The Reserve Bank of India has permitted The Kalyan Janata Sahakari Bank Ltd. (“The Bank”) to raise funds to the tune of ₹ 20 Crores (Rupees Twenty Crores only) through the instrument of long term subordinated bonds (LTSB) for augmenting Lower Tier – II capital of the Bank.

The Kalyan Janata Sahakari Bank Ltd. is celebrating its Golden Jubilee year, this year. From a modest beginning in December 1973, the bank has grown by leaps and bounds in a short span of five decades with a business mix of over ₹ 5,000 crores today. With over 60,000 shareholder and a satisfied client base of 4 lakh, the Bank is continuously striving to improve quality and set standards in customer service to become “Janata bank” in the truest sense. Bank has recently opened branch at ‘Surat’ in Gujarat State.

The Kalyan Janata Sahakari Bank Ltd. is a multistate scheduled co-operative Bank established on 23 rd December, 1973 doing Banking Business for last 49 years. We are professionally managed institution where the members of Board are from various walks of life. Our business is at present conducted through 43 branches. The business of the bank is done through CBS. Bank has developed advanced processing systems with complete Back Office functions done through own Data Center. During the past 49 years the Bank has reported consistent profits & has displayed commitment towards regulatory compliance with zero defaults in standards of compliance.

The Reserve Bank of India has granted the status of Authorised Co-operative Bank to accept NRE Rupee deposits at 41 branches.The Bank is offering RTGS/NEFT/NET BANKING / IMPS facilities to its customers across all the branches. The Bank has shifted to Next Generation RTGS i.e. NG-RTGS and the first transaction on the new NG-RTGS setup was done by our Bank.

I / we acknowledge that I / We have understood the terms & conditions of the issue of Long Term subordinated Bonds issued by The Kalyan Janata Sahakari Bank Ltd. as disclosed in prospectus & offer document

Signature of the Customer/s

Key Financials of the Bank are as under (Amount ₹ in Crores)
Particulars	As on 31.03.2021	As on 31.03. 2022
Deposits	3187.76	3206.24
Advances	1991.33	1962.18
Business Mix	5179.09	5168.42
Net Profit	19.42	19.49
CRAR	12.32%	11.75%
Net-Worth	204.89	204.87
Return on Assets	0.55%	0.56%
Gross NPA	5.24%	5.13%
Net NPA	2.93%	3.27%
No. of Branches	42	42
No. of Employees	507	491

Particulars	FEATURES
Permission & CRAR Aspects	The Bank has obtained permission of Reserve Bank of India for the said issue. Amount raised through LTSB will be eligible to be treated as Tier-II capital of the Bank.
Issue Size	Total LTSB amounting to ₹ 20 Crores (Twenty Crores). Minimum amount ₹ 10,000/- and in multiple of ₹ 5,000/- & Maximum ₹ 25 lakh for individuals & ₹ 50 lakh for non- individuals. LTSB will be issued on “First come first serve Basis”
Maturity Period of LTSB	LTSB will have maturity of 10 (Ten) years from the date of issue.
Rate of Interest	Rate of Interest is 8% p.a. payable half yearly on 30 th September & 31 st March of every year till the date of maturity. No Interest would be payable after maturity of the bonds.
Eligibility	LTSB will be issued to Indian residents (Single or joint), Private / Public Ltd. companies, Partnership firms, Registered Public Trusts, HUF, Co-operative societies (excluding Urban co-operative Banks). Other commercial banks can invest in these bonds as a part of their Non- SLR portfolio. LTSB can be issued to members & nonmembers of the Bank and those residing in the area of operation of the Bank.
Closure of LTSB Scheme	The date of the closure of LTSB issue will be notified by the Bank on its website & on the notice board of the bank’s corporate office and Branch offices.
Transferability	LTSB shall not be transferable by endorsement.
Nomination	Nomination facility is available for LTSB.
Loan against LTSB	No advance / overdraft shall be granted against security of LTSB and the bank will not recognize any lien, charge or other encumbrance on it.
DICGC Cover	LTSB will not be eligible for DICGC cover.
Priority of claims	LTSB will be subordinated to the claims of Depositors and other Creditors but would rank prior to the claims of shareholders including holders of preference shares (both Tier I & Tier II), Among investors of LTSB included in Tier II, the claims shall rank pari passu with each other.
Options	LTSB will not have ‘put option’ or ‘step up’ option or ‘call’ option
Nature of Instrument	LTSB shall be fully paid up, unsecured & free of restrictive clauses. The investment is not a Fixed Deposit of the Bank. It will be reflected as ‘Borrowing’ in the Balance Sheet.
Redemption/ Repayment	No premature withdrawal / closure for LTSB is available. Prior permission from RBI is required for repayment of LTSB at the maturity.
TDS	Tax will be deducted at source from the interest paid as per the extant provisions of the Income Tax act 1961.
Voting rights	LTSB holders will not be eligible for voting rights.
Jurisdictions	All disputes are subject to the jurisdiction of the courts of Kalyan.
KYC	LTSB would be subject to adherence to the KYC guidelines.
Rejections	The Bank reserves the right to reject application form without giving any reason.

The Bank accepts no responsibility for statements made otherwise than in this offer document & anyone placing reliance on any other source of information would be doing so at his/her/their own risk. No person other than the Bank’s authorized employees has been authorized to give any information or to make any representation not confirmed in this Offer Document in connection with this offer. Any information or representation not contained herein must not be relied upon as having been authorized by the Bank. Investors should carefully read the Offer Document before making an investment decision.

Managing Director