OFFICIAL       LY 6                " QZ
DOCUMENTS               S Supplemental Letter No. 3
STATE BANK OF INDIA
June 30, 2016
International Bank for
Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Re:    Loans No. 8611-IN & CTF Loan No. TFOA2401
CTF Grant No. TF0A2023
(Grid-Connected Rooftop Solar Program)
Letter of Representations
Dear Sirs and Mesdames:
In connection with the IBRD and CTF Loan Agreements (Loan No. 8611-IN & CTF
Loan No. TFOA2401) and the CTF Grant Agreement (TF0A2023) of even date herewith between
the International Bank for Reconstruction and Development (hereinafter called the Bank) acting
on its own behalf and as implementing entity of the Clean Technology Fund, and the State Bank
of India (hereinafter called SBI), SBI hereby undertakes and warrants to the Bank that:
I.    The financial statements (Annual Report) 2015-16, copies of which have been furnished
to the Bank, correctly set forth the financial and operating condition of SBI as of such date, and
that since such date there have been no material adverse changes in the financial and operating
condition of SBI.
2.     SBI is not engaged in litigation as plaintiff or defendant, the outcome of which might
materially and adversely affect its financial condition.
3.     SBI has no outstanding agreements or liabilities, contingent or otherwise (including
taxes), which might materially and adversely affect its financial condition.
4.     No debt of SBI is secured by any mortgage, pledge, charge, priority or other lien, and no
contract or arrangement exists for the creation of any such mortgage, pledge, charge, priority or
other lien, other than those listed in the Attachment I, hereto.
5.     There are no existing defaults in the payment of principal of, or interest or other charges
on, any of SBI's debts.
6.     SBI is not in violation of, and the execution and delivery of the IBRD and CTF Loan
Agreements and the CTF Grant Agreement, and the compliance with all their terms, do not and
will not result in any violation of, any provisions of any existing agreement, franchise,


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concession, license or permit, or of any statute, law, decree-law, executive decree, regulation, or
any other legal rule of a similar nature presently in effect and applicable to SBI.
7.     SBI is a duly existing body corporate established under the laws of India, with full
authority to carry out its present business, to carry out the program and to execute and deliver the
IBRD and CTF Loan Agreements and the CTF Grant Agreement, and has furnished to the Bank
true copies of its SBI Act and SBI General Regulations as amended to the date hereof.
It is our mutual understanding that in making the IBRD and CTF Loans and the CTF
Grant to SBI, the Bank may rely on the representations contained herein.
Yours truly,
STATE BANKIOF INDIA
By
Autlbriz6d Representative