bank’s business, confidential information may have to be disclosed to potential business partners. Such disclosure should be made after considering its potential benefits and risks. Care should be taken to divulge the most sensitive information, only alter the said potential business partner has signed a confidentially agreement with the Bank.

Any publication or publicly made statement that might be perceived or construed as attributable to the Bank, made outside the scope of any appropriate authority in the Bank, should include a disclaimer that the publication or statement represents the views of the specific author and not the bank.

2. Other Confidential Information -
The Bank has many kinds of business relationships with many companies and individuals. Sometimes, they will volunteer confidential information about their products or business plans to induce the Bank to enter into a business relationship. At other times, the Bank may request that a third party provide confidential information to permit the Bank to evaluate a potential business relationship with the party. Therefore, special care must be taken by the Board of Directors and members of the Core Management to handle the confidential information of other responsibly. Such confidential information should be handled in accordance with the agreements with the such third parties.

The Bank requires that every Director and the member of Core Management, General Managers should be fully complient with the laws, statues, rules and regulations that have the objective of preventing unlawful gains of any nature whatsoever.

Directors and the members of Core Management shall not accept any offer, payment promise to pay, or authorization to pay any money, gift, or anything or value from customers, suppliers, shareholders/stakeholders, etc. that is perceived as intended, directly or indirectly, to influence any business decision, any act or failure to act, any commission of fraud, to influence any business decision, any act or failure to act, any commission of fraud, or opportunity for the commission of any fraud.

IV. Good corporate governance practices
Each member of the Board of Directors and Core Management of the Bank should adhere to the following so as to ensure compliance with good Corporate Governance practices.
Attend Board meetings regularly and participate in the deliberations and discussions effectively.

Study the Board papers thoroughly and enquire about follow-up reports on definite time schedule.

Involve actively in the matter of formulation of general policies.

Be familiar with the broad objectives of the Bank and the policies laid down by the Government and the various laws and legislations.

Ensure confidentially of the Bank's agenda papers, notes and Minutes.

(b) Don’ts
Do not interfere in the day to day functioning of the Bank. (This stipulation does not apply to the Managing Director, Chief General Manager and the Core Management).

Do not reveal any information relating to any constituent of the Bank to anyone.

Do not display the logo/distinctive design of the Bank on their personal visiting cards/letter heads. (This does not prevent the Managing Director. Chief General Manager and Core Management from using DO letterheads or visiting cards with SBI's logo thereon).

Do not sponsor any proposal relating to loans, investments, buildings or sites for Bank's premises, enlistment or empanelment of contractors, architects, auditors, doctors, lawyers and other professionals etc.

Do not do anything, which will interfere with and/or be subversive of maintenance of discipline, good conduct and integrity of the staff.

V. Waivers

Any waiver of any provision of this Code of Conduct for a member of the Bank's Board of Directors or a member of the Core Management must be approved in writing by the Board of Directors of the Bank.

The matters covered in this Code of Conduct are of the utmost importance to the Bank,s its stakeholders and its business partners, and are essential to the Bank’s ability to conduct its business in accordance with its value system.

I have received and read the Bank's Code of Conduct and agree to comply with the same.

Name :

Signature :

Place & Date :

Please sign and return to us