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<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-11-30/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Changes_In_Management/2025-11-30/in-capmkt/in-capmkt-ent" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2025-11-30/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-11-30.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier 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decimals="INF">60</in-capmkt:TermOfAppointmentInMonths><in-capmkt:BriefProfile contextRef="D_ChangeInManagement2">Shri. Rajan T.K has been a seasoned finance professional with over 34 years of service with the Reserve Bank of India (RBI) and had retired from RBI as Chief General Manager in-charge of Supervision of banking sector. He was also the Chief General Manager, Cyber and IT Risk Group, Department of Supervision of RBI and was involved in setting up the unit responsible for regulation and supervision of cyber and IT risks in the banking sector, introduction of major regulations for the sector in cyber and IT risk areas, rolling out of various supervisory tools viz., IT Examinations, off-site assessment framework, incident reporting, cyber reconnaissance, automation of supervisory processes in RBI through introduction of DAKSH (a Web based application bringing the RBI and the supervised entities on a single platform).

Shri. Rajan T.K had led RBI in national committees involving various stake holders viz., Indian Cyber Crime Coordination Centre (MHA), CERT-In, DoT, National Cyber Coordinator, etc. to deal with cyber and IT risks. He had represented RBI in the Financial Stability Board headquartered in Basel, Switzerland in major initiatives relating to cyber risks such as development of a cyber lexicon, development of a cyber incident reporting framework, etc. He was a member of the Basel Consultative Group (BCG) of the Bank for International Settlements, Basel, Switzerland and a member of the Board of Directors of Reserve Bank Information Technology Pvt. Ltd. (ReBIT), a subsidiary of RBI for providing Technology and allied services. He had also represented RBI in the Board of two private sector banks, including Dhanlaxmi Bank Limited. He has extensive experience in off-site and on-site supervision of commercial banks.

Shri. Rajan T.K had headed the RBI's functions relating to Public Debt Management and Foreign Exchange Reserve Management. He had also represented RBI as a resource speaker/panelist in IMF, BIS and Foreign Central Bank meetings/ workshops, etc. Presently, he is full-time consultant of College of Supervisors, Reserve Bank of India. 

Shri. Rajan T.K holds a degree of Bachelor of Technology, Masters in Business Administration and is also a Chartered Financial Analyst (CFA), Finance from the Institute of Chartered Financial Analysts of India (ICFAI).</in-capmkt:BriefProfile><in-capmkt:DisclosureOfRelationshipsBetweenDirectorsInCaseOfAppointmentOfDirector contextRef="D_ChangeInManagement2">NA</in-capmkt:DisclosureOfRelationshipsBetweenDirectorsInCaseOfAppointmentOfDirector><in-capmkt:AffirmationThatThePersonProposedToBeAppointedAsDirectorIsNotDebarredFromHoldingTheOfficeByVirtueOfAnySEBIOrderOrAnyOtherAuthority contextRef="D_ChangeInManagement2">true</in-capmkt:AffirmationThatThePersonProposedToBeAppointedAsDirectorIsNotDebarredFromHoldingTheOfficeByVirtueOfAnySEBIOrderOrAnyOtherAuthority><in-capmkt:WhetherTheDirectorBeingAppointedIsDisqualifiedFromHoldingTheOfficeOfDirectorPursuantToProvisionsOfSection164OfTheCompaniesAct2013 contextRef="D_ChangeInManagement2">false</in-capmkt:WhetherTheDirectorBeingAppointedIsDisqualifiedFromHoldingTheOfficeOfDirectorPursuantToProvisionsOfSection164OfTheCompaniesAct2013></xbrli:xbrl>
