To, 03/08/2014

The Manager
Axis Bank
From,
Dear Sir,
Sub: !"osure o# o$er%ra#& A''oun& (i&h )our Bank
This is (i&h re#eren'e &o &he '"osure o# our *$er%ra#& A''oun& +o he"% (i&h )our bank, -e are in
re'ei.& o# )our 'ommuni'a&ion, "e$)ing .re'"osure 'harges o# 2/ o# &he %ra(ing .o(er "imi&, -e
(ish &o s&a&e &ha& (e ha$e ma%e &he #u"" an% #ina" se&&"emen& o# &he ba"an'e ou&s&an%ing in our
a''oun&s on ,
There (as no men&ion regar%ing "e$) o# #ore'"osure 'harges in &he san'&ion "e&&er 0a 'o.) o# (hi'h
is a&&a'he% #or )our kin% re#eren'e,1, Fur&her, as .er &he san'&ion "e&&er &he ra&e o# 2n&eres& #or &he
"oan is 14,00/, (hereas (e ha$e been 'harge% in&eres& a& a ra&e o# 14,23/ sin'e &he
'ommen'emen& o# our "oan, +o in&ima&ion (as .ro$i%e% b) &he bank in &his regar%, nor %i% &he
bank &ake an) s&e.s &o re$ise &he in&eres& ra&e, +o( 2 am a$ai"ing an o$er%ra#& #a'i"i&) #rom 4DF!
Bank a& a ra&e o# 2n&eres& o# 12,53/ an% a .ro'essing #ee o# 0,60/ as agains& an in&eres& ra&e o#
14,23/ an% .ro'essing #ee o# 1/ "e$ie% b) )our bank,
Fur&her &he .re$ious manager o# &he bran'h 'om.e""e% me &o &ake an a%%i&iona" 7i#e 2nsuran'e
.o"i') &hrough Max 7i#e 2nsuran'e, &he .remium #or (hi'h amoun&s &o 8s 1,93,036, This is in
a%%i&ion &o &he 2nsuran'e .remium o# 8s 2,48,584 &o be .ai% #or 6 'onse'u&i$e )ears "e$ie% &o(ar%s
&he o$er%ra#& "oan, This is a .ar& o# &he high") une&hi'a" .ra'&i'es 'arrie% ou& b) &he bank an% i&s
s&a##,
2n a%%i&ion, (e (ish &o bring &o )our re#eren'e a 'ommuni'a&ion #rom &he 8eser$e Bank o# 2n%ia
agains& "e$)ing #ore'"osure 'harges on a"" #"oa&ing ra&e "oans 0a 'o.) o# (hi'h is en'"ose% #or )our
kin% re#eren'e1,
4en'e, 2 kin%") re:ues& )ou &o 'an'e" &he "e$) o# #ore'"osure 'harges an% re&urn a"" &he .ro.er&)
%o'umen&s submi&&e% as a se'uri&) &o our "oan (i&h )ou,
8egar%s,