Bank Results & Snapshot - FY21

Indus Equity Advisors
Private & PSU Banks

Results & Snapshots – FY21
Indus Equity
Private & PSU Banks - Results & Snapshots – FY21 Advisors
Quarterly Financial Results
Sr. no. Particulars Market Cap. (INRbn) Sr. no. Particulars Market Cap. (INRbn)
1 AU Small Financ 321 18 Indian Bank 156
2 Axis Bank 2,224 19 IndusInd Bank 751
3 Bandhan Bank 502 20 IOB 369
4 Bank of Baroda 405 21 Karnataka Bank 19
5 Bank of India 278 22 JK Bank 22
6 Bank of Mah 164 23 Karur Vysya 41
7 Canara Bank 239 24 Kotak Mahindra 3,479
8 Central Bank 173 25 PNB 438
9 City Union Bank 120 26 Punjab & Sind 77
10 CSB Bank 55 27 RBL Bank 122
11 DCB Bank 33 28 SBI 3,618
12 Dhanlaxmi Bank 4 29 South Ind Bk 23
13 Federal Bank 165 30 UCO Bank 161
14 HDFC Bank 8,091 31 Ujjivan SFB 62
15 ICICI Bank 4,310 32 Union Bank 252
16 IDBI Bank 401 33 Yes Bank 340
17 IDFC First Bank 349
INDUS EQUITY ADVISORS
Au Small Finance Bank - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 9M' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 9M' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17
Income Statement
Fund based income
Interest / Discount on advances 3,947 1,042 2,905 1,007 1,899 945 954 3,415 953 2,462 883 810 769 2,358 1,251 981
Income on Investments 773 182 591 186 405 207 198 613 160 454 155 156 143 293 128 17
Interest on bal with RBI and other banks 85 19 66 21 45 24 22 26 11 14 6 5 4 41 48 0
Others 145 49 95 48 48 38 10 232 59 172 68 63 41 257 340 289
Total Fund based income 4,950 1,292 3,658 1,261 2,397 1,212 1,184 4,286 1,183 3,102 1,112 1,033 957 2,949 1,767 1,287
--growth y-o-y 15.5% 9.2% 17.9% 13.4% 20.4% 17.3% 23.7% 45.3% 35.0% 49.7% 41.0% 51.2% 59.5% 66.9% 37.3%
--growth q-o-q - 2.5% - 4.0% - 2.4% 0.1% - 6.5% - 7.6% 7.9% 9.2% - -
Other Income 1,452 277 1,175 663 511 286 226 706 183 523 161 151 211 462 396 117
Total Income 6,402 1,569 4,833 1,925 2,908 1,498 1,410 4,992 1,367 3,625 1,273 1,184 1,168 3,411 2,163 1,404
Total Interest Expense 2,585 637 1,948 628 1,320 652 668 2,377 629 1,748 605 582 562 1,607 827 496
--growth y-o-y 8.7% 1.3% 11.4% 3.8% 15.4% 12.0% 18.9% 47.9% 28.3% 56.6% 37.3% 60.6% 79.0% 94.3% 66.7%
--growth q-o-q - 1.4% - -3.7% - -72.6% 6.3% - 3.9% - 3.9% -63.8% 14.7% - - -
Net Interest Income 2,365 656 1,710 633 1,076 561 516 1,909 555 1,354 507 452 396 1,342 940 791
--growth y-o-y 23.9% 18.2% 26.3% 24.9% 27.1% 24.1% 30.4% 42.2% 43.4% 41.7% 45.7% 40.7% 38.1% 42.7% 18.9%
--growth q-o-q - 3.6% - 12.9% - -70.6% -7.0% - 9.5% - 12.2% -66.4% 2.2% - - -
Opearating Expenses
Employee Cost 980 337 643 240 404 224 179 760 204 555 187 182 186 601 425 193
Other administrative Exps 678 222 456 184 273 156 117 658 218 440 168 143 130 481 335 160
Total Operating Expenses 1,658 559 1,100 424 676 380 296 1,418 422 996 355 325 316 1,082 760 353
Profit before Tax and Provisions (Pbtp) 2,159 374 1,785 873 912 466 446 1,197 316 881 313 278 291 722 576 555
--growth y-o-y 80.3% 18.4% 102.5% 179.0% 60.4% 67.9% 53.2% 65.8% 46.4% 74.1% 75.1% 58.5% 90.9% 25.3% 3.8%
--growth q-o-q - -57.2% - 87.2% - -61.0% 41.1% - 0.9% - 12.7% -61.5% 34.9% - - -
Provisions and contingencies

Others 700 178 522 284 239 57 181 283 151 133 40 61 32 142 133 82
Total 700 178 522 284 239 57 181 283 151 133 40 61 32 142 133 82
Exceptional Itmes 670
Profit Before tax 1,459 196 1,262 589 673 409 264 914 165 749 273 217 259 580 443 1,143
Income Tax 288 27 261 110 151 87 64 239 43 196 83 45 69 198 151 321
effective tax rate 19.7% 13.8% 20.7% 18.7% 22.4% 21.3% 24.0% 26.2% 26.0% 26.2% 30.3% 20.7% 26.6% 34.2% 34.1% 28.1%
Net Profit 1,171 169 1,002 479 523 322 201 675 122 552 190 172 190 382 292 822
--growth y-o-y 73.5% 38.1% 81.3% 151.9% 44.3% 87.2% 5.5% 76.7% 3.5% 109.6% 99.5% 88.1% 147.7% 30.7% -64.5%
--growth q-o-q - -64.7% - 48.8% 160.3% 60.3% 64.2% - -35.7% - 10.6% -9.7% 61.0% - - -
Paid up Equity Share Capital 312 312 307 307 307 307 306 304 304 304 304 293 292 293 286 284
Reserves 5,963 5,963 4,073 4,073 512 2,871 1,995 1,703
Capital Adequacy Ratio (Basel III) 23.4% 23.4% 18.8% 18.8% 21.5% 21.5% 21.7% 22.0% 22.0% 19.3% 19.3% 17.9% 18.6% 19.3% 19.3% 23.0%
Earning per share 37.5 5.4 32.7 15.6 17.1 10.5 6.6 22.2 4.0 18.2 6.3 5.9 6.5 13.0 10.2 28.9
DPS 0.0 0.0 0.8 0.0 5.0
Dividend Payout 0% 0% 6% 0% 17%
Au Small Finance Bank - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 9M' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 9M' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17
Ratios
NII/Core Interest Income 47.8% 50.7% 46.7% 50.2% 44.9% 46.2% 43.6% 44.5% 46.9% 43.6% 45.6% 43.7% 41.3% 45.5% 53.2% 61.5%
Cost to Income Ratio 43.4% 59.9% 38.1% 32.7% 42.6% 44.9% 39.9% 54.2% 57.2% 53.0% 53.2% 53.9% 52.0% 60.0% 56.9% 38.9%
Other Income/Opex 87.5% 49.5% 106.8% 156.6% 75.7% 75.2% 76.3% 49.8% 43.4% 52.5% 45.4% 46.4% 66.8% 42.7% 52.1% 33.1%
Provisioning/Pbtp 32.4% 47.6% 29.3% 32.5% 26.2% 12.3% 40.7% 23.7% 47.7% 15.0% 12.8% 22.0% 10.8% 19.6% 23.0% 14.7%
OPM@ 14.3% 7.5% 16.7% 16.6% 16.7% 14.9% 18.6% 11.5% 11.2% 11.6% 13.6% 12.3% 8.3% 8.8% 10.2% 34.0%
PBT/NII 61.7% 29.9% 73.8% 93.1% 62.5% 72.9% 51.2% 47.9% 29.8% 55.3% 53.8% 48.0% 65.6% 43.2% 47.1% 144.6%
Other Income/Total Income 22.7% 17.6% 24.3% 34.5% 17.6% 19.1% 16.0% 14.1% 13.4% 14.4% 12.7% 12.7% 18.1% 13.5% 18.3% 8.3%
Book value per share 201.0 201.0 175.4 175.4 159.9 159.9 149.5 143.9 143.9 139.6 139.6 120.2 114.7 107.9 79.8 69.9
Adj Book Value 176.8 176.8 174.9 173.1 155.7 155.7 144.1 136.8 136.8 137.8 130.7 110.5 104.8 97.8 73.9 69.4
Gross NPAs 1,503 1,503 303 303 423 423 447 458 458 504 504 504 486 470 270 125
-- Growth YoY 228.3% 228.3% -39.9% -39.9% -16.0% -16.0% -7.9% -2.6% -2.6% 19.8% 19.8% 35.8% 45.6% 74.3% 116.6%
Net NPAs 755 755 73 73 129 129 163 217 217 268 268 283 289 295 169 80
-- Growth YoY 247.7% 247.7% -72.9% -72.9% -54.5% -54.5% -43.5% -26.2% -26.2% 2.1% 2.1% 22.1% 37.2% 73.9% 110.5%
% of Gross NPAs 4.3% 4.3% 1.0% 1.0% 1.5% 1.5% 1.7% 1.7% 1.7% 1.9% 1.9% 2.0% 2.1% 2.0% 2.0% 1.9%
% of Net NPAs 2.2% 2.2% 0.2% 0.2% 0.5% 0.5% 0.6% 0.8% 0.8% 1.0% 1.0% 1.1% 1.3% 1.3% 1.3% 1.2%
Return on Assets 2.5% 0.3% 3.0% 4.2% 2.4% 2.9% 1.8% 1.8% 1.2% 2.1% 2.0% 2.0% 2.3% 1.5% 2.0% 2.7%
RoAE 22.0% 17.9% 14.0% 13.7%
Coverage Ratio 49.7% 49.7% 76.0% 76.0% 69.6% 69.6% 63.5% 52.5% 52.5% 46.8% 46.8% 43.9% 40.5% 37.4% 37.2% 35.4%
`@ Note: OPM Measures core margin, OPM= (NII - Op. Exp)/ Int. Income
Business
Advances 34,609 34,609 30,293 30,293 27,233 27,233 26,250 26,992 26,992 26,572 26,572 24,809 23,102 22,819
-- advances growth 28% 28.2% 14.0% 14.0% 9.8% 9.8% 13.6% 18% 18.3% 15.5% 15.5% 36.9% 51.3%
Deposits 35,979 35,979 29,708 29,708 26,980 26,980 26,734 26,164 26,164 22,052 22,052 22,149 19,849 19,422
-- deposit growth 38% 37.5% 34.7% 34.7% 21.8% 21.8% 34.7% 35% 34.7% 75.4% 75.4% 72.1% 98.5%
--Savings deposits 6,643 6,643 5,191 5,191 3,997 3,997 3,045 2,673 2,673 2,811 2,811 2,611 2,638 2,508
-- saving deposit growth 149% 148.5% 84.7% 84.7% 53.1% 53.1% 15.4% 7% 6.6% 15.2% 15.2% 8.7% 38.0%
--Current deposits 1,632 1,632 1,254 1,254 927 927 824 1,114 1,114 932 932 721 766 1,082
-- current deposit growth 46% 46.5% 34.5% 34.5% 28.6% 28.6% 7.6% 3% 3.0% 78.9% 78.9% 80.3% 140.1%
Casa 8,275 8,275 6,445 6,445 4,924 4,924 3,869 3,787 3,787 3,743 3,743 3,332 3,404 3,590
-- % of total Deposits 23.0% 23.0% 21.7% 21.7% 18.3% 18.3% 14.5% 14.5% 14.5% 17.0% 17.0% 15.0% 17.1% 18.5%
Cost Ratios as a % to Total Income
Interest / Discount on advances 79.7% 80.6% 79.4% 79.8% 79.2% 77.9% 80.5% 79.7% 80.5% 79.4% 79.5% 78.4% 80.3% 80.0% 70.8% 76.2%
Income on Investments 15.6% 14.1% 16.2% 14.8% 16.9% 17.0% 16.7% 14.3% 13.5% 14.6% 13.9% 15.1% 15.0% 9.9% 7.3% 1.3%
Interest on bal with RBI and other banks 1.7% 1.4% 1.8% 1.7% 1.9% 1.9% 1.8% 0.6% 1.0% 0.5% 0.5% 0.4% 0.4% 1.4% 2.7% 0.0%
Others 2.9% 3.8% 2.6% 3.8% 2.0% 3.1% 0.9% 5.4% 5.0% 5.6% 6.1% 6.1% 4.3% 8.7% 19.3% 22.4%
othe income 29.3% 21.4% 32.1% 52.6% 21.3% 23.6% 19.1% 16.5% 15.5% 16.9% 14.5% 14.6% 22.0% 15.7% 22.4% 9.1%
Total Interest Expense 52.2% 49.3% 53.3% 49.8% 55.1% 53.8% 56.4% 55.5% 53.1% 56.4% 54.4% 56.3% 58.7% 54.5% 46.8% 38.5%
Net Interest Income 47.8% 50.7% 46.7% 50.2% 44.9% 46.2% 43.6% 44.5% 46.9% 43.6% 45.6% 43.7% 41.3% 45.5% 53.2% 61.5%
Wages 19.8% 26.1% 17.6% 19.0% 16.8% 18.5% 15.1% 17.7% 17.3% 17.9% 16.8% 17.6% 19.4% 20.4% 24.0% 15.0%
Other administrative Exps 13.7% 17.2% 12.5% 14.6% 11.4% 12.9% 9.9% 15.4% 18.4% 14.2% 15.1% 13.8% 13.6% 16.3% 19.0% 12.5%
Total Operating Expenses 33.5% 43.2% 30.1% 33.6% 28.2% 31.3% 25.0% 33.1% 35.7% 32.1% 32.0% 31.4% 33.0% 36.7% 43.0% 27.5%
Profit before Tax and Provisions (Pbtp) 43.6% 28.9% 48.8% 69.2% 38.1% 38.5% 37.6% 27.9% 26.7% 28.4% 28.1% 26.9% 30.4% 24.5% 32.6% 43.1%
Provisions and contingencies 14.1% 13.8% 14.3% 22.5% 10.0% 4.7% 15.3% 6.6% 12.7% 4.3% 3.6% 5.9% 3.3% 4.8% 7.5% 6.3%
PBT 29.5% 15.2% 34.5% 46.7% 28.1% 33.7% 22.3% 21.3% 14.0% 24.1% 24.5% 21.0% 27.1% 19.7% 25.1% 88.9%
Income Tax 5.8% 2.1% 7.1% 8.7% 6.3% 7.2% 5.4% 5.6% 3.6% 6.3% 7.4% 4.3% 7.2% 6.7% 8.6% 25.0%
PAT 23.7% 13.1% 27.4% 38.0% 21.8% 26.5% 17.0% 15.7% 10.3% 17.8% 17.1% 16.6% 19.9% 12.9% 16.5% 63.9%
Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

AU Small Finance Bank INDUS EQUITY ADVISORS
Advances and Deposits (INRbn) CASA Deposits

400 145.1 160 90.00 82.8 30.0 140.0
118.5
350 140 80.00
25.0 120.0
300 120 70.00
103.2 100.0
60.00 20.0
66.43
250 100
50.00 68.2 80.0
200 71.4 80 37.9 15.0
61.2 35.9
40.00 60.0
150 60
16.32
34.7 37.5 30.00 21.3 10.0
40.0
11.14
10.82
100 270 28.2 40
14.5
20.00
26.73
25.08
3.92
5.0
17.42
20.0
26.9
18.5
23.0
133
228
194
262
346
360
50 20
58
66
79
10.00
12.1 18.3
-
- 0 - - -
INR Bn FY16 % 5.5
FY17 FY18 FY19 FY20 FY21 INR Bn FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21
Loans Deposits
SA CA CASA CASA Ratio (%) CASA YoY Gr. (%) (RHS)
Loan Growth YoY (%) Deposit Growth YoY (%)
Source: Company, Indus Equity Source: Company, Indus Equity
GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

16.0 4.3 4.5 60.0 1.80
52.6
4.0 49.7 1.60 1.65
14.0 50.0
3.5 1.40
12.0
40.0 36.8 36.0 37.4 37.2
3.0 1.20
10.0
2.2 2.5 1.00
8.0 2.0 2.0 30.0
1.8 1.7 0.80
2.0
6.0 1.3 1.3 1.3 20.0 0.60
1.2 1.5
4.0 0.8 0.8 0.40 0.57
1.0
10.0
2.0 0.20 0.42
15.0
0.5
0.5
0.8
1.7
3.0
2.2
7.6
0.7
1.3
2.7
4.7
4.6
0.27 0.26
- - - -
INR FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
%
GNPA NNPA GNPA % NNPA % PCR without Tech W/off (%) Credit Cost (%)
Source: Company, Indus Equity Source: Company, Indus Equity Source: Company, Indus Equity
AU Small Finance Bank INDUS EQUITY ADVISORS
PAT and PPOP to Assets Margin NIMs and Cost to Income Ratio (%) Capital Ratios
14.0 8.0 6.0 70.0 25.0
7.0 6.9
7.0 5.5 60.0
12.0 56.7 60.0
54.2 20.0
21.5
21.5
6.0 5.0
10.0
4.6
18.4
18.4
5.0 4.5 43.4 50.0
8.0 4.0 15.0
16.0
4.0
3.2 4.0 40.0
13.7
6.0 2.8 3.5
3.0 10.0
4.0 3.0 30.0
2.0
2.5 5.0
2.0 1.0 20.0
17.1
23.0
19.3
19.3
22.0
23.4
2 3 3 4 7 12 2.0
- - 2.4 5.5 5.4 5.3
1.5 10.0 -
FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
FY18 FY19 FY20 FY21
PAT (INRbn) PPOP Margin (%) (RHS) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)
Branch and Network RoA and RoE Price to Book

600 40.0 30.0 3.5 10.0
33.3 3.1
35.0 9.0
500 29.4 25.0 2.70 3.0
30.0 2.50 8.0
26.0
2.5 7.0
400 25.0 20.0 2.00 1.80 6.0
20.0 2.0
300 15.0 1.50 5.0
15.0 1.5 4.0
291
284
7.7
200 10.0 10.0 3.0
4.5 1.0
5.0 2.0
100 -2.4 5.0 0.5
251
306
292
408
292
528
356
552
343
- 1.0
27.7 20.4 13.7 14.0 17.9 23.4
Oct-17
Oct-18
Oct-19
Oct-20
Jul-17
Jul-18
Jul-19
Jul-20
Apr-18
Apr-19
Apr-20
Apr-21
Jan-18
Jan-19
Jan-20
Jan-21
- -5.0 - -
Branches ATMs Branches Gr. YoY % (RHS) RoE RoA (RHS)
Avg PB PB -1SD +1SD -2SD +2SD
Axis Bank Ltd - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 20 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income

Interest / Discount on advances 47,919 11,598 11,544 24,776 12,189 12,587 48,303 12,634 12,284 11,924 11,461 41,322 34,137 33,125 30,041 25,868
Income on Investments 12,558 3,293 3,190 6,075 3,102 2,973 11,246 2,610 2,649 2,868 3,119 11,349 9,983 9,623 9,378 9,117
Interest on bal with RBI and other banks 1,038 222 116 699 259 440 1,095 423 286 195 192 693 388 504 313 231
Others 2,130 431 648 1,051 513 539 1,991 568 490 451 483 1,621 1,272 1,291 1,258 262
Total Fund based income 63,645 15,545 15,498 32,602 16,063 16,539 62,635 16,234 15,708 15,438 15,255 54,986 45,780 44,542 40,989 35,479
Growth YoY 1.6% -4.2% -1.3% 6.2% 4.0% 8.4% 13.9% 9.7% 11.2% 16.2% 19.4% 20.1% 2.8% 8.7% 15.5% 15.8%
Other Income 14,838 4,668 3,776 6,394 3,807 2,587 15,537 3,985 3,787 3,896 3,869 13,130 10,967 11,691 9,371 8,365
Total Income 78,483 20,213 19,274 38,996 19,870 19,126 78,172 20,220 19,495 19,334 19,124 68,116 56,747 56,233 50,360 43,844
Total Interest Expense 34,406 7,990 8,126 18,290 8,737 9,554 37,429 9,426 9,255 9,336 9,411 33,278 27,163 26,449 24,155 21,254
Growth YoY -8.1% -15.2% -12.2% -2.4% -6.4% 1.5% 12.5% 3.7% 8.6% 16.0% 23.7% 22.5% 2.7% 9.5% 13.6% 13.7%
Net Interest Income 29,239 7,555 7,373 14,311 7,326 6,985 25,206 6,808 6,453 6,102 5,844 21,708 18,618 18,093 16,833 14,224
Growth YoY 16.0% 11.0% 14.3% 19.8% 20.1% 19.5% 16.1% 19.3% 15.2% 16.6% 13.1% 16.6% 2.9% 7.5% 18.3% 19.0%
Opearating Expenses
Wages 6,164 1,668 1,677 2,819 1,413 1,406 5,321 1,374 1,365 1,275 1,307 4,747 4,313 3,892 3,377 3,115
Other administrative Exps 12,211 3,691 3,376 5,144 2,823 2,321 11,984 3,568 3,132 2,771 2,513 11,086 9,677 8,308 6,725 6,089
Total Operating Expenses 18,375 5,359 5,053 7,963 4,236 3,728 17,305 4,942 4,497 4,046 3,820 15,833 13,990 12,200 10,101 9,204
Profit before Tax and Provisions (Pbtp) 25,702 6,865 6,096 12,742 6,898 5,844 23,438 5,851 5,743 5,952 5,893 19,005 15,594 17,584 16,104 13,385
Growth YoY 9.7% 17.3% 6.1% 7.6% 15.9% -0.8% 23.3% 16.7% 3.9% 45.4% 34.8% 21.9% -11.3% 9.2% 20.3% 16.8%

Others 16,896 3,295 4,604 8,997 4,581 4,416 18,534 7,730 3,471 3,518 3,815 12,031 15,473 12,117 3,710 2,329
Total 16,896 3,295 4,604 8,997 4,581 4,416 18,534 7,730 3,471 3,518 3,815 12,031 15,473 12,117 3,710 2,329
Profit Before tax 8,806 3,570 1,491 3,745 2,317 1,428 4,904 -1,879 2,272 2,433 2,078 6,974 122 5,468 12,394 11,057
Income Tax 2,217 893 375 950 634 316 3,277 -491 515 2,545 708 2,297 -154 1,788 4,170 3,699
effective tax rate 25.2% 25.0% 25.1% 25.4% 27.4% 22.1% 66.8% 26.1% 22.7% 104.6% 34.1% 32.9% -126.8% 32.7% 33.6% 33.5%
Net Profit 6,588 2,677 1,117 2,795 1,683 1,112 1,627 -1,388 1,757 -112 1,370 4,677 276 3,679 8,224 7,358
Growth YoY 304.9% -292.9% -36.4% 122.2% -1601.4% -18.8% -65.2% -192.2% 4.5% -114.2% 95.4% 1596.4% -92.5% -55.3% 11.8% 18.3%
Reserves & Surplus 1,00,990 1,00,990 95,455 94,338 94,338 85,496 84,384 84,384 85,634 83,312 70,704 66,162 62,932 55,284 52,688 44,202
CET 1 15.4% 15.4% 15.4% 15.4% 15.4% 13.5% 13.3% 13.3% 14.3% 14.0% 11.7% 11.3% 11.7% 11.1% 12.5%
NIMs 3.5% 3.6% 3.6% 3.8% 3.6% 3.4% 3.5% 3.6% 3.6% 3.5% 3.4% 3.4% 3.4% 3.7% 3.9% 3.9%
Earning per share 21.5 8.7 3.6 9.1 5.5 3.9 5.8 -4.9 6.2 -0.4 5.2 18.2 1.1 15.4 34.5 31.0
DPS 0.0 0.0 1.0 0.0 5.0 5.0 4.6
Dividend Payout 0.0% 0.0% 5.5% 0.0% 32.5% 14.5% 14.8%
Axis Bank Ltd - Quarterly Financials
Ratios
OPM@ 17.1% 14.1% 15.0% 19.5% 19.2% 19.7% 12.6% 11.5% 12.5% 13.3% 13.3% 10.7% 10.1% 13.2% 16.4% 14.2%
PBT/NII 30.1% 47.2% 20.2% 26.2% 31.6% 20.4% 19.5% -27.6% 35.2% 39.9% 35.6% 32.1% 0.7% 30.2% 73.6% 77.7%
Adj Book Value 308.8 308.8 298.7 290.3 290.3 278.6 267.9 267.9 204.2 201.6 217.7 215.4 182.6 196.8 212.5 182.9
Gross NPAs 25,315 25,315 21,998 26,832 26,832 29,560 30,234 30,234 30,073 29,071 29,405 29,789 34,249 21,280 6,088 4,110
Growth YoY -16.3% -16.3% -26.9% -7.7% -7.7% 0.5% 1.5% 1.5% -2.5% -6.0% -10.0% -13.0% 60.9% 249.6% 48.1% 30.6%
Net NPAs 6,994 6,994 4,610 6,108 6,108 7,448 9,360 9,360 12,160 11,138 11,037 11,276 16,592 8,627 2,522 1,317
Growth YoY -25.3% -25.3% -62.1% -45.2% -45.2% -32.5% -17.0% -17.0% -0.6% -12.4% -25.9% -32.0% 92.3% 242.0% 91.5% 28.5%
Slippages 16,427 5,285 7,993 3,149 931 2,218 19,915 3,920 6,214 4,983 4,798 13,872 33,457 21,782 7,345 2,854
% of Gross NPAs 3.7% 3.7% 3.4% 4.2% 4.2% 4.7% 4.9% 4.9% 5.0% 5.0% 5.3% 5.3% 6.8% 5.0% 1.7% 1.3%
% of Net NPAs 1.1% 1.1% 0.7% 1.0% 1.0% 1.2% 1.6% 1.6% 2.1% 2.0% 2.0% 2.1% 3.4% 2.1% 0.7% 0.4%
Slippage Ratio 2.9% 3.7% 5.8% 1.2% 0.7% 1.8% 4.0% 3.2% 5.2% 4.4% 4.4% 3.2% 9.0% 6.4% 2.6% 1.2%
Return on Assets 0.7% 1.1% 0.5% 0.6% 0.7% 0.5% 0.2% -0.6% 0.9% -0.1% 0.7% 0.8% -1.3% 0.8% 1.7% 1.8%
Coverage Ratio 72.4% 72.4% 79.0% 77.2% 77.2% 74.8% 69.0% 69.0% 59.6% 61.7% 62.5% 62.1% 51.6% 59.5% 58.6% 68.0%
Business
Advances 6,23,720 6,23,720 5,82,754 5,76,372 5,76,372 5,61,341 5,71,424 5,71,424 5,50,138 5,21,594 4,97,276 4,94,798 4,39,650 3,73,070 3,38,774 2,81,083
-- advances growth 9.2% 9.2% 5.9% 10.5% 10.5% 12.9% 15.5% 15.5% 15.8% 14.4% 12.7% 12.5% 17.8% 10.1% 20.5% 22.2%
--Retail Advances 3,34,514 3,34,514 3,17,894 3,05,685 3,05,685 2,98,636 3,05,400 3,05,400 2,91,554 2,73,223 2,58,205 2,45,812 2,06,464 1,67,993 1,38,521 1,11,932
-- % of total Advances 9.5% 9.5% 9.0% 11.9% 11.9% 15.7% 24.2% 24.2% 25.5% 23.2% 22.0% 19.1% 22.9% 21.3% 40.9% 39.8%
Deposits 7,07,306 7,07,306 6,54,140 6,35,454 6,35,454 6,28,150 6,40,105 6,40,105 5,91,676 5,83,958 5,40,678 5,48,471 4,53,623 4,14,379 3,57,968 3,22,442
-- deposit growth 10.5% 10.5% 10.6% 8.8% 8.8% 16.2% 16.7% 16.7% 15.1% 21.7% 20.9% 20.9% 9.5% 15.8% 11.0% 14.8%
--Savings deposits 2,04,473 2,04,473 1,89,814 1,80,689 1,80,689 1,76,318 1,73,592 1,73,592 1,65,353 1,60,916 1,52,263 1,54,129 1,48,202 1,26,048 1,05,793 88,292
-- saving deposit growth 17.8% 17.8% 14.8% 12.3% 12.3% 15.8% 12.6% 12.6% 9.2% 8.2% 7.7% 4.0% 17.6% 19.1% 19.8% 13.5%
--Current deposits 1,13,276 1,13,276 92,578 1,00,099 1,00,099 80,439 90,114 90,114 78,395 79,138 71,211 89,265 95,650 87,002 63,652 56,108
-- current deposit growth 25.7% 25.7% 18.1% 26.5% 26.5% 13.0% 1.0% 1.0% -6.9% -1.2% 4.3% -6.7% 9.9% 36.7% 13.4% 15.2%
Casa 3,17,749 3,17,749 2,82,392 2,80,788 2,80,788 2,56,757 2,63,706 2,63,706 2,43,748 2,40,054 2,23,474 2,43,394 2,43,852 2,13,050 1,69,445 1,44,400
-- % of total Deposits 44.9% 44.9% 43.2% 44.2% 44.2% 40.9% 41.2% 41.2% 41.2% 41.1% 41.3% 44.4% 53.8% 51.4% 47.3% 44.8%
Others 3.3% 2.8% 4.2% 3.2% 3.2% 3.3% 3.2% 3.5% 3.1% 2.9% 3.2% 2.9% 2.8% 2.9% 3.1% 0.7%
othe income 23.3% 30.0% 24.4% 19.6% 23.7% 15.6% 24.8% 24.5% 24.1% 25.2% 25.4% 23.9% 24.0% 26.2% 22.9% 23.6%
Wages 9.7% 10.7% 10.8% 8.6% 8.8% 8.5% 8.5% 8.5% 8.7% 8.3% 8.6% 8.6% 9.4% 8.7% 8.2% 8.8%
PBT 13.8% 23.0% 9.6% 11.5% 14.4% 8.6% 7.8% -11.6% 14.5% 15.8% 13.6% 12.7% 0.3% 12.3% 30.2% 31.2%
Income Tax 3.5% 5.7% 2.4% 2.9% 3.9% 1.9% 5.2% -3.0% 3.3% 16.5% 4.6% 4.2% -0.3% 4.0% 10.2% 10.4%
PAT 10.4% 17.2% 7.2% 8.6% 10.5% 6.7% 2.6% -8.5% 11.2% -0.7% 9.0% 8.5% 0.6% 8.3% 20.1% 20.7%
Axis Bank INDUS EQUITY ADVISORS

8,000 25.0 3,500 3,177 60.0 30.0
25.7
20.5 20.9
7,000 3,000 50.0 25.0
2,637 20.5
20.0 2,439 2,434
6,000 17.8 20.0
15.8 2,500 2,131 40.0 14.5
5,000 …
12.5 15.0 17.3 15.0
11.0 15.5 2,000 1,694
4,000 30.0
2,045
10.5 8.3
1,133
9.5 10.0
10.0 1,500
1,736
6,237
3,000
957
901
893
870
1,541
20.0
1,482
10.1 9.2 5.0
637
1,000
1,260
7,073
2,000 -0.2
5.0
1,058
3,388
3,580
3,731
4,144
4,397
4,536
4,948
5,485
5,714
6,401 10.0 -
47.3
51.4
53.8
44.4
41.2
44.9
1,000 500
- - INR Bn - -5.0
INR Bn %
-
FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

400 8.0 80.0 4.50
72.4
6.8 69.0
350 7.0 70.0 4.00
62.1 4.08
58.6 59.5 3.50
300 5.3 6.0 60.0
5.0 51.6
4.9 3.00
250 5.0 50.0 3.13
3.7 2.50
200 3.4 4.0 40.0
2.00 2.39
30.0 2.19
150 3.0 1.50 2.04
2.1 2.1
1.7 1.6 20.0
100 2.0 1.00
1.1 1.23
0.7 10.0 0.50
50 1.0
166
113
213
342
302
253
298
25
86
94
70
61
- - - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 %
Axis Bank INDUS EQUITY ADVISORS
90.0 3.5 4.5 47.3 50.0 25.0
3.22 45.4
80.0 3.08 3.3 42.5 41.7
41.0 45.0
3.1 4.0 38.5 20.0
70.0
2.73 40.0
2.69 2.9
60.0 3.5
2.55 2.7 35.0 15.0
50.0 2.41
15.4
2.5 3.0 30.0
40.0
13.3
12.5
2.3 10.0
11.7
11.3
11.1
30.0 25.0
2.1 2.5
20.0 1.9 20.0
5.0
10.0 1.7 2.0
15.3
15.0
16.6
15.8
17.5
19.1
82 37 3 47 16 66 15.0
- 1.5 3.90 3.67 3.44 3.43 3.51 3.53
1.5 10.0 -

15,000 16 20.0 2.0 3.50
13.8 1.72
13,000 14 18.0 1.8
12.2 12.1 11.8 3.00
16.0 1.6
11,000 12 17.49
14.0 1.4
9.4 2.50
9,000 10 12.0 1.2
7,000 8 10.0 1.0 2.00
0.65 0.63 0.70
8.0 0.8
5,000 6
6.0 0.6 1.50
12,743
14,163
11,801
12,044
11,333
14,311
3,000 4
3,703
4,050
4,528
4,594
3,304
2,904
4.0 0.20 0.4

1,000 2 2.0 0.04 0.2 1.00
7.22 8.09 2.34 7.55
Aug-15
Aug-16
Aug-17
Aug-18
Aug-19
Aug-20
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
Apr-17
Apr-18
Apr-19
Apr-20
Apr-15
Apr-16
Apr-21
1.5 - -
-1,000 FY16 FY17 FY18 FY19 FY20 FY21 0 0.53
Branches ATMs Branches Gr. YoY % (RHS) RoE RoA (RHS) Avg PB PB -1SD +1SD -2SD +2SD
Bandhan Bank Ltd - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Q4' 19 9m' 19 Mar' 18 Mar' 17
Income Statement
Fund based income

Income on Investments 1,174 357 316 502 272 229 833 247 201 195 190 617 156 462 490 428
Others 340 61 67 212 86 126 403 106 93 73 131 228 72 157 347 280
--growth y-o-y 15.1% 5.4% 21.7% 16.8% 18.9% 14.7% 63.8% 55.3% 64.7% 67.6% 69.1% 38.4% 35.7% 39.4% 22.9%
--growth q-o-q -9.3% 3.4% 5.9% 6.0% 4.7% 1.0% 2.2% 43.6% 11.1% -
Other Income 2,109 787 553 769 382 387 1,549 500 358 360 331 1,063 388 675 706 411
Total Income 14,633 3,788 3,861 6,984 3,579 3,405 12,435 3,346 3,075 3,051 2,962 7,707 2,221 5,487 5,508 4,320
Total Interest Expense 4,961 1,244 1,236 2,481 1,275 1,207 4,562 1,166 1,177 1,161 1,057 2,148 575 1,573 1,770 1,505
--growth y-o-y 8.8% 6.6% 5.0% 11.9% 9.8% 14.2% 112.4% 102.8% 124.0% 119.9% 103.6% 21.3% 18.1% 22.6% 17.6%
--growth q-o-q 0.6% -3.0% -72.1% 3.5% -0.9% 1.4% -45.9% 83.7% 9.4% -
--growth y-o-y 19.6% 4.6% 34.5% 20.3% 25.8% 15.0% 40.7% 33.6% 37.0% 41.9% 51.8% 48.3% 45.6% 49.3% 26.2%
--growth q-o-q -15.2% 7.7% -69.6% 7.8% 9.1% 0.7% -66.0% 25.2% 11.9% -
Opearating Expenses
Employees Cost 1,665 426 435 804 415 389 1,367 362 340 333 332 1,009 270 739 688 546
Other administrative Exps 1,153 389 276 487 263 225 1,060 297 294 250 219 802 222 580 620 476
Total Operating Expenses 2,817 815 711 1,291 677 614 2,427 660 634 582 551 1,811 492 1,319 1,308 1,022
--growth y-o-y 25.9% 13.7% 51.4% 20.6% 24.5% 16.9% 45.3% 31.9% 40.4% 49.5% 65.1% 54.2% 63.9% 50.3% 35.5%
--growth q-o-q -9.6% 17.6% -70.1% 4.2% 20.3% -3.3% -65.1% 17.5% 28.1% -

Others 3,907 1,594 1,069 1,244 395 849 1,393 827 295 146 125 735 153 582 374 88
Total 3,907 1,594 1,069 1,244 395 849 1,393 827 295 146 125 735 153 582 374 88
Profit Before tax 2,949 135 845 1,968 1,233 735 4,053 693 969 1,161 1,230 3,013 1,000 2,013 2,056 1,704
Income Tax 743 32 213 498 313 185 1,030 176 238 190 426 1,062 349 712 710 593
Net Profit 2,205 103 633 1,470 920 550 3,024 517 731 972 804 1,952 651 1,301 1,346 1,112
--growth y-o-y -27.1% -80.1% -13.5% -17.2% -5.3% -31.6% 54.9% -20.5% 120.7% 99.3% 66.8% 45.0% 67.8% 35.8% 21.0%
Paid up Equity Share Capital 1,611 1,611 1,610 1,610 1,610 1,610 1,610 1,610 1,610 1,610 1,610 1,193 1,193 1,193 1,193 1,095
Reserves 15,798 13,585 10,009 8,189 3,351
CET 1 22.5% 22.5% 22.2% 22.2% 22.2% 23.2% 25.2% 25.2% 23.1% 23.0% 25.8% 27.9% 27.9% 30.3% 24.8%
NIMs 7.8% 6.8% 8.3% 8.0% 8.2% 8.6% 8.1% 8.1% 7.9% 8.2% 10.5% 10.4% 10.7% 9.7% 10.4%
* Q1'20 onwards are post merger numbers

Bandhan Bank Ltd - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Q4' 19 9m' 19 Mar' 18 Mar' 17
Ratios
OPM@ 37.9% 31.4% 41.1% 39.3% 39.0% 39.7% 35.8% 35.9% 33.3% 35.2% 38.9% 40.4% 41.8% 39.9% 35.9% 35.3%
PBT/NII 39.0% 7.7% 40.8% 52.7% 64.1% 40.6% 64.1% 41.3% 62.9% 76.0% 78.1% 67.0% 79.5% 62.2% 67.8% 70.9%
Adj Book Value 90.3 90.3 106.2 101.9 103.2 97.4 91.9 91.9 84.7 82.8 76.7 92.0 92.0 89.2 77.2 40.5
Gross NPAs 5,758 5,758 859 874 874 1,007 993 993 1,182 1,064 1,020 820 820 831 373 86
Net NPAs 2,861 2,861 201 263 263 336 389 389 491 337 347 228 228 237 173 61
% of Gross NPAs 6.8% 6.8% 1.1% 1.2% 1.2% 1.4% 1.5% 1.5% 1.9% 1.8% 1.7% 2.0% 2.0% 2.4% 1.3% 0.5%
% of Net NPAs 3.5% 3.5% 0.3% 0.4% 0.4% 0.5% 0.6% 0.6% 0.8% 0.6% 0.6% 0.6% 0.6% 0.7% 0.6% 0.4%
Return on Assets 2.1% 0.1% 0.6% 1.5% 0.9% 0.6% 3.6% 0.6% 0.9% 1.2% 1.0% 4.2% 1.3% 0.7% 4.1% 4.5%
RoAE 13.5% 22.9% 19.0% 19.5% 28.6%
Coverage Ratio 50.3% 50.3% 76.6% 70.0% 70.0% 66.6% 60.8% 60.8% 58.4% 68.3% 65.9% 72.1% 72.1% 71.5% 53.7% 29.1%
Business
Advances 81,613 81,613 76,775 73,307 73,307 69,749 66,630 66,630 65,456 59,786 41,486 39,643 39,643 35,599 29,713 23,540
-- advances growth 22.5% 22.5% 17.3% 22.6% 22.6% 68.1% 68.1% 68.1% 83.9% 88.4% 27.3% 33.4% 33.4% 46.1% 26.2%
Deposits 77,972 77,972 71,188 66,128 66,128 60,602 57,082 57,082 54,908 49,195 43,701 43,232 43,232 34,639 33,869 23,230
-- deposit growth 36.6% 36.6% 29.6% 34.4% 34.4% 38.7% 32.0% 32.0% 58.5% 49.3% 42.3% 27.6% 27.6% 36.9% 45.8%
--Savings deposits 29,260 29,260 27,030 22,000 22,000 19,481 17,730 17,730 16,009 13,532 12,834 14,008 14,008 11,422 9,210 5,390
-- saving deposit growth 65.0% 65.0% 68.8% 62.6% 62.6% 51.8% 26.6% 26.6% 40.2% 34.4% 45.6% 52.1% 52.1% 65.1% 70.9%
--Current deposits 4,570 4,570 3,490 3,280 3,280 2,992 3,299 3,299 2,830 2,655 2,923 3,610 3,610 2,920 2,407 1,450
-- current deposit growth 38.5% 38.5% 23.3% 23.5% 23.5% 2.4% -8.6% -8.6% -3.1% 26.1% 41.1% 50.0% 50.0% 96.6% 66.0%
Casa 33,830 33,830 30,520 25,280 25,280 22,473 21,029 21,028 18,839 16,187 15,757 17,618 17,618 14,342 11,617 6,840

Others 2.7% 2.0% 2.0% 3.4% 2.7% 4.2% 3.7% 3.7% 3.4% 2.7% 5.0% 3.4% 3.9% 3.3% 7.2% 7.2%
othe income 16.8% 26.2% 16.7% 12.4% 11.9% 12.8% 14.2% 17.6% 13.2% 13.4% 12.6% 16.0% 21.2% 14.0% 14.7% 10.5%
Wages 13.3% 14.2% 13.1% 12.9% 13.0% 12.9% 12.6% 12.7% 12.5% 12.4% 12.6% 15.2% 14.7% 15.4% 14.3% 14.0%
PBT 23.5% 4.5% 25.6% 31.7% 38.6% 24.4% 37.2% 24.4% 35.7% 43.2% 46.7% 45.3% 54.6% 41.8% 42.8% 43.6%
Income Tax 5.9% 1.1% 6.4% 8.0% 9.8% 6.1% 9.5% 6.2% 8.8% 7.0% 16.2% 16.0% 19.0% 14.8% 14.8% 15.2%
PAT 17.6% 3.4% 19.1% 23.6% 28.8% 18.2% 27.8% 18.2% 26.9% 36.1% 30.5% 29.4% 35.5% 27.0% 28.0% 28.4%

Bandhan Bank INDUS EQUITY ADVISORS

900 92.2 100 400 50.0 162.5 180
338.3
800 350 45.0 160
89.3 80
700 40.0 140
68.1 300
600 35.0
120
293
60 250 210.3 30.0
500 45.8 100
176.2
400 200 25.0 69.8
32.0 36.6 40 60.9 80
33.4 150 116.2 20.0 51.7
177
300 26.2 60
22.5 15.0
140
200 27.6 100 68.4
20 40
46
10.0 19.4
36
33
92
124
121
232
297
339
396
432
666
816
780
235
571
24
100 26.1
21.6
29.4
34.3
40.8
36.8
43.4
15
50 5.0 20
54
2
- 0 INR Bn
24
INR Bn - - 0
FY16 FY17 FY18 FY19 FY20* FY21* %
FY16 FY17 FY18 FY19 FY20* FY21* FY16 FY17 FY18 FY19 FY20* FY21*
Loans Deposits
Loan Growth YoY (%) Deposit Growth YoY (%) SA CA CASA CASA Ratio (%) CASA YoY Gr. (%) (RHS)
Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity

70.0 8.0 80.0 5.0 4.47
72.1
6.8
7.0 70.0 4.5
60.0 60.8 4.0
6.0 60.0 53.7
50.0 50.3 3.5
5.0 50.0 45.5
3.0
40.0 4.0
40.0 2.5 1.93
3.5 3.0 29.1
30.0 2.0 2.0
30.0
1.3 1.5 2.0 1.5 1.15
20.0 20.0 0.85
0.5 0.6 0.6 1.0 1.0
0.2 0.1 0.6
10.0 10.0 0.27
28.6
0.4 0.14
57.6
- 0.5
0.1
1.7
3.9
0.6
2.3
0.2
0.9
3.7
8.2
9.9
- -1.0 - -
INR Bn FY16 FY17 FY18 FY19 FY20* FY21* FY16 FY17 FY18 FY19 FY20* FY21* FY16 FY17 FY18 FY19 FY20* FY21*
%
Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity
Calculated
Bandhan Bank INDUS EQUITY ADVISORS
35.0 8.5 12.0 70.0 35.0
7.4 7.4
7.2
30.0 6.6 7.5 58.0 30.0
6.5 10.0 60.0
30.3
6.5
25.0
27.9
25.0
26.7
8.0 50.0
25.2
5.5
24.8
20.0 4.6
20.0
22.5
4.5 6.0 36.3 35.0 40.0
15.0 32.6 30.8 15.0
3.5 29.1
10.0 4.0 30.0
2.5 10.0
5.0 1.5 2.0 20.0 5.0
29.0
26.4
31.5
29.2
27.4
23.5
2.8 11.1 13.5 19.5 30.2 22.1
- 0.5 11.0 10.4 9.7 10.4 8.1 7.8
- 10.0 -
FY16 FY17 FY18 FY19 FY20* FY21*
Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity

1,400 35.0 35.0 5.0 10.00
30.9 4.47 4.23
28.0 4.06 4.5
1,200 30.0 30.0
3.64 4.0 8.00
1,000 25.0 25.0 3.5
2.71 6.00
20.0 3.0
800 20.0
2.5
840
12.7 15.0 4.00

600 11.4 15.0 2.0
656
2.13
10.0 1.5
400 10.0 2.00
5.3 3.2 1.0
5.0
1,018
1,147
200 5.0 0.5

228
282
936
460
986
481
485
487
16.51 28.58 19.46 18.59 22.55 13.53 -
Nov-18
Nov-19
Nov-20
May-18
May-19
May-20
May-21
Feb-20
Feb-21
Feb-19
Aug-18
Aug-19
Aug-20
- - - -
Branches ATMs + Branches Gr. YoY % (RHS) RoE RoA (RHS)

Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity *Merged Entity Source: Company, Indus Equity
Bank of Baroda - Quarterly Financials

Income Statement
Fund based income
Int on bal with RBI and oth bnks 1,451 227 418 806 334 471 1,769 429 373 466 502 1,735 2,415 1,991 1,306 1,550
Others 1,915 575 423 917 489 429 2,004 514 543 499 448 1,063 1,744 2,089 2,194 910
--growth y-o-y -7.2% -10.8% -8.2% -4.7% -7.0% -2.4% 52.1% 40.4% 47.3% 59.6% 62.8% 14.5% 3.4% -4.2% 2.6% 10.3%
--growth q-o-q -4.6% -2.3% -3.1% -1.1% -1.9% -1.1% 1.7% 42.3%
Other Income 12,364 4,848 2,896 4,621 2,802 1,818 10,315 2,835 2,741 2,824 1,916 6,091 6,657 6,758 4,999 4,402
Total Income 82,860 21,533 20,392 41,032 20,720 20,312 86,301 21,533 21,809 22,098 20,861 56,065 50,306 48,958 49,060 47,366
--growth y-o-y -14% -20% -16% -11% -15% -6% 55% 44% 46% 61% 71% 11% -2% -8% 5% 10%
--growth q-o-q - 0.0 -4% - -11% -2% - 0.0 -3% -2% 51% - - - - -
--growth y-o-y 5% 5% 5% 6% 7% 5% 47% 34% 50% 56% 48% 20% 15% 6% -3% 10%
--growth q-o-q - 0.0 0% - 10% 0% - 0.0 1% 8% 28% - - - - -
Opearating Expenses
Employee Cost 11,446 3,125 3,050 4,792 2,550 2,242 9,877 1,954 2,967 2,681 2,274 5,322 4,607 4,638 4,978 4,261
--growth y-o-y 5% 22% 2% 3% 4% 1% 46% 33% 40% 73% 42% 12% 9% 24% -11% 6%
--growth q-o-q - 0.2 -9% - 29% -16% - 0.0 -7% 25% 11% - - - - -

Provision for NPA 12,408 4,593 2,080 5,735 2,277 3,458 16,404 3,191 6,621 3,425 3,168 12,193 14,212 7,679 13,766 3,997
Others 2,666 -1,007 1,355 2,895 724 2,170 5,089 3,654 535 784 117 596 584 823 1,748 497
Total 15,074 3,586 3,435 8,629 3,002 5,628 21,494 6,844 7,155 4,209 3,285 12,789 14,796 8,502 15,514 4,495
Exceptional Items 0 0 0 0 0 0 0 0
Profit Before tax 5,556 2,680 1,634 1,243 2,550 -1,307 -1,802 -1,723 -2,197 1,127 991 698 -2,791 2,472 -6,698 5,421
Income Tax 4,727 3,726 573 428 872 -444 -2,348 -2,230 -790 390 281 265 -359 1,089 -1,303 2,022
effective tax rate 85% 139% 35% 34% 34% 34% 130% 129% 36% 35% 28% 38% 13% 44% 19% 37%
Net Profit 829 -1,047 1,061 815 1,679 -864 546 507 -1,407 737 710 434 -2,432 1,383 -5,396 3,398
--growth y-o-y 52% -307% -175% -44% 128% -222% 26% -108% -399% 73% 34% -118% -276% -126% -259% -25%
Paid up Equity Share Capital 1,036 1,036 925 925 925 925 925 925 925 771 771 530 530 462 462 444
Reserves 70,833 64,851 6,870 4,956 40,897 39,708 36,265 35,611 38,404
Govt Holding 64.0% 64.0% 71.6% 71.6% 71.6% 71.6% 71.6% 71.6% 71.6% 69.2% 69.2% 63.7% 64.0% 59.2% 59.2% 57.5%
Earning per share 2.0 -2.0 11.5 1.8 3.6 -1.9 1.2 1.1 -15.2 1.9 1.8 -19.3 -8.8 6.0 -23.4 15.7
DPS 0.0 0.0 0.0 0.0 1.2 0.0 3.2
Dividend Payout 0.0% 0.0% 0.0% 0.0% 20.0% 0.0% 20.4%
Bank of Baroda - Quarterly Financials

Ratios
NII/Core Interest Income 41% 43% 43% 39% 42% 37% 36% 36% 37% 36% 34% 37% 36% 32% 29% 31%
Cost to Income Ratio 50% 48% 51% 48% 46% 50% 48% 47% 50% 46% 49% 46% 46% 46% 50% 44%
Provisioning/Pbtp 73% 57% 68% 87% 54% 130% 109% 134% 144% 79% 77% 95% 123% 77% 176% 45%
OPM@ 12% 8% 12% 14% 15% 14% 12% 12% 12% 13% 12% 15% 12% 10% 9% 13%
Other Income/Total Income 15% 23% 14% 11% 14% 9% 12% 13% 13% 13% 9% 11% 13% 14% 10% 9%
Adj Book Value 96.7 96.7 110.2 107.6 107.6 98.3 95.5 95.5 33.2 47.3 57.9 97.4 63.2 80.7 72.1 138.8
Gross NPAs 66,671 66,671 63,182 65,698 65,698 69,132 69,381 69,381 73,140 69,969 69,714 48,233 56,480 42,719 40,521 16,261
Net NPAs 21,800 21,800 16,668 16,795 16,795 19,450 21,577 21,577 26,504 24,894 25,030 15,610 23,483 18,080 19,406 8,069
% of Gross NPAs 8.9% 8.9% 8.5% 9.1% 9.1% 9.4% 9.4% 9.4% 10.4% 10.3% 10.3% 9.6% 12.3% 10.5% 10.0% 3.7%
% of Net NPAs 3.1% 3.1% 2.4% 2.5% 2.5% 2.8% 3.1% 3.1% 4.1% 3.9% 4.0% 3.3% 5.5% 4.7% 5.1% 1.9%
Return on Assets 0.1% -0.4% 0.4% 0.6% 0.6% -0.3% 0.1% 0.2% -0.5% 0.3% 0.5% -0.5% -1.8% 0.1% -1.9% 0.4%
RoAE 1.2% 1.0% 1.1% -6.3% 3.8% -14.4% 9.2%
Coverage Ratio 67.3% 67.3% 73.6% 74.4% 74.4% 71.9% 68.9% 68.9% 63.8% 64.4% 64.1% 67.6% 58.4% 57.7% 52.1% 50.4%
`@ Note: OPM Measures core margi, OPM= (NII - Op. Exp)/ Int. Income
Business 16,73,297 16,73,297 16,53,212 16,24,191 16,24,191 16,21,133 16,36,105 16,36,105 15,50,627 15,31,470 15,28,723 11,07,509 10,52,059 9,84,934 9,57,808 10,45,625
Advances 7,06,301 7,06,301 6,98,652 6,69,851 6,69,851 6,86,672 6,90,121 6,90,121 6,54,465 6,37,340 6,33,181 4,68,819 4,60,744 3,83,259 3,83,770 4,28,065
-- advances growth 2.3% 2.3% 6.8% 5.1% 5.1% 8.4% 47.2% 47.2% 45.9% 47.0% 52.8% 1.8% 20.2% -0.1% -10.3% 7.8%
Deposits 9,66,997 9,66,997 9,54,561 9,54,340 9,54,340 9,34,461 9,45,984 9,45,984 8,96,162 8,94,130 8,95,542 6,38,690 5,91,315 6,01,675 5,74,038 6,17,560
-- deposit growth 2.2% 2.2% 6.5% 6.7% 6.7% 4.3% 48.1% 48.1% 46.8% 47.3% 54.0% 8.0% -1.7% 4.8% -7.0% 8.6%
--Savings deposits 3,06,418 3,06,418 2,87,393 2,80,388 2,80,388 2,73,604 2,69,243 2,69,243 2,37,768 2,54,537 2,45,116 1,76,893 1,65,717 1,50,977 1,16,705 1,10,172
15.1% 15.1% 12.3% 11.3% 11.3% 12.8% 52.2% 52.2% 39.9% 50.5% 50.3% 6.7% 9.8% 29.4% 5.9% 14.2%
24.1% 24.1% 18.3% 15.9% 15.9% 6.6% 37.7% 37.7% 29.8% 27.0% 30.0% 1.8% 8.3% 22.8% -34.4% 5.5%
Casa 3,68,027 3,68,027 3,43,937 3,32,492 3,32,492 3,21,229 3,33,825 3,33,825 2,94,422 3,12,022 3,01,572 2,23,794 2,11,779 1,93,496 1,51,334 1,62,969
*from 1QFY21 onwards CASA is domestic
Others 2.7% 3.4% 2.4% 2.5% 2.7% 2.3% 2.6% 2.8% 2.8% 2.6% 2.4% 2.1% 4.0% 4.9% 5.0% 2.1%
Other Income 17.5% 29.1% 16.5% 12.7% 15.6% 9.8% 13.6% 15.2% 14.4% 14.7% 10.1% 12.2% 15.3% 16.0% 11.3% 10.2%
Wages 16.2% 18.7% 17.4% 13.2% 14.2% 12.1% 13.0% 10.5% 15.6% 13.9% 12.0% 10.6% 10.6% 11.0% 11.3% 9.9%
PBT 7.9% 16.1% 9.3% 3.4% 14.2% -7.1% -2.4% -9.2% -11.5% 5.8% 5.2% 1.4% -6.4% 5.9% -15.2% 12.6%
Income Tax 6.7% 22.3% 3.3% 1.2% 4.9% -2.4% -3.1% -11.9% -4.1% 2.0% 1.5% 0.5% -0.8% 2.6% -3.0% 4.7%
PAT 1.2% -6.3% 6.1% 2.2% 9.4% -4.7% 0.7% 2.7% -7.4% 3.8% 3.7% 0.9% -5.6% 3.3% -12.2% 7.9%

Bank of Baroda INDUS EQUITY ADVISORS

12,000 15.0 4,000 3,680 50.0 27.7 30.0
3,338 45.0
10,000 10.7 3,500 3,114 25.0
10.0 2,942 40.0
6.9 2,745
5.9 3,000
9,670
9,460
16.5 20.0
9,152
7.1 35.0
3,064
8,000
8,547
8,486
2,500 2,149
8,169
3.9 2.3 5.0 30.0
2,692
15.0
2,500
7,063
6,000
6,901
2,329
6,514 3.4 2,000 25.0
2.2
2,160
6,092
0.7 - 7.2 7.2 10.0

5,551
5,504
-0.8 1,500 20.0 5.8

4,000
1,672
15.0 5.0
646
613
614
-5.0
584
616
1,000
477
2,000 -5.0 10.0
-6.5 -2.7 -
26.3
32.3
34.4
34.0
35.3
42.9
500 5.0
- -10.0 INR- Bn - -5.0
FY16 FY17 FY18 FY19 FY20 FY21* FY16 FY17 FY18 FY19 FY20 FY21*
Loans Deposits
Source: Company, Indus Equity (merged entity) Source: Company, Indus Equity (merged entity) *Domestic CASA Deposits

800 12.0 90.0 81.3 81.8 4.00
10.0 77.7
700 80.0 3.50
9.4 68.9
8.8 8.9 10.0 66.8 67.2 66.0 67.3
70.0 3.49
600 58.4 3.00 3.33
7.4 57.7 3.13
7.0 8.0 60.0 52.152.1
500 2.50
50.0
400 6.0 2.00 2.45
40.0 2.08
300 3.5 3.9 1.50
3.3 3.7 30.0 1.78
3.1 3.1 4.0
200 1.00
20.0
2.0 0.50
100 10.0
194
235
238
216
218
181
405
427
565
699
694
667
- - - -
INR FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
%
GNPA NNPA GNPA % NNPA % PCR without Tech W/off (%) PCR with Tech W/off (%) Credit Cost (%)
Source: Company, Indus Equity (merged entity) Source: Company, Indus Equity (merged entity) Source: Company, Indus Equity (merged entity)
Bank of Baroda INDUS EQUITY ADVISORS
PAT and Asset growth NIMs and Cost to Income Ratio (%) Capital Ratios
20.0 8.5 3.0 54.0 16.0
7.0 52.0
7.5 14.0
- 6.2 2.5 50.3 52.0
6.5 49.9
12.0
-20.0 5.5 50.0
2.0 47.9
4.0 10.0
10.9
4.5 48.0
10.3
-40.0 45.9
9.4
45.9
9.2
3.0 1.5 8.0
9.0
9.0
3.5
46.0
-60.0 2.5 6.0
1.0
1.5 44.0
4.0
-80.0
-0.2 0.5 0.5 42.0
13.2
12.2
12.1
11.8
13.3
15.0
-59 13 -36 -83 5 8 2.0
-100.0 -0.5 2.05 2.19 2.43 2.64 2.73 2.71
FY16 FY17 FY18 FY19 FY20 FY21 - 40.0 -
FY16 FY17 FY18 FY19* FY20* FY21* FY16 FY17 FY18 FY19* FY20* FY21*
PAT (INRbn) Total Asset Gr. YoY (%) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)
Source: Company, Indus Equity (Merged entity) Source: Company, Indus Equity *Merged entity Source: Company, Indus Equity *Merged entity

16,000 15 10.0 2.0 1.40
10.7 0.20 1.0
0.06 0.07
14,000 0.06 1.20
10 5.0 -0.78 -
14,102
13,544
13,293
12,000
13,193
-1.0 1.00
12,097
5 -
11,633
10,000 3.2 1.6 -2.0 0.80

-0.34 -3.0
8,000 0 -5.0 0.60
-0.3 0.4 -4.0
6,000 1.18 0.40
-5 -7.64 -5.0
8,214
-10.0 1.23
4,000 -6.0 0.20
9,039
9,327
9,475
9,447
9,482
-10 -7.0
2,000 -15.0 -
-13.4 -17.64
-8.0
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
May-15
May-16
May-17
May-18
May-20
May-21
May-19
Jan-16
Jan-17
Jan-18
Jan-19
Jan-21
Jan-20
- -15 4.53 1.20
-20.0 -9.0
FY16 FY17 FY18 FY19 FY20* FY21*
Branches ATMs Branches Gr. YoY % (RHS) Avg PB PB -1SD +1SD -2SD +2SD
RoE RoA (RHS)
Source: Company, Indus Equity (merged entity) Source: Company, Indus Equity *Merged entity Source: Company, Indus Equity
Bank of India - Quarterly Financials

Income Statement
Fund based income
Interest on bal with RBI and other banks 1,142 179 320 643 262 381 2,432 486 595 649 702 2,838 2,732 2,012 2,280 2,143
Others 503 49 56 399 340 58 413 65 195 79 74 707 891 1,031 297 209
--growth y-o-y -4.1% -11.4% -5.5% 0.2% 1.3% -0.9% 3.9% -2.6% 6.5% 9.1% 3.2% 7.1% -3.1% -6.2% -3.5% 14.6%
--growth q-o-q - -8.9% -5.1% - 5.5% -2.8% - -2.8% 1.7% 3.2% -4.5% - - - - -
Other Income 7,441 2,053 2,068 3,320 1,613 1,707 6,713 1,688 2,503 1,327 1,195 5,009 5,734 6,772 3,550 4,233
Total Income 48,041 11,380 12,311 24,350 12,409 11,942 49,066 12,216 13,338 11,986 11,527 45,776 43,805 46,063 45,449 47,663
--growth y-o-y -2.8% -5.1% -3.2% -1.5% -1.7% -1.4% -0.1% -0.5% -1.8% -0.7% 2.8% -1.7% 0.4% -8.7% -6.3% 18.5%
--growth q-o-q - -1.7% -2.7% - -1.0% 0.3% - 0.3% -1.2% -0.7% 1.1% - - - - -
--growth y-o-y -6.5% -22.6% -9.2% 3.4% 6.5% -0.1% 11.7% -6.2% 23.6% 31.9% 3.9% 30.0% -11.2% 0.0% 4.3% 4.7%
--growth q-o-q - -21.5% -9.1% - 18.2% -8.2% - -7.9% 6.7% 10.8% -13.8% - - - - -
Opearating Expenses
Employee Cost 6,473 1,663 1,856 2,953 1,503 1,451 6,141 1,673 1,454 1,607 1,407 6,021 4,903 5,397 5,357 4,986
Other administrative Exps 4,366 1,231 1,115 2,019 1,126 893 4,310 1,155 1,032 1,121 1,001 4,553 4,198 3,469 3,984 3,103
--growth y-o-y -5.6% -21.0% -31.4% 25.6% 25.9% 25.2% 42.3% 15.2% 81.9% 49.4% 21.5% 13.4% -26.6% 61.3% -19.4% -11.1%
--growth q-o-q - -26.1% -8.5% - 8.9% 7.2% - -35.8% 68.1% 8.3% -1.4% - - - - -

Provision for NPA 6,613 3,089 623 2,900 2,134 767 14,415 7,316 3,774 1,452 1,873 15,770 15,095 11,672 14,102 5,227
Others 1,023 -1,258 1,357 924 178 745 1,706 826 1,239 600 39 1,036 15,772 12,105 13,826 5,693
Total 7,636 1,831 1,980 3,824 2,312 1,512 16,121 8,142 4,015 2,052 1,912 16,806 30,868 23,777 27,928 10,920
Profit Before tax 3,237 263 856 2,118 785 1,332 -4,603 -5,489 120 408 359 -8,713 -23,729 -14,045 -21,893 -3,432
Income Tax 1,076 13 315 748 260 489 -1,646 -1,918 14 141 117 -3,167 -2,590 -814 -1,702 86
effective tax rate 33.3% 5.0% 36.8% 35.3% 33.1% 36.7% 35.8% 34.9% 11.8% 34.6% 32.5% 36.3% 10.9% 5.8% 7.8% -2.5%
Net Profit 2,160 250 541 1,369 526 844 -2,957 -3,571 106 266 243 -5,547 -21,139 -13,230 -20,191 -3,519
Paid up Equity Share Capital 3,278 3,278 3,278 3,278 3,278 3,278 3,278 3,278 3,278 3,278 3,278 2,760 1,744 1,055 817 666
Reserves 36,156 34,216 32,648 28,248 24,023 28,272 25,828
Govt Holding 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 89.1% 87.1% 83.1% 73.7% 68.0% 64.4%
Capital Adequacy Ratio (Basel II) 14.9% 14.9% 12.5% 12.8% 12.8% 12.8% 13.1% 13.1% 14.2% 14.1% 14.4% 14.2% 12.9% 7.2% 12.1% 11.4%
Earning per share 6.6 0.8 1.6 4.2 1.6 2.6 -9.0 -10.9 0.3 0.8 0.7 -20.1 -121.2 -125.4 -247.0 -52.9
DPS 0.0 0.0 0.0 0.0 0.0 0.0 5.0
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -9.5%
Bank of India - Quarterly Financials

Ratios
OPM@ 8.5% 0.4% 7.5% 12.5% 13.8% 11.1% 11.3% 9.2% 15.1% 10.6% 10.4% 7.6% 3.7% 7.5% 5.9% 7.5%
Adj Book Value 82.9 82.9 92.5 86.7 86.7 76.5 70.7 70.7 50.1 51.2 51.5 59.0 10.2 -2.1 13.4 194.9
Gross NPAs 56,535 56,535 54,997 56,232 56,232 57,788 61,550 61,550 61,731 61,476 62,068 60,661 62,328 52,045 49,879 22,193
Net NPAs 12,262 12,262 9,077 10,444 10,444 13,275 14,320 14,320 20,113 19,646 19,288 19,119 28,207 25,305 27,996 13,518
% of Gross NPAs 13.8% 13.8% 13.3% 13.8% 13.8% 13.9% 14.8% 14.8% 16.3% 16.3% 16.5% 15.8% 16.6% 13.2% 13.1% 5.4%
% of Net NPAs 3.4% 3.4% 2.5% 2.9% 2.9% 3.6% 3.9% 3.9% 6.0% 5.9% 5.8% 5.6% 8.3% 6.9% 7.8% 3.4%
Return on Assets 0.3% 0.1% 0.3% 0.4% 0.3% 0.5% -0.4% -2.0% 0.1% 0.2% 0.1% 0.8% -0.9% -0.2% -0.9% 0.3%
RoAE 5.6% - -8.1% -17.0% -76.8% -48.8% -72.7% -13.6%
Coverage Ratio 78.3% 78.3% 83.5% 81.4% 81.4% 77.0% 76.7% 76.7% 67.4% 68.0% 68.9% 68.5% 54.7% 51.4% 43.9% 39.1%
Business 9,92,800 9,92,800 9,80,590 9,69,296 9,69,296 9,65,850 9,24,388 9,24,388 8,58,800 8,52,838 8,45,204 8,61,868 8,96,849 9,33,820 8,94,667 9,43,633
Advances 3,65,687 3,65,687 3,68,711 3,61,767 3,61,767 3,70,615 3,68,883 3,68,883 3,36,661 3,34,800 3,32,967 3,41,006 3,75,995 3,93,788 3,81,662 4,11,726
-- advances growth -0.9% -0.9% 9.5% 8.1% 8.1% 11.3% 8.2% 8.2% -9.7% -11.0% -8.5% -9.3% -4.5% 3.2% -7.3% 11.1%
Deposits 6,27,114 6,27,114 6,11,879 6,07,529 6,07,529 5,95,235 5,55,505 5,55,505 5,22,138 5,18,037 5,12,237 5,20,862 5,20,854 5,40,032 5,13,005 5,31,907
-- deposit growth 12.9% 12.9% 17.2% 17.3% 17.3% 16.2% 6.7% 6.7% 1.4% 1.2% -0.5% 0.0% -3.6% 5.3% -3.6% 11.5%
14.4% 14.4% 13.2% 14.1% 14.1% 14.8% 8.4% 8.4% 8.3% 7.1% 7.6% 7.6% 2.9% 31.9% 12.5% 10.6%
8.1% 8.1% 5.1% 5.8% 5.8% 16.9% 11.5% 11.5% 17.7% 12.2% -2.9% -8.7% 8.9% 20.9% 8.0% -1.8%
Casa 2,24,669 2,24,669 2,14,827 2,07,280 2,07,280 2,07,370 1,97,750 1,97,750 1,91,735 1,83,398 1,80,186 1,81,765 1,72,787 1,66,609 1,27,924 1,14,386

Fund Based Income
Others 1.2% 0.5% 0.5% 1.9% 3.2% 0.6% 1.0% 0.6% 1.8% 0.7% 0.7% 1.7% 2.3% 2.6% 0.7% 0.5%
other income 18.3% 22.0% 20.2% 15.8% 14.9% 16.7% 15.9% 16.0% 23.1% 12.5% 11.6% 12.3% 15.1% 17.2% 8.5% 9.7%
Wages 15.9% 17.8% 18.1% 14.0% 13.9% 14.2% 14.5% 15.9% 13.4% 15.1% 13.6% 14.8% 12.9% 13.7% 12.8% 11.5%
PBT 8.0% 2.8% 8.4% 10.1% 7.3% 13.0% -10.9% -52.1% 1.1% 3.8% 3.5% -21.4% -62.3% -35.7% -52.3% -7.9%
Income Tax 2.7% 0.1% 3.1% 3.6% 2.4% 4.8% -3.9% -18.2% 0.1% 1.3% 1.1% -7.8% -6.8% -2.1% -4.1% 0.2%
PAT 5.3% 2.7% 5.3% 6.5% 4.9% 8.2% -7.0% -33.9% 1.0% 2.5% 2.3% -13.6% -55.5% -33.7% -48.2% -8.1%

Bank of India INDUS EQUITY ADVISORS

7,000 12.9 15.0 2,500 2,247 40.0 35.0
30.2
6,000 1,978 35.0 30.0
8.2 10.0 1,818
5.3 2,000 1,728
5,000 1,666 30.0
25.0
1,965
6.7 5.0
25.0
1,717
4,000 0.0 1,500 1,279
20.0
1,584
3.2 -
1,472
20.0
1,431
-3.6 -3.6 13.6
3,000 15.0
-0.9 1,000 15.0
1,085
-4.5 -5.0 8.8
2,000 -7.3 -9.3 11.8 10.0
10.0 3.7 5.2
282
260
256
235
234
194
500
3,817
5,130
3,938
5,400
3,760
5,209
3,410
5,209
3,689
5,555
3,657
6,271
1,000 -10.0
5.0
24.9
30.9
33.2
34.9
35.6
35.8
5.0
- -15.0 INR- Bn - -
Loans Deposits

700 16.6 18.0 100.0 5.00
15.8 86.2
14.8 16.0 90.0 83.8 4.50
600 13.8 77.0 76.7 78.3
13.1 13.2 80.0 4.00 4.40
14.0 68.5
500 70.0 65.9 4.06
61.5 3.50 3.92
12.0
60.0 54.7 3.00 3.55
400 51.1 51.4
8.3 10.0
7.8 50.0 43.9 2.50 3.01
300 6.9 8.0 40.0 2.00
5.6
6.0 30.0 1.50
200 3.9 3.4 1.80
4.0 20.0 1.00
100 10.0
280
253
282
191
143
123
2.0 0.50
499
520
623
607
615
565
- - - -
%
Bank of India INDUS EQUITY ADVISORS
50.0 1.80 2.0 3.1 70.0 16.0
60.7
1.8 2.9 14.0
1.57 1.57 56.0 56.6 60.0
-
1.6
2.7 49.9 12.0
1.31 47.7 47.6
1.4 50.0
11.5
-50.0 1.16 2.5 10.0
11.0
1.2
9.9
0.98
2.3 40.0 8.0
-100.0 1.0
8.0
7.9
7.2
0.8 2.1 6.0
30.0
-150.0
0.6 1.9 4.0
0.4 20.0
12.1
12.9
14.2
13.1
14.9
-200.0 1.7 2.0
7.2
-202 -132 -211 -55 -30 22
0.2 2.11 2.20 1.92 2.93 2.93 2.48
1.5 10.0 -
-250.0 FY16 FY17 FY18 FY19 FY20 FY21 - FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21

9,000 3.0 15.0 0.4 1.20
0.28
8,000 2.5 10.0
2.5 0.2 1.00
5.0
7,807
7,717
7,000 -
7,423
2.1 2.0 - -0.24 0.80

6,000
-0.2
6,154
1.5 -5.0
-0.43
5,750
5,000 0.60
5,551
-10.0 -0.4
4,000 1.0 -15.0 -0.6 0.40
3,000 -0.84
0.1 0.5 -20.0
-0.94 -0.91 -0.8 0.20
2,000 -25.0
5,016
5,123
5,127
5,117
5,106
5,107
0.0 -
1,000 -30.0 -1.0 -
-25.39 -7.78 -31.07 -24.57 -12.41 9.38
Feb-16
Feb-17
Feb-18
Feb-19
Feb-20
Feb-21
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Jun-15
Jun-16
Jun-17
Jun-18
Jun-19
Jun-20
Jun-21
- -0.2 -0.2 -0.5 -35.0 -1.2
Bank of Maharashtra - Quarterly Financials
Income Statement
Fund based income
Income on Investments 4,153 1,074 1,032 2,048 1,051 997 4,203 989 1,098 1,088 1,028 3,690 2,962 2,829 2,735 2,751
Others 246 115 42 89 43 46 643 153 181 138 171 237 472 361 331 36
--growth y-o-y 3% 10% 0% 2% -1% 4% 6% 1% 14% 4% 5% -2% -8% -8% 3% 6%
--growth q-o-q - 0.0 5% - -1% 3% - -0.1 4% 5% 0% - - - - -
Other Income 2,625 1,235 570 820 451 369 1,649 392 442 396 419 1,547 1,506 1,508 1,019 1,006
Total Income 14,494 4,333 3,577 6,584 3,319 3,265 13,145 3,198 3,459 3,296 3,192 12,397 12,602 13,570 14,072 13,671
--growth y-o-y -3% -4% -7% -1% -4% 2% 1% 0% 3% 2% 0% -8% -13% -3% 4% 4%
--growth q-o-q - 0.0 -3% - -3% 1% - 0.0 0% 3% 0% - - - - -
Net Interest Income 4,897 1,383 1,306 2,208 1,120 1,088 4,279 1,023 1,186 1,073 997 3,733 3,390 3,175 3,879 3,875
--growth y-o-y 14% 35% 10% 7% 4% 9% 15% 2% 36% 7% 16% 10% 7% -18% 0% 10%
--growth q-o-q - 0.1 17% - 3% 6% - -0.1 11% 8% 0% - - - - -
Opearating Expenses
Employee Cost 2,255 694 624 937 451 486 1,744 481 436 397 430 1,794 1,618 1,808 1,541 1,633
Other administrative Exps 1,310 384 350 575 315 260 1,337 339 350 320 328 1,289 1,086 1,048 1,012 893
Total Operating Expenses 3,565 1,079 974 1,512 766 746 3,081 819 787 717 758 3,083 2,704 2,856 2,553 2,526
Profit before Tax and Provisions (Pbtp) 3,958 1,540 902 1,516 806 710 2,847 595 842 752 658 2,198 2,191 1,827 2,345 2,355
--growth y-o-y 39% 159% 7% 7% 7% 8% 30% 19% 95% -5% 40% 0% 20% -22% 0% 17%
--growth q-o-q - 0.7 12% - 13% 19% - -0.3 12% 14% 31% - - - - -

Provision for NPA 2,214 1,376 386 452 43 409 2,953 717 794 404 1,037 7,227 5,331 3,800 2,110 0
Others 761 -66 112 715 515 200 155 193 123 -45 -117 100 126 170 -183 1,542
Total 2,975 1,311 498 1,166 557 609 3,107 910 917 359 921 7,327 5,457 3,970 1,927 1,542
Profit Before tax 983 229 404 350 249 101 -260 -315 -76 393 -262 -5,129 -3,266 -2,143 418 813
Income Tax 433 64 250 119 118 0 -649 -373 -211 278 -343 -345 -2,120 -771 317 363
effective tax rate 44% 28% 62% 34% 48% 0% 249% 118% 279% 71% 131% 7% 65% 36% 76% 45%
Net Profit 550 165 154 231 130 101 389 58 135 115 81 -4,784 -1,146 -1,373 101 451
--growth y-o-y 42% 187% 14% 18% 13% 25% -108% -20% -104% 325% -107% 318% -17% -1463% -78% 17%
--growth q-o-q - 0.1 18% - 29% 75% - -0.6 18% 41% 12% - - - - -
Reserves 4,400 3,762 3,667 1,613 6,216 5,005 6,323 5,988
Govt Holding 93.3% 93.3% 93.3% 93.3% 93.3% 92.5% 92.5% 92.5% 92.5% 92.5% 92.5% 87.7% 87.0% 81.6% 81.6% 79.8%
Earning per share 0.8 0.3 0.2 0.4 0.2 0.2 0.7 0.1 0.2 0.2 0.1 -17.4 -4.4 -11.8 0.9 4.2
DPS 0.0 0.0 0.0 0.0 0.0 0.8
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 18.9%
Bank of Maharashtra - Quarterly Financials
Ratios
OPM@ 11.2% 9.8% 11.0% 12.1% 12.4% 11.8% 10.4% 7.2% 13.2% 12.3% 8.6% 6.0% 6.2% 2.6% 10.2% 10.7%
Adj Book Value 12.8 12.8 12.2 11.0 11.0 10.2 9.2 9.2 5.6 5.5 4.6 -0.7 -3.2 -43.3 5.6 27.5
Gross NPAs 7,780 7,780 8,072 9,110 9,110 10,559 12,152 12,152 15,746 15,409 16,650 15,324 18,433 17,189 10,386 6,402
Net NPAs 2,544 2,544 2,580 3,220 3,220 3,677 4,145 4,145 4,507 4,407 4,856 4,559 9,641 11,230 6,832 4,127
% of Gross NPAs 7.2% 7.2% 7.7% 8.8% 8.8% 10.9% 12.8% 12.8% 16.8% 16.9% 17.9% 16.4% 19.5% 16.9% 9.3% 6.3%
% of Net NPAs 2.5% 2.5% 2.6% 3.3% 3.3% 4.1% 4.8% 4.8% 5.5% 5.5% 6.0% 5.5% 11.2% 11.8% 6.4% 4.2%
Return on Assets 0.3% 0.4% 0.3% 0.3% 0.3% 0.2% 0.2% 0.1% 0.3% 0.3% 0.2% -3.0% -0.7% -0.9% 0.1% 0.3%
RoAE 5.4% 5.6% -72.6% -15.3% -20.1% 1.4% 7.1%
Coverage Ratio 67.3% 67.3% 68.0% 64.7% 64.7% 65.2% 65.9% 65.9% 71.4% 71.4% 70.8% 70.2% 47.7% 34.7% 34.2% 35.5%
Business 2,76,411 2,76,411 2,61,371 2,56,137 2,56,137 2,42,727 2,36,938 2,36,938 2,24,604 2,21,822 2,20,180 2,23,352 2,33,626 2,40,590 2,50,230 2,20,718
Advances 1,02,405 1,02,405 99,401 97,511 97,511 89,740 86,871 86,871 82,618 80,382 81,239 82,702 94,645 1,01,537 1,11,240 98,599
-- advances growth 17.9% 17.9% 20.3% 21.3% 21.3% 10.5% 5.0% 5.0% -7.8% -2.4% -3.3% -12.6% -6.8% -8.7% 12.8% 10.9%
Deposits 1,74,006 1,74,006 1,61,971 1,58,626 1,58,626 1,52,987 1,50,066 1,50,066 1,41,986 1,41,440 1,38,941 1,40,650 1,38,981 1,39,053 1,38,990 1,22,119
-- deposit growth 16.0% 16.0% 14.1% 12.2% 12.2% 10.1% 6.7% 6.7% 4.4% 4.4% 2.6% 1.2% -0.1% 0.0% 13.8% 4.6%
23.4% 23.4% 19.9% 18.2% 18.2% 14.8% 8.6% 8.6% 5.5% 6.6% 4.8% 3.1% 7.3% 31.0% 14.6% 8%
28.9% 28.9% 25.3% 17.1% 17.1% 8.0% 27.9% 27.9% 15.3% 18.1% 14.4% -4.3% 1.9% -4.9% 6.3% 7%
Casa 93,945 93,945 82,452 80,125 80,125 75,824 75,475 75,475 68,246 67,891 66,692 67,512 66,346 62,419 50,967 45,297

Others 2.1% 3.7% 1.4% 1.5% 1.5% 1.6% 5.6% 5.4% 6.0% 4.7% 6.2% 2.2% 4.3% 3.0% 2.5% 0.3%
Other income 22.1% 39.9% 19.0% 14.2% 15.7% 12.7% 14.3% 14.0% 14.7% 13.6% 15.1% 14.3% 13.6% 12.5% 7.8% 7.9%
Wages 19.0% 22.4% 20.7% 16.3% 15.7% 16.8% 15.2% 17.1% 14.5% 13.7% 15.5% 16.5% 14.6% 15.0% 11.8% 12.9%
Provisions and contingencies 6.4% -2.1% 3.7% 12.4% 17.9% 6.9% 1.3% 6.9% 4.1% -1.5% -4.2% 0.9% 1.1% 1.4% -1.4% 12.2%
PBT 8.3% 7.4% 13.5% 6.1% 8.7% 3.5% -2.3% -11.2% -2.5% 13.5% -9.5% -47.3% -29.4% -17.8% 3.2% 6.4%
Income Tax 3.6% 2.1% 8.3% 2.1% 4.1% 0.0% -5.6% -13.3% -7.0% 9.6% -12.4% -3.2% -19.1% -6.4% 2.4% 2.9%
PAT 4.6% 5.3% 5.1% 4.0% 4.5% 3.5% 3.4% 2.1% 4.5% 4.0% 2.9% -44.1% -10.3% -11.4% 0.8% 3.6%

Bank of Maharashtra INDUS EQUITY ADVISORS

2,000 17.9 20.0 1,000 939 60.0 30.0
13.8 16.0 900
15.0 24.5
12.8 729 50.0 22.5 25.0
800
1,500 663 675
6.7 10.0 700 624
754
40.0 20.0
5.0 5.0 600 510
-0.1 1.2
606
1,000 0.0 500 30.0 15.0
563
546
-
509
400
20.0 12.5 6.3 8.1 10.0
-6.8 -5.0
388
185
500 -8.7 300
1.8
123
121
118
115
113
1,112
1,390
1,015
1,391
1,390
1,407
1,501
1,024
1,740
-10.0 200 10.0 5.0
946
827
869
36.7
44.9
47.7
48.0
48.6
54.0
100
- -12.6 -15.0 - - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

200 25.0 100.0 9.00
89.9
180 90.0 81.5 84.0 8.00
19.5
160 20.0 80.0 8.15
16.9 70.2 7.00
65.9 67.3
140 16.4 70.0
58.7 6.00
120 12.8 15.0 60.0
47.7 5.00
9.3 11.8 11.2 50.0 45.1 44.5 5.43
100
34.7 4.00
80 10.0 40.0 34.2
6.4 7.2 3.00
60 30.0 3.57 3.48
5.5 4.8
20.0 2.00
40 2.5 5.0 2.34
1.00 2.01
112
10.0
104
184
153
122
172
20
68
96
41
25
46
78
- - - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
%
Bank of Maharashtra INDUS EQUITY ADVISORS
10.0 2.5 3.1 70.0 16.0
2.17 61.0
- 2.9 58.4 14.0
2.0 55.2 60.0
1.53 1.71 52.1 52.0
-10.0 2.7 12.0
47.4
1.39 1.37 50.0
1.14 1.5 2.5 10.0
11.0
10.7
-20.0
9.9
2.3 40.0 8.0
9.0
-30.0 1.0
7.9
7.3
2.1 6.0
-40.0 30.0
0.5 1.9 4.0
-50.0 20.0
12.2
11.2
11.0
11.9
13.5
14.5
1.0 -13.7 -11.5 -47.8 3.9 5.5 1.7 2.0
-60.0 - 2.6 2.2 2.3 2.5 2.6 2.8
1.5 10.0 -

1,920 0.8 1.0 50.0 1.0 1.80
0.23 0.5 1.60
1,900 0.1 0.1 0.5
- 1.40
- 0.3 -
1,880 1.20
-0.8 0.07 -0.73
-0.5 -50.0 -0.5
1,878
1,860 1.00
1868
-1.0 -1.0
1,861
0.80
1,858
1,840 -100.0 -0.86

1,851
-1.5 -1.5 0.60

1,820 0.40
-2.0 -150.0 -2.0
-2.7
1,895
1,897
1,832
1,833
-3.01 0.20
1846
1,800 -2.5 -2.5

-200.0 1.39 -24.92 -42.43 6.32 8.24 -
1,780 -3.0 -3.0
Aug-15
Aug-16
Aug-17
Aug-19
Aug-20
Aug-18
Apr-15
Apr-16
Apr-17
Apr-18
Apr-19
Apr-20
Apr-21
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY21
-250.0 -207.99 -3.5
Canara Bank - Quarterly Financials

Income Statement
Fund based income

Interest on bal with RBI and other banks 1,852 472 389 990 368 622 1,400 393 335 393 280 828 647 768 880 760
Others 124 35 21 68 44 24 123 42 25 27 29 726 1,097 322 207 0
--growth y-o-y 41.5% 35.4% 39.9% 45.2% 42.7% 47.8% 4.5% -0.8% 0.9% 11.4% 7.4% 13.5% -0.3% -6.0% 0.6% 10.6%
--growth q-o-q - -5.2% -2.7% - -2.0% 49.7% - -2.0% -0.8% 1.6% 0.5% - - - - -
Other Income 15,285 5,207 4,274 5,805 3,155 2,650 7,813 2,175 1,707 2,070 1,862 6,575 6,943 7,554 4,875 4,550
Total Income 84,525 21,523 21,480 41,523 20,837 20,686 56,748 14,222 14,002 14,462 14,062 53,385 48,195 48,942 48,897 48,300
--growth y-o-y 26.2% 22.9% 25.6% 28.0% 22.9% 33.3% 10.8% 1.0% 5.8% 18.1% 19.8% 11.2% -7.7% -8.0% 0.5% 11.4%
--growth q-o-q - -3.6% -2.3% - -4.6% 36.8% - -1.5% -4.3% 3.4% 3.7% - - - - -
--growth y-o-y 83.3% 68.4% 77.0% 94.5% 101.2% 88.1% -9.4% -5.2% -9.9% -4.6% -16.5% 19.0% 23.2% 1.1% 1.0% 8.0%
--growth q-o-q - -8.1% -3.4% - 3.3% 83.7% - -3.4% 9.8% -3.4% -7.4% - - - - -
Opearating Expenses
Employees Cost 12,690 3,266 3,184 6,240 3,202 3,037 6,853 2,175 1,597 1,521 1,560 5,675 5,444 4,915 4,446 4,274
--growth y-o-y 113.8% 179.4% 130.5% 79.1% 82.3% 75.6% -11.6% -31.4% -1.0% 9.3% -16.8% 10.9% 7.1% 24.7% 2.8% 2.3%
--growth q-o-q - 6.0% 16.0% - 8.3% 110.0% - -12.6% -8.3% 4.3% -17.9% - - - - -

Provision for NPA 14,168 4,428 2,658 7,083 3,533 3,550 10,655 4,875 1,201 2,296 2,283 12,723 14,883 7,438
Others 2,134 -293 1,667 760 484 276 460 500 602 -258 -384 195 1,226 -166 10,332 3,453
Total 16,302 4,134 4,325 7,843 4,017 3,826 11,115 5,375 1,803 2,038 1,899 12,918 16,109 7,272 10,332 3,453
Profit Before tax 3,707 1,568 1,057 1,082 623 459 -1,756 -3,335 531 507 541 -2,327 -6,561 1,642 -3,186 3,498
Income Tax 1,150 558 361 231 179 53 480 -75 202 142 212 -2,674 -2,339 520 -373 795
effective tax rate 31.0% 35.5% 34.1% 21.4% 28.7% 11.5% -27.4% 2.3% 38.0% 28.0% 39.2% 114.9% 35.6% 31.7% 11.7% 22.7%
Net Profit 2,558 1,011 696 851 444 406 -2,236 -3,259 330 365 329 347 -4,222 1,122 -2,813 2,703
--growth y-o-y -214.4% -131.0% 111.2% 22.6% 21.8% 23.5% -744.3% 491.0% 3.8% 21.8% 16.9% -108.2% -476.3% -139.9% -204.1% 10.8%
--growth q-o-q - 45.2% 56.6% - 9.4% -112.5% - -1088.8% -9.7% 10.9% -159.7% - - - - -
Paid up Equity Share Capital 1,647 1,647 1,647 1,454 1,454 1,454 1,030 1,030 1,030 753 753 753 733 597 543 475
Reserves 48,954 1,806 193 31,930 6,294 28,976 28,347 27,715 25,616 25,978
Govt Holding 69.3% 69.3% 69.3% 78.6% 78.6% 78.6% 78.5% 78.5% 78.5% 70.6% 70.6% 70.6% 72.6% 66.3% 66.3% 69.9%
Earning per share 15.5 6.1 4.2 5.9 3.1 2.8 -21.7 -31.6 3.2 4.8 4.4 4.6 -57.6 18.8 -51.8 56.9
DPS 0.0 0.0 0.0 0.0 1.0 0.0 10.5
Dividend Payout 0.0% 0.0% 0.0% 0.0% 5.3% 0.0% 18.5%
Canara Bank - Quarterly Financials

Ratio
OPM@ 6.8% 3.0% 6.4% 8.7% 8.4% 9.1% 3.2% -1.1% 5.1% 3.8% 4.7% 8.6% 6.3% 3.3% 5.2% 5.5%
Adj Book Value 158.9 158.9 111.4 90.6 90.6 64.9 142.8 142.8 94.1 110.6 91.7 89.9 7.3 111.6 98.1 372.8
Gross NPAs 60,288 60,288 49,789 53,438 53,438 57,526 37,041 37,041 36,645 38,711 39,399 39,224 47,468 34,202 31,638 13,040
Net NPAs 24,442 24,442 16,774 21,063 21,063 24,355 18,251 18,251 21,338 22,090 23,150 22,955 28,542 21,649 20,833 8,740
Restructured Account 22,715 22,715 22,715 22,715 22,999 22,715 18,534 21,562 23,227 28,371
% of Gross NPAs 8.9% 8.9% 7.5% 8.2% 8.2% 8.8% 8.2% 8.2% 8.4% 8.7% 8.8% 8.8% 11.8% 9.6% 9.4% 3.9%
% of Net NPAs 3.8% 3.8% 2.6% 3.4% 3.4% 4.0% 4.2% 4.2% 5.1% 5.2% 5.4% 5.4% 7.5% 6.3% 6.4% 2.7%
Return on Assets 0.2% 0.4% 0.2% 0.2% 0.2% 0.2% -0.3% -1.9% 0.2% 0.2% 0.2% 0.1% 0.0% 0.2% -2.9% 0.5%
RoAE 6.1% -7.1% 1.2% -14.7% 4.1% -10.7% 10.7%
Coverage Ratio 59.5% 59.5% 66.3% 60.6% 60.6% 57.7% 50.7% 50.7% 41.8% 42.9% 41.2% 41.5% 39.9% 36.7% 34.2% 33.0%
Business 16,49,924 16,49,924 16,07,267 15,65,069 15,65,069 15,26,738 10,57,526 10,57,526 10,47,848 10,38,755 10,43,442 10,26,760 9,06,475 8,37,284 8,04,507 8,03,876
Advances 6,39,049 6,39,049 6,34,246 6,16,302 6,16,302 6,17,168 4,32,175 4,32,175 4,22,608 4,29,319 4,32,768 4,27,727 3,81,703 3,42,009 3,24,715 3,30,036
-- advances growth 3.6% 3.6% 5.2% 2.3% 2.3% 3.3% 1.0% 1.0% 1.3% 4.8% 12.0% 12.1% 11.6% 5.3% -1.6% 9.6%
Deposits 10,10,875 10,10,875 9,73,021 9,48,767 9,48,767 9,09,570 6,25,351 6,25,351 6,25,240 6,09,436 6,10,674 5,99,033 5,24,772 4,95,275 4,79,792 4,73,840
-- deposit growth 11.5% 11.5% 7.8% 9.9% 9.9% 4.6% 4.4% 4.4% 8.6% 10.4% 14.5% 14.2% 6.0% 3.2% 1.3% 12.6%
12.6% 12.6% 13.8% 13.4% 13.4% 14.0% 12.0% 12.0% 6.1% 4.6% 5.0% 6.7% 11.7% 22.6% 10.7% 9.5%
21.9% 21.9% 22.0% 22.2% 22.2% 30.2% 13.7% 13.7% -2.4% 40.0% -12.8% -6.8% 10.6% 13.9% -0.1% 11.8%
Casa 3,30,656 3,30,656 3,10,156 2,98,529 2,98,529 2,94,326 1,96,207 1,96,207 1,82,863 1,85,734 1,70,319 1,74,809 1,67,035 1,49,749 1,23,542 1,13,532

Others 0.2% 0.2% 0.1% 0.2% 0.2% 0.1% 0.3% 0.3% 0.2% 0.2% 0.2% 1.5% 2.7% 0.8% 0.5% 0.0%
other income 22.1% 31.9% 24.8% 16.3% 17.8% 14.7% 16.0% 18.1% 13.9% 16.7% 15.3% 14.0% 16.8% 18.3% 11.1% 10.4%
Wages 18.3% 20.0% 18.5% 17.5% 18.1% 16.8% 14.0% 18.1% 13.0% 12.3% 12.8% 12.1% 13.2% 11.9% 10.1% 9.8%
PBT 5.4% 9.6% 6.1% 3.0% 3.5% 2.5% -3.6% -27.7% 4.3% 4.1% 4.4% -5.0% -15.9% 4.0% -7.2% 8.0%
Income Tax 1.7% 3.4% 2.1% 0.6% 1.0% 0.3% 1.0% -0.6% 1.6% 1.1% 1.7% -5.7% -5.7% 1.3% -0.8% 1.8%
PAT 3.7% 6.2% 4.0% 2.4% 2.5% 2.3% -4.6% -27.1% 2.7% 2.9% 2.7% 0.7% -10.2% 2.7% -6.4% 6.2%
*1QFY21 onwards merged numbers

Canara Bank INDUS EQUITY ADVISORS

12,000 14.0 3,500 35.0 22.5 25.0
11.5 12.0 3,307
10,000 3,000 30.0
2,595 17.8 20.0
9.4 10.0 2,474
10,109
2,904
7.7 2,500 2,256 25.0
9,066
8,000 8.0
8,589
7,975 1,915 15.0
6.0 20.0 11.9
7,558
2,000
7,415
6,000 6.8
3.0 5.5 5.6 9.7
3.6 4.0 1,500 15.0 8.1
10.0
4,000 1.7 2.0
1.9 10.0 4.9
- 1,000
5.0
5,261
5,417
5,924
6,328
6,166
6,390
2,000
5.0
1,558
1,914
2,104
2,255
2,500
2,815
25.8
29.8
31.0
30.2
32.0
32.7
-2.0 500
358
342
370
403
491
340
-1.3
- -2.6 -4.0 INR Bn
- -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % -
Loans Deposits
Loan Growth YoY (%) Deposit Growth YoY (%) CA SA CASA CASA Ratio (%) CASA YoY Gr. (%) (RHS)
Source: Company, Indus Equity (merged entity) Source: Company, Indus Equity (merged entity)

800 14.0 90.0 3.00
79.7
11.7 80.0 75.9
700 12.0 2.84
68.1 2.50
9.7 70.0 2.59
600 9.2 9.4 58.1 59.5
8.9 10.0 55.6 56.2
8.4 60.0 2.00 2.26
500 50.1 2.21
7.1 8.0 50.0 42.9 44.3
400 38.1 1.50 1.86
5.7 5.9 5.6 40.0 34.4
6.0
300 4.3 30.0 1.36
3.8 1.00
4.0
200 20.0
100 2.0 10.0 0.50
298
321
418
356
268
244
639
611
603
455
518
732
-
- - -
INR Bn FY16 FY16 FY17 FY18 FY19 FY20 FY21
FY17 FY18 FY19 FY20 FY21 % FY16 FY17 FY18 FY19 FY20 FY21
Canara Bank INDUS EQUITY ADVISORS
40.0 12.0 3.0 70.0 14.0
9.9 58.8
20.0 10.0 2.5 50.0 60.0 12.0
8.7 51.2 49.7
48.8 49.1
50.0 10.0
- 6.6 8.0 2.0
9.5
8.0
8.9
40.0
8.6
8.4
8.3
-20.0 6.0
8.2
1.5
30.0 6.0
-40.0 2.6 4.0
2.5 1.0
20.0 4.0
1.2
-60.0 2.0
0.5 10.0 2.0
11.1
12.9
13.2
11.9
13.0
13.2
-45 15 -74 -22 -58 26
-80.0 - 2.2 2.2 2.4 2.6 2.5 2.8
- - -
PAT (INRbn) Asset Gr. YoY (%) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)

16,000 8.0 10.0 0.4 1.00
0.20 0.23
5.9
14,000 0.2 0.90
4.5 6.0 5.0
4.2 0.06
12,000 0.80
4.0 -
2.0 - 0.70
10,000
2.0 -0.2 0.60
13,423
10,397
8,000
10,416
0.2 -5.0
- -0.4 0.50
6,000 -0.58
-10.0 -0.75 0.40
-2.0 -0.6
4,000 -3.9 -0.52
0.30
12,981
10,016
13,643
10,819
12,882
13,452
14,493
10,217
9,615
2,000 -4.0 -15.0 -0.8 0.20
May-15
May-16
May-17
May-19
May-20
May-21
May-18
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
- -6.0 -10.7 4.2 1.4 -15.5 5.9
-20.0 -16.7 -1.0
FY16 FY17 FY18 FY19 FY20 FY21*
Central Bank of India - Quarterly Financials

Income Statement
Fund based income
Interest on bal with RBI and other banks 676 195 152 329 155 174 481 115 139 137 89 873 2,059 639 95 32
Others 407 21 41 345 167 178 660 50 267 209 134 362 361 367 251 153
--growth y-o-y -3.5% -17.7% -4.1% 4.0% 2.8% 5.3% 4.1% 8.3% 4.2% 3.6% 0.4% -5.8% -2.5% -4.7% -2.0% 8.1%
--growth q-o-q - -15.6% -4.5% - 0.6% 1.5% - -1.7% 2.4% 3.1% 4.3% - - - - -
Other Income 3,167 902 774 1,491 781 710 3,637 795 1,249 814 779 2,413 2,622 2,876 1,939 1,894
Total Income 25,897 5,780 6,557 13,561 6,834 6,727 27,199 6,724 7,278 6,704 6,494 25,051 26,658 27,537 27,827 28,303
--growth y-o-y -9.1% . -11.3% -4.5% -7.5% -1.4% 0.4% . 1.0% -0.3% -2.2% -9.4% -3.1% -3.9% -1.8% 6.9%
--growth q-o-q - -5.4% -3.9% - -4.5% -3.3% - -0.1% 0.2% 1.9% 1.3% - - - - -
--growth y-o-y 8.1% -21.3% 10.2% 22.3% 24.5% 19.8% 12.7% 20.2% 11.3% 12.9% 6.7% 3.9% -0.9% -7.0% -2.5% 11.6%
--growth q-o-q - -31.9% -5.4% - 9.8% 11.4% - -4.8% 6.9% 5.6% 11.7% - - - - -
Opearating Expenses
Employee Cost 4,141 898 1,199 2,045 1,006 1,039 4,217 1,441 912 981 883 3,565 3,983 4,214 4,466 3,825
Other administrative Exps 2,641 833 611 1,197 671 526 2,705 762 663 698 581 2,493 2,423 2,147 1,896 1,757
Profit before Tax and Provisions (Pbtp) 4,630 688 1,193 2,750 1,459 1,291 4,344 517 1,696 1,026 1,105 3,126 2,733 3,089 2,643 3,559
--growth y-o-y 6.6% 32.9% -29.7% 29.1% 42.2% 16.8% 38.9% -65.9% 137.2% 101.6% 188.0% 14.4% -11.5% 16.9% -25.7% 9.9%
--growth q-o-q - -42.4% -18.2% - 13.0% 149.6% - -69.5% 65.4% -7.2% -27.3% - - - - -

Provision for NPA 5,334 3,262 565 1,506 857 650 4,120 1,583 1,089 551 897 10,750 10,735 5,983 5,255 2,062
Others 620 -132 179 573 248 325 1,134 595 160 241 137 547 -106 635 5,012 2,669
Total 5,954 3,130 744 2,080 1,105 975 5,254 2,178 1,249 791 1,035 11,297 10,629 6,618 5,312 2,669
Profit Before tax -1,324 -2,443 449 670 354 316 -909 -1,661 447 234 70 -8,170 -7,896 -3,529 -2,669 890
Income Tax -436 -1,094 284 374 193 181 212 -132 292 100 -48 -2,529 -2,791 -1,090 -1,251 284
effective tax rate 32.9% 44.8% 63.2% 55.8% 54.6% 57.2% -23.3% 7.9% 65.3% 42.8% -68.9% 31.0% 35.3% 30.9% 46.9% 31.9%
Net Profit -888 -1,349 165 296 161 135 -1,121 -1,529 155 134 118 -5,642 -5,105 -2,439 -1,418 606
Reserves 12,037 13,649 12,757 13,582 11,813 12,237 12,151 12,697 13,984
Govt Holding 89.8% 89.8% 89.8% 89.8% 89.8% 92.4% 92.4% 92.4% 92.4% 89.5% 89.5% 91.2% 86.4% 81.3% 79.9% 81.5%
Earning per share -1.5 -2.3 0.3 0.3 0.2 0.2 -2.0 -2.7 0.3 0.3 0.3 -13.9 -19.5 -12.8 -8.3 3.7
DPS 0.0 0.0 0.0 0.0 0.0 0.0 0.5
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 13.7%
Central Bank of India - Quarterly Financials

Ratio
NII/Core Interest Income 36% 31% 39% 37% 39% 36% 32% 32% 34% 32% 31% 30% 27% 27% 27% 27%
Cost to Income Ratio 59% 72% 60% 54% 53% 55% 61% 81% 48% 62% 57% 66% 70% 67% 71% 61%
Provisioning/Pbtp 129% 455% 62% 76% 76% 75% 121% 421% 74% 77% 94% 361% 389% 214% 201% 75%
OPM@ 6% -4% 7% 10% 11% 10% 3% -5% 7% 4% 6% 3% 0% 1% 3% 6%
Other Income/Total Income 12% 16% 12% 11% 11% 11% 13% 12% 17% 12% 12% 10% 10% 10% 7% 7%
Book value per share 30 30 34 26 26 33 32 32 35 39 39 39 57 74 85 94
Adj Book Value -7 -7 21 16 16 14 12 12 11 11 11 -2 -29 -11 6 39
Gross NPAs 29,277 29,277 29,486 30,785 30,785 31,946 32,589 32,589 33,259 33,497 32,908 32,356 38,131 27,251 22,721 11,873
Net NPAs 9,036 9,036 7,515 8,684 8,684 10,469 11,534 11,534 13,568 11,552 11,441 11,333 17,378 14,218 13,242 6,807
% of Gross NPAs 16.6% 16.6% 16.3% 17.4% 17.4% 18.1% 18.9% 18.9% 20.0% 19.9% 19.9% 19.3% 21.5% 17.8% 12.0% 6.1%
% of Net NPAs 5.8% 5.8% 4.7% 5.6% 5.6% 6.8% 7.6% 7.6% 9.3% 7.9% 8.0% 7.7% 11.1% 10.2% 7.4% 3.6%
Return on Assets -0.3% -1.6% 0.2% 0.2% 0.2% 0.2% -0.4% -1.9% 0.2% 0.2% 0.2% -1.7% -1.6% -0.8% -0.5% 0.2%
Coverage Ratio 69.1% 69.1% 74.5% 71.8% 71.8% 67.2% 64.6% 64.6% 59.2% 65.5% 65.2% 65.0% 54.4% 47.8% 41.7% 42.7%
Business 4,86,552 4,86,552 4,82,649 4,78,529 4,78,529 4,76,170 4,64,864 4,64,864 4,55,030 4,50,972 4,41,235 4,46,380 4,51,381 4,36,070 4,47,079 4,44,640
Advances 1,56,579 1,56,579 1,58,776 1,55,085 1,55,085 1,54,919 1,51,101 1,51,101 1,46,595 1,46,294 1,43,454 1,46,525 1,56,542 1,39,399 1,80,895 1,89,068
-- advances growth 3.6% 3.6% 8.3% 6.0% 6.0% 8.0% 3.1% 3.1% -3.6% -4.0% -5.7% -6.4% 12.3% -22.9% -4.3% 3.1%
Deposits 3,29,973 3,29,973 3,23,873 3,23,444 3,23,444 3,21,252 3,13,763 3,13,763 3,08,435 3,04,679 2,97,781 2,99,855 2,94,839 2,96,671 2,66,184 2,55,572
-- deposit growth 5.2% 5.2% 5.0% 6.2% 6.2% 7.9% 4.6% 4.6% 4.4% 3.0% 1.4% 1.7% -0.6% 11.5% 4.2% 6.5%
--Savings deposits 1,45,667 1,45,667 1,40,238 1,39,051 1,39,051 1,35,671 1,30,200 1,30,200 1,26,395 1,24,192 1,21,733 1,22,139 1,10,509 1,03,102 82,485 73,810
11.9% 11.9% 11.0% 12.0% 12.0% 11.4% 6.6% 6.6% 7.9% 7.7% 8.9% 10.5% 7.2% 25.0% 11.8% 11.0%
7.8% 7.8% 11.9% 5.4% 5.4% 13.1% -0.1% -0.1% -8.4% 2.7% -3.7% 2.8% 11.2% 10.3% -9.3% -2.5%
Casa 1,61,926 1,61,926 1,55,306 1,53,788 1,53,788 1,50,501 1,45,279 1,45,279 1,39,863 1,38,172 1,34,841 1,37,234 1,25,196 1,16,309 80,011 80,011

Others 1.8% 0.4% 0.7% 2.9% 2.8% 3.0% 2.8% 0.9% 4.4% 3.6% 2.3% 1.6% 1.5% 1.5% 1.0% 0.6%
Other Income 13.9% 18.5% 13.4% 12.4% 12.9% 11.8% 15.4% 13.4% 20.7% 13.8% 13.6% 10.7% 10.9% 11.7% 7.5% 7.2%
Wages 18.2% 18.4% 20.7% 16.9% 16.6% 17.3% 17.9% 24.3% 15.1% 16.6% 15.5% 15.7% 16.6% 17.1% 17.3% 14.5%
PBT -5.8% -50.1% 7.8% 5.6% 5.8% 5.3% -3.9% -28.0% 7.4% 4.0% 1.2% -36.1% -32.9% -14.3% -10.3% 3.4%
Income Tax -1.9% -22.4% 4.9% 3.1% 3.2% 3.0% 0.9% -2.2% 4.8% 1.7% -0.8% -11.2% -11.6% -4.4% -4.8% 1.1%
PAT -3.9% -27.7% 2.9% 2.5% 2.7% 2.3% -4.8% -25.8% 2.6% 2.3% 2.1% -24.9% -21.2% -9.9% -5.5% 2.3%

Central Bank of India INDUS EQUITY ADVISORS

3,500 12.3 15.0 1,800 1,619 60.0 23.1 25.0
3,000 11.5 10.0 1,600 1,453
4.6 1,372 50.0
4.2 5.2 1,400 1,252 20.0
5.0
2,500
1,457
3.6 1,163
3.1 1,200 40.0
-
1,302
1.7 945 15.0
1,221
2,000 -0.6
-4.3 1,000 11.5
1,105
-6.4 -5.0 30.0
1,031
9.6
1,809
1,500 800 8.6

-10.0 7.6 10.0
1,565
1,566
1,511
825
1,465
1,394
1,000 600 20.0 5.9

-15.0
400
163
2,662
2,967
2,948
2,999
3,138
3,300
5.0
151
151
147
132
120
500 -20.0 10.0
35.5
39.2
42.5
45.8
46.3
49.1
200
- -22.9 -25.0 INR- Bn - -
Loans Deposits

450 25.0 90.0 82.5 9.00
21.5 77.3
400 80.0 76.6 8.00 7.25
19.3 7.09
18.9 69.1
17.8 20.0 7.00
350
16.6 70.0 63.3 65.0 64.6
58.4
300 60.0 54.4 6.00
15.0 51.5
12.0 47.8 5.00
250 50.0
11.1 41.7 3.74
10.2 4.00 3.47
200 40.0
10.0 2.84 2.77
7.4 7.7 7.6
150 30.0 3.00
5.8
100 20.0 2.00
5.0
1.00
132
142
174
115
113
50
227
381
324
326
293
273
10.0
90
- - - -
%
GNPA NNPA GNPA % NNPA % Credit Cost (%)
PCR without Tech W/off (%) PCR with Tech W/off (%)
Central Bank of India INDUS EQUITY ADVISORS
- 1.3 1.3 1.4 2.9 80.0 16.0
70.6 70.1
67.3 66.0 14.0
-10.0 1.2 2.7 70.0
1.0 61.4 59.4
1.0 12.0
1.0
12.8
-20.0 0.9 0.8 2.5 60.0
10.0
0.8 2.3 50.0
-30.0
9.3
8.0
8.6
0.6
8.0
2.1 40.0
7.5
6.0
7.0
-40.0
0.4
1.9 30.0 4.0
-50.0 0.2
1.7 20.0
11.1
11.0
11.7
14.8
-14.2 -24.4 -51.1 -56.4 -11.2 -8.9 2.0
9.0
9.6
-60.0 - 2.75 2.51 2.47 2.54 2.80 2.78
1.5 10.0 -

6,000 1.0 - - 1.80
-0.26
-0.35 1.60
0.8 0.8 -5.0 -0.48
5,000 0.6 -10.0 -0.5 1.40
5,285
5,254
-0.80
4,886
0.4 -15.0 1.20

4,000 0.2
-20.0 -1.0 1.00
3,966
-
3,642
3,644
3,000 -0.2 -25.0 0.80

-0.2
-0.3 -1.61 0.60
-0.4 -30.0 -1.70 -1.5
2,000 0.40
-0.6 -0.6 -35.0
-0.6 0.20
-0.9 -0.8
4,728
4,714
4,685
4,651
4,659
1,000 -40.0 -2.0

4608
-1.0 -
-45.0
Feb-16
Feb-17
Feb-18
Feb-20
Feb-21
Feb-19
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Jun-15
Jun-16
Jun-17
Jun-19
Jun-20
Jun-18
Jun-21
- -1.2 -9.4 -17.2 -35.3 -36.7 -6.5 -4.3
-50.0 -2.5
RoE RoA (RHS)
City union Bank - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 9M' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income

Interest / Discount on advances 3,508 826 891 899 892 3,495 881 2,614 884 862 869 3,178 2,840 2,590 2,368 2,166
Others 7 1 2 2 2 9 2 7 2 2 3 13 17 18 23 0
Total Fund based income 4,135 976 1,048 1,061 1,049 4,169 1,042 3,127 1,061 1,037 1,029 3,767 3,402 3,174 2,944 2,699
--growth y-o-y -0.8% -6.3% -1.2% 2.3% 2.0% 10.7% 5.8% 12.4% 9.7% 11.9% 15.7% 10.7% 7.2% 7.8% 9.1% 6.0%
--growth q-o-q - -6.8% -1.2% 1.1% 0.7% - -1.8% - 2.3% 0.7% 4.5% - - - - -
Other Income 705 145 230 169 161 680 179 501 142 195 163 514 532 484 410 404
Total Income 4,839 1,121 1,278 1,230 1,210 4,849 1,221 3,628 1,203 1,232 1,193 4,282 3,935 3,658 3,354 3,103
Total Interest Expense 2,305 548 559 586 612 2,493 622 1,871 634 625 612 2,156 1,972 1,975 1,963 1,891
--growth y-o-y -7.6% -12.0% -11.8% -6.3% 0.0% 15.7% 10.3% 17.6% 15.5% 18.3% 19.0% 9.3% -0.1% 0.6% 3.8% 5.9%
--growth q-o-q - -2.0% -4.6% -4.3% -1.6% - -1.8% - 1.3% 2.1% 8.6% - - - - -
Net Interest Income 1,830 429 489 475 437 1,675 419 1,256 427 412 417 1,611 1,430 1,199 981 807
--growth y-o-y 9.2% 2.2% 14.5% 15.5% 4.8% 4.0% -0.3% 5.4% 2.2% 3.4% 11.2% 12.7% 19.3% 22.2% 21.5% 6.3%
--growth q-o-q - -12.4% 2.9% 8.7% 4.2% - -1.8% - 3.8% -1.3% -0.9% - - - - -
Opearating Expenses
Employee Cost 464 107 120 120 116 421 94 327 113 113 100 364 316 298 213 210
Total Operating Expenses 1,051 289 260 260 242 1,014 264 750 261 260 229 886 755 689 558 519
Profit before Tax and Provisions (Pbtp) 1,484 285 458 385 356 1,341 335 1,006 308 346 351 1,240 1,208 994 833 693
--growth y-o-y 10.6% -15.0% 48.6% 11.0% 1.3% 8.2% -0.8% 11.5% 0.5% 17.1% 17.4% 2.7% 21.5% 19.3% 20.3% 19.2%
--growth q-o-q - -37.9% 19.2% 8.0% 6.3% - 8.6% - -11.0% -1.4% 4.0% - - - - -

Others 791 239 219 177 157 755 450 305 81 108 116 315 418 301 231 183
Total 791 239 219 177 157 755 450 305 81 108 116 315 418 301 231 183
Profit Before tax 693 46 240 208 199 586 -115 702 227 239 236 925 790 693 603 521
Income Tax 100 -65 70 50 45 110 -20 130 35 45 50 242 198 190 158 126
effective tax rate 14.4% -140.7% 29.2% 24.1% 22.6% 18.8% 17.3% 18.5% 15.4% 18.9% 21.2% 26.2% 25.1% 27.4% 26.2% 24.2%
Net Profit 593 111 170 158 154 476 -95 572 192 194 186 683 592 503 445 395
--growth y-o-y 24.5% -216.7% -11.7% -18.5% -17.0% -30.2% -154.4% 12.6% 8.0% 15.2% 14.8% 15.3% 17.7% 13.1% 12.6% 13.8%
--growth q-o-q - -34.6% 7.8% 2.4% -261.6% - -149.5% - -0.6% 4.2% 6.0% - - - - -
Paid up Equity Share Capital 73.9 73.9 73.8 73.8 73.7 73.7 73.7 73.6 73.6 73.5 73.5 73.5 66.5 60.1 59.8 59.7
Reserves 5,769 5,222 4,767 4,097 3,510 2,992 2,636
Earning per share 8.0 1.5 2.3 2.1 2.1 6.5 -1.3 7.8 2.6 2.6 2.5 9.3 8.9 8.4 7.4 66.2
DPS 0.3 0.0 0.5 0.3 0.3 0.2 1.1
Dividend Payout 4% 0% 5% 3% 4% 3% 2%
City union Bank - Quarterly Financials

Ratios
OPM@ 18.8% 14.3% 21.8% 20.3% 18.6% 15.9% 15.0% 16.2% 15.7% 14.6% 18.3% 19.3% 19.9% 16.1% 14.4% 10.7%
Adj Book Value 64.5 64.5 71.1 67.4 64.2 61.3 61.3 64.7 64.7 62.5 -13.2 57.9 55.5 52.6 45.6 41.3
Gross NPAs 1,893 1,893 1,072 1,221 1,346 1,413 1,413 1,185 1,185 1,135 1,076 977 857 682 512 336
Net NPAs 1,075 1,075 527 631 716 778 778 649 649 624 6,000 591 475 408 323 233
% of Gross NPAs 5.1% 5.1% 2.9% 3.4% 3.9% 4.1% 4.1% 3.5% 3.5% 3.4% 3.3% 3.0% 3.0% 2.8% 2.4% 1.9%
% of Net NPAs 3.0% 3.0% 1.5% 1.8% 2.1% 2.3% 2.3% 2.0% 2.0% 1.9% 1.9% 1.8% 1.7% 1.7% 1.5% 1.3%
Return on Assets 1.2% 0.8% 1.3% 1.2% 1.2% 1.0% -0.8% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.5% 1.5% 1.5%
Restructured Account 1,849 1,849 807 478 388 297 297 200 200 118 64 50 81 136 204 261
RoAE 10.6% 9.4% 15.2% 15.3% 15.2% 15.5% 16.7%
Coverage Ratio 43.2% 43.2% 50.8% 48.3% 46.8% 44.9% 44.9% 45.2% 45.2% 45.0% -457.5% 39.5% 44.6% 40.1% 36.9% 30.7%
Business 80,695 80,695 79,207 76,245 75,562 74,760 74,760 73,092 73,092 73,212 71,306 71,513 61,091 54,228 48,215 42,040
Advances 36,158 36,158 35,919 34,825 34,536 33,927 33,927 33,280 33,280 32,760 32,230 33,065 28,239 24,112 21,057 17,966
-- advances growth 6.6% 6.6% 7.9% 6.3% 7.2% 2.6% 2.6% 8.6% 8.6% 10.0% 14.2% 17.1% 17.1% 14.5% 17.2% 11.6%
Deposits 44,537 44,537 43,288 41,421 41,026 40,832 40,832 39,812 39,812 40,451 39,077 38,448 32,853 30,116 27,158 24,075
-- deposit growth 9.1% 9.1% 8.7% 2.4% 5.0% 6.2% 6.2% 12.1% 12.1% 17.1% 16.3% 17.0% 9.1% 10.9% 12.8% 9.3%
26.9% 26.9% 34.3% 8.9% 14.2% 12.2% 12.2% 9.7% 9.7% 25.7% 19.5% 25.4% 11.7% 28.1% 22.0%
28.4% 28.4% 13.7% 1.5% 1.5% -9.0% -9.0% 9.8% 9.8% 15.6% 3.5% 15.4% 15.7% 25.5% 15.1%
Casa 12,981 12,981 11,899 10,645 10,098 10,197 10,197 9,294 9,294 9,988 9,161 9,698 7,957 7,039 5,533 4,631

Others 0.2% 0.1% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.3% 0.5% 0.6% 0.8% 0.0%
Other income 17.0% 14.9% 21.9% 16.0% 15.3% 16.3% 17.2% 16.0% 13.4% 18.8% 15.9% 13.7% 15.6% 15.3% 13.9% 15.0%
Wages 11.2% 11.0% 11.5% 11.3% 11.1% 10.1% 9.0% 10.5% 10.7% 10.9% 9.8% 9.7% 9.3% 9.4% 7.2% 7.8%
PBT 16.8% 4.7% 22.9% 19.6% 19.0% 14.1% -11.1% 22.4% 21.4% 23.0% 22.9% 24.6% 23.2% 21.8% 20.5% 19.3%
Income Tax 2.4% -6.7% 6.7% 4.7% 4.3% 2.6% -1.9% 4.2% 3.3% 4.3% 4.9% 6.4% 5.8% 6.0% 5.4% 4.7%
PAT 14.3% 11.4% 16.2% 14.9% 14.7% 11.4% -9.1% 18.3% 18.1% 18.7% 18.0% 18.1% 17.4% 15.8% 15.1% 14.6%

City Union Bank INDUS EQUITY ADVISORS

500 17.0 20.0 140 130 35.0 27.3 30.0
17.2 17.1
17.1 27.2
14.5 120 30.0 25.0
400 102
15.0 97
100 25.0 21.9
80 19.5 20.0
300
92
12.8 80 70 20.0
9.1 10.0
10.9 55 15.0
73
200 60 15.0 13.0
9.1 6.2
65
6.6
38
10.0
32
29
52
5.0 10.0
28
40 5.1
24
2.6
46
100
19
36
211
272
241
282
329
331
384
339
408
362
445
301
5.0 5.0
20.4
23.4
24.2
25.2
25.0
29.1
20
- -
INR Bn FY16 % - - -
FY17 FY18 FY19 FY20 FY21 INR Bn
Loans Deposits
GNPA and NNPA NPA Coverage Ratio (%) Credit Cost (%)
20.0 6.0 70.0 64.0 65.0 64.0 2.5
61.0 63.0
5.1 60.0
18.0 1.88
60.0 2.0
5.0
16.0
4.1 50.0 44.6 44.9 1.5 1.71
14.0 43.2 1.05 1.11 1.16
4.0 40.1 39.5
12.0 36.9 0.88
3.0 3.0 3.0 40.0 1.0
2.8
10.0 2.4 3.0
2.3 30.0 0.5
8.0 1.8
1.5 1.7 1.7
2.0 20.0
6.0 -
4.0
1.0 10.0 -0.5
10.8
14.1
18.9
3.2
4.1
4.7
5.9
7.8
2.0
5.1
6.8
8.6
9.8
- - - -1.0
%
City Union Bank INDUS EQUITY ADVISORS
8.0 3.3 5.0 43.0 44.0 25.0
3.21
7.0 3.2 4.5 41.7 43.0
41.5 20.0
6.0 42.0
3.1 4.0 40.9
18.5
5.0 2.99 41.0
3.0 3.5 40.1 15.0
15.8
15.8
2.91
15.4
15.1
15.0
4.0 2.88 40.0
2.82 2.82 2.9 3.0
3.0 38.5 39.0 10.0
2.8 2.5
2.0 38.0
5.0
1.0 2.7 2.0
15.8
15.8
16.2
15.6
16.8
19.5
37.0
4.4 5.0 5.9 6.8 4.8 5.9 3.8 4.2 4.4 4.3 4.0 4.0
- 2.6 1.5 36.0 -
FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21

2,000 12.0 18.0 1.60 1.64 1.8 4.00
10.5
1,800 16.0 1.50 1.50 1.6 3.50
9.1 10.0
1,600 8.3 14.0 1.4
7.7 1.00 1.15 3.00
1,400 12.0 1.2
8.0
1,200 2.50
10.0 1.0
1,000 4.8 6.0 2.00
8.0 0.8
800 1.50
4.0 6.0 0.6
600
4.0 0.4 1.00
400
525
550
2.0
1,325
1,496
1,621
1,685
1,793
1,724
2.0 0.2
600
650
700
702
200 0.50
15.60 15.26 15.37 15.25 9.47 10.73
May-17
May-18
May-19
May-20
May-21
May-15
May-16
Sep-15
Sep-16
Sep-17
Sep-19
Sep-20
Sep-18
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
- - -
0.3 -
CSB Bank - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 9M21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18
Income Statement
Fund based income
Interest / Discount on advances 1,376 383 993 360 329 305 1,162 296 303 289 275 969 881
Income on Investments 459 105 355 112 134 108 310 79 77 80 74 347 413
Interest on bal with RBI and other banks 5 3 2 1 0 1 38 14 9 9 7 32 3
Others 32 7 25 10 7 9 0 0 0 0 0 0 40
Total Fund based income 1,872 497 1,375 483 470 423 1,510 389 389 377 355 1,348 1,336
--growth y-o-y 24.0% 27.8% 22.7% 24.2% 24.7% 18.9% 12.0% 9.9% 9.6% 0.8%
Other Income 401 112 288 117 98 74 222 87 51 54 30 136 281

Total Income 2,273 609 1,664 599 568 497 1,732 476 439 431 386 1,483 1,617
Total Interest Expense 931 221 709 231 241 237 918 231 233 230 223 908 1,023
--growth y-o-y 1.5% -4.3% 3.4% -0.9% 4.7% 6.4% 1.1% -0.9% -1.2% -11.3%
Net Interest Income 941 276 666 251 229 185 592 158 155 147 132 440 314
--growth y-o-y 58.9% 75.0% 53.1% 61.8% 55.9% 39.9% 34.6% 30.7% 31.2% 40.3%
Opearating Expenses
Employee Cost 496 179 318 128 104 86 331 79 84 92 77 384 294
Operating expenses 233 80 152 58 50 44 202 58 52 46 46 178 150
Total Operating Expenses 729 259 470 185 154 130 533 137 136 138 123 563 443
Profit before Tax and Provisions (Pbtp) 613 129 484 182 173 129 281 107 70 63 40 13 152
--growth y-o-y 118.5% 20.5% 179.0% 160.5% 172.3% 221.8% 2000.1% -380.8% 62.8% -91.2%

Provision for NPA 181 91 91 56 21 14 121 56 35 20 10 262
Others 139 -20 159 55 60 44 25 28 -8 5 0 52 252
Exceptional item 0 0
Total 321 71 250 111 81 58 147 84 28 25 10 313 252
Profit Before tax 293 58 235 71 92 72 134 23 42 39 30 -300 -100
Income Tax 74 15 59 18 23 18 121 82 14 14 11 -103 -42

effective tax rate 25.3% 26.1% 25.2% 25.2% 25.2% 25.2% 90.5% 363.1% 33.6% 36.4% 35.0% 34.2% 42.3%
Net Profit 218 43 175 53 69 54 13 -60 28 25 20 -197 -58
Paid up Equity Share Capital 174 174 174 174 174 174 174 174 174 172 86 86 86
Reserves 1,852 1,631 537 649
Capital Adequacy Ratio (Basel II) 21.4% 21.4% 21.0% 21.0% 19.7% 18.9% 22.5% 22.5% 23.0% 22.8% 16.9% 16.7% 9.9%
CET 1 20.0% 20.0% 19.8% 19.8% 18.4% 17.9% 21.8% 21.8% 22.3% 22.1% 16.0% 9.5%
Earning per share 12.6 2.5 10.1 3.1 4.0 3.1 0.7 -3.4 1.6 1.4 2.3 -23.0 -6.7
CSB Bank - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 9M21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18
Ratio
NII/Core Interest Income 50% 55% 48% 52% 49% 44% 39% 41% 40% 39% 37% 33% 23%
Cost to Income Ratio 54% 67% 49% 50% 47% 50% 66% 56% 66% 68% 75% 98% 74%
Provisioning/Pbtp 52% 55% 52% 61% 47% 45% 52% 79% 39% 39% 25% 2346% 166%
OPM@ 11% 3% 14% 14% 16% 13% 4% 5% 5% 2% 3% -9% -10%
Other Income/Total Income 18% 18% 17% 19% 17% 15% 13% 18% 12% 13% 8% 9% 17%
Book value per share 117 117 114 114 111 107 104 104 89 88 75 72 85
Gross NPAs 393 393 235 235 387 401 409 409 353 326 513 531 764
Net NPAs 169 169 90 90 164 195 217 217 214 222 217 241 264
% of Gross NPAs 2.7% 2.7% 1.8% 1.8% 3.0% 3.5% 3.5% 3.5% 3.2% 2.9% 4.7% 4.9% 7.9%
% of Net NPAs 1.2% 1.2% 0.7% 0.7% 1.3% 1.7% 1.9% 1.9% 2.0% 2.0% 2.0% 2.3% 2.9%
Return on Assets 1.0% 0.8% 1.1% 1.0% 1.2% 1.0% 0.1% -1.2% 0.6% 0.5% 0.5% -1.1% -0.2%
Coverage Ratio 57.1% 57.1% 61.9% 61.9% 57.8% 51.3% 47.0% 47.0% 39.4% 32.1% 57.8% 54.6% 65.5%
Business 33,578 33,578 30,890 30,890 29,996 27,567 27,157 27,157 26,049 26,808 25,802 25,739 23,876
Advances 14,438 14,438 13,137 13,137 12,538 11,229 11,366 11,366 10,808 11,298 10,605 10,615 9,185
-- advances growth 27.0% 27.0% 21.6% 21.6% 11.0% 5.9% 7.1% 7.1% 8.5% 15.6% 14.8%
Deposits 19,140 19,140 17,753 17,753 17,458 16,338 15,791 15,791 15,241 15,510 15,197 15,124 14,691
-- deposit growth 21.2% 21.2% 16.5% 16.5% 12.6% 7.5% 4.4% 4.4% 2.5% 2.9% -1.5%
Casa 6,162 6,162 5,393 5,393 5,134 4,776 4,607 4,607 4,353 4,372 4,272 4,204 0
-- % of total Deposits 32.2% 32.2% 30.4% 30.4% 29.4% 29.2% 29.2% 29.2% 28.6% 28.2% 28.1% 27.8% 0.0%

Interest / Discount on advances 73.5% 77.0% 72.2% 74.6% 70.0% 72.1% 77.0% 76.2% 77.9% 76.6% 77.2% 71.9% 65.9%
Income on Investments 24.5% 21.1% 25.8% 23.2% 28.5% 25.7% 20.5% 20.3% 19.9% 21.1% 20.8% 25.8% 30.9%
Interest on bal with RBI and other banks 0.3% 0.6% 0.2% 0.3% 0.0% 0.2% 2.5% 3.5% 2.2% 2.3% 2.0% 2.3% 0.2%
Others 1.7% 1.4% 1.8% 2.0% 1.5% 2.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 3.0%
Other Income 21.4% 22.6% 21.0% 24.2% 20.8% 17.6% 14.7% 22.3% 13.0% 14.4% 8.5% 10.1% 21.0%
Total Interest Expense 49.7% 44.5% 51.6% 48.0% 51.2% 56.2% 60.8% 59.5% 60.1% 61.0% 62.7% 67.4% 76.5%
Net Interest Income 50.3% 55.5% 48.4% 52.0% 48.8% 43.8% 39.2% 40.5% 39.9% 39.0% 37.3% 32.6% 23.5%
Wages 26.5% 35.9% 23.1% 26.5% 22.1% 20.4% 21.9% 20.3% 21.7% 24.3% 21.5% 28.5% 22.0%
Other administrative Exps 12.4% 16.2% 11.1% 11.9% 10.7% 10.5% 13.4% 15.0% 13.3% 12.3% 12.9% 13.2% 11.2%
Total Operating Expenses 38.9% 52.1% 34.2% 38.4% 32.8% 30.9% 35.3% 35.3% 34.9% 36.6% 34.5% 41.7% 33.2%
Profit before Tax and Provisions (Pbtp) 32.8% 25.9% 35.2% 37.8% 36.8% 30.5% 18.6% 27.5% 18.0% 16.8% 11.3% 1.0% 11.4%
Provisions and contingencies 17.1% 14.3% 18.2% 23.1% 17.2% 13.6% 9.7% 21.7% 7.1% 6.5% 2.8% 23.3% 18.9%
PBT 15.6% 11.7% 17.1% 14.7% 19.6% 16.9% 8.9% 5.8% 10.9% 10.3% 8.5% -22.3% -7.5%
Income Tax 4.0% 3.0% 4.3% 3.7% 4.9% 4.3% 8.0% 21.2% 3.7% 3.8% 3.0% -7.6% -3.2%
PAT 11.7% 8.6% 12.8% 11.0% 14.7% 12.7% 0.8% -15.3% 7.2% 6.6% 5.5% -14.6% -4.3%

CSB Bank INDUS EQUITY ADVISORS

250 27.0 30.0 70 62 35.0 40.0
33.7
21.2 60 30.0 35.0
200 20.0
14.8 15.6 46 27.8 30.0
50 25.0
191
42
40
150 10.0 37 25.0
7.1 40
3.3 20.0
158
2.9
151
149
147
144
29 20.0
39
-0.2 -1.5
36
100 4.4 - 30 15.0
33
1.9 11.0
31
9.4 15.0
20
25
10.0 7.5
50 -10.0 6.1 10.0
7
6
6
6
10
106
114
144
5.0
20.0
24.8
27.0
27.8
29.2
32.2
4
-17.1 5.0
79
80
92
-
-
- -20.0 -INR Bn - -
%
Loans Deposits

9.0 9.0 90.0 84.9 3.0 2.64
7.9 78.2 80.0 2.56 2.53
8.0 7.3 8.0 80.0 2.5
7.0 7.0 70.0 65.5
61.9 2.0
5.6 5.5 57.1 1.55
6.0 6.0 60.0 53.1 54.6 1.41
4.9 48.6 47.0 1.5 1.10
5.0 4.4 4.5 5.0 50.0
1.0
4.0 3.5 4.0 40.0
2.7 25.5 0.5
3.0 2.3 3.0 30.0 22.8
1.9
20.0 -
2.0 1.2 2.0
1.0 1.0 10.0 -0.5
3.5
4.5
2.6
2.2
1.7
2.4
4.5
6.0
7.6
5.3
4.1
3.9
- - - -1.0
%
CSB Bank INDUS EQUITY ADVISORS
2.5 12.0 6.0 120.0 25.0
2.0 9.43 100.9 97.7
8.34 10.0
1.5 5.0 100.0 20.0
21.8
20.0
1.0 8.0 74.5 74.5
4.0 65.5 80.0
0.5 6.0 15.0
16.0
- 54.3
2.91 3.0 60.0
-0.5 4.0
10.0
11.5
0.95 1.57
-1.0 2.0 40.0
9.8
2.0
9.5
0.08
-1.5
- 5.0
-2.0 1.0 20.0
10.6
12.2
16.7
22.5
21.4
-1.5 0.0 -1.0 -2.0 0.1 2.2
9.9
-2.5 -2.0 2.0 1.9 2.5 3.2 3.7 4.8
- - -

600 30.0 15.0 1.5 2.50
25.1
10.0 0.99
500 25.0 1.0
5.0 2.00
20.0 0.07 0.5
400 -
15.0 -5.0 - 1.50
300 0.01 -0.59
10.0 -10.0 -0.5
-0.92
200 -15.0 -1.13 1.00
5.0 -1.0
-0.5 -0.7 -0.5 -20.0
100 -1.2 -1.9 - -1.5
-25.0
429
257
421
254
419
277
411
300
514
320
240
426
0.50
-23.6 0.2 -15.8 1.0 12.5
May-20
Nov-20
May-21
Feb-21
-26.1
Feb-20
Sep-20
Aug-20
Oct-20
Mar-20
Apr-20
Mar-21
Jun-20
Apr-21
Jul-20
Dec-19
Dec-20
Jan-20
Jan-21
- -5.0 -30.0 -2.0
DCB - Quarterly Financials

Income Statement
Fund based income

Interest / Discount on advances 2,786 671 705 1,410 710 700 2,843 723 728 706 686 2,448 1,940 1,648 1,354 1,098
Others 36 9 9 18 9 9 34 9 8 8 8 28 34 29 26 37
Total Fund based income 3,458 837 869 1,752 878 873 3,537 902 898 879 858 3,041 2,413 2,076 1,698 1,422
--growth y-o-y -2.2% -7.2% -3.2% 0.8% -0.1% 1.8% 16.3% 9.0% 15.5% 19.5% 22.3% 26.0% 16.2% 22% 19% 26%
--growth q-o-q - -3.7% -1.0% - -75.2% -3.2% - 0.5% 2.1% -71.1% 3.7% - - - - -
Other Income 458 134 155 170 93 78 391 110 93 101 87 350 311 249 220 166
Total Income 3,917 971 1,024 1,922 971 951 3,928 1,012 991 981 944 3,392 2,724 2,326 1,919 1,588
Total Interest Expense 2,172 526 535 1,111 545 566 2,272 578 575 566 553 1,892 1,418 1,279 1,079 914
--growth y-o-y -4.4% -9.0% -7.0% -0.7% -3.8% 2.4% 20.1% 9.9% 18.8% 24.7% 29.1% 33.5% 10.8% 18.5% 18.0% 20.3%
--growth q-o-q - -1.6% -1.8% - -76.0% -2.0% - 0.6% 1.6% -70.1% 5.1% - - - - -
Net Interest Income 1,287 311 335 641 334 307 1,265 324 323 313 305 1,149 995 797 619 508
--growth y-o-y 1.7% -3.9% 3.6% 3.6% 6.6% 0.6% 10.1% 7.6% 10.0% 11.2% 11.6% 15.5% 24.9% 28.7% 21.9% 38.0%
--growth q-o-q - -7.0% 0.3% - -73.6% -5.2% - 0.2% 3.1% -72.7% 1.3% - - - - -
Opearating Expenses
Employee Cost 455 111 130 214 105 109 528 112 139 138 138 454 381 308 245 196
Total Operating Expenses 846 240 212 394 201 193 903 222 226 230 225 853 781 628 491 396
Profit before Tax and Provisions (Pbtp) 899 205 277 416 225 191 753 212 190 185 167 647 525 418 349 278
--growth y-o-y 19.4% -3.2% 46.0% 18.6% 22.0% 14.8% 16.5% 14.5% 9.3% 26.3% 17.8% 23.2% 25.5% 19.8% 25.8% 47.7%
--growth q-o-q - -26.0% 23.1% - 17.8% -9.9% - 11.7% 2.9% 10.8% -10.1% - - - - -

Others 446 101 148 197 113 84 261 118 59 43 41 140 139 111 88 69
Total 446 101 148 197 113 84 261 118 59 43 41 140 139 111 88 69
Profit Before tax 453 104 130 220 112 107 492 94 131 141 126 507 386 307 261 208
Income Tax 117 26 33 57 29 28 154 25 34 50 45 181 141 107 67 17

Net Profit 336 78 96 162 83 79 338 69 97 91 81 325 245 200 195 191
--growth y-o-y -0.5% 13.3% -0.5% -6.0% -9.5% -2.1% 3.9% -28.6% 12.3% 24.5% 16.6% 32.6% 22.8% 2.7% 1.7% 26.4%
--growth q-o-q - -19.0% 16.4% - 4.2% 15.4% - -28.9% 5.8% 12.8% -15.9% - - - - -
Reserves 3,216 2,873 2,561 2,248 1,661 1,456 1,252
DCB - Quarterly Financials

Ratio
OPM@ 12.7% 8.5% 14.1% 14.1% 15.1% 13.0% 10.2% 11.3% 10.8% 9.5% 9.3% 9.7% 8.9% 8.1% 7.6% 7.9%
Adj Book Value 94 94 106 101 101 97 94 94 93 90 89 88 67 64 57 43
Gross NPAs 1,083 1,083 502 574 574 622 632 632 552 523 476 439 369 254 197 186
Net NPAs 594 594 150 206 206 249 294 294 261 238 196 154 147 124 97 106
% of Gross NPAs 4.1% 4.1% 2.0% 2.3% 2.3% 2.4% 2.5% 2.5% 2.2% 2.1% 2.0% 1.8% 1.8% 1.6% 1.5% 1.8%
% of Net NPAs 2.3% 2.3% 0.6% 0.8% 0.8% 1.0% 1.2% 1.2% 1.0% 1.0% 0.8% 0.7% 0.7% 0.8% 0.8% 1.0%
Return on Assets 0.9% 0.8% 1.0% 0.8% 0.9% 0.8% 0.9% 0.7% 1.0% 1.0% 0.9% 1.0% 0.9% 0.9% 1.1% 1.4%
Coverage Ratio 45.2% 45.2% 70.2% 64.1% 64.1% 60.0% 53.5% 53.5% 52.8% 54.5% 58.9% 65.0% 60.2% 51.1% 50.6% 43.2%
Business 55,663 55,663 54,158 53,653 53,653 54,490 55,715 55,715 55,173 54,161 52,834 52,003 44,344 35,107 27,847 23,074
Advances 25,959 25,959 25,300 24,879 24,879 25,058 25,345 25,345 25,438 24,798 24,044 23,568 20,337 15,818 12,921 10,465
-- advances growth 2.4% 2.4% -0.5% 0.3% 0.3% 4.2% 7.5% 7.5% 11.1% 12.4% 13.2% 15.9% 28.6% 22.4% 23.5% 28.6%
Deposits 29,704 29,704 28,858 28,775 28,775 29,432 30,370 30,370 29,735 29,363 28,789 28,435 24,007 19,289 14,926 12,609
-- deposit growth -2.2% -2.2% -2.9% -2.0% -2.0% 2.2% 6.8% 6.8% 8.1% 12.2% 15.0% 18.4% 24.5% 29.2% 18.4% 22.1%
Casa 6,787 6,787 6,658 6,825 6,825 6,455 6,519 6,519 6,941 6,825 7,062 6,810 5,840 4,689 3,490 2,950

Others 1.0% 1.1% 1.0% 1.0% 1.0% 1.0% 0.9% 1.0% 0.9% 0.9% 0.9% 0.9% 1.4% 1.4% 1.5% 2.6%
Other income 13.3% 16.0% 17.8% 9.7% 10.5% 8.9% 11.1% 12.2% 10.4% 11.5% 10.1% 11.5% 12.9% 12.0% 13.0% 11.6%
Wages 13.2% 13.3% 15.0% 12.2% 12.0% 12.4% 14.9% 12.5% 15.4% 15.7% 16.1% 14.9% 15.8% 14.8% 14.4% 13.8%
PBT 13.1% 12.4% 14.9% 12.5% 12.8% 12.3% 13.9% 10.4% 14.6% 16.1% 14.7% 16.7% 16.0% 14.8% 15.4% 14.6%
Income Tax 3.4% 3.1% 3.8% 3.3% 3.3% 3.2% 4.4% 2.8% 3.8% 5.7% 5.2% 6.0% 5.8% 5.2% 3.9% 1.2%
PAT 9.7% 9.3% 11.1% 9.3% 9.4% 9.1% 9.6% 7.6% 10.8% 10.4% 9.5% 10.7% 10.2% 9.6% 11.5% 13.4%

DCB Bank INDUS EQUITY ADVISORS

350 35.0 80.0 25.0 34.4 40.0
29.2 68.1 67.9
28.6 30.0 65.2 24.5
300 70.0
58.4 24.5 30.0
23.5 24.0
22.4 25.0 60.0
250 24.5 23.5 18.3 16.6
18.4 46.9 20.0
20.0 50.0
200 23.0
49.8
18.4 15.0 40.0 34.9
46.0
15.9 22.5 4.1 10.0
150
40.0
7.5 10.0 22.0
19.2
30.0
18.4
18.3
-4.3 -
15.3
31.5
100 6.8 21.5
11.8
2.4 5.0 20.0
23.1
50 21.0
- -10.0
129
149
158
193
203
240
236
253
304
260
297
284
23.4
24.3
24.3
23.9
21.5
22.8
10.0 20.5
- -2.2 -5.0 - 20.0 -20.0
INR Bn %
FY16 FY17 FY18 FY19 FY20 FY21 INR Bn
Loans Deposits
12.0 4.1 4.5 90.0 1.2
77.6 78.8
4.0 80.0 73.1 75.7 0.98
10.0 70.8 1.0
70.0 65.0 0.86
3.5 62.4 0.81
60.2
8.0 3.0 60.0 53.5 0.8 0.66 0.69
50.6 51.1
2.5 2.3 45.2
2.5 50.0
6.0 1.8 1.8 0.6
1.6 2.0 40.0
1.5
4.0 1.2 1.5 30.0 0.4
0.8 0.8 0.7 20.0
0.7 1.0
2.0 0.2
10.0
10.8
0.5
1.0
1.2
1.5
1.5
2.9
5.9
2.0
2.5
3.7
4.4
6.3
- - - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20
%
DCB Bank INDUS EQUITY ADVISORS
4.0 2.4 4.5 70.0 25.0
2.30
58.4 60.0 59.8
3.5 2.3
4.0 56.9 54.5 60.0 20.0
3.0
2.2 48.5
2.5 3.5 50.0
2.03 2.1 15.0
1.98
15.5
2.0 3.0 40.0
13.9
1.94 1.96 2.0
13.1
1.93
12.8
12.7
1.5 10.0
11.9
1.9 2.5 30.0
1.0
1.8 5.0
0.5 2.0 20.0
14.0
13.8
16.5
16.8
17.8
19.7
1.9 2.0 2.5 3.3 3.4 3.4
- 1.7 3.9 4.0 4.2 3.8 3.7 3.6
1.5 10.0 -

600 32.3 35.0 14.0 1.14 1.2 3.50
28.6
30.0 12.0 1.1 3.00
500
21.4 25.0 0.99 2.50
10.0 0.93 0.94 1.0
400 20.0 0.90
0.87 2.00
15.0 8.0 0.9
300 1.50
10.0 6.0 0.8
4.7 4.8
1.00
262
200 0.9 5.0

4.0 0.7
198
- 0.50
100 2.0 0.6 -
410
515
318
333
504
504
352
410
533
336
-5.0
11.59 10.30 10.31 12.08 11.19 9.99
May-16
May-17
May-18
May-20
May-21
May-15
May-19
Sep-15
Sep-17
Sep-18
Sep-19
Sep-16
Sep-20
Jan-17
Jan-18
Jan-19
Jan-21
Jan-16
Jan-20
- -10.0 - 0.5
Dhanlaxmi Bank - Quarterly Financials

Income Statement
Fund based income
Interest / Discount on advances 658.5 146.3 170.7 174.3 167.3 694.3 169.7 524.6 179.1 180.2 165.3 634.0 692.2 769.5 834.3 893.9
Income on Investments 241.2 61.2 57.3 61.0 61.7 269.2 65.0 204.3 66.1 67.7 70.4 308.8 292.4 277.0 327.6 350.3
Interest on bal with RBI and other banks 17.6 2.4 6.3 4.7 4.2 8.5 4.1 4.4 1.9 1.6 0.9 11.7 10.6 24.1 28.3 33.7
Others 13.4 2.8 3.1 4.0 3.5 15.6 4.1 11.5 3.7 3.9 3.8 17.0 18.1 18.5 14.1 5.8
Total Fund based income 930.8 212.8 237.4 244.0 236.7 987.6 242.9 744.7 250.9 253.3 240.4 971.5 1,013.3 1,089.1 1,204.3 1,283.6
--growth y-o-y -6% -12% -5% -4% -2% 2% 0% 2% 2% 4% 0% -4% -7% -10% -6% -1%
--growth q-o-q - -0.1 -3% 3% -3% - 0.0 - -1% 5% -1% - - - - -
Other Income 141.5 29.4 48.9 21.3 42.0 112.9 38.1 74.8 35.0 23.5 16.3 52.7 102.5 111.0 76.7 85.0
Total Income 1,072.2 242.2 286.2 265.2 278.6 1,100.4 281.0 819.5 285.9 276.9 256.8 1,024.2 1,115.8 1,200.1 1,281.0 1,368.5
Total Interest Expense 601.1 141.5 146.7 155.3 157.6 614.4 157.4 457.0 154.0 152.7 150.3 624.7 667.5 757.5 899.6 984.8
--growth y-o-y -2.2% -10.1% -4.7% 1.7% 4.8% -1.7% 1.6% -2.7% 0.1% -2.9% -5.3% -6.4% -11.9% -15.8% -8.6% -2.7%
--growth q-o-q - -3.6% -5.5% -1.4% 0.1% - 2.2% - 0.8% 1.6% -2.9% - - - - -
Net Interest Income 329.7 71.3 90.7 88.7 79.1 373.2 85.5 287.6 96.9 100.7 90.1 346.8 345.8 331.6 304.7 298.8
--growth y-o-y -11.7% -16.7% -6.4% -11.9% -12.2% 7.6% -1.7% 10.7% 6.2% 15.1% 11.0% 0.3% 4.3% 8.8% 2.0% 6.7%
--growth q-o-q - -21.4% 2.2% 12.1% -7.6% - -11.7% - -3.7% 11.7% 3.6% - - - - -
Opearating Expenses
Employee Cost 225.4 65.6 70.3 44.2 45.3 184.6 49.3 135.3 50.1 42.3 42.9 161.4 163.6 194.9 213.2 211.5
Other administrative Exps 140.7 39.2 37.0 31.9 32.6 139.4 34.5 104.9 36.1 34.4 34.4 143.2 138.5 153.7 165.0 155.7
Total Operating Expenses 366.0 104.8 107.3 76.1 77.9 324.1 83.8 240.3 86.2 76.7 77.3 304.6 302.1 348.6 378.1 367.2
Profit before Tax and Provisions (Pbtp) 105.1 -4.1 32.2 33.9 43.1 162.0 39.8 122.2 45.6 47.5 29.1 94.9 146.2 94.1 3.3 16.6
--growth y-o-y -35.1% -110.3% 29.4% -28.6% 48.1% 70.6% -9.3% 139.4% -23.1% -885.6% 45.4% -35.1% 55.4% 2762.8% -80.2% 173.1%
--growth q-o-q - -112.7% -4.8% -21.5% 8.3% - -12.8% - -3.8% 63.0% -33.7% - - - - -

Others 62.5 -14.8 20.4 19.9 37.0 115.9 56.9 59.0 24.4 25.4 9.3 83.3 171.1 81.7 107.1 267.1
Exceptional item 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92.3 -9.0
Total 62.5 -14.8 20.4 19.9 37.0 115.9 56.9 59.0 24.4 25.4 9.3 83.3 171.1 81.7 107.1 267.1
Profit Before tax 42.6 10.7 11.8 14.0 6.1 46.1 -17.1 63.2 21.3 22.1 19.8 11.7 -24.9 12.4 -196.2 -241.5
Income Tax 5.4 5.4 0.0 0.0 0.0 -19.7 -19.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.3 0.0
effective tax rate 12.8% 50.7% 0.0% 0.0% 0.0% -42.7% 115.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -6.8% 0.0%
Net Profit 37.2 5.3 11.8 14.0 6.1 65.8 2.6 63.2 21.3 22.1 19.8 11.7 -24.9 12.4 -209.4 -241.5
--growth y-o-y -43.5% -103.1% -44.5% -36.5% -69.3% 463.8% 90.6% -494.4% 26.2% 81.6% -144.1% -146.9% -301.1% -105.9% -13.3% -4.1%
--growth q-o-q - -55.3% 130.0% -134.2% - -87.8% - 11.2% 28.1% - - - - -
Reserves 472.4 434.8 - 368.4 356.2 303.9 238.0 447.4
Earning per share 1.5 0.2 0.5 0.6 0.2 2.6 0.1 2.5 0.8 0.9 0.8 0.5 -1.0 0.6 -11.8 -13.6
Dhanlaxmi Bank - Quarterly Financials

Ratios
OPM@ -3.9% -15.7% -7.0% 5.2% 0.5% 5.0% 0.7% 6.4% 4.2% 9.4% 5.3% 4.3% 4.3% -1.6% -6.1% -5.3%
Adj Book Value 15.9 15.9 24.8 23.6 21.9 23.2 23.2 21.2 21.2 22.1 19.6 18.6 16.4 16.5 12.5 21.0
Gross NPAs 657.2 657.2 395.0 448.7 464.5 401.2 401.2 490.5 490.5 476.1 496.5 495.8 469.3 315.6 458.9 558.3
Net NPAs 322.9 322.9 72.4 111.5 140.0 100.9 100.9 105.2 105.2 105.3 145.2 151.7 194.7 166.5 193.2 252.6
% of Gross NPAs 9.2% 9.2% 5.8% 6.4% 6.9% 5.9% 5.9% 7.1% 7.1% 7.1% 7.6% 7.5% 7.4% 4.8% 6.4% 7.0%
% of Net NPAs 4.8% 4.8% 1.1% 1.7% 2.2% 1.6% 1.6% 1.6% 1.6% 1.7% 2.4% 2.4% 3.2% 2.6% 2.8% 3.3%
Return on Assets 0.3% 0.3% 0.3% 0.3% 0.2% 0.6% 0.6% 0.7% 0.7% 0.7% 0.7% 0.1% 0.1% -0.2% -1.6% -1.8%
RoAE 5.3% 10.1% 1.9% -4.4% 2.7% -40.3% -38.3%
Coverage Ratio 50.9% 50.9% 81.7% 75.2% 69.8% 74.8% 74.8% 78.5% 78.5% 77.9% 70.8% 69.4% 58.5% 47.2% 57.9% 54.7%
Business 18,499.3 18,499.3 17,970.4 18,156.0 17,522.6 17,400.2 17,400.2 17,691.0 17,691.0 17,053.3 16,671.7 16,892.6 17,030.2 17,740.0 18,306.4 20,051.5
Advances 6,787.4 6,787.4 6,514.4 6,720.3 6,413.6 6,496.1 6,496.1 6,878.0 6,878.0 6,368.4 6,168.7 6,289.3 6,110.5 6,446.4 6,952.7 7,669.8
-- advances growth 4.5% 4.5% -5.3% 5.5% 4.0% 3.3% 3.3% 9.8% 9.8% 7.2% 9.8% 2.9% -5.2% -7.3% -9.4% -3.4%
Deposits 11,711.9 11,711.9 11,456.0 11,435.8 11,109.0 10,904.1 10,904.1 10,813.0 10,813.0 10,684.9 10,503.0 10,603.3 10,919.7 11,293.7 11,353.8 12,381.7
-- deposit growth 7.4% 7.4% 5.9% 7.0% 5.8% 2.8% 2.8% 0.8% 0.8% -1.2% -3.8% -2.9% -3.3% -0.5% -8.3% 2.0%

Others 1.4% 1.3% 1.3% 1.6% 1.5% 1.6% 1.7% 1.5% 1.5% 1.5% 1.6% 1.7% 1.8% 1.7% 1.2% 0.4%
other income 15.2% 13.8% 20.6% 8.7% 17.7% 11.4% 15.7% 10.0% 13.9% 9.3% 6.8% 5.4% 10.1% 10.2% 6.4% 6.6%
Wages 24.2% 30.8% 29.6% 18.1% 19.2% 18.7% 20.3% 18.2% 20.0% 16.7% 17.8% 16.6% 16.1% 17.9% 17.7% 16.5%
Profit before Tax and Provisions (Pbtp) 11.3% -1.9% 13.6% 13.9% 18.2% 16.4% 16.4% 16.4% 18.2% 18.7% 12.1% 9.8% 14.4% 8.6% 0.3% 1.3%
Provisions and contingencies 6.7% -7.0% 8.6% 8.1% 15.6% 11.7% 23.4% 7.9% 9.7% 10.0% 3.9% 8.6% 16.9% 7.5% 8.9% 20.8%
PBT 4.6% 5.0% 5.0% 5.7% 2.6% 4.7% -7.0% 8.5% 8.5% 8.7% 8.3% 1.2% -2.5% 1.1% -16.3% -18.8%
Income Tax 0.6% 2.6% 0.0% 0.0% 0.0% -2.0% -8.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.1% 0.0%
PAT 4.0% 2.5% 5.0% 5.7% 2.6% 6.7% 1.1% 8.5% 8.5% 8.7% 8.3% 1.2% -2.5% 1.1% -17.4% -18.8%

Federal Bank - Quarterly Financials

Income Statement
Fund based income

Income on Investments 2,349 577 574 1,199 593 606 2,184 565 536 527 555 2,037 1,917 1,801 1,813 1,836
Others 246 65 58 123 61 61 216 60 56 51 48 218 201 231 206 74
--growth y-o-y 4.1% -0.9% 3.9% 6.9% 7.2% 6.7% 15.7% 12.0% 12.7% 17.7% 21.1% 17.1% 12.4% 12.0% 4.4% 6.8%
--growth q-o-q - -2.7% -0.8% - 1.3% 1.4% - 2.0% 2.3% 0.8% 6.5% - - - - -
Other Income 1,945 465 482 998 509 488 1,931 711 408 421 392 1,351 1,159 1,044 786 878
Total Income 15,703 3,832 3,941 7,930 3,997 3,933 15,142 4,108 3,738 3,675 3,621 12,770 10,912 9,721 8,531 8,298
--growth y-o-y -3.9% -10.8% -7.0% 1.2% -1.1% 3.5% 18.2% 12.7% 15.9% 22.3% 23.0% 17.4% 9.7% 7.3% 4.0% 6.8%
--growth q-o-q - -3.8% -4.1% - -1.8% -1.5% - 0.2% 2.1% 2.7% 7.2% - - - - -
--growth y-o-y 19.0% 16.8% 24.4% 17.5% 22.8% 12.3% 11.3% 10.9% 7.2% 9.9% 17.8% 16.6% 17.4% 21.9% 5.2% 6.8%
--growth q-o-q - -1.2% 4.1% - 6.4% 6.6% - 5.3% 2.8% -2.6% 5.3% - - - - -
Opearating Expenses
Wages 2,034 525 526 983 487 496 1,772 519 415 441 398 1,378 1,242 1,164 1,053 892
Other administrative Exps 1,658 475 430 752 395 357 1,603 449 404 385 365 1,387 1,208 1,008 814 739
Profit before Tax and Provisions (Pbtp) 3,787 885 963 1,939 1,007 932 3,205 959 744 719 783 2,763 2,291 1,925 1,424 1,628
--growth y-o-y 18.2% -7.7% 29.5% 29.1% 40.0% 19.1% 16.0% 27.1% 5.1% 3.0% 29.8% 20.6% 19.0% 35.2% -12.5% 6.4%
--growth q-o-q - -8.1% -4.3% - 8.0% -2.8% - 29.0% 3.5% -8.2% 3.7% - - - - -

Others 1,650 242 421 987 592 395 1,172 568 161 252 192 856 947 618 704 107
Total 1,650 242 421 987 592 395 1,172 568 161 252 192 856 947 618 704 107
Profit Before tax 2,137 643 542 952 414 538 2,033 392 583 467 591 1,907 1,344 1,306 720 1,521
Income Tax 547 165 138 244 107 137 490 91 142 50 207 663 465 476 244 515
Net Profit 1,590 478 404 708 308 401 1,543 301 441 417 384 1,244 879 831 476 1,006
--growth y-o-y 3.1% 58.6% -8.3% -11.6% -26.2% 4.3% 24.0% -21.1% 32.1% 56.6% 46.2% 41.5% 5.8% 74.7% -52.7% 19.9%
--growth q-o-q - 18.2% 31.4% - -23.2% 33.1% - -31.6% 5.7% 8.5% 0.7% - - - - -
Reserves 15,719 14,114 12,871 11,811 8,593 7,742 7,562
CET 1 13.9 13.9 13.3 13.3 13.3 13.0 13.3 13.3 12.6 12.9 13.0 13.4 14.2 11.8 13.4 14.8
NIMs 3.2 3.2 3.2 3.1 3.1 3.1 3.0 3.0 3.0 3.2 3.1 3.1 3.3 3.2 3.4
DPS 0.7 0.0 1.4 1.0 0.9 0.7 2.2
Dividend Payout 9% 0% 22% 22% 19% 25% 37%
Federal Bank - Quarterly Financials

Ratio
OPM@ 13.4% 12.5% 13.9% 13.6% 14.3% 12.9% 9.6% 7.3% 10.1% 9.2% 12.1% 12.4% 11.6% 10.2% 8.2% 10.1%
Adj Book Value 72.9 72.9 74.5 71.8 71.8 67.4 64.8 64.8 63.1 61.5 60.3 58.6 54.0 46.4 41.5 44.0
Gross NPAs 4,602 4,602 3,470 3,552 3,552 3,656 3,531 3,531 3,619 3,612 3,395 3,261 2,796 1,727 1,668 1,058
Net NPAs 1,569 1,569 757 1,218 1,218 1,477 1,607 1,607 1,941 1,844 1,673 1,626 1,552 941 950 373
Slippages 1,894 1,685 22 187 3 184 1,851 284 593 540 434 1,654 1,992 1,064 1,643 773
Restructured Account 1,917 1,917 1,325 638 638 604 599 599 635 1,006 1,064 1,090 1,386 1,655 1,980 0
% of Gross NPAs 3.4% 3.4% 2.7% 2.8% 2.8% 3.0% 2.8% 2.8% 3.0% 3.1% 3.0% 2.9% 3.0% 2.3% 2.8% 2.0%
% of Net NPAs 1.2% 1.2% 0.6% 1.0% 1.0% 1.2% 1.3% 1.3% 1.6% 1.6% 1.5% 1.5% 1.7% 1.3% 1.6% 0.7%
Slippage Ratio 1.5% 5.5% 0.1% 0.3% 0.0% 0.7% 1.7% 1.0% 2.2% 2.1% 1.8% 1.8% 2.7% 1.8% 3.2% 1.8%
Return on Assets 0.9% 0.3% 0.2% 1.5% 0.6% 0.9% 0.9% 0.2% 0.3% 0.3% 0.2% 0.9% 0.8% 0.8% 0.8% 0.6%
RoAE 10.4% 11.1% 9.8% 8.3% 9.8% 5.9% 13.4%
Coverage ratio 65.9% 65.9% 78.2% 65.7% 65.7% 59.6% 54.5% 54.5% 46.4% 49.0% 50.7% 50.1% 44.5% 45.5% 43.0% 64.7%
Business 3,04,523 3,04,523 2,87,175 2,79,659 2,79,659 2,76,235 2,74,558 2,74,558 2,63,814 2,55,440 2,44,569 2,45,177 2,03,949 1,72,256 1,37,963 1,22,110
Advances 1,31,879 1,31,879 1,25,505 1,22,912 1,22,912 1,21,297 1,22,268 1,22,268 1,19,222 1,15,893 1,12,032 1,10,223 91,957 74,591 58,791 51,285
-- advances growth 7.9% 7.9% 5.3% 6.1% 6.1% 8.3% 10.9% 10.9% 13.0% 13.3% 17.3% 19.9% 23.3% 26.9% 14.6% 18.1%
Deposits 1,72,644 1,72,644 1,61,670 1,56,747 1,56,747 1,54,938 1,52,290 1,52,290 1,44,592 1,39,547 1,32,537 1,34,954 1,11,992 97,665 79,172 70,825
-- deposit growth 13.4% 13.4% 11.8% 12.3% 12.3% 16.9% 12.8% 12.8% 17.1% 24.7% 23.8% 20.5% 14.7% 23.4% 11.8% 18.6%
21.7% 21.7% 22.5% 18.9% 18.9% 21.1% 10.4% 10.4% 11.9% 13.3% 9.9% 14.8% 17.1% 23.2% 20.8% 16.0%
47.3% 47.3% 22.7% 25.3% 25.3% 9.0% -8.2% -8.2% 3.7% 13.7% 34.9% 35.7% 7.0% 27.0% 12.0% 22.6%
Casa 58,370 58,370 55,740 52,786 52,786 49,616 46,450 46,450 45,484 44,023 41,676 43,388 37,252 31,838 25,705 21,550

Others 1.8% 1.9% 1.7% 1.8% 1.8% 1.8% 1.6% 1.8% 1.7% 1.6% 1.5% 1.9% 2.1% 2.7% 2.7% 1.0%
Other income 14.1% 13.8% 13.9% 14.4% 14.6% 14.2% 14.6% 20.9% 12.2% 12.9% 12.1% 11.8% 11.9% 12.0% 10.2% 11.8%
Wages 14.8% 15.6% 15.2% 14.2% 14.0% 14.4% 13.4% 15.3% 12.5% 13.5% 12.3% 12.1% 12.7% 13.4% 13.6% 12.0%
PBT 15.5% 19.1% 15.7% 13.7% 11.9% 15.6% 15.4% 11.5% 17.5% 14.4% 18.3% 16.7% 13.8% 15.1% 9.3% 20.5%
Income Tax 4.0% 4.9% 4.0% 3.5% 3.1% 4.0% 3.7% 2.7% 4.3% 1.5% 6.4% 5.8% 4.8% 5.5% 3.2% 6.9%
PAT 11.6% 14.2% 11.7% 10.2% 8.8% 11.6% 11.7% 8.9% 13.2% 12.8% 11.9% 10.9% 9.0% 9.6% 6.1% 13.6%

Federal Bank INDUS EQUITY ADVISORS

2,000 26.9 30.0 700 35.0 30.0
584 25.7
23.3 25.0 600 34.0 23.9
25.0
1,500 19.9 465
23.4 500 434 33.0 18.2
20.0 20.0
367 15.3
477
14.6 20.5 400 32.0 19.3
13.4 15.0 318
1,000 12.8 15.0
392
257 31.0
300
355
14.7
309
7.9 10.0 7.1 10.0
11.8 10.9
264
200 30.0
107
500
214
79
73
1,120
1,102
1,350
1,223
1,523
1,319
1,726
5.0
58
54
5.0
43
100 29.0
32.5
32.6
32.8
32.2
30.5
33.8
588
792
746
977
920
- - - 28.0 -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % INR Bn
Loans Deposits

50 4.0 70.0 65.9 1.4
3.4 1.19
45 3.5 60.0
3.0 54.5 1.2
40 2.8 2.9 50.1
2.8 3.0 1.01
50.0 45.5 44.5
35 43.0 1.0 0.90
2.3 0.87
30 2.5
40.0
25 1.6 1.7 2.0 0.8
1.5 30.0 0.61 0.64
20 1.3 1.3 1.2 1.5
0.6
15 20.0
1.0
10 0.4
10.0
5 0.5
10
16
16
16
16
17
17
28
33
35
46
9
- - - 0.2
%
Federal Bank INDUS EQUITY ADVISORS
18.0 2.5 5.0 56.7 60.0 16.0
1.89 1.98
16.0 14.0
1.87 1.86 4.5 53.0 55.0
1.81
14.18
2.0 51.7 51.3
13.85
14.0
13.38
13.36
13.29
1.63 50.0 49.4 12.0
4.0
12.0
11.81
50.0
1.5 10.0
10.0 3.5
45.0 8.0
8.0
1.0 3.0
6.0 6.0
40.0
2.5 4.0
4.0 0.5
2.0 35.0
13.9
12.4
14.7
14.1
14.4
14.6
2.0 2.0
5 8 9 12 15 16 3.23 3.28 3.10 3.07 3.05 4.42
- - 1.5 30.0 -

2,500 1.0 1.1 12.0 0.94 1.0
0.88 0.85
0.84 0.84 0.9 2.20
0.9
2,000 10.0 0.75
0.6 0.8
0.7
0.7 1.70
0.4 8.0
1,500 0.5
0.6
0.3 6.0 0.5 1.20
1,252
1,252
1,000 - - 0.1 0.4

-0.1 4.0 0.70
0.3
-0.1
500 0.2
2.0
1,516
1,667
1,252
1,696
1,251
1,669
1,263
1,937
1,271
1,941
-0.3 0.1 0.20
May-16
May-17
May-18
May-19
May-20
May-21
May-15
Sep-15
Sep-17
Sep-18
Sep-19
Sep-20
Sep-16
Jan-16
Jan-17
Jan-18
Jan-19
Jan-21
Jan-20
5.95 9.76 8.31 9.77 11.11 10.38
- -0.5 - -
HDFC Bank - Quarterly Financials

(figures in Rs. Crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income

Interest/Discount on Advances/Bills 94,835 23,812 23,581 47,442 23,405 24,037 91,788 24,045 23,425 22,514 21,805 77,544 62,662 52,055 44,828 37,181
Interest on Investment 23,214 6,166 5,832 11,216 5,618 5,598 20,633 5,091 5,203 5,092 5,248 19,997 16,222 15,944 14,120 10,706
Interest on bal. with RBI & other bank 2,341 315 558 1,468 842 626 1,829 629 608 416 175 636 524 532 362 517
Other Interest 468 131 109 229 112 116 563 121 134 144 164 795 833 774 912 66
Total Fund based income 1,20,858 30,424 30,080 60,355 29,977 30,378 1,14,813 29,885 29,370 28,166 27,392 98,972 80,241 69,306 60,221 48,470
--growth y-o-y 5.3% 1.8% 2.4% 8.6% 6.4% 10.9% 16.0% 13.5% 13.4% 16.4% 21.5% 23.3% 15.8% 15.1% 24.2% 17.8%
--growth q-o-q - 1.1% 0.3% - -1.3% 1.6% - 1.8% 4.3% 2.8% 4.0% - - - - -
Other Income 25,205 7,594 7,443 10,168 6,092 4,075 23,261 6,033 6,669 5,589 4,970 17,626 15,220 12,296 10,752 8,996
Total Income 1,46,063 38,018 37,523 70,523 36,069 34,453 1,38,074 35,918 36,039 33,755 32,362 1,16,598 95,462 81,602 70,973 57,466
--growth y-o-y -4.5% -9.4% -9.4% 0.6% -3.1% 4.4% 15.6% 10.9% 14.1% 17.8% 20.1% 26.4% 11.0% 10.8% 25.1% 15.1%
--growth q-o-q - -3.3% -3.1% - -3.5% 0.2% - -3.4% 3.7% 3.9% 6.4% - - - - -
--growth y-o-y 15.5% 12.6% 15.1% 17.3% 16.7% 17.8% 16.5% 16.2% 12.7% 14.9% 22.9% 20.3% 21.0% 20.1% 23.2% 21.2%
--growth q-o-q - 4.9% 3.4% - 0.7% 3.0% - 7.3% 4.9% 1.7% 1.6% - - - - -
Opearating Expenses
Wages 10,365 2,679 2,630 5,056 2,542 2,513 9,526 2,498 2,455 2,355 2,217 7,762 6,806 6,484 5,702 4,751
Other operating expenses 22,358 6,502 5,945 9,911 5,513 4,398 21,172 5,780 5,442 5,051 4,900 18,358 15,885 13,220 11,277 9,237
--growth y-o-y 17.7% 19.9% 17.3% 16.6% 18.1% 15.1% 22.6% 19.5% 20.1% 23.4% 28.9% 21.8% 26.8% 20.4% 22.7% 21.2%
--growth q-o-q - 2.3% 9.9% - 7.7% -1.0% - 0.1% 10.7% 4.9% 2.8% - - - - -
Provisions & Contingencies 15,703 4,694 3,414 7,595 3,704 3,892 12,142 3,784 3,044 2,701 2,614 7,550 5,927 3,593 2,726 2,076
Profit Before Tax 41,659 10,839 11,772 19,048 10,110 8,938 36,607 9,174 9,902 8,997 8,534 32,200 26,697 22,139 18,638 15,329
Provision for Taxes 10,542 2,653 3,014 4,876 2,597 2,279 10,350 2,247 2,485 2,652 2,965 11,122 9,211 7,589 6,342 5,113
Net Profit 31,117 8,187 8,758 14,172 7,513 6,659 26,257 6,928 7,417 6,345 5,568 21,078 17,487 14,550 12,296 10,216
--growth y-o-y 18.5% 18.2% 18.1% 19.0% 18.4% 19.6% 24.6% 17.7% 32.8% 26.8% 21.0% 20.5% 20.2% 18.3% 20.4% 20.5%
--growth q-o-q - -6.5% 16.6% - 12.8% -3.9% - -6.6% 16.9% 14.0% -5.4% - - - - -
FV 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
No of equity shares 551 551 551 550 550 549 548 548 548 547 547 545 519 513 506 501
Reserves 2,03,170 2,03,170 1,70,438 1,70,438 1,48,662 1,05,776 88,950 72,172 61,508
CET 1 16.9% 16.9% 16.8% 17.7% 17.7% 16.7% 16.4% 16.4% 16.2% 15.3% 14.8% 14.9% 12.2%
NIMs 4.2% 4.2% 4.2% 4.2% 4.1% 4.3% 4.3% 4.3% 4.2% 4.2% 4.3% 4.3% 4.3% 4.3% 4.3% 4.4%
DPS 0.0 0.0 15.0 13.0 11.0 9.5 8.0
Dividend Payout 0.0% 0.0% 38.8% 38.6% 38.7% 39.1% 39.3%
HDFC Bank - Quarterly Financials

(figures in Rs. Crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Ratio
OPM@ 26.6% 26.1% 25.7% 27.3% 25.8% 28.8% 22.2% 23.2% 21.4% 21.7% 22.6% 22.4% 21.7% 19.4% 17.6% 17.3%
PBT/NII 64.2% 63.3% 72.1% 60.6% 64.1% 57.1% 65.2% 60.3% 69.9% 66.6% 64.2% 66.7% 66.6% 66.8% 67.5% 68.4%
Adj Book Value 353.0 361.3 350.2 333.2 333.2 317.6 298.9 305.4 299.6 287.6 276.7 262.1 194.7 167.4 138.5 120.1
Gross NPAs 15,086 15,086 8,826 11,305 11,305 13,773 12,650 12,650 13,427 12,508 11,769 11,224 8,607 5,886 4,393 3,438
% of Gross NPAs 1.3% 1.3% 0.8% 1.1% 1.1% 1.4% 1.3% 1.3% 1.4% 1.4% 1.4% 1.4% 1.3% 1.1% 0.9% 0.9%
Net NPAs 4,555 4,555 1,016 1,756 1,756 3,280 3,542 3,542 4,468 3,791 3,567 3,215 2,601 1,844 1,320 896
% of Net NPAs 0.4% 0.4% 0.1% 0.2% 0.2% 0.4% 0.4% 0.4% 0.5% 0.5% 0.4% 0.4% 0.4% 0.3% 0.3% 0.2%
Return on Assets (not annualised) 2.0% 0.5% 0.6% 0.5% 0.5% 0.4% 2.0% 0.5% 0.6% 0.5% 0.5% 2.0% 2.0% 2.0% 2.0% 2.0%
RoAE 16.6% 16.3% 16.4% 17.8% 17.8% 18.1% 19.2%
Coverage Ratio 69.8% 69.8% 88.5% 84.5% 84.5% 76.2% 72.0% 72.0% 66.7% 69.7% 69.7% 71.4% 69.8% 68.7% 69.9% 73.9%
Business 24,67,897 24,67,897 23,53,448 22,67,646 22,67,646 21,92,686 21,41,205 21,41,205 20,03,463 19,18,599 17,84,284 17,42,542 14,47,104 11,98,208 10,11,018 8,16,291
Advances 11,32,837 11,32,837 10,82,324 10,38,335 10,38,335 10,03,299 9,93,703 9,93,703 9,36,030 8,96,984 8,29,730 8,19,401 6,58,333 5,54,568 4,64,594 3,65,495
-- advances growth 14.0% 14.0% 15.6% 15.8% 15.8% 20.9% 21.3% 21.3% 19.9% 19.5% 17.1% 24.5% 18.7% 19.4% 27.1% 20.6%
Deposits 13,35,060 13,35,060 12,71,124 12,29,310 12,29,310 11,89,387 11,47,502 11,47,502 10,67,433 10,21,615 9,54,554 9,23,141 7,88,771 6,43,640 5,46,424 4,50,796
-- deposit growth 16.3% 16.3% 19.1% 20.3% 20.3% 24.6% 24.3% 24.3% 25.2% 22.6% 18.5% 17.0% 22.5% 17.8% 21.2% 22.7%
30.0% 30.0% 34.8% 31.8% 31.8% 29.2% 24.8% 24.8% 18.2% 12.7% 11.8% 11.1% 15.6% 30.9% 18.4% 21.1%
--Current deposits 2,12,182 2,12,182 1,72,108 1,63,019 1,63,019 1,50,077 1,74,248 1,74,248 1,43,900 1,36,791 1,25,663 1,42,498 1,19,283 1,15,574 88,425 73,565
21.8% 21.8% 19.6% 19.2% 19.2% 19.4% 22.3% 22.3% 28.6% 18.8% 15.0% 19.5% 3.2% 30.7% 20.2% 19.6%
Casa 6,15,682 6,15,682 5,46,747 5,11,451 5,11,451 4,77,435 4,84,625 4,84,625 4,21,828 4,01,236 3,79,001 3,91,198 3,43,093 3,09,153 2,36,311 1,98,492

Others 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.5% 0.4% 0.5% 0.5% 0.6% 0.8% 1.0% 1.1% 1.5% 0.1%
Other income 20.9% 25.0% 24.7% 16.8% 20.3% 13.4% 20.3% 20.2% 22.7% 19.8% 18.1% 17.8% 19.0% 17.7% 17.9% 18.6%
Wages 8.6% 8.8% 8.7% 8.4% 8.5% 8.3% 8.3% 8.4% 8.4% 8.4% 8.1% 7.8% 8.5% 9.4% 9.5% 9.8%
PBT 34.5% 35.6% 39.1% 31.6% 33.7% 29.4% 31.9% 30.7% 33.7% 31.9% 31.2% 32.5% 33.3% 31.9% 30.9% 31.6%
Income Tax 8.7% 8.7% 10.0% 8.1% 8.7% 7.5% 9.0% 7.5% 8.5% 9.4% 10.8% 11.2% 11.5% 11.0% 10.5% 10.5%
PAT 25.7% 26.9% 29.1% 23.5% 25.1% 21.9% 22.9% 23.2% 25.3% 22.5% 20.3% 21.3% 21.8% 21.0% 20.4% 21.1%

HDFC BANK INDUS EQUITY ADVISORS

12,000 27.1 28.0 7,000 49.0 35.0
30.8
24.5 24.3 26.0 48.0
10,000 6,000 27.0 30.0
22.5 24.0 6,157 47.0 23.9
21.2 5,000 46.0 25.0
8,000 21.3 22.0
19.4 19.1
8,194
4,846 45.0
18.7 20.0 4,000 3,912 20.0
6,000
4,035
44.0
11,328
14.0
6,583
9,937
16.3 18.0 3,000 3,431 15.0
43.0
5,546
17.8 3,092 11.0
3,104
4,000 17.0 16.0 2,363
4,646
14.0 2,000 42.0 10.0
2,487
2,238
14.0
2,122
11,475
13,351
41.0
1,936
5,464
6,436
7,888
9,231
2,000
1,479
1,156
1,193
1,742
1,425
43.25
48.03
43.50
42.38
42.23
46.12
12.0 1,000 5.0
884
INR Bn 40.0
- 10.0 - 39.0 -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21
%
Loans Deposits

160.0 1.36 1.50 73.0 1.80 1.64
1.30 1.32
1.26 72.0
140.0 1.30 1.60
150.9
72.0
1.05 71.4 1.40
120.0 0.94 1.10
126.5
71.0 1.20 1.00

112.2
100.0 0.90
69.9 69.8 69.8 1.00 0.87
70.0 0.81
80.0 0.70
86.1
0.80 0.62
0.40 0.40 0.51
60.0 0.39 0.36 0.50 69.0 68.7 0.60
0.28 0.33
58.9
40.0 0.30 0.40

68.0
43.9
13.2
18.4
26.0
32.1
35.4
45.5
20.0 0.10 0.20

67.0 -
- -0.10
FY16 FY17 FY18 FY19 FY20 FY21 %
HDFC BANK INDUS EQUITY ADVISORS
PAT Growth and PPOP Margin NIMs and Cost to Income Ratio (%) Capital Ratios
30.0 3.6 5.0 50.0 20.0
3.5 3.5 4.5 45.0 18.0
25.0 3.4 3.5
4.0 16.0
16.9
44.3 40.0
16.4
3.4 43.4
3.5 41.0 14.0
14.9
20.0 3.4 39.7
3.0 38.6 35.0 12.0
13.2
12.8
36.3
12.2
15.0 3.3 2.5 30.0 10.0
3.2 3.2
2.0 25.0 8.0
10.0 3.2
1.5 6.0
20.0
1.0 4.0
5.0 3.1
15.5
14.6
14.8
17.1
18.5
18.8
0.5 15.0 2.0
20.4 18.3 20.2 20.5 24.6 18.5 4.30 4.30 4.30 4.30 4.30 4.20
- 3.0 - 10.0 -
PAT Gr. YoY (%) PPOP Margin (%) (RHS) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)

18,000 14.0 20.0 2.1 5.20
18.0 2.01
16,000 12.6
12.0 4.70
16,087
16.0 2.0
14,000 1.97
14,901
10.0 14.0 4.20

12,000
13,160
12,635
12.0 2.0
12,260
1.93
12,000
10,000 8.0 3.70

6.6 6.1 10.0 1.90
8,000 6.0 1.89
8.0 1.88 1.9 3.20
6,000 6.0
4.3 3.5 4.0
4,000
2.70
4.0 1.9
4,715
4,787
5,416
4,520
5,103
5,608
2.0
2,000 1.5 2.0 2.20
17.97 18.04 18.22 16.30 16.80 16.61
Apr-15
Apr-16
Apr-17
Apr-18
Apr-19
Apr-20
Apr-21
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
- - - 1.8
ICICI Bank - Quarterly Financials
Income Statement
Fund based income
Interest on bal with RBI and other banks 1,632 308 458 866 421 445 682 214 184 136 147 736 663 495 158 195
Others 3,658 980 1,116 1,562 850 712 1,892 516 406 399 571 1,926 1,868 2,680 3,013 1,320
--growth y-o-y 5.8% 3.4% 3.5% 8.2% 5.7% 10.8% 18.0% 11.0% 17.1% 22.9% 22.1% 15.3% 1.5% 2.7% 7.4% 11.1%
--growth q-o-q - 0.6% 0.5% - -1.5% 3.8% - 0.7% 2.7% 3.3% 4.0% - - - - -
Other Income 18,969 4,111 4,686 10,171 4,028 6,143 16,449 4,255 4,574 4,194 3,425 14,512 17,420 19,504 15,323 12,176
Total Income 98,087 23,953 24,416 49,718 23,651 26,067 91,247 23,444 23,638 22,760 21,406 77,913 72,385 73,661 68,062 61,267
--growth y-o-y -3.4% -8.3% -6.7% 0.7% -2.4% 3.9% 14.1% 6.1% 11.8% 20.9% 18.8% 13.9% -1.5% 2.9% 4.9% 8.5%
--growth q-o-q - -4.1% -4.3% - -3.6% 3.7% - -2.4% 0.1% 2.6% 5.9% - - - - -
--growth y-o-y 17% 17% 16% 18% 16% 20% 23% 17% 24% 26% 27% 17% 6% 2% 11% 16%
--growth q-o-q - 0.1 6% - 1% 0.0 - 0.0 6% 4% 2% - - - - -
Opearating Expenses
Employee Cost 8,092 2,008 1,950 4,133 1,967 2,166 8,271 2,235 1,942 2,141 1,953 6,808 5,914 5,734 5,002 4,750
--growth y-o-y 29.5% 15.6% 16.8% 44.6% 20.2% 71.4% 19.9% 18.6% 22.8% 30.9% 8.3% -5.3% -6.6% 11.0% 21.0% 18.8%
--growth q-o-q - -3.2% 6.8% - -23.3% 45.8% - -2.1% 9.8% 9.3% 0.9% - - - - -

Others 16,214 2,883 2,742 10,589 2,995 7,594 14,053 5,967 2,083 2,507 3,496 19,661 17,307 15,208 8,068 3,900
Total 16,214 2,883 2,742 10,589 2,995 7,594 14,053 5,967 2,083 2,507 3,496 19,661 17,307 15,208 8,068 3,900
Profit Before tax 20,183 5,656 6,078 8,448 5,266 3,183 14,048 1,423 5,465 4,367 2,793 3,777 7,434 11,279 15,796 15,820
Exceptional Items (collective contigency ) 3,600
Income Tax 3,990 1,254 1,138 1,598 1,014 583 6,117 201 1,319 3,712 885 413 657 1,478 2,469 4,645
Net Profit 16,193 4,403 4,940 6,850 4,251 2,599 7,931 1,221 4,146 655 1,908 3,363 6,777 9,801 9,726 11,175
--growth y-o-y 104.2% 260.5% 19.1% 167.3% 549.1% 36.2% 135.8% 26.0% 158.4% -27.9% -1696.0% -50.4% -30.9% 0.8% -13.0% 13.9%
--growth q-o-q - -10.9% -27.9% - 63.6% 112.8% - -70.5% 61.8% -65.7% 96.9% - - - - -
Reserves 1,43,029 1,43,029 1,38,269 1,33,155 1,33,155 1,14,206 1,12,091 1,12,091 1,10,659 1,06,269 1,06,060 1,07,074 1,00,864 95,738 85,748 79,262
CET 1 16.8% 16.8% 15.3% 15.3% 15.3% 13.6% 13.4% 13.4% 13.6% 13.2% 13.2% 13.6% 14.4% 13.7% 13.0% 12.8%
NIMs 3.7% 3.8% 3.7% 3.6% 3.6% 3.7% 3.7% 3.9% 3.8% 3.6% 3.6% 3.4% 3.3% 3.3% 3.5% 3.5%
DPS 2.0 0.0 1.0 1.5 2.5 5.0 5.0
Dividend Payout 9% 0% 19% 14% 15% 30% 26%
ICICI Bank - Quarterly Financials
Ratios
OPM@ 22.0% 22.3% 21.0% 22.4% 21.6% 23.3% 15.6% 16.3% 15.6% 14.4% 15.9% 14.1% 13.3% 12.9% 16.2% 15.4%
PBT/NII 51.8% 54.2% 61.3% 45.3% 56.2% 34.3% 42.2% 15.9% 64.0% 54.2% 36.1% 14.0% 32.3% 51.9% 74.4% 83.1%
Adj Book Value 195.5 195.5 195.2 184.6 184.6 164.9 159.5 159.5 157.0 149.6 148.0 147.0 115.5 122.7 127.1 127.9
Gross NPAs 41,373 41,373 34,860 38,989 38,989 40,386 41,409 41,409 43,454 45,639 45,763 46,292 54,063 42,552 26,221 15,095
Net NPAs 9,180 9,180 4,861 7,188 7,188 8,675 10,114 10,114 10,389 10,916 11,857 13,577 27,886 25,451 12,964 6,256
Slippages 10,171 5,523 471 4,177 3,017 1,160 14,930 5,306 4,363 2,482 2,779 12,791 29,767 33,547 16,711 7,967
% of Gross NPAs 5.0% 5.0% 4.4% 5.2% 5.2% 5.5% 5.5% 5.5% 6.0% 6.4% 6.5% 6.7% 8.8% 7.9% 5.8% 3.8%
% of Net NPAs 1.1% 1.1% 0.6% 1.0% 1.0% 1.2% 1.4% 1.4% 1.5% 1.6% 1.8% 2.1% 4.8% 4.9% 3.0% 1.6%
Slippage Ratio 1.6% 0.9% 0.3% 1.4% 2.0% 0.8% 2.5% 3.6% 3.1% 1.8% 2.2% 2.5% 6.4% 7.7% 4.3% 2.4%
Return on Assets 1.4% 1.5% 1.7% 1.2% 1.5% 1.0% 0.8% 0.5% 1.7% 0.3% 0.8% 0.4% 0.9% 1.4% 1.5% 1.9%
RoAE 12.6% 7.2% 3.2% 6.8% 10.7% 11.6% 14.5%
Coverage Ratio 77.8% 77.8% 86.1% 81.6% 81.6% 78.5% 75.6% 75.6% 76.1% 76.1% 74.1% 70.7% 48.4% 40.2% 50.6% 58.6%
Business 16,66,251 16,66,251 15,73,365 14,85,544 14,85,544 14,32,837 14,16,259 14,16,259 13,51,999 13,09,632 12,53,147 12,39,566 10,73,370 9,54,271 8,56,690 7,49,085
Advances 7,33,729 7,33,729 6,99,017 6,52,608 6,52,608 6,31,215 6,45,290 6,45,290 6,35,654 6,13,359 5,92,415 5,86,647 5,12,395 4,64,232 4,35,264 3,87,522
-- advances growth 13.7% 13.7% 10.0% 6.4% 6.4% 6.5% 10.0% 10.0% 12.6% 12.6% 14.7% 14.5% 10.4% 6.7% 12.3% 14.4%
--Retail Advances 4,89,220 4,89,220 4,58,778 4,29,581 4,29,581 4,04,576 4,08,003 4,08,003 3,97,646 3,80,966 3,63,596 3,52,831 2,89,900 2,41,401 2,04,574 1,64,400
Deposits 9,32,522 9,32,522 8,74,348 8,32,936 8,32,936 8,01,622 7,70,969 7,70,969 7,16,345 6,96,273 6,60,732 6,52,920 5,60,975 4,90,039 4,21,426 3,61,563
-- deposit growth 21.0% 21.0% 22.1% 19.6% 19.6% 21.3% 18.1% 18.1% 18.1% 24.6% 20.8% 16.4% 14.5% 16.3% 16.6% 8.9%
-- saving deposit growth 20.3% 20.3% 18.4% 11.5% 11.5% 12.1% 7.9% 7.9% 11.7% 11.1% 9.5% 13.3% 17.0% 28.0% 16.9% 15.9%
--Current deposits 1,36,170 1,36,170 1,16,741 1,07,517 1,07,517 95,780 1,02,227 1,02,227 1,00,989 94,431 80,401 96,269 88,958 74,984 58,870 49,520
-- current deposit growth 33.2% 33.2% 15.6% 13.9% 13.9% 19.1% 6.2% 6.2% 14.0% 24.1% 4.8% 8.2% 18.6% 27.4% 18.9% 14.5%
Casa 4,31,623 4,31,623 3,95,415 3,64,580 3,64,580 3,40,616 3,47,818 3,47,818 3,36,409 3,25,000 2,98,877 3,23,940 2,89,925 2,46,822 1,93,100 1,64,380
Others 4.6% 4.9% 5.7% 3.9% 4.3% 3.6% 2.5% 2.7% 2.1% 2.2% 3.2% 3.0% 3.4% 4.9% 5.7% 2.7%
other Income 24.0% 20.7% 23.8% 25.7% 20.5% 30.8% 22.0% 22.2% 24.0% 22.6% 19.1% 22.9% 31.7% 36.0% 29.1% 24.8%
Wages 10.2% 10.1% 9.9% 10.5% 10.0% 10.9% 11.1% 11.6% 10.2% 11.5% 10.9% 10.7% 10.8% 10.6% 9.5% 9.7%
PBT 25.5% 28.5% 30.8% 21.4% 26.8% 16.0% 18.8% 7.4% 28.7% 23.5% 15.5% 6.0% 13.5% 20.8% 30.0% 32.2%
Income Tax 5.0% 6.3% 5.8% 4.0% 5.2% 2.9% 8.2% 1.0% 6.9% 20.0% 4.9% 0.7% 1.2% 2.7% 4.7% 9.5%
PAT 20.5% 22.2% 25.0% 17.3% 21.7% 13.0% 10.6% 6.4% 21.7% 3.5% 10.6% 5.3% 12.3% 18.1% 18.4% 22.8%
ICICI Bank INDUS EQUITY ADVISORS

10,000 25.0 5,000 54.0 27.8 30.0
4,316
21.0 4,500 24.1
52.0 25.0
8,000 18.1 20.0 4,000 3,478
16.6 16.3 16.4 3,500
3,239 50.0
2,899 17.5 20.0
14.5
6,000 13.7 15.0 3,000 2,468 48.0
12.3 17.5
2,955
14.5 2,500 1,931 11.7 15.0
1,362
10.4 46.0
2,456
4,000 10.0 2,000
1,022
2,277
6.7 7.4 10.0
2,010
963
10.0
890
1,500 44.0
750
1,718
589
1,000
1,342
2,000 5.0 5.0
4,353
4,642
4,900
5,124
5,610
5,866
6,453
7,710
7,337
9,325
4,214
6,529
42.0
45.8
50.4
51.7
49.6
45.1
46.3
500
INR- Bn 40.0 -
-
INR Bn -
% FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

600 10.0 90.0 3.50
8.8 77.8
9.0 80.0 75.6
7.9 70.7 3.00 3.27
500
8.0 70.0 3.06
2.50 2.92
6.7 7.0 60.0
400 5.8 50.6
5.5 6.0 48.4
4.8 50.0 2.00
4.9 5.0 40.2
300 5.0
40.0 1.50
4.0 1.75 1.66
3.0 30.0
200 1.00 1.43
3.0
2.1 20.0
1.4 1.1 2.0
100 0.50
10.0
130
255
279
136
101
262
541
463
414
426
414
1.0
92
- - - -
%
180.0 4.0 4.0 50.0 25.0
160.0 3.49 3.55 43.6 43.5
45.0
140.0 3.5 3.5 38.8 20.0
37.2 40.0
3.00 3.13 34.7 35.8
120.0
3.0 3.0 35.0 15.0
16.8
100.0
2.54 30.0
14.4
80.0
13.7
13.6
13.4
13.0
2.72 2.5 2.5 25.0 10.0
60.0
40.0 2.0 20.0
2.0 5.0
20.0
16.6
17.4
18.4
16.9
16.1
19.1
97 98 68 34 79 162 15.0
- 1.5 3.49 3.25 3.28 3.42 3.73 3.69
1.5 10.0 -

16,000 9.9 9.2 11.0 14.0 1.49 1.6 3.60
9.0 1.42
1.35
14,000 9.0 12.0 1.4 3.10
12,000 7.0 1.2
10.0 2.60
10,000 5.0 0.87 1.0
8.0 0.81 2.10
8,000 3.0 0.8
0.4 0.1 6.0 1.60
6,000 1.0 0.43 0.6
-1.1
4.0 1.10
4,000 -1.0 0.4
13,766
14,367
14,987
15,688
14,136
13,822
4,450
4,850
4,867
4,874
5,324
5,266
2,000 -3.0 2.0 0.2 0.60

10.56 10.00 6.60 3.11 6.31 12.56
Aug-15
Aug-16
Aug-17
Aug-19
Aug-20
Aug-18
Apr-16
Apr-17
Apr-18
Apr-19
Apr-21
Apr-15
Apr-20
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
- -5.0 - -
ICICI and It’s Subsidiaries
Profit after tax (Rs. Billion) FY17 FY18 FY19 FY20 FY21
ICICI Prudential Life Insurance 16.82 16.20 11.41 10.69 9.60
ICICI Lombard General Insurance 7.02 8.62 10.49 11.94 14.73
ICICI Prudential Asset Management 4.80 0.14 6.83 10.46 12.45
ICICI Securities (Consolidated) 3.39 5.53 4.91 5.42 10.68
ICICI Securities Primary Dealership 4.12 0.84 0.78 3.31 5.70
ICICI Home Finance 1.83 1.06 0.44 0.00 0.22
ICICI Venture 0.11 0.70 0.13 0.04
ICICI Bank UK (USD million) -25.50 -52.90 23.20 14.80
ICICI Bank Canada (CAD million) 44.20 52.40 40.60 20.00
Source: Company, Indus Equity

IDBI - Quarterly Financials
Income Statement
Fund based income
Others 2,306 1,503 218 584 267 317 1,489 592 286 288 324 1,058 1,201 1,449 1,283 45
--growth y-o-y -4.3% 3.3% -7.6% -6.8% -9.8% -3.8% -5.6% 2.5% -10.1% -2.9% -11.6% -4.1% -17.3% -0.7% -0.4% 5.9%
--growth q-o-q - 26.7% -2.7% - -4.3% -12.5% - 13.4% -5.0% 2.1% -6.8% - - - - -
Other Income 4,625 1,181 1,368 2,075 1,072 1,004 4,470 1,326 1,278 1,033 833 3,300 6,562 3,923 3,410 4,008
Total Income 24,557 6,963 5,932 11,662 5,761 5,901 25,295 6,925 6,216 6,231 5,924 25,372 29,588 31,759 31,453 32,162
--growth y-o-y -17.6% -21.6% -19.1% -15.0% -16.1% -14.0% -14.3% -15.9% -17.7% -12.0% -11.8% -7.0% -21.1% 0.4% -2.0% 8.9%
--growth q-o-q - -7.7% -8.0% - -4.2% -3.6% - -4.8% -4.5% -1.8% -5.7% - - - - -
--growth y-o-y 22.1% 37.5% 18.1% 12.3% 3.9% 21.7% 18.2% 46.4% 12.9% 25.4% -11.0% 4.7% -2.7% -4.8% 5.9% -4.5%
--growth q-o-q - 79.1% 6.7% - -4.4% -24.7% - 53.8% -6.1% 11.9% -9.4% - - - - -
Opearating Expenses
Wages 3,090 733 796 1,561 789 772 3,245 924 773 938 611 2,203 1,795 2,235 1,717 1,966
Other administrative Exps 2,962 809 742 1,410 731 679 3,091 885 760 716 729 2,951 2,950 2,905 2,413 2,061
Profit before Tax and Provisions (Pbtp) 7,091 2,879 1,639 2,572 1,246 1,326 5,112 1,874 1,278 1,009 951 4,052 7,457 4,578 5,370 5,728
--growth y-o-y 38.7% 53.7% 28.3% 31.2% 23.5% 39.4% 26.2% 34.2% 76.2% 18.8% -12.0% -45.7% 62.9% -14.7% -6.3% 0.8%
--growth q-o-q - 75.6% 31.5% - -6.0% -29.2% - 46.6% 26.6% 6.2% -31.9% - - - - -

Provision for NPA -2,571 -1,120 49 -1,499 -165 -1,335 9,483 1,511 440 3,545 7,009 7,233 0 0 0 0
Others 7,293 3,576 748 2,969 746 2,223 4,596 73 82 2,096 -677 19,646 20,050 13,196 10,341 4,441
Total 4,722 2,457 796 1,469 581 888 14,079 1,584 522 5,641 6,332 26,879 20,050 13,196 10,341 4,441
Profit Before tax 2,369 423 843 1,103 665 438 -8,967 290 756 -4,632 -5,381 -22,827 -12,593 -8,618 -4,971 1,287
Income Tax 1,009 -90 465 634 341 294 3,920 154 6,519 -1,173 -1,580 -7,711 -4,355 -3,460 -1,306 414
effective tax rate 42.6% -21.2% 55.1% 57.5% 51.2% 67.0% -43.7% 53.3% 862.4% 25.3% 29.4% 33.8% 34.6% 40.1% 26.3% 32.2%
Net Profit 1,359 512 378 469 324 144 -12,887 135 -5,763 -3,459 -3,801 -15,116 -8,238 -5,158 -3,665 873
--growth y-o-y -110.5% 278.3% -106.6% -106.5% -109.4% -103.8% -14.7% -102.8% 37.7% -4.0% 57.7% 83.5% 59.7% 40.7% -519.6% -22.1%
--growth q-o-q - 35.4% - 124.6% 6.7% - -102.3% -9.0% -22.7% - - - - -
Reserves 19,777 - 17,140 3,261 23,148 13,072 15,087 20,055 21,050
Govt Holding 45.5% 45.5% 45.5% 47.1% 47.1% 47.1% 47.1% 47.1% 47.1% 46.5% 6.5% 46.5% 81.0% 74.0% 74.0% 76.5%
CET 1 13.1% 13.1% 12.2% 11.1% 11.1% 10.6% 10.5% 10.5% 10.0% 9.3% 5.9% 8.9% 7.4% 5.6% 8.0% 7.3%
NIMs 3.4% 5.1% 2.9% 2.8% 2.8% 2.6% 3.8% 2.3% 2.0% 1.8% 1.8% 1.9% 1.9%
Earning per share 1.3 0.5 0.4 0.5 0.3 0.1 -12.4 0.1 -5.6 -4.5 -4.9 -19.5 -26.7 -25.1 -17.8 5.4
DPS 0.0 0.0 0.0 0.0 0.0 0.8 0.8
Dividend Payout 0 0 0 0 0 -0 0
IDBI - Quarterly Financials
Ratios
OPM@ 12.4% 29.4% 5.9% 5.2% 3.7% 6.6% 3.1% 9.8% 0.0% -0.4% 2.3% 3.4% 3.9% 2.4% 7.0% 6.1%
Adj Book Value 26.1 26.1 24.5 23.7 23.7 22.3 21.3 21.3 16.3 20.3 20.8 20.7 -40.6 -39.1 36.3 103.2
Gross NPAs 36,212 36,212 37,559 41,091 41,091 44,475 47,272 47,272 49,503 52,053 51,658 50,028 55,588 44,752 24,875 12,685
Net NPAs 2,519 2,519 2,411 3,363 3,363 4,474 5,439 5,439 6,805 7,919 10,963 14,837 28,665 25,206 14,643 5,993
% of Gross NPAs 22.4% 22.4% 23.5% 25.1% 25.1% 26.8% 27.5% 27.5% 28.7% 29.4% 29.1% 27.5% 28.0% 21.3% 11.0% 5.9%
% of Net NPAs 2.0% 2.0% 1.9% 2.7% 2.7% 3.6% 4.2% 4.2% 5.3% 6.0% 8.0% 10.1% 16.7% 13.2% 6.8% 2.9%
Return on Assets 0.5% 0.7% 0.5% 0.3% 0.4% 0.2% -4.3% 0.2% -7.6% -4.5% -5.0% -4.7% -2.4% -1.4% -1.0% 0.3%
RoAE 4.7% -44.1% -64.3% -49.5% -26.3% -16.4% 3.9%
Coverage Ratio 93.0% 93.0% 93.6% 91.8% 91.8% 89.9% 88.5% 88.5% 86.3% 84.8% 78.8% 70.3% 48.4% 43.7% 41.1% 52.8%
Business 3,59,048 3,59,048 3,48,864 3,50,018 3,50,018 3,45,254 3,52,266 3,52,266 3,47,851 3,64,547 3,67,489 3,74,162 4,19,672 4,59,364 4,81,613 4,68,213
Advances 1,28,150 1,28,150 1,24,465 1,26,103 1,26,103 1,25,875 1,29,842 1,29,842 1,29,671 1,32,718 1,36,705 1,46,790 1,71,740 1,90,826 2,15,893 2,08,377
-- advances growth -1.3% -1.3% -4.0% -5.0% -5.0% -7.9% -11.5% -11.5% -15.0% -15.9% -14.5% -14.5% -10.0% -11.6% 3.6% 5.4%
Deposits 2,30,898 2,30,898 2,24,399 2,23,915 2,23,915 2,19,379 2,22,424 2,22,424 2,18,180 2,31,830 2,30,784 2,27,372 2,47,932 2,68,538 2,65,720 2,59,836
-- deposit growth 3.8% 3.8% 2.9% -3.4% -3.4% -4.9% -2.2% -2.2% -5.1% -1.9% -3.8% -8.3% -7.7% 1.1% 2.3% 10.2%
--Savings deposits 75,891 75,891 70,952 68,341 66,882 65,658 65,658 61,926 60,871 59,330 61,414 57,125 50,384 39,850 34,701
15.6% 15.6% 14.6% 12.3% 12.7% 6.9% 6.9% 7.7% 6.7% 8.3% 7.5% 13.4% 26.4% 14.8% 22.5%
--Current deposits 40,601 40,601 38,927 39,876 37,433 40,530 40,530 42,040 43,157 40,260 35,317 34,977 34,086 29,154 30,416
0.2% 0.2% -7.4% -7.6% -7.0% 14.8% 14.8% 36.8% 30.6% 32.4% 1.0% 2.6% 16.9% -4.1% 21.6%
Casa 1,16,492 1,16,492 1,09,880 1,08,217 1,08,217 1,04,315 1,06,188 1,06,188 1,03,966 1,04,028 99,590 96,731 92,102 84,470 69,004 65,117

Others 11.6% 26.0% 4.8% 6.1% 5.7% 6.5% 7.2% 10.6% 5.8% 5.5% 6.4% 4.8% 5.2% 5.2% 4.6% 0.2%
Other income 23.2% 20.4% 30.0% 21.6% 22.9% 20.5% 21.5% 23.7% 25.9% 19.9% 16.4% 15.0% 28.5% 14.1% 12.2% 14.2%
Wages 15.5% 12.7% 17.4% 16.3% 16.8% 15.8% 15.6% 16.5% 15.6% 18.0% 12.0% 10.0% 7.8% 8.0% 6.1% 7.0%
Provisions and contingencies 36.6% 61.9% 16.4% 31.0% 15.9% 45.4% 22.1% 1.3% 1.7% 40.3% -13.3% 89.0% 87.1% 47.4% 36.9% 15.8%
PBT 11.9% 7.3% 18.5% 11.5% 14.2% 8.9% -43.1% 5.2% 15.3% -89.1% -105.7% -103.4% -54.7% -31.0% -17.7% 4.6%
Income Tax 5.1% -1.5% 10.2% 6.6% 7.3% 6.0% 18.8% 2.8% 132.0% -22.6% -31.0% -34.9% -18.9% -12.4% -4.7% 1.5%
PAT 6.8% 8.9% 8.3% 4.9% 6.9% 2.9% -61.9% 2.4% -116.7% -66.5% -74.7% -68.5% -35.8% -18.5% -13.1% 3.1%

IDBI Bank INDUS EQUITY ADVISORS

3,000 3.8 5.0 1,400 60.0 22.4 25.0
3.6
1.1 1,165
2,500 2.3 -2.2 -1.3 1,200 1,062 50.0
- 967 20.0
921
1,000 845
2,000 -7.7 40.0
-5.0 690 15.0
-8.3 800
1,500 30.0
-11.5 9.8 9.7
759
600 9.0
-10.0
406
405
10.0
657
353
350
341
614
1,000 -10.0 20.0
292
571
-14.5 6.0
-11.6 400 5.0
504
-15.0
399
5.0
2,159
2,657
1,908
2,685
1,717
2,479
1,468
2,274
1,298
2,224
1,281
2,309
500 10.0
200
26.0
31.5
37.1
42.5
47.7
50.5
- -20.0 INR- Bn - -
Loans Deposits

600 28.0 27.5 27.5 30.0 100.0 14.00
90.0
12.00
500 22.4 25.0 80.0
21.3 12.01
70.0 10.00
400 20.0
16.7 60.0 8.00
300 13.2 15.0 50.0
11.0 6.00
10.1 40.0 6.49 6.86
200 6.8 10.0 30.0 4.00
4.61
4.2 20.0
100 2.0 5.0 2.00
55.0
63.4
82.9
93.7
96.9
57.2
41.1
43.7
48.4
70.3
88.5
93.0
146
252
287
148
249
556
500
473
362
10.0
448
54
25
- 1.65 1.36
- - -
%
IDBI Bank INDUS EQUITY ADVISORS
40.0 2.37 2.5 3.5 56.0 55.3 60.0 18.0
2.09 52.9
20.0 3.3 55.0 16.0
46.0
- 2.0 3.1 50.0
1.47 1.65 43.5 14.0
-20.0 2.9 45.0
38.9 12.0
13.1
-40.0 1.24 1.5
1.21 2.7 40.0
-60.0 10.0
10.5
2.5 35.0
-80.0 1.0 8.0
8.9
2.3 30.0
8.0
7.4
-100.0 6.0
2.1 25.0
5.6
-120.0 0.5 4.0
1.9 20.0
-140.0
11.7
10.7
10.4
11.6
13.3
15.6
-36.6 -51.6 -82.4 -151.2 -128.9 13.6 1.7 15.0 2.0
-160.0 - 1.9 1.8 1.8 2.0 2.6 3.4
FY16 FY17 FY18 FY19 FY20 FY21 1.5 10.0 -

4,000 13.0 10.0 0.46 1.0 2.40
10.8
3,500 11.0 -
3,700
-
3,683
1.90
3,537
7.6 9.0 -1.02

3,388
3,310
3,000
3276
-10.0 -1.39 -1.0

7.0 1.40
2,500 -20.0
5.0 -2.37 -2.0
2,000 2.7
-30.0 0.90
1.1 3.0
-3.0
1,500 0.0 -40.0 -4.26
1.0
-1.3 -4.68 -4.0 0.40
1,000 -1.0 -50.0
1,846
1,896
1,892
1,892
2,096
1916
500 -3.0 -60.0 -5.0

-0.10
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
-16.4 -26.3 -49.5 -64.3 -44.1 4.7
- -5.0 -70.0 -6.0
IDFC Bank First - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16
Income Statement
Fund based income
Interest / Discount on advances 12,391 3,215 3,188 5,988 2,982 3,006 11,635 3,001 2,984 2,883 2,767 7,826 4,723 5,099 2,396
Income on Investments 3,039 685 844 1,510 760 750 3,917 865 1,029 1,062 961 3,906 4,041 3,289 1,234
Interest on bal with RBI and other banks 112 30 31 51 16 35 81 45 6 13 16 23 8 47 7
Others 184 64 37 83 43 40 235 44 82 60 49 194 157 98 56
Total Fund based income 15,726 3,993 4,101 7,632 3,801 3,831 15,867 3,956 4,100 4,018 3,793 11,948 8,930 8,533 3,693
--growth y-o-y -0.9% 0.9% 0.0% -2.3% -5.4% 1.0% 32.8% 9.0% 11.9% 72.1% 63.4% 33.8% 4.7% 131.0%
--growth q-o-q -3% 7.9% -0.8% -3.1% -4% 2.0% 5.9% 4.5%
Other Income 2,254 841 759 653 168 485 1,722 484 579 349 310 939 1,118 1,014 403
Total Income 17,979 4,834 4,860 8,285 3,969 4,316 17,589 4,440 4,679 4,367 4,104 12,887 10,048 9,547 4,096
Total Interest Expense 8,588 2,033 2,209 4,346 2,141 2,205 10,232 2,392 2,566 2,655 2,619 8,749 7,132 6,515 2,802
--growth y-o-y -16.1% -15.0% -13.9% -17.6% -19.4% -15.8% 16.9% -4.9% 1.9% 41.0% 43.0% 22.7% 9.5% 132.6%
--growth q-o-q -8% 3.2% -2.9% -7.8% -7% -3.4% 1.4% 4.1%
Net Interest Income 7,138 1,960 1,892 3,286 1,660 1,626 5,635 1,563 1,534 1,363 1,174 3,199 1,798 2,017 847
--growth y-o-y 26.7% 25.4% 23.3% 29.5% 21.8% 38.4% 76.2% 40.5% 34.0% 202.1% 139.8% 77.9% -10.9% 138.1%
--growth q-o-q 4% 14.0% 2.1% 4.0% 2% 12.6% 16.1% 5.5%
Opearating Expenses
Employee Cost 1,977 520 526 932 489 443 1,528 364 399 404 361 1,118 676 574 257
Depereciation on banks property 0 231 79 73 78 213 167 147
Other administrative Exps 4,874 1,636 1,465 1,773 997 776 3,663 1,164 954 817 728 1,956 601 302 254
Total Operating Expenses 6,851 2,156 1,991 2,705 1,486 1,219 5,421 1,527 1,432 1,295 1,167 3,287 1,653 1,278 511
Profit before Tax and Provisions (Pbtp) 2,541 646 661 1,234 342 892 1,937 520 682 418 318 850 1,263 1,753 740
--growth q-o-q -2% 93.1% -61.6% 71.5% -24% 63.3% 31.4% 33.2%

Others 2,065 603 482 980 216 764 4,315 412 2,305 317 1,281 1,546 236 283 24
Total 2,065 603 482 980 216 764 4,315 412 2,305 317 1,281 1,546 236 283 24
Excepitional gain 0 0 2,599 0 0 0
Profit Before tax 476 43 179 254 126 128 -2,379 107 -1,623 100 -963 -3,295 1,027 1,471 716
Income Tax 24 -85 49 59 25 34 486 36 16 780 -346 -1,351 168 451 249
effective tax rate 5% -196% 28% 20% 27% -20% 33% -1% 778% 36% 41% 16% 31% 35%
Net Profit 452 128 130 195 101 94 -2,864 72 -1,639 -680 -617 -1,944 859 1,020 467
Paid up Equity Share Capital 5,676 5,676 5,673 5,672 5,672 5,672 4,810 4,810 4,789 4,783 4,782 4,782 3,404 3,399 3,393
Reserves 12,132 11,670 10,533 13,378 11,852 11,279 10,240
Capital Adequacy Ratio (Basel II) 13.8% 13.8% 14.3% 14.7% 14.7% 15.0% 13.4% 13.4% 13.3% 14.7% 14.0% 15.5% 18.0% 18.9% 22.0%
Earning per share 0.8 0.2 0.2 0.3 0.2 0.2 -6.0 0.1 -3.4 -1.4 -1.3 -4.1 2.5 3.0 1.4
DPS 0.0 0.0 0.0 0.8 0.8 0.3
Dividend Payout 0.0% 0.0% 0.0% 29.7% 25.0% 18.2%
* 9MFY190Post merger
IDFC Bank First - Quarterly Financials
Ratios
NII/Core Interest Income 45% 49% 46% 43% 44% 42% 36% 40% 37% 34% 31% 27% 20% 24% 23%
Cost to Income Ratio 73% 77% 75% 69% 81% 58% 74% 75% 68% 76% 79% 79% 57% 42% 41%
Provisioning/Pbtp 81% 93% 73% 79% 63% 86% 223% 79% 338% 76% 403% 182% 19% 16% 3%
OPM@ 2% -5% -2% 8% 5% 11% 1% 1% 3% 2% 0% -1% 2% 9% 9%
Other Income/Total Income 13% 17% 16% 8% 4% 11% 10% 11% 12% 8% 8% 7% 11% 11% 10%
Book value per share 31 31 31 31 31 31 32 32 35 37 37 38 45 43 40
Adj Book Value 28 28 28 28 28 28 30 30 34 34 34 36 42 41 37
Gross NPAs 4,303 4,303 1,289 1,486 1,486 1,742 2,280 2,280 2,511 2,306 2,419 2,136 1,779 1,542 3,058
Net NPAs 1,883 1,883 321 391 391 437 809 809 1,072 1,011 1,215 1,107 891 576 1,139
% of Gross NPAs 4.2% 4.2% 1.3% 1.6% 1.6% 2.0% 2.6% 2.6% 2.8% 2.6% 2.7% 2.4% 3.3% 3.0% 6.2%
% of Net NPAs 1.9% 1.9% 0.3% 0.4% 0.4% 0.5% 0.9% 0.9% 1.2% 1.2% 1.4% 1.3% 1.7% 1.1% 2.4%
Return on Assets 0.3% 0.3% 0.3% 0.3% 0.3% 0.2% -1.8% 0.2% -4.0% -1.6% -1.5% -1.2% 0.7% 1.0% 1.0%
Coverage Ratio 56.2% 56.2% 75.1% 73.7% 73.7% 74.9% 64.5% 64.5% 57.3% 56.2% 49.8% 48.2% 49.9% 62.6% 62.8%
Business 1,89,239 1,89,239 1,90,557 1,78,334 1,78,334 1,67,772 1,63,170 1,63,170 1,68,493 1,72,509 1,74,808 1,77,344 1,21,249 89,610 53,918
Advances 1,00,550 1,00,550 1,06,263 1,02,534 1,02,534 97,940 98,062 98,062 99,796 1,03,188 1,08,582 1,06,865 73,051 49,402 8,219
-- advances growth 2.5% 2.5% 6.5% -0.6% -0.6% -9.8% -8.2% -8.2% -1.9% 37.0% 44.4% 46.3% 47.9% 501.1%
Deposits 88,688 88,688 84,294 75,800 75,800 69,832 65,108 65,108 68,697 69,321 66,226 70,479 48,198 40,208 45,699
-- deposit growth 36.2% 36.2% 22.7% 9.3% 9.3% 5.4% -7.6% -7.6% 11.0% 43.4% 22.5% 46.2% 19.9% -12.0%
Casa 45,896 45,896 40,563 30,181 30,181 23,491 20,661 20,661 16,204 12,473 9,987 9,114 5,710 2,094 445
-- % of total Deposits 51.75% 51.75% 48.12% 39.82% 39.82% 33.64% 31.73% 31.73% 23.59% 17.99% 15.08% 12.93% 11.85% 5.21% 0.97%

Interest / Discount on advances 78.8% 80.5% 77.7% 78.5% 78.5% 78.5% 73.3% 75.9% 72.8% 71.8% 72.9% 65.5% 52.9% 59.8% 64.9%
Income on Investments 19.3% 17.1% 20.6% 19.8% 20.0% 19.6% 24.7% 21.9% 25.1% 26.4% 25.3% 32.7% 45.3% 38.5% 33.4%
Interest on bal with RBI and other banks 0.7% 0.7% 0.8% 0.7% 0.4% 0.9% 0.5% 1.1% 0.1% 0.3% 0.4% 0.2% 0.1% 0.5% 0.2%
Others 1.2% 1.6% 0.9% 1.1% 1.1% 1.0% 1.5% 1.1% 2.0% 1.5% 1.3% 1.6% 1.8% 1.2% 1.5%
Other income 14.3% 21.1% 18.5% 8.6% 4.4% 12.7% 10.9% 12.2% 14.1% 8.7% 8.2% 7.9% 12.5% 11.9% 10.9%
Total Interest Expense 54.6% 50.9% 53.9% 56.9% 56.3% 57.6% 64.5% 60.5% 62.6% 66.1% 69.0% 73.2% 79.9% 76.4% 75.9%
Net Interest Income 45.4% 49.1% 46.1% 43.1% 43.7% 42.4% 35.5% 39.5% 37.4% 33.9% 31.0% 26.8% 20.1% 23.6% 22.9%
Wages 12.6% 13.0% 12.8% 12.2% 12.9% 11.6% 9.6% 9.2% 9.7% 10.1% 9.5% 9.4% 7.6% 6.7% 6.9%
Other administrative Exps 31.0% 41.0% 35.7% 23.2% 26.2% 20.3% 23.1% 29.4% 23.3% 20.3% 19.2% 16.4% 6.7% 3.5% 6.9%
Total Operating Expenses 43.6% 54.0% 48.5% 35.4% 39.1% 31.8% 34.2% 38.6% 34.9% 32.2% 30.8% 27.5% 18.5% 15.0% 13.8%
Profit before Tax and Provisions (Pbtp) 16.2% 16.2% 16.1% 16.2% 9.0% 23.3% 12.2% 13.1% 16.6% 10.4% 8.4% 7.1% 14.1% 20.5% 20.0%
Provisions and contingencies 13.1% 15.1% 11.8% 12.8% 5.7% 19.9% 27.2% 10.4% 56.2% 7.9% 33.8% 12.9% 2.6% 3.3% 0.7%
PBT 3.0% 1.1% 4.4% 3.3% 3.3% 3.3% -15.0% 2.7% -39.6% 2.5% -25.4% -27.6% 11.5% 17.2% 19.4%
Income Tax 0.1% -2.1% 1.2% 0.8% 0.7% 0.9% 3.1% 0.9% 0.4% 19.4% -9.1% -11.3% 1.9% 5.3% 6.7%
PAT 2.9% 3.2% 3.2% 2.6% 2.7% 2.4% -18.1% 1.8% -40.0% -16.9% -16.3% -16.3% 9.6% 12.0% 12.6%

IDFC First Bank INDUS EQUITY ADVISORS

1,200 60 550 60.0 200.0
459 172.6
47.9 46.3 50 180.0
1,000 450 50.0
36.2 160.0
46.2 40 129.8
800 350 122.1 140.0
30 40.0
19.9 120.0
600 20 250 209 30.0 100.0
10 59.6 80.0
400 150 91 20.0
2.5 60.0
167
32.2
0 57 45.0
-8.2 21 40.0
1,069
1,006
200 50 10.0
-10
402
731
482
705
981
651
887
494
11.8
12.9
51.7
68
20.0
14
22
24
42
35
7
5.2
- -7.6 -20
INR Bn %
-50 - -
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
INR Bn
Loans Deposits
Source: Company, Indus Equity * Post Merger FY19 onwards Source: Company, Indus Equity * Post Merger FY19 onwards
Gross NPA Trend Net NPA Trend Coverage Ratio (%)

50.0 6.2 7.0 20.0 3.0 70.0 64.5
62.8 62.6
45.0 6.0 18.0 56.2
2.4 60.0
40.0 2.5
4.2 5.0 16.0 49.9 48.2
35.0 14.0 50.0
3.3 4.0 1.7 2.0
3.0
30.0 2.4 2.6 12.0 40.0
3.0
25.0 10.0 1.3 1.5
2.0 1.1 30.0
20.0 8.0 0.9
1.0 1.0
15.0 6.0 20.0
10.0 - 4.0 0.3 0.5 10.0
11.4
11.1
18.8
30.6
15.4
17.8
21.4
22.8
43.0
-1.0
5.8
8.9
8.1
5.0 2.0
- -2.0 - - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 INR Bn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
% %
GNPA GNPA % NNPA NNPA % PCR without Tech W/off (%)
Source: Company, Indus Equity * Post Merger FY19 onwards Source: Company, Indus Equity * Post Merger FY19 onwards Source: Company, Indus Equity * Post Merger FY19 onwards
IDFC First Bank INDUS EQUITY ADVISORS
15.0 1.8 2.0 5.5 90.0 25.0
79.5
10.0 1.6 1.8 5.0 73.7 72.9 80.0
5.0 1.6 20.0
21.5
4.5 70.0
- 1.2 1.4 56.7
18.5
17.7
-5.0 1.1 1.2 4.0 60.0 15.0
15.6
15.3
-10.0 0.9 1.0 3.5 40.8 42.2 50.0
13.3
-15.0 0.6 0.8 10.0
3.0 40.0
-20.0 0.6
2.5 30.0
-25.0 0.4 5.0
21.5
18.9
18.0
15.5
13.4
16.3
-30.0 0.2 2.0 20.0
4.7 10.2 8.6 -19.4 -28.6 4.5 2.0 2.1 2.4 3.9 5.0
-35.0 - 1.5 1.7 10.0 -
Source: Company, Indus Equity Source: Company, Indus Equity * Post Merger FY19 onwards Source: Company, Indus Equity * Post Merger FY19 onwards

700 123.0 130.0 10.0 1.5 2.3
1.04 1.02 2.1
0.72
600 110.0 5.0 1.0
91.7 1.9
500 90.0 0.28 0.5 1.7
-
1.5
400 70.0 -
1.3
46.7 -5.0
300 50.0 -0.5 1.1
28.4 -10.0 0.9
200 30.0 -1.20 -1.0
13.8 0.7
8.3
100 10.0 -15.0 -1.79 -1.5 0.5
242
141
464
356
596
592
165
14
47
85
Feb-16
Feb-17
Feb-18
Feb-19
Feb-20
Feb-21
Nov-15
Nov-16
Nov-17
Nov-18
Nov-19
Nov-20
May-15
May-16
May-17
May-18
May-20
May-21
May-19
Aug-15
Aug-16
Aug-17
Aug-18
Aug-19
Aug-20
6.0 7.2 5.7 -11.6 -17.1 2.7
65
74
- -10.0 -20.0 -2.0

Indian Bank - Quarterly Financials
Income Statement
Fund based income
Others 59 14 14 31 15 16 16 3 4 4 4 18 22 29 17 0
--growth y-o-y 82.7% 62.1% 83.4% 93.2% 89.5% 97.0% 11.6% 10.6% 13.3% 12.9% 9.5% 12.1% 6.7% -1.3% 2.5% 4.0%
--growth q-o-q - -11.2% -0.3% - -0.6% 84.2% - 0.5% 3.0% 3.3% 3.4% - - - - -
Other Income 6,079 1,744 1,397 2,938 1,612 1,327 3,312 842 1,039 738 695 1,883 2,406 2,211 1,781 1,363
Total Income 45,185 10,648 11,421 23,116 11,669 11,447 24,717 6,334 6,506 6,045 5,832 21,068 19,519 18,251 18,025 17,216
--growth y-o-y 69.9% 59.6% 62.6% 78.9% 71.7% 86.3% 13.4% 8.9% 13.0% 16.0% 16.2% 12.1% -0.4% -7.7% 3.6% 4.6%
--growth q-o-q - -2.5% -3.4% - -5.3% 79.0% - -0.6% 2.0% 2.8% 4.6% - - - - -
--growth y-o-y 106.0% 66.5% 120.6% 119.8% 122.4% 117.0% 8.4% 13.6% 13.9% 7.6% -1.2% 12.0% 21.7% 15.7% -0.3% 2.4%
--growth q-o-q - -22.7% 4.1% - 7.0% 93.4% - 2.4% 4.9% 4.3% 1.2% - - - - -
Opearating Expenses
Employee Cost 6,378 1,402 1,572 3,404 1,750 1,654 2,473 624 593 586 670 2,223 2,100 1,991 2,006 1,743
Other administrative Exps 3,971 1,128 1,039 1,804 1,010 794 1,948 517 482 513 436 1,797 1,568 1,365 1,189 1,068
--growth y-o-y 75.4% 49.6% 61.5% 99.9% 99.4% 100.4% 33.1% 36.8% 67.3% 26.1% 5.9% -2.4% 25.0% 31.9% 0.6% 3.9%
--growth q-o-q - -17.8% 3.5% - 8.8% 61.7% - -11.2% 27.8% 9.3% 10.3% - - - - -

Provision for NPA 7,318 2,870 738 3,710 1,880 1,830 4,336 1,430 1,702 721 482 3,616 3,473 2,096 2,394
Others 1,172 -1,118 1,576 713 404 309 789 462 -173 188 313 981 452 146 -317 1,545
Total 8,490 1,752 2,314 4,423 2,284 2,139 5,125 1,892 1,529 909 795 4,596 3,925 2,242 2,077 1,545
Profit Before tax 2,906 796 785 1,325 711 614 1,373 -189 390 592 579 284 1,076 1,758 955 1,469
Income Tax -99 -913 270 544 299 245 619 29 142 234 214 -38 -183 353 244 463
effective tax rate -3.4% -114.7% 34.5% 41.0% 42.0% 39.9% 45.1% -15.4% 36.5% 39.5% 36.9% -13.3% -17.0% 20.1% 25.5% 31.6%
Net Profit 3,005 1,709 514 782 412 369 753 -218 247 359 365 322 1,259 1,406 711 1,005
--growth y-o-y 298.8% -884.8% 108.1% 8.0% 15.0% 1.1% 134.0% 14.7% 62.3% 138.8% 74.6% -74.4% -10.4% 97.6% -29.2% -13.3%
--growth q-o-q - 232.3% 24.7% - 11.7% -269.6% - -188.1% -31.1% -1.9% -292.5% - - - - -
Paid up Equity Share Capital 1,129 1,129 1,129 1,129 1,129 1,129 609 609 609 492 492 480 480 480 480 465
Reserves 31,528 23,281 18,493 2,417 15,813 15,347 13,981 12,998 12,077
Govt Holding 88.1% 88.1% 88.1% 88.1% 88.1% 88.1% 83.5% 83.5% 83.5% 79.6% 79.6% 81.5% 82.1% 82.1% 82.1% 82.1%
Earning per share 26.6 15.1 4.6 6.9 3.7 3.3 12.4 -3.6 4.1 7.3 7.4 6.7 26.2 29.3 14.8 21.6
DPS 2.0 0.0 0.0 0.0 6.0 1.5 4.2
Dividend Payout 7.5% 0.0% 0.0% 0.0% 20.5% 10.1% 19.4%
Indian Bank - Quarterly Financials
Ratios
OPM@ 13.6% 9.0% 17.0% 13.9% 13.8% 14.1% 14.9% 15.7% 16.1% 14.4% 13.2% 15.6% 15.2% 11.2% 7.7% 10.4%
Adj Book Value 180.5 180.5 109.6 91.7 91.7 70.7 212.2 212.2 179.1 211.9 206.9 197.8 205.4 184.4 167.8 202.1
Gross NPAs 38,455 38,455 35,237 36,198 36,198 39,965 14,151 14,151 13,862 13,981 13,511 13,353 11,990 9,865 8,827 5,670
Net NPAs 12,271 12,271 8,537 10,052 10,052 12,755 6,184 6,184 6,488 6,613 6,824 6,793 5,960 5,607 5,419 3,147
% of Gross NPAs 9.9% 9.9% 9.0% 9.9% 9.9% 10.9% 6.9% 6.9% 7.2% 7.2% 7.3% 7.1% 7.4% 7.5% 6.7% 4.4%
% of Net NPAs 3.4% 3.4% 2.4% 3.0% 3.0% 3.8% 3.1% 3.1% 3.5% 3.5% 3.8% 3.8% 3.8% 4.4% 4.2% 2.5%
Return on Assets 0.5% 1.1% 0.4% 0.3% 0.3% 0.3% 0.3% -0.3% 0.3% 0.5% 0.5% -0.3% 0.2% 0.6% 0.2% 0.4%
RoAE 11.6% 4.3% 2.0% 8.3% 10.1% 5.5% 8.3%
Coverage Ratio 68.1% 68.1% 75.8% 72.2% 72.2% 68.1% 56.3% 56.3% 53.2% 52.7% 49.5% 49.1% 50.3% 43.2% 38.6% 44.5%
Business 9,02,081 9,02,081 8,84,194 8,41,613 8,41,613 8,28,590 4,58,113 4,58,113 4,42,904 4,39,995 4,19,106 4,34,434 3,64,771 3,08,998 3,10,918 2,98,057
Advances 3,64,010 3,64,010 3,62,946 3,39,657 3,39,657 3,39,482 1,97,887 1,97,887 1,85,283 1,86,823 1,77,649 1,81,262 1,56,477 1,26,489 1,32,632 1,28,832
-- advances growth 6.7% 6.7% 9.8% 3.2% 3.2% 9.2% 9.2% 4.8% 8.4% 8.1% 15.8% 23.7% -4.6% 2.9% 3.6%
Deposits 5,38,071 5,38,071 5,21,248 5,01,956 5,01,956 4,89,109 2,60,226 2,60,226 2,57,621 2,53,172 2,41,457 2,53,172 2,08,294 1,82,509 1,78,286 1,69,225
-- deposit growth 10.1% 10.1% 8.3% 6.8% 6.8% 2.8% 2.8% 14.1% 15.3% 14.9% 21.5% 14.1% 2.4% 5.4% 4.3%
--Savings deposits 1,95,250 1,95,250 1,83,592 1,80,845 1,80,845 1,78,954 76,609 76,609 73,320 71,864 68,481 70,681 63,976 57,334 46,407 40,225
12.0% 12.0% 150.4% 9.0% 9.0% 8.4% 8.4% 10.9% 11.0% 4.2% 10.5% 11.6% 23.5% 15.4% 9.0%
32.0% 32.0% 116.2% 12.0% 12.0% 6.0% 6.0% 10.5% 7.5% -0.7% 2.8% 26.4% 12.4% 5.9% 16.1%
Casa 2,27,595 2,27,595 2,13,044 2,07,706 2,07,706 2,03,106 90,158 90,158 86,943 85,108 80,076 83,459 76,402 67,167 55,153 48,482

Others 0.2% 0.2% 0.1% 0.2% 0.1% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.2% 0.1% 0.0%
Other Income 15.5% 19.6% 13.9% 14.6% 16.0% 13.1% 15.5% 15.3% 19.0% 13.9% 13.5% 9.8% 14.1% 13.8% 11.0% 8.6%
Wages 16.3% 15.7% 15.7% 16.9% 17.4% 16.3% 11.6% 11.4% 10.8% 11.0% 13.0% 11.6% 12.3% 12.4% 12.4% 11.0%
PBT 7.4% 8.9% 7.8% 6.6% 7.1% 6.1% 6.4% -3.4% 7.1% 11.2% 11.3% 1.5% 6.3% 11.0% 5.9% 9.3%
Income Tax -0.3% -10.3% 2.7% 2.7% 3.0% 2.4% 2.9% 0.5% 2.6% 4.4% 4.2% -0.2% -1.1% 2.2% 1.5% 2.9%
PAT 7.7% 19.2% 5.1% 3.9% 4.1% 3.6% 3.5% -4.0% 4.5% 6.8% 7.1% 1.7% 7.4% 8.8% 4.4% 6.3%
*Consol from 1QFY21

Indian Bank INDUS EQUITY ADVISORS

6,000 12.0 2,500 2,276 45.0 30.0
10.8 10.8 24.6
10.1 10.0 1,994 40.0
5,000 1,895 25.0
9.8 2,000 1,754 35.0
4,885
8.0 1,593
4,675
4,000 6.7 30.0 20.0
4,219 1,500 1,278
5.4 6.0
3,844
3,789
25.0 14.2
5,381
3,000 4.5 15.0
4.8 4.0 20.0 10.1
4.5 1,000
2,000 2.1 1.4 15.0 12.5 8.1 10.0
2.0
5.2
323
10.0
248
248
233
222
2,814
2,785
3,086
3,235
3,411
3,640
500
188
1,000
1,090
1,371
1,521
1,746
1,953
1,648
- 5.0
33.7
41.4
41.6
40.5
40.8
42.3
5.0
- -1.1 -2.0 - - -
Loans Deposits CASA Ratio (%) CASA YoY Gr. (%) (RHS)
CA SA CASA

450 14.0 90.0 82.1 4.50
11.7 12.0 78.2
400 11.4 80.0 4.00
10.5 12.0 68.1
350 9.9 70.0 64.3 66.265.7 65.6 3.50 3.87
10.0 58.1
300 8.4 60.0 53.4 52.8 3.00
2.98 3.11
250 6.8 8.0 50.0 2.50
5.6 5.9 35.1 37.7
200 40.0 2.00
6.0 2.23
4.4 4.2 2.03 2.08
150 30.0 1.50
3.4 4.0
100 20.0 1.00
2.0 10.0 0.50
157
190
182
142
144
123
50
242
306
386
421
420
385
- -
- -
INR FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
FY16 FY17 FY18 FY19 FY20 FY21 %
India Bank INDUS EQUITY ADVISORS
40.0 11.0 12.0 3.5 60.0 18.0
10.4 51.3
47.6 16.0
20.0 10.0 3.0 45.6 50.0
40.5 14.0
- 7.3 2.5
8.0 45.2 40.0 12.0
42.3
-20.05.6
11.8
2.0
11.7
10.0
11.3
11.0
11.0
6.0 30.0
10.2
4.6
-40.0 1.5 8.0
2.6 4.0
-60.0 20.0 6.0
1.0
2.0 4.0
-80.0 10.0
-80 0.5
13.2
13.6
12.6
13.2
13.3
15.7
-0 11 -34 -46 30 2.0
-100.0 - 2.3 2.6 2.9 3.0 2.9 2.9
- - -
FY16 FY17 FY18 FY19 FY20 FY21* FY16 FY17 FY18 FY19 FY20* FY21*
PAT (INRbn) Asset Gr. YoY (%) (RHS) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)

8,000 6.0 12.0 0.67 0.8 1.40
0.53 0.50
7,000 4.3 5.0 0.6 1.20
10.0 0.36
6,000 4.0 0.26 0.4 1.00
4.5 0.12
5,000 3.0 8.0 0.2
8.3 0.80
4,000 2.0 -
6.0 0.60
0.6 -0.2
3,000 1.0
- 0.40
2,000 -0.9 - 4.0 -0.4
-0.6
4.4 0.20
6,007
5,567
6,261
5,804
6,835
6,065
7,094
7,358
5,428
6,101
6,062
4,816
1,000 -1.0 5.5 -0.6

2.0 -
- -2.0 -0.8
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Sep-16
Sep-18
Sep-19
Sep-20
Sep-15
Sep-17
Jan-16
Jan-18
Jan-20
Jan-17
Jan-19
Jan-21
10.1 2.0 10.6
FY16 FY17 FY18 FY19 FY20 FY21 - -1.0
RoE RoA (RHS)
Indian Overseas Bank - Quarterly Financials

Income Statement
Fund based income
Others 112 112 0 0 0 0 61 61 0 0 0 368 674 40 0 57
--growth y-o-y -2.5% -8.7% -2.5% 0.6% 2.0% -0.8% -1.3% -2.5% -4.2% -0.2% 2.1% -1.6% -9.1% -16.2% -1.8% 5.5%
--growth q-o-q - -4% -2.7% - 1.4% -3.2% - 2% 1.8% -1.4% -4.8% - - - -
Other Income 5,559 2,016 1,543 2,000 1,068 932 3,306 1,042 846 748 670 4,206 3,746 3,373 2,528 2,139
Total Income 22,525 6,074 5,787 10,664 5,431 5,234 20,712 5,484 5,198 5,024 5,006 21,838 21,662 23,092 26,046 26,077
--growth y-o-y -8.6% -8.8% -11.4% -7.0% -8.8% -5.2% -2.0% -5.4% -2.7% -0.1% 0.2% -0.8% -14.3% -19.9% -2.3% 8.5%
--growth q-o-q - -2% -2.8% - -3.1% -0.7% - -5% 0.0% 0.8% -1.0% - - - - -
--growth y-o-y 11.2% -8.4% 19.0% 19.3% 29.7% 9.6% 0.4% 3.6% -7.6% -0.4% 6.7% -3.4% 5.4% -3.6% 0.0% -3.5%
--growth q-o-q - -8% -2.5% - 10.6% -7.8% - 20% 6.2% -6.6% -12.9% - - - - -
Opearating Expenses
Employee Cost 3,703 1,166 850 1,687 803 884 3,241 874 889 742 736 2,647 2,994 3,045 3,390 2,650
Other administrative Exps 1,859 529 484 846 480 366 1,888 555 474 464 394 1,805 2,591 1,867 1,635 1,551
Profit before Tax and Provisions (Pbtp) 5,896 1,724 1,731 2,440 1,346 1,094 3,480 1,144 762 746 828 5,034 3,629 3,651 2,885 3,322
--growth y-o-y 69.4% 50.7% 127.1% 55.0% 80.5% 32.1% -30.9% 1.1% -48.0% -42.8% -26.8% 38.7% -0.6% 26.5% -13.2% -16.9%
--growth q-o-q - -0.4% 28.6% - 23.0% -4.3% - 50.0% 2.2% -9.9% -26.8% - - - - -

Others 5,056 1,380 1,514 2,162 1,193 970 11,878 1,060 6,664 2,996 1,158 10,994 12,261 7,031 6,614 3,361
Total 5,056 1,380 1,514 2,162 1,193 970 11,878 1,060 6,664 2,996 1,158 10,994 12,261 7,031 6,614 3,361
Exceptional Item 0 0 0 0 0 0 53 53 0 0 0 150
Profit Before tax 840 344 218 278 154 125 -8,345 137 -5,902 -2,250 -330 -5,961 -8,632 -3,380 -3,728 111
Income Tax 8 -6 5 9 6 4 183 -7 174 4 12 -2,223 -2,332 36 -831 566

effective tax rate 1.0% -1.8% 2.2% 3.4% 3.6% 3.2% -2.2% -5.1% -2.9% -0.2% -3.8% 37.3% 27.0% -1.1% 22.3% 507.7%
Net Profit 832 350 213 269 148 121 -8,527 144 -6,075 -2,254 -342 -3,738 -6,299 -3,416 -2,897 -454
--growth y-o-y -109.8% 143.3% -103.5% -110.4% -106.6% -135.3% 128.1% -107.2% 1655.8% 362.5% -62.8% -40.7% 84.4% 17.9% 537.7% -175.5%
--growth q-o-q - 64.3% 43.7% - 22.8% -16.1% - -102.4% 169.6% 558.8% -82.8% - - - - -
Reserves -1,713 - -2,613 413 4,733 6,204 9,124 10,621 13,153
Govt Holding 95.8% 95.8% 95.8% 95.8% 95.8% 95.8% 95.8% 95.8% 94.6% 92.5% 92.5% 92.5% 89.7% 79.6% 77.3% 73.8%
CET 1 12.9% 12.9% 8.8% 8.4% 8.4% 8.4% 8.2% 8.2% 7.9% 9.2% 7.6% 7.8% 6.4% 7.6% 7.1% 6.6%
NIMs 2.4% 2.2% 2.2% 2.3% 2.1% 2.0% 2.3% 1.9% 1.9% 2.1% 2.2% 2.0% 1.9% 2.1%
Earning per share 0.5 0.2 0.1 0.2 0.1 0.1 -5.2 0.1 -4.8 -2.5 -0.4 -4.1 -12.9 -13.9 -16.0 -3.7
DPS 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dividend Payout 0 0 0 0 0 0 0
Indian Overseas Bank - Quarterly Financials

Ratios
OPM@ 2.0% -7.2% 4.4% 5.1% 6.4% 3.8% 1.0% 2.3% -1.9% -0.1% 3.6% 4.7% -0.7% 1.4% 1.5% 4.9%
Adj Book Value 6.2 6.2 6.3 5.4 5.4 4.8 4.4 4.4 1.6 -1.3 -0.7 -0.5 -19.0 -33.3 -37.5 37.0
Gross NPAs 16,323 16,323 16,753 17,660 17,660 18,291 19,913 19,913 23,734 28,674 33,262 33,398 38,180 35,093 30,049 14,922
Net NPAs 4,578 4,578 3,905 5,291 5,291 6,081 6,603 6,603 7,087 12,508 14,174 14,368 20,400 19,749 19,213 9,813
Slippages 3,685 2,841 295 549 292 257 7,168 1,293 1,971 1,956 1,948 8,845 16,825 12,915
% of Gross NPAs 11.7% 11.7% 12.2% 13.0% 13.0% 13.9% 14.8% 14.8% 17.1% 20.0% 22.5% 22.0% 25.3% 22.4% 17.4% 8.3%
% of Net NPAs 3.6% 3.6% 3.1% 4.3% 4.3% 5.1% 5.4% 5.4% 5.8% 9.8% 11.0% 10.8% 15.3% 14.0% 11.9% 5.7%
Slippage Ratio 3.0% 9.4% 1.0% 0.9% 0.9% 0.8% 5.4% 3.9% 5.2% 5.2% 5.2% 5.9% 10.7% 8.0% 0.0% 0.0%
Return on Assets 0.3% 0.5% 0.3% 0.2% 0.2% 0.2% -3.0% 0.2% -8.1% -3.2% -0.5% -1.4% -2.3% -1.2% -1.0% -0.2%
RoAE 5.8% -61.6% -29.9% -55.6% -28.5% -21.6% -3.1%
Coverage Ratio 72.0% 72.0% 76.7% 70.0% 70.0% 66.8% 66.8% 66.8% 70.1% 56.4% 57.4% 57.0% 46.6% 43.7% 36.1% 34.2%
Business 3,68,009 3,68,009 3,58,611 3,52,575 3,52,575 3,44,780 3,44,285 3,44,285 3,43,041 3,49,179 3,49,336 3,55,132 3,67,831 3,68,119 3,85,375 4,25,090
Advances 1,27,721 1,27,721 1,24,495 1,22,968 1,22,968 1,19,234 1,21,333 1,21,333 1,21,751 1,26,921 1,28,165 1,32,598 1,50,999 1,56,776 1,60,861 1,79,041
-- advances growth 5.3% 5.3% 2.3% -3.1% -3.1% -7.0% -8.5% -8.5% -19.2% -15.4% -13.8% -12.2% -3.7% -2.5% -10.2% -1.1%
Deposits 2,40,288 2,40,288 2,34,116 2,29,607 2,29,607 2,25,546 2,22,952 2,22,952 2,21,290 2,22,258 2,21,171 2,22,534 2,16,832 2,11,343 2,24,514 2,46,049
-- deposit growth 7.8% 7.8% 5.8% 3.3% 3.3% 2.0% 0.2% 0.2% 0.4% -0.4% 3.8% 2.6% 2.6% -5.9% -8.8% 7.9%
13.6% 13.6% 11.2% 11.9% 11.9% 11.1% 6.7% 6.7% 5.2% 4.7% 5.8% 5.9% 5.6% 20.7% 11.3% 7.7%
12.3% 12.3% 8.8% -3.9% -3.9% 3.9% -8.8% -8.8% -0.6% 9.3% 14.4% 12.7% -0.8% 7.9% -17.5% 4.4%
Casa 1,00,588 1,00,588 94,832 92,437 92,437 92,514 88,671 88,671 85,571 84,595 84,145 85,227 79,678 76,269 64,486 61,741

Others 0.7% 2.8% 0.0% 0.0% 0.0% 0.0% 0.4% 1.4% 0.0% 0.0% 0.0% 2.1% 3.8% 0.2% 0.0% 0.2%
other income 32.8% 49.7% 36.4% 23.1% 24.5% 21.7% 19.0% 23.5% 19.4% 17.5% 15.5% 23.9% 20.9% 17.1% 10.8% 8.9%
Wages 21.8% 28.7% 20.0% 19.5% 18.4% 20.5% 18.6% 19.7% 20.4% 17.3% 17.0% 15.0% 16.7% 15.4% 14.4% 11.1%
PBT 4.9% 8.5% 5.1% 3.2% 3.5% 2.9% -47.9% 3.1% -135.6% -52.6% -7.6% -33.8% -48.2% -17.1% -15.9% 0.5%
Income Tax 0.0% -0.2% 0.1% 0.1% 0.1% 0.1% 1.1% -0.2% 4.0% 0.1% 0.3% -12.6% -13.0% 0.2% -3.5% 2.4%
PAT 4.9% 8.6% 5.0% 3.1% 3.4% 2.8% -49.0% 3.2% -139.6% -52.7% -7.9% -21.2% -35.2% -17.3% -12.3% -1.9%

Indian Overseas Bank INDUS EQUITY ADVISORS

3,000 7.8 10.0 1,200 45.0 18.3 20.0
1,006 18.0
5.3 40.0
2,500 5.0 1,000 887
2.6 2.6 852 35.0 16.0
0.2 797 13.4
763 14.0
2,000 800 30.0
857
-2.5 - 645 12.0
25.0
754
1,500 -3.7
707
600 10.0
667
20.0
632
-5.0 7.0
4.5 8.0
1,000 -8.8 -5.9
524
-8.5 400 15.0
4.0 6.0
-10.2
149
146
-10.0 10.0
133
130
129
121
1,609
2,245
1,568
2,113
1,510
2,168
1,326
2,225
1,213
2,230
1,277
2,403
500 4.0
200 4.4
28.7
36.1
36.7
38.3
39.8
41.9
5.0 2.0
- -12.2 -15.0
INR Bn - - -
FY16 FY17 FY18 FY19 FY20 FY21 % INR Bn
Loans Deposits

450 30.0 100.0 14.00
90.3
25.3 86.9
400 90.0
22.4 25.0 12.00
22.0 80.0
350 71.4 72.0
66.8 10.00 11.69
300 20.0 70.0
17.4 59.5 57.0
15.3 14.8 60.0 53.6 8.00
250 14.0 47.4 46.6 8.70 8.80
11.9 11.7 15.0 50.0 43.7
200 7.76
10.8 40.0 36.1 6.00 6.97
150 10.0
30.0 4.00
100 5.4
3.6 20.0
5.0 2.00 3.17
192
197
204
144
50
300
382
334
199
163
351
10.0
66
46
- - - -
%
GNPA NNPA GNPA % NNPA % Credit Cost (%)
PCR without Tech W/off (%) PCR with Tech W/off (%)
Indian Overseas Bank INDUS EQUITY ADVISORS
20.0 2.5 2.9 63.5 70.0 18.0
2.21 60.6
2.02 59.6 16.0
2.7 57.4
- 60.0
2.0 14.0
2.5 48.5
-20.0 1.47 46.9 50.0 12.0
12.9
1.40 1.36 1.5 2.3 10.0
-40.0 1.03 40.0
2.1 8.0
1.0
8.2
7.8
7.6
-60.0 30.0 6.0
7.1
6.4
1.9
0.5 4.0
-80.0 -29 -34 -63 -37 -85 8 20.0
1.7
10.5
10.5
10.2
10.7
15.3
2.0
9.7
1.9 2.0 2.2 2.1 2.0 2.6
-100.0 FY16 FY17 FY18 FY19 FY20 FY21 - 1.5 10.0 -

4,000 1.0 20.0 2.5 3.00
2.21
3,500 2.02
3,793
2.50
3,679
0.5 -
3552
2.0
3,450
3,000
3,145
0.5 2.00
3,032
- -20.0 1.47
2,500 1.40 1.36 1.5
1.50
2,000 -0.3 -0.5 -40.0 1.03
1,500 1.0 1.00
-0.7 -1.6 -1.0 -60.0
1,000 0.50
3,397
3,373
3,280
3,270
3,217
-1.2 -1.5 0.5

3332
500 -1.6 -80.0 -29 -34 -63 -37 -85 8

-
- -2.0
Feb-16
Feb-17
Feb-18
Feb-19
Feb-20
Feb-21
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Jun-15
Jun-19
Jun-16
Jun-17
Jun-18
Jun-20
Jun-21
-100.0 FY16 FY17 FY18 FY19 FY20 FY21 -
Branches ATMs Branches Gr. YoY % (RHS) PAT (INRbn) PPOP Margin (%) (RHS) Avg PB PB -1SD +1SD -2SD +2SD
Indusind Bank - Quarterly Financials
Income Statement
Fund based income
Income on Investments 3,846 962 931 1,954 952 1,002 4,282 1,030 1,106 1,075 1,070 3,677 3,074 2,354 1,810 1,680
Others 391 66 184 141 67 73 300 81 66 64 89 225 185 129 118 17
--growth y-o-y 0.8% 0.4% -0.6% 1.6% 0.4% 2.9% 29.3% 23.3% 26.4% 31.5% 37.4% 28.8% 20.9% 23.4% 19.5% 17.4%
--growth q-o-q - 2.5% 0.9% - 0.2% -3.0% - 1.4% 1.9% 2.7% 16.2% - - - - -
Other Income 6,559 1,780 1,705 3,073 1,553 1,520 6,951 1,772 1,789 1,727 1,663 5,647 4,750 4,171 3,260 2,404
Total Income 35,558 9,199 8,947 17,412 8,730 8,682 35,734 9,159 9,074 8,877 8,625 27,908 22,031 18,462 14,840 12,096
--growth y-o-y -7.5% -6.5% -8.9% -7.3% -8.1% -6.4% 24.7% 10.5% 21.2% 31.1% 39.8% 37.1% 18.9% 16.5% 12.6% 16.9%
--growth q-o-q - 1.3% -50.5% - 1.2% -7.3% - -1.3% -49.6% 3.0% 9.5% - - - - -
--growth y-o-y 12.2% 9.4% 10.8% 14.5% 12.7% 16.4% 36.3% 44.7% 34.3% 32.1% 34.0% 18.0% 23.7% 34.2% 32.1% 18.3%
--growth q-o-q - 3.8% -48.3% - -0.9% 2.4% - 5.1% -46.6% 2.3% 27.4% - - - - -
Opearating Expenses
Employee Cost 2,214 595 543 1,076 529 547 2,208 496 550 515 647 1,854 1,781 1,521 1,236 980
Profit before Tax and Provisions 11,727 3,062 2,973 5,692 2,807 2,885 10,773 2,836 2,746 2,600 2,591 8,088 6,656 5,451 4,141 3,098
--growth y-o-y 8.9% 7.9% 8.3% 9.7% 8.0% 11.3% 33.2% 37.2% 29.7% 30.5% 35.6% 21.5% 22.1% 31.6% 33.7% 19.3%
--growth q-o-q - 3.0% 5.9% - -2.7% 1.7% - 3.3% 5.6% 0.3% 25.3% - - - - -

Others 7,943 1,866 1,854 4,223 1,964 2,259 4,652 2,440 1,043 738 431 3,108 1,175 1,091 672 389
Total 7,943 1,866 1,854 4,223 1,964 2,259 4,652 2,440 1,043 738 431 3,108 1,175 1,091 672 389
Profit Before tax 3,784 1,196 1,120 1,469 843 626 6,121 396 1,702 1,862 2,160 4,981 5,481 4,360 3,469 2,709
Income Tax 948 320 267 361 213 147 1,703 94 402 479 728 1,679 1,875 1,492 1,183 915
Net Profit 2,836 876 853 1,108 629 478 4,418 302 1,300 1,383 1,433 3,301 3,606 2,868 2,286 1,794
--growth y-o-y -35.8% 190.2% -34.4% -60.7% -54.5% -66.6% 33.8% -16.2% 32.0% 50.3% 38.3% -8.5% 25.7% 25.4% 27.5% 27.4%
Reserves 42,278 42,278 36,252 33,020 25,758 22,879 19,673 16,720 9,724
CET 1 15.6% 15.6% 14.3% 14.5% 14.5% 13.2% 13.2% 13.2% 12.1% 12.8% 13.0% 12.1% 13.4%
NIMs 4.2% 4.1% 4.1% 4.2% 4.3% 4.1% 4.3% 4.2% 4.1% 4.1% 3.8% 4.0%
DPS 5.00 0.00 7.50 7.50 4.50 4.50 4.00
Dividend Payout 13.6% 0.0% 13.7% 12.5% 9.4% 11.7% 11.8%
Indusind Bank - Quarterly Financials
Ratios
OPM@ 17.8% 17.3% 17.5% 18.3% 17.5% 19.0% 13.3% 14.4% 13.1% 12.2% 13.3% 11.0% 11.0% 9.0% 7.6% 7.2%
PBT/NII 28.0% 33.8% 32.9% 22.3% 25.7% 18.9% 50.8% 12.3% 55.4% 64.0% 76.0% 56.3% 73.1% 71.9% 76.8% 79.2%
Adj Book Value 538 538 466 447 447 468 459 459 410 391 421 400 379 332 286 190
Gross NPAs 5,795 5,795 3,651 4,532 4,532 5,099 5,147 5,147 4,578 4,370 4,200 3,947 1,705 1,055 777 527
Net NPAs 1,477 1,477 464 1,056 1,056 1,703 1,887 1,887 2,173 2,203 2,381 2,248 746 439 322 210
Slippages 5,824 3,829 59 1,936 399 1,537 5,577 2,058 1,945 1,102 472 5,388 3,325 1,429 849 887
% of Gross NPAs 2.7% 2.67% 1.74% 2.21% 2.21% 2.53% 2.5% 2.45% 2.18% 2.19% 2.15% 2.1% 1.2% 0.9% 0.9% 0.8%
% of Net NPAs 0.7% 0.69% 0.22% 0.52% 0.52% 0.86% 0.9% 0.91% 1.05% 1.12% 1.23% 1.2% 0.5% 0.4% 0.4% 0.3%
Slippage Ratio 2.8% 7.4% 0.1% 2.0% 0.8% 3.2% 3.0% 4.4% 4.5% 2.7% 1.3% 3.7% 2.9% 1.6% 1.2% 1.6%
Restructured Account 4273.2 4273.2 1574.2 221.4 221.4 99.0 82.7 82.7 124.4 216.8 154.8 167.8 76.0 0.0 0.0 0.0
Return on Assets 0.9% 1.03% 1.05% 0.77% 0.85% 0.69% 1.5% 0.41% 1.80% 1.95% 2.05% 1.4% 1.9% 1.9% 1.9% 1.9%
Coverage Ratio 74.5% 74.5% 87.3% 76.7% 76.7% 66.6% 63.3% 63.3% 52.5% 49.6% 43.3% 43.0% 56.3% 58.4% 58.6% 60.1%
Business 4,68,800 4,68,800 4,46,263 4,29,131 4,29,131 4,10,039 4,08,823 4,08,823 4,24,126 4,04,306 3,94,106 3,81,261 2,96,593 2,39,653 1,81,419 1,42,923
Advances 2,12,595 2,12,595 2,07,128 2,01,247 2,01,247 1,98,069 2,06,783 2,06,783 2,07,413 1,97,113 1,93,520 1,86,394 1,44,954 1,13,081 88,419 68,788
-- advances growth 2.8% 2.8% -0.1% 2.1% 2.1% 2.4% 10.9% 10.9% 19.8% 20.8% 28.4% 28.6% 28.2% 27.9% 28.5% 24.8%
Deposits 2,56,205 2,56,205 2,39,135 2,27,884 2,27,884 2,11,970 2,02,040 2,02,040 2,16,713 2,07,193 2,00,586 1,94,868 1,51,639 1,26,572 93,000 74,134
-- deposit growth 26.8% 26.8% 10.3% 10.0% 10.0% 5.7% 3.7% 3.7% 23.3% 23.2% 26.3% 28.5% 19.8% 36.1% 25.4% 22.5%
33.8% 33.8% -0.9% -1.8% -1.8% -8.9% -2.5% -2.5% 29.7% 13.7% 20.8% 18.7% 69.7% 56.8% 33.2% 30.5%
25.7% 25.7% 19.8% 25.4% 25.4% 11.4% -3.9% -3.9% 1.7% 24.5% 34.9% 42.0% 6.3% 26.7% 25.3% 26.4%
Casa 1,06,791 1,06,791 96,646 91,846 91,846 84,473 81,557 81,557 91,865 85,838 86,341 84,070 66,729 46,646 32,724 25,300
Others 1.35% 0.89% 2.54% 0.98% 0.94% 1.03% 1.04% 1.10% 0.91% 0.90% 1.28% 1.01% 1.07% 0.90% 1.02% 0.18%
other income 22.62% 23.99% 23.55% 21.43% 21.63% 21.23% 24.15% 23.99% 24.56% 24.15% 23.89% 25.37% 27.49% 29.19% 28.15% 24.80%
Wages 7.63% 8.02% 7.49% 7.50% 7.37% 7.64% 7.67% 6.71% 7.55% 7.21% 9.30% 8.33% 10.30% 10.64% 10.67% 10.12%
Profit before Tax and Provisions 40.44% 41.26% 41.06% 39.70% 39.11% 40.28% 37.43% 38.40% 37.69% 36.36% 37.22% 36.33% 38.52% 38.14% 35.76% 31.97%
PBT 13.05% 16.12% 15.46% 10.24% 11.74% 8.74% 21.26% 5.36% 23.37% 26.04% 31.03% 22.37% 31.72% 30.51% 29.96% 27.95%
Income Tax 3.27% 4.31% 3.69% 2.52% 2.97% 2.06% 5.92% 1.27% 5.52% 6.70% 10.46% 7.54% 10.85% 10.44% 10.21% 9.45%
PAT 9.78% 11.81% 11.78% 7.72% 8.77% 6.68% 15.35% 4.09% 17.85% 19.35% 20.58% 14.83% 20.87% 20.07% 19.74% 18.51%

IndusInd Bank INDUS EQUITY ADVISORS

3,000 36.1 40.0 1,200 1,068 50.0 50.0
42.7 42.9
33.9 45.0
35.0
2,500 1,000 40.0
28.5 26.8 840 816
40.0 30.9
30.0 29.3 25.9
2,000 35.0
20.6 800 667 30.0
27.9 28.5 25.0
25.4 30.0
711
1,500 20.0 600 467 25.0 20.0
19.8
357
15.0 20.0
545
296
531
284
1,000 327
10.9 400 10.0
459
15.0
208
196
10.0 -2.9
155
10.0
1,202
1,266
1,450
1,516
1,941
1,949
2,068
2,020
2,126
2,562
500 200 -
270
884
930
35.2
36.9
44.0
43.1
40.4
41.7
5.0
172
5.0
- 3.7 2.8 - INR- Bn - -10.0
Loans Deposits

70 3.0 80.0 74.5 2.5
2.7
2.5 70.0 63.3
60 2.5 61.2 2.0 2.3
2.1 58.6 57.9
60.0
50
2.0 50.0 45.8 1.8
1.5 1.7
40
1.2 1.5 40.0 1.4
1.2 1.2
30 1.0
0.9 0.9 30.0
1.0 1.0
20 0.7
0.5 20.0
0.5 0.5
0.4 0.5 0.6
10 10.0
23
19
15
15
19
42
51
58
3
7
8
- -
- -
IndusInd Bank INDUS EQUITY ADVISORS
50.0 3.8 5.0 48.0 20.0
46.7 46.7
45.0 3.7 47.0 18.0
4.5 45.65
40.0 16.0
3.6 46.0
35.0 3.68 4.0
15.6
14.0
14.9
3.5 44.19 45.0
14.0
30.0 12.0
13.4
13.2
3.50 3.5 43.33 44.0
12.1
25.0 3.4 10.0
20.0 3.39 3.0 43.0
3.3 41.62 8.0
15.0 3.33 42.0
3.2 2.5 6.0
10.0 3.25 3.24 41.0 4.0
5.0 3.1 2.0
15.5
15.3
15.0
14.2
15.0
17.4
23 29 36 33 44 28 40.0 2.0
- 3.0 3.9 4.4 4.0 3.8 4.1 4.2
1.5 39.0 -

3,500 30.0 18.0 2.2 5.50
3,000 24.8 16.0 2.0

25.0 4.50
14.0 1.8
2,872
2,500 1.91 1.90

2,760
16.7 1.86 3.50

20.0 12.0 1.6
2,545
20.0
2,000
2,203
15.0 10.0 1.54 1.4 2.50

1,988
18.9 14.8
1,800
1,500 8.0 1.39 1.2

10.0 1.50
1,000 6.0 1.0
5.4
0.50
1,000
1,200
1,400
1,665
1,911
2,015
500 5.0 4.0 0.8

0.90
2.0 0.6
Aug-15
Aug-16
Aug-17
Aug-18
Aug-19
Aug-20
Dec-15
Apr-16
Dec-16
Apr-17
Dec-17
Apr-18
Dec-18
Apr-19
Dec-19
Dec-20
Apr-21
Apr-15
Apr-20
- - 16.6 15.3 16.5 13.2 14.7 7.6
-0.50
FY16 FY17 FY18 FY19 FY20 FY21 - 0.4
Jammu & Kashmir Bank - Quarterly Financials
Income Statement
Fund based income
Income on Investments 1,731 440 426 435 430 1,608 409 1,198 397 395 406 1,552 1,432 1,783 1,675 1,843
Others 0 0 0 0 0 0 0 0 0 0 0 29 0 2 24 0
--growth y-o-y -4.0% -9.5% 0.4% -4.9% -1.6% 10.0% 4.2% 12.2% 3.2% 16.9% 17.5% 15.9% -1.0% -2.3% -3.1% 4.3%
--growth q-o-q - -6.0% 1.5% 0.3% -5.5% - 4.3% - -3.9% 3.8% 0.1% - - - - -
Other Income 719 178 272 150 120 546 121 425 129 112 184 753 495 493 504 594
Total Income 8,830 2,130 2,348 2,194 2,158 8,992 2,277 6,715 2,196 2,263 2,256 8,428 7,117 7,179 7,348 7,655
--growth y-o-y -8.4% -11.5% -10.2% -8.9% -3.1% 10.4% 2.7% 13.3% 6.4% 15.3% 18.9% 14.4% -10.1% 1.0% -6.3% 8.0%
--growth q-o-q - -3.5% -2.7% -2.9% -3.0% - -2.0% - -1.3% 3.3% 2.7% - - - - -
Net Interest Income 3,771 917 1,005 944 904 3,707 987 2,719 875 943 902 3,384 2,871 2,512 2,710 2,651
--growth y-o-y 1.7% -7.1% 14.9% 0.1% 0.2% 9.5% 6.0% 10.9% -0.8% 19.0% 15.8% 17.9% 14.3% -7.3% 2.2% -1.3%
--growth q-o-q - -8.7% 6.5% 4.4% -8.4% - 12.9% - -7.2% 4.5% -3.1% - - - - -
Opearating Expenses
Employee Cost 2,059 545 504 501 508 1,886 490 1,396 468 464 464 1,646 1,287 1,122 1,020 894
Total Operating Expenses 2,879 781 713 690 694 2,728 726 2,002 668 658 676 2,479 1,984 1,710 1,546 1,409
Profit before Tax and Provisions (Pbtp) 1,611 314 563 403 330 1,525 382 1,143 336 397 411 1,658 1,382 1,294 1,668 1,836
--growth y-o-y 5.7% -17.7% 67.9% 1.7% -19.6% -8.0% -36.4% 8.1% -8.0% 15.7% 17.5% 20.0% 6.8% -22.4% -9.1% -3.4%
--growth q-o-q - -44.2% 39.8% 22.1% -13.6% - 13.9% - -15.4% -3.5% -31.6% - - - - -

Provision for NPA 1,021 445 234 236 106 2,523 0 0 0 0
Others 56 -416 223 89 160 103 620 2,018 283 1,441 293 998 1,023 2,800 976 1,016
Total 1,077 28 458 325 266 2,625 620 2,018 283 1,441 293 998 1,023 2,800 976 1,016
Profit Before tax 534 286 106 78 64 -1,100 -238 -875 52 -1,045 118 660 359 -1,506 692 820
Income Tax 102 -30 40 34 57 39 56 107 3 8 96 195 156 126 276 312
effective tax rate 19.1% -10.4% 37.7% 43.9% 89.8% -3.6% -23.4% -12.2% 5.1% -0.8% 81.4% 29.5% 43.6% -8.4% 39.8% 38.0%
Net Profit 432 316 66 44 7 -1,139 -294 -982 50 -1,053 22 465 203 -1,632 416 509
--growth y-o-y -137.9% -207.4% 32.4% -104.2% -70.3% -345.1% -236.9% -492.4% -52.0% -1223.4% -58.4% 129.4% -112.4% -492.3% -18.2% -57.0%
--growth q-o-q - 378.8% 50.1% 575.8% -102.2% - -690.7% - -104.7% -4915.6% -89.8% - - - - -

Reserves 5,782 5,326 5,965 6,106 5,624 6,375 6,062
Govt of J&K (%) 68.2 68.2 68.2 68.2 68.2 68.2 68.2 59.2 59.2 59.2 59.2 59.2
Earning per share 6.1 4.4 0.9 0.6 0.1 -16.0 -4.1 -17.6 0.9 -18.9 0.4 8.3 3.6 -31.3 8.6 10.5
DPS 0.0 0.0 0.0 0.0 0.0 1.8 2.1
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 20.4% 20.0%
Jammu & Kashmir Bank - Quarterly Financials
Ratios
OPM@ 11.0% 7.0% 14.1% 12.4% 10.3% 11.6% 12.1% 11.4% 10.0% 13.2% 10.9% 11.8% 13.4% 12.0% 17.0% 17.6%
PBT/NII 14.2% 31.2% 10.5% 8.3% 7.1% -29.7% -24.1% -32.2% 6.0% -110.8% 13.0% 19.5% 12.5% -59.9% 25.5% 30.9%
Adj Book Value 54.4 54.4 53.9 48.0 -26.7 44.2 44.2 40.0 40.0 36.8 55.3 49.9 60.5 62.3 87.9 100.5
Gross NPAs 6,955 6,955 6,196 6,317 7,607 7,672 7,672 7,712 7,712 7,473 6,031 6,221 6,007 5,000 4,369 2,764
Net NPAs 1,969 1,969 1,664 2,023 1,986 2,244 2,244 2,810 2,810 2,942 2,962 3,240 2,791 2,425 2,164 1,236
% of Gross NPAs 9.7% 9.7% 8.7% 8.9% 10.7% 11.0% 11.0% 11.1% 11.1% 10.6% 8.5% 9.0% 10.0% 11.2% 8.3% 6.0%
% of Net NPAs 3.0% 3.0% 2.5% 3.0% 3.1% 3.5% 3.5% 4.4% 4.4% 4.5% 4.4% 4.9% 4.9% 4.9% 4.3% 2.8%
Return on Assets 0.4% 1.1% 0.2% 0.2% 0.0% -1.1% -1.1% 1.1% 0.9% -3.6% 0.1% 0.5% 0.3% -2.0% 0.6% 0.7%
RoAE 7.7% -20.0% 7.6% 3.4% -27.0% 6.6% 8.6%
Coverage ratio 71.7% 71.7% 73.1% 68.0% 73.9% 70.8% 70.8% 63.6% 63.6% 60.6% 50.9% 47.9% 53.5% 51.5% 50.5% 55.3%
Business 1,74,903 1,74,903 1,70,350 1,67,283 1,64,861 1,62,187 1,62,187 1,57,658 1,57,658 1,57,230 1,56,913 1,55,910 1,36,920 1,27,360 1,19,584 1,10,342
Advances 66,842 66,842 66,545 66,814 65,170 64,399 64,399 64,488 64,488 65,610 67,949 66,272 56,913 54,897 50,193 44,586
-- advances growth 3.8% 3.8% 3.2% 1.8% -4.1% -2.8% -2.8% -9.3% -9.3% 3.0% 13.5% 16.4% 3.7% 9.4% 12.6% -3.9%
Deposits 1,08,061 1,08,061 1,03,804 1,00,469 99,691 97,788 97,788 93,170 93,170 91,620 88,963 89,639 80,007 72,463 69,390 65,756
-- deposit growth 10.5% 10.5% 11.4% 9.7% 12.1% 9.1% 9.1% 8.1% 8.1% 12.5% 14.9% 12.0% 10.4% 4.4% 5.5% -5.2%
--Savings deposits 45,336 42,902 38,880 40,095 40,095 38,080 38,080 36,192 34,696 34,080 29,443 27,897 23,408 20,930
19.1% 18.5% 12.1% 17.7% 17.7% 11.7% 11.7% 17.8% 16.9% 15.7% 5.5% 19.2% 11.8% 3.4%
--Current deposits 11,179 10,672 10,966 12,374 12,374 9,937 9,937 10,179 9,786 11,362 11,271 9,562 7,212 6,546
12.5% 4.8% 12.1% 8.9% 8.9% -12.5% -12.5% 7.7% 1.1% 0.8% 17.9% 32.6% 10.2% -4.3%
Casa 61,422 61,422 56,515 53,574 49,846 52,469 52,469 48,018 48,018 46,371 44,482 45,443 40,714 37,459 30,620 27,475

Others 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.4% 0.0% 0.0% 0.3% 0.0%
Other income 8.9% 9.1% 13.1% 7.3% 5.9% 6.5% 5.6% 6.8% 6.2% 5.2% 8.9% 9.8% 7.5% 7.4% 7.4% 8.4%
Wages 25.4% 27.9% 24.3% 24.5% 24.9% 22.3% 22.7% 22.2% 22.6% 21.6% 22.4% 21.4% 19.4% 16.8% 14.9% 12.7%
PBT 6.6% 14.7% 5.1% 3.8% 3.1% -13.0% -11.1% -13.9% 2.5% -48.6% 5.7% 8.6% 5.4% -22.5% 10.1% 11.6%
Income Tax 1.3% -1.5% 1.9% 1.7% 2.8% 0.5% 2.6% 1.7% 0.1% 0.4% 4.6% 2.5% 2.4% 1.9% 4.0% 4.4%
PAT 5.3% 16.2% 3.2% 2.1% 0.3% -13.5% -13.6% -15.6% 2.4% -49.0% 1.1% 6.1% 3.1% -24.4% 6.1% 7.2%

Karnataka Bank - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 9M' 21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income

Income on Investments 1,142 303 839 288 273 278 1,160 291 294 294 282 1,106 1,162 1,298 1,212 1,185
Others 123 33 89 29 30 30 114 29 45 21 20 86 164 91 77 6
--growth y-o-y -3.7% -13.5% -0.4% -1.6% -1.6% 2.0% 9.6% 7.0% 7.1% 12.2% 12.6% 8.9% 4.6% 3.9% 6.3% 12.2%
--growth q-o-q - -11.2% - -0.5% -75.2% -1.4% - 1.1% -0.5% 2.9% 3.5% - - - - -
Other Income 1,495 373 1,122 273 330 519 1,396 440 402 309 245 1,002 954 809 543 507
Total Income 7,727 1,791 5,937 1,869 1,934 2,135 7,871 2,080 2,024 1,938 1,829 6,908 6,378 5,995 5,535 5,205
Total Interest Expense 4,049 958 3,091 981 1,029 1,081 4,444 1,110 1,114 1,131 1,090 4,001 3,566 3,695 3,689 3,530
--growth y-o-y -8.9% -13.7% -7.3% -11.9% -9.0% -0.8% 11.1% 5.7% 8.5% 14.8% 16.1% 12.2% -3.5% 0.1% 4.5% 12.7%
--growth q-o-q - -2.4% - -4.6% -76.9% -2.6% - -0.3% -1.5% -71.7% 3.7% - - - - -
Net Interest Income 2,183 459 1,724 614 575 535 2,030 529 508 499 495 1,905 1,858 1,491 1,303 1,169
--growth y-o-y 7.5% -13.3% 14.9% 20.9% 15.3% 8.2% 6.6% 10.1% 4.1% 6.6% 5.6% 2.6% 24.6% 14.4% 11.5% 10.7%
--growth q-o-q - -25.2% - 6.8% -71.7% 1.1% - 4.2% 1.8% -73.8% 2.9% - - - - -
Opearating Expenses
Employee Cost 913 240 674 267 205 202 897 370 186 163 177 606 525 601 443 525
Total Operating Expenses 1,679 449 1,230 449 404 377 1,770 578 408 394 389 1,457 1,339 1,304 991 953
Profit before Tax and Provisions (Pbtp) 1,999 384 1,615 438 500 677 1,657 392 502 413 350 1,450 1,473 996 855 723
--growth y-o-y 20.7% -2.0% 27.7% -12.7% 21.0% 93.4% 14.3% 20.8% 25.3% 16.0% -5.1% -1.6% 47.9% 16.5% 18.1% 5.3%
--growth q-o-q - -12.4% - -12.5% -69.8% 72.9% - -22.0% 21.4% -71.5% 8.0% - - - - -

Others 1,387 342 1,045 214 322 509 1,135 357 315 262 201 842 1,163 528 327 214
Total 1,387 342 1,045 214 322 509 1,135 357 315 262 201 842 1,163 528 327 214
Exceptional item 0 0 0 0 0 0 -33
Income Tax 129 11 119 88 59 -28 90 8 64 45 -27 131 -15 16 113 91

effective tax rate 21.1% 25.1% 20.9% 39.5% 33.0% -16.9% 17.3% 22.1% 34.2% 29.9% -17.8% 21.5% -5.0% 3.4% 21.3% 16.8%
Net Profit 482 31 451 135 119 196 432 27 123 106 175 477 326 452 415 451
--growth y-o-y 11.7% 14.4% 11.6% 9.9% 12.8% 11.9% -9.5% -55.8% -12.3% -5.3% 7.5% 46.6% -28.0% 8.9% -8.0% 45.1%
Reserves 5,866 - 5,189 5,090 4,711 4,860 3,502 3,201
CET 1 12.3% 12.3% 11.4% 11.4% 11.1% 11.1% 10.7% 10.7% 10.4% 10.6% 10.7% 11.2% 11.3% 12.2% 10.6% 10.5%
NIMs 2.9% 2.4% 3.1% 3.3% 3.1% 2.9% 2.9% 2.9% 2.8% 2.8% 2.8% 2.9% 3.2% 2.8% 2.4% 2.4%
DPS 1.8 0.0 3.4 3.0 4.0 5.0 5.0
Dividend Payout 12% 0% 20% 26% 25% 23% 21%
Karnataka Bank - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 9M' 21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Ratio
OPM@ 8.1% 0.7% 10.3% 10.3% 10.6% 9.8% 4.0% -3.0% 6.1% 6.4% 6.6% 7.6% 9.6% 3.6% 6.2% 4.6%
PBT/NII 28.0% 9.1% 33.1% 36.4% 31.0% 31.4% 25.7% 6.6% 36.8% 30.3% 30.1% 31.9% 16.7% 31.4% 40.5% 46.4%
Adj Book Value 146 146 162 162 149 131 120 120 132 128 134 133 127 147 154 147
Gross NPAs 2,588 2,588 1,707 1,707 2,189 2,558 2,800 2,800 2,777 2,594 2,438 2,456 2,376 1,582 1,180 944
Net NPAs 1,642 1,642 924 924 1,195 1,631 1,755 1,755 2,058 1,863 1,760 1,617 1,401 975 795 624
Slippages 1,332 1,174 157 0 1 156 1,931 304 607 495 526 1,448 2,120 1,348 1,125 930
Restructured Account 1,738 1,738 537 537 524 539 536 536 468 453 470 466 1,046 1,365 1,183 1,696
% of Gross NPAs 4.9% 4.9% 3.2% 3.2% 4.0% 4.6% 4.8% 4.8% 5.0% 4.8% 4.6% 4.4% 4.9% 4.2% 3.4% 3.0%
% of Net NPAs 3.2% 3.2% 1.7% 1.7% 2.2% 3.0% 3.1% 3.1% 3.8% 3.5% 3.3% 3.0% 3.0% 2.6% 2.4% 2.0%
Slippage Ratio 2.3% 8.2% 0.4% 0.0% 0.0% 1.2% 3.5% 2.2% 4.7% 4.0% 4.4% 3.1% 5.7% 4.0% 3.6% 3.3%
Return on Assets 0.6% 0.2% 0.7% 0.6% 0.6% 0.9% 0.5% 0.1% 0.6% 0.5% 0.9% 0.6% 0.9% 0.9% 0.9% 0.9%
RoAE 8.3% 7.9% 9.2% 6.4% 10.2% 11.7% 14.0%
Coverage Ratio 36.6% 36.6% 45.9% 45.9% 45.4% 36.2% 37.3% 37.3% 25.9% 28.2% 27.8% 34.2% 41.1% 38.4% 32.6% 34.0%
Business 1,27,349 1,27,349 1,27,014 1,27,014 1,27,028 1,26,063 1,28,749 1,28,749 1,26,267 1,23,658 1,21,340 1,23,280 1,10,123 93,737 84,394 77,689
Advances 51,694 51,694 53,188 53,188 54,099 54,210 56,964 56,964 54,911 53,468 52,819 54,828 47,252 37,004 33,905 31,680
-- advances growth -9.3% -9.3% -3.1% -3.1% 1.2% 2.6% 3.9% 3.9% 5.7% 7.0% 10.7% 16.0% 27.7% 9.1% 7.0% 11.8%
Deposits 75,655 75,655 73,826 73,826 72,929 71,854 71,785 71,785 71,356 70,190 68,521 68,452 62,871 56,733 50,488 46,009
-- deposit growth 5.4% 5.4% 3.5% 3.5% 3.9% 4.9% 4.9% 4.9% 9.5% 9.9% 9.2% 8.9% 10.8% 12.4% 9.7% 13.4%
--Current deposits 4,162 4,162 3,775 4,057 3,817 3,169 3,873 3,623 3,243 2,869
31.3% 31.3% 16.1% 18.9% 12.8% -18.2% 6.9% -62.0%
--Savings deposits 16,590 16,590 15,770 15,182 14,958 15,251 13,725 12,850 10,017 8,604
8.8% 8.8% 11.8% 9.3% 8.6% 11.1% 6.8% 211.8%
Casa 23,824 23,824 22,199 22,199 21,273 20,593 20,752 20,752 19,239 19,239 18,775 19,160 17,598 16,473 13,261 11,473
Others 2.0% 2.4% 1.9% 1.8% 1.9% 1.9% 1.8% 1.8% 2.8% 1.3% 1.3% 1.5% 3.0% 1.8% 1.5% 0.1%
other Income 24.0% 26.3% 23.3% 17.1% 20.6% 32.1% 21.6% 26.9% 24.8% 18.9% 15.5% 17.0% 17.6% 15.6% 10.9% 10.8%
Wages 14.7% 16.9% 14.0% 16.8% 12.8% 12.5% 13.9% 22.6% 11.5% 10.0% 11.2% 10.3% 9.7% 11.6% 8.9% 11.2%
PBT 9.8% 2.9% 11.8% 14.0% 11.1% 10.4% 8.1% 2.1% 11.5% 9.3% 9.4% 10.3% 5.7% 9.0% 10.6% 11.5%
Income Tax 2.1% 0.7% 2.5% 5.5% 3.7% -1.8% 1.4% 0.5% 3.9% 2.8% -1.7% 2.2% -0.3% 0.3% 2.3% 1.9%
PAT 7.7% 2.2% 9.4% 8.5% 7.4% 12.2% 6.7% 1.7% 7.6% 6.5% 11.1% 8.1% 6.0% 8.7% 8.3% 9.6%

Karnataka Bank INDUS EQUITY ADVISORS

800 30.0 300 32.0 30.0
700 25.0 238 31.0
757
27.7 250 25.0
718
20.0 24.2
685
208 30.0
600 12.4 16.0
629
9.7 176 184
10.8 15.0 200 29.0 20.0
567
500 8.9 165

4.9 10.0 14.8
505
5.4 133 28.0

400 7.0 150 15.6 12.7 15.0
166
9.1 5.0 27.0
153
300
137
129
3.9 - 100 26.0 10.0
200
100
-5.0
42
39
25.0 6.8
36
32
32
-9.3 50 4.7 5.0
339
370
473
548
570
517
100
26.3
29.0
28.0
26.9
28.9
31.5
-10.0 24.0
-
-
- -15.0 - 23.0 -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % INR Bn
Loans Deposits

30.0 6.0 80.0 3.0 2.56 2.79
4.9 4.9 70.1 2.32
4.4 4.8 5.0 70.0 64.7 2.5
25.0 4.2 58.5
60.0 54.0 54.6 2.0 1.56
3.4 4.0 1.50
20.0 3.1 3.2
3.0 3.0 50.0 1.5
2.6 41.1
2.4 3.0 38.4 37.3 0.81
40.0 34.2 36.6 1.0
15.0 32.6
2.0
30.0 0.5
10.0
1.0 20.0 -
5.0 - 10.0 -0.5
14.0
16.2
17.6
16.4
11.8
15.8
23.8
24.6
28.0
25.9
8.0
9.7
- -1.0 - -1.0
%
Karnataka Bank INDUS EQUITY ADVISORS
6.0 2.37 2.5 3.5 56.7 60.0 16.0
2.19
2.04 53.7 14.0
5.0 1.94 3.0
2.0 51.6 55.0
1.65 50.1 12.0
1.58 2.5
12.3
12.2
4.0 47.6 50.0
11.3
10.0
11.2
1.5 45.7
10.7
10.6
2.0
3.0 45.0 8.0
1.0 1.5
2.0 6.0
40.0
1.0
0.5 4.0
1.0
0.5 35.0
12.0
13.3
12.0
13.2
12.7
14.9
4.2 4.5 3.3 4.8 4.3 4.8 2.0
- - 2.4 2.8 3.2 2.9 2.9 2.9
- 30.0 -

2,000 7.4 8.0 14.0 0.9
0.77 0.75 1.00
0.8
12.0
5.5 0.64 0.7 0.80
1,500 6.0
10.0 0.57
4.6 4.5 0.53 0.6
0.48 0.60
8.0 0.5
1,000 4.0
6.0 0.4 0.40
0.3
1.4 4.0 0.20
500 1.2 2.0 0.2
1,275
1,380
1,374
1,540
1,480
1,478
2.0 -
725
765
800
836
848
858
0.1
11.73 10.24 6.42 9.21 7.94 8.26
Nov-15
May-16
Nov-16
May-17
Nov-17
May-18
Nov-18
Nov-19
May-20
Nov-20
May-21
May-15
May-19
- - - -
Branches ATMs & Recy Branches Gr. YoY % (RHS) RoE RoA (RHS) Avg PB -1SD +1SD -2SD +2SD PB
Karur Vysya- Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 9m' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income

Income on Investments 942 220 235 246 241 1,150 276 874 292 300 282 1,151 1,123 1,106 1,096 1,178
Others 7 1 3 2 2 35 7 27 22 2 2 26 79 27 16 1
--growth y-o-y -8.7% -7.3% -10.2% -9.3% -7.8% 3.0% -1.2% 4.4% 4.2% 5.5% 3.5% 2.0% 1.4% 3.3% 0.9% 5.5%
--growth q-o-q - -0.1% -3.2% 1.4% -5.5% - -3.2% - -2.2% 3.0% 1.3% - - - - -
Other Income 1,057 216 251 272 317 1,155 347 808 260 278 270 963 900 782 707 581
Total Income 6,527 1,566 1,602 1,666 1,693 7,145 1,803 5,341 1,764 1,815 1,762 6,779 6,600 6,405 6,150 5,977
Total Interest Expense 3,111 737 767 793 814 3,642 866 2,776 927 941 909 3,453 3,402 3,549 3,662 3,930
--growth y-o-y -14.6% -14.9% -17.3% -15.7% -10.4% 5.5% 1.3% 6.8% 7.5% 7.2% 5.8% 1.5% -4.1% -3.1% -6.8% 2.5%
--growth q-o-q - -3.9% -3.3% -2.6% -5.9% - -6.6% - -1.6% 3.6% 6.3% - - - - -
Net Interest Income 2,360 613 584 601 562 2,348 590 1,757 577 596 584 2,363 2,298 2,074 1,781 1,466
--growth y-o-y 0.5% 3.7% 1.1% 0.9% -3.8% -0.6% -4.6% 0.8% -0.6% 3.0% 0.1% 2.8% 10.8% 16.4% 21.5% 14.2%
--growth q-o-q - 5.0% -3.0% 7.1% -4.9% - 2.3% - -3.2% 2.1% -5.7% - - - - -
Opearating Expenses
Employee Cost 1,154 351 368 221 214 857 214 642 225 213 204 761 639 608 547 547
Total Operating Expenses 1,987 579 578 424 405 1,742 438 1,304 453 443 409 1,615 1,421 1,475 1,253 1,103
Profit before Tax and Provisions (Pbtp) 1,429 250 257 449 474 1,761 500 1,261 385 431 445 1,711 1,777 1,381 1,235 943
--growth y-o-y -18.8% -50.0% -33.2% 4.1% 6.5% 2.9% 7.5% 1.2% -9.5% 19.3% -3.2% -3.7% 28.7% 11.8% 31.0% 12.6%
--growth q-o-q - -2.8% -42.8% -5.3% -5.2% - 29.9% - -10.8% -3.1% -4.2% - - - - -

Others 895 71 201 285 338 1,489 429 1,059 364 365 330 1,389 1,274 498 324 481
Total 895 71 201 285 338 1,489 429 1,059 364 365 330 1,389 1,274 498 324 481
Income Tax 175 74 21 49 31 37 -13 50 5 3 42 111 158 278 344 7

effective tax rate 32.7% 41.5% 37.8% 30.0% 22.6% 13.7% -18.6% 24.9% 26.4% 4.0% 36.7% 34.6% 31.4% 31.4% 37.7% 1.5%
Extra ordinary (net of tax expense) 0.0 0.0 0.0 0.0 0.0 0.0 -8.7
Net Profit 359 104 35 115 106 235 84 151 15 63 73 211 346 606 568 464
--growth y-o-y 52.9% 24.7% 129.8% 81.4% 44.7% 11.5% 39.5% 0.3% -28.9% -24.4% 58.8% -39.0% -43.0% 6.8% 22.3% 8.1%
--growth q-o-q - 201.4% -69.9% 8.9% 26.0% - 455.4% - -76.2% -13.2% 21.5% - - - - -
Reserves 6,800 6,440 - 6,263 6,119 4,451 4,451 4,124
Capital Adequacy Ratio 19.0% 19.0% 18.5% 18.4% 18.1% 17.2% 17.2% 15.9% 15.9% 16.0% 16.0% 16.0% 14.4% 12.3% 12.3% 14.6%
DPS 0.5 0.0 0.6 0.6 0.0 13.0 13.0
Dividend Payout 11% 0% 23% 13% 0% 28% 34%
Karur Vysya- Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 9m' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Ratios
OPM@ 6.8% 2.5% 0.4% 12.7% 11.4% 10.1% 10.5% 10.0% 8.3% 10.0% 11.7% 12.9% 15.4% 10.7% 9.7% 6.7%
PBT/NII 22.6% 29.1% 9.5% 27.3% 24.3% 11.6% 11.9% 11.5% 3.5% 11.1% 19.7% 13.6% 21.9% 42.6% 51.2% 31.6%
Adj Book Value 65.6 65.6 70.0 67.5 64.1 59.9 59.9 57.9 57.9 55.6 52.2 50.1 60.6 58.1 71.5 65.2
Gross NPAs 4,143 4,143 3,842 3,998 4,056 4,213 4,213 4,424 4,424 4,391 4,511 4,450 3,016 1,484 511 678
Net NPAs 1,719 1,719 1,263 1,428 1,585 1,809 1,809 1,946 1,946 2,118 2,322 2,420 1,863 1,033 216 281
% of Gross NPAs 7.9% 7.9% 7.4% 7.9% 8.3% 8.7% 8.7% 8.9% 8.9% 8.9% 9.2% 8.8% 6.6% 3.6% 1.3% 1.9%
% of Net NPAs 3.4% 3.4% 2.6% 3.0% 3.4% 3.9% 3.9% 4.1% 4.1% 4.5% 4.9% 5.0% 4.2% 2.5% 0.6% 0.8%
Return on Assets 0.5% 0.6% 0.2% 0.6% 0.6% 0.3% 0.5% 0.3% 0.1% 0.3% 0.4% 0.3% 0.5% 1.0% 1.0% 0.9%
RoAE 5.3% 3.6% 3.3% 6.4% 13.3% 12.9% 12.3%
Coverage Ratio 58.5% 58.5% 67.1% 64.3% 60.9% 57.1% 57.1% 56.0% 56.0% 51.8% 48.5% 45.6% 38.2% 30.4% 57.7% 58.5%
Business 1,13,642 1,13,642 1,11,601 1,08,944 1,06,196 1,05,173 1,05,173 1,09,381 1,09,381 1,09,315 1,08,693 1,08,449 1,01,690 94,608 89,163 80,799
Advances 50,364 50,364 49,512 47,822 46,131 46,098 46,098 47,119 47,119 47,102 46,982 48,581 44,800 40,908 39,084 36,108
-- advances growth 9.3% 9.3% 5.1% 1.5% -1.8% -5.1% -5.1% 2.4% 2.4% 1.3% 1.2% 8.4% 9.5% 4.7% 8.2% 6.2%
Deposits 63,278 63,278 62,089 61,122 60,065 59,075 59,075 62,262 62,262 62,213 61,711 59,868 56,890 53,700 50,079 44,690
-- deposit growth 7.1% 7.1% -0.3% -1.8% -2.7% -1.3% -1.3% 6.2% 6.2% 6.8% 7.2% 5.2% 5.9% 7.2% 12.1% 2.1%
16.8% 16.8% 15.3% 15.0% 13.5% 7.5% 7.5% 10.2% 10.2% 8.5% 6.4% 10.0% 10.4% 30.3% 21.1%
15.0% 15.0% 7.7% 5.1% -1.0% -5.3% -5.3% 7.0% 7.0% 6.1% 6.2% 4.3% 13.3% 22.2% 14.1%
Casa 21,515 21,515 21,500 20,697 19,913 18,507 18,507 19,063 19,063 18,522 18,340 17,915 16,577 14,889 11,675 9,842

Others 0.1% 0.1% 0.2% 0.1% 0.1% 0.6% 0.5% 0.6% 1.5% 0.2% 0.2% 0.4% 1.4% 0.5% 0.3% 0.0%
Other Income 19.3% 16.0% 18.6% 19.5% 23.0% 19.3% 23.8% 17.8% 17.3% 18.1% 18.1% 16.6% 15.8% 13.9% 13.0% 10.8%
Wages 21.1% 26.0% 27.3% 15.8% 15.5% 14.3% 14.7% 14.2% 15.0% 13.9% 13.7% 13.1% 11.2% 10.8% 10.1% 10.1%
PBT 9.8% 13.2% 4.1% 11.8% 9.9% 4.5% 4.8% 4.4% 1.4% 4.3% 7.7% 5.5% 8.8% 15.7% 16.7% 8.6%
Income Tax 3.2% 5.5% 1.6% 3.5% 2.2% 0.6% -0.9% 1.1% 0.4% 0.2% 2.8% 1.9% 2.8% 4.9% 6.3% 0.1%
PAT 6.6% 7.7% 2.6% 8.2% 7.7% 3.9% 5.7% 3.3% 1.0% 4.1% 4.9% 3.6% 6.1% 10.8% 10.4% 8.6%

Karur Vysya Bank INDUS EQUITY ADVISORS

700 12.1 15.0 250 40.0 27.5 30.0
215.1
600 9.5 9.3 35.0
10.0 185.1 25.0
8.2 7.2 8.4 200 179.2
500 5.9 165.8 30.0
148.9 18.6
7.1 20.0
5.0 150 25.0 16.3
400
4.7 5.2 116.8
152
-1.3 20.0 15.0
300 11.3
130
-
121
100 15.0
110
8.1
63
10.0
100
58
56
55
200
49
40
-5.1 10.0
76
-5.0 50
100 3.3 5.0
391
501
409
537
448
486
599
461
591
504
633
569
23.3
27.7
29.1
29.9
31.3
34.0
5.0
- -10.0 INR Bn
INR Bn - - -
FY16 FY17 FY18 FY19 FY20 FY21 %
Loans Deposits
50.0 10.0 90.0 82.5 3.5
8.8 3.01
45.0 8.7 9.0 80.0 2.86
7.9 72.7 3.0
68.9
40.0 8.0 70.0 2.39
6.6 57.7 57.8 58.5 2.5
35.0 7.0 60.0 56.5 56.9 57.1
30.0 6.0 45.6 2.0
5.0 50.0
25.0 4.2 5.0 38.2 1.31
3.6 3.9 40.0 1.5 1.21
20.0 3.4 4.0 30.4
30.0 0.93
15.0 2.5 3.0 1.0
1.3 20.0
10.0 2.0
0.6 0.5
10.3
18.6
24.2
18.1
17.2
10.0
14.8
30.2
44.5
42.1
41.4
2.2
5.0 1.0
5.1
- - - -
%
Karur Vysya Bank INDUS EQUITY ADVISORS
7.0 2.76 2.8 3.9 70.0 20.0
6.0 2.7 3.8 58.2 18.0

60.0
2.56 51.6 16.0
17.0
2.51 2.6 3.7 50.3 49.7
5.0 48.6 14.0
15.3
2.5 44.4 50.0
14.3
3.6
13.9
4.0 12.0
2.4
11.9
2.31 3.5 40.0 10.0
11.3
3.0
2.23 2.3 3.4 8.0
2.0 30.0
2.2 6.0
3.3
1.0 20.0 4.0
2.1
12.2
12.3
14.4
16.0
17.2
19.0
5.7 6.1 3.5 2.1 2.4 3.6 3.2
3.43 3.86 3.70 3.67 3.44 3.40 2.0
- 2.00 2.0 3.1 10.0 -

2,000 15.0 14.0 1.2 1.80
1.02
11.1 1.60
12.0 1.0 1.40
1,500 10.0 1.01
10.0 1.20
6.0 6.6 0.8
1.00
8.0
1,000 5.0 0.53 0.6 0.80
0.49
6.0 0.60
0.1 0.1 0.31 0.32 0.4 0.40
-1.5 4.0
667
711
500 -
0.20
1,655
1,747
1,795
1,645
1,659
1,680
2.0 0.2
790
778
779
780
-
12.87 13.25 6.38 3.32 3.61 5.30
May-16
May-17
May-18
May-19
May-21
May-15
May-20
Sep-15
Sep-17
Sep-18
Sep-19
Sep-20
Sep-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
Jan-16
- -5.0 - -
Branches ATMs + Branches Gr. YoY % (RHS) RoE RoA (RHS) Avg PB PB -1SD +1SD -2SD +2SD
Kotak Mahindra Bank (Consolidated) - Quarterly Financials
Income Statement
Fund based income
Interest on bal with RBI and other banks 1,481 302 366 813 334 479 828 261 196 153 218 735 967 308 126 61
Others 443 121 106 216 111 105 442 106 107 117 112 490 525 541 449 86
--growth y-o-y -2.0% -5.7% -2.4% 0.3% -1.0% 1.6% 11.9% 5.8% 7.6% 15.6% 20.1% 19.0% 12.6% 9.4% 53.2% 11.1%
--growth q-o-q - -2.2% -2.4% - -1.0% -0.2% - 1.2% -1.0% 1.6% 3.9% - - - - -
Other Income 23,884 8,224 6,505 9,156 5,254 3,901 16,826 3,651 5,210 4,124 3,840 15,994 13,614 11,581 7,573 8,104
Total Income 56,704 16,176 14,639 25,915 13,591 12,323 50,300 12,085 13,542 12,543 12,130 45,903 38,745 33,905 27,975 21,423
--growth y-o-y -18.5% -22.8% -19.8% -15.8% -19.0% -12.7% 4.7% -4.4% -1.3% 7.5% 18.8% 21.8% 8.8% 3.0% 59.7% 10.4%
--growth q-o-q - -6.0% -5.0% - -9.4% -4.5% - -2.3% -4.0% -2.4% 4.5% - - - - -
--growth y-o-y 13.0% 8.3% 12.9% 15.8% 15.8% 15.9% 19.4% 15.8% 16.8% 24.2% 21.4% 16.3% 16.5% 17.1% 46.1% 12.0%
--growth q-o-q - 0.1% -0.8% - 5.4% 3.4% - 4.3% 1.8% 5.6% 3.3% - - - - -
Opearating Expenses
Employee Cost 5,856 1,438 1,537 2,881 1,497 1,384 5,756 1,423 1,569 1,396 1,368 4,851 4,381 3,982 3,854 2,375
--growth y-o-y 17.5% 16.3% 67.7% 18.9% 28.4% 8.9% 20.3% 23.5% 24.1% 17.5% 15.9% 14.1% 23.0% 37.7% 26.5% 18.8%
--growth q-o-q - -18.8% 28.5% - 23.4% -9.7% - 17.1% -1.6% 4.7% 2.4% - - - - -

Others 3,260 1,215 478 1,593 473 1,119 2,558 1,262 473 473 350 1,045 1,025 949 992 206
Total 3,260 1,215 478 1,593 473 1,119 2,558 1,262 473 473 350 1,045 1,025 949 992 206
Profit Before tax 13,168 3,364 5,159 6,350 3,914 2,435 11,422 2,675 2,889 2,945 2,913 10,576 9,158 7,332 5,024 4,550
Income Tax 3,265 810 879 1,576 981 595 2,815 723 560 546 986 3,456 3,011 2,383 1,593 1,485
Less: Share of Minority Int 0 0 0 57 79 65 60
Add: Share in profit of Associate 87 36 26 25 13 12 -14 -47 19 8 5 84 111 70 93 40
Net Profit 9,990 2,589 4,306 4,799 2,947 1,853 8,594 1,906 2,349 2,407 1,932 7,204 6,201 4,940 3,459 3,045
--growth y-o-y 16.2% 35.9% 83.3% 10.6% 22.4% -4.1% 19.3% -6.5% 27.4% 37.8% 22.7% 16.2% 25.5% 42.8% 13.6% 23.5%
--growth q-o-q - -39.9% 46.1% - 59.1% -2.8% - -18.9% -2.4% 24.6% -5.2% - - - - -
Reserves 83,346 - 65,678 56,825 49,533 37,570 32,443 21,752
Tier 1 22.6% 22.6% 20.9% 21.3% 21.3% 21.1% 19.2% 19.2% 17.5% 17.4% 17.1% 16.7% 17.5% 15.9% 15.3% 16.2%
NIMs 4.5% 4.5% 4.6% 4.6% 4.4% 4.6% 4.7% 4.7% 4.6% 4.5% 4.3% 4.3% 4.5% 4.3% 4.9%
DPS 0.9 0.0 0.8 0.7 0.6 0.5 0.9
Dividend Payout 1.8% 0.0% 2.1% 2.2% 2.2% 2.7% 2.3%
Ratios
OPM@ -22.7% -45.8% -10.7% -7.2% -10.4% -4.1% -8.5% 3.4% -22.2% -8.4% -7.0% -14.6% -13.7% -14.8% -7.6% -25.1%
PBT/NII 66.3% 67.0% 102.9% 64.5% 77.5% 50.8% 65.0% 57.7% 65.1% 67.5% 70.5% 71.8% 72.3% 67.5% 54.1% 71.6%
Adj Book Value 409.9 409.9 383.0 359.7 359.7 335.8 339.2 339.2 333.1 321.7 303.7 293.8 255.6 199.2 174.5 277.6
Gross NPAs 8,276 8,276 5,511 6,055 6,055 6,293 5,488 5,488 5,915 5,475 5,021 4,789 4,071 3,804 3,016 1,392
Net NPAs 3,106 3,106 1,285 1,637 1,637 2,065 1,745 1,745 2,175 2,032 1,733 1,696 1,769 1,814 1,353 697
% of Gross NPAs 3.22% 3.22% 2.25% 2.55% 2.55% 2.67% 2.16% 2.16% 2.33% 2.17% 2.02% 1.94% 1.95% 2.25% 2.06% 1.56%
% of Net NPAs 1.23% 1.23% 0.53% 0.70% 0.70% 0.89% 0.70% 0.70% 0.82% 0.82% 0.71% 0.70% 0.86% 1.09% 0.93% 0.79%
Return on Assets 2.16% 0.54% 0.56% 1.05% 0.64% 0.41% 2.10% 0.58% 0.58% 0.60% 0.49% 1.99% 2.73% 2.73% 2.73% 2.73%
RoAE 13.23% - 13.82% 13.31% 13.94% 13.75% 12.46% 14.78%
Coverage Ratio 62.5% 62.5% 76.7% 73.0% 73.0% 67.2% 68.2% 68.2% 63.2% 62.9% 65.5% 64.6% 56.6% 52.3% 55.1% 49.9%
Company wise PAT

Kotak Mahindra Bank (Standalone) 6,964 1,682 1,854 3,428 2,184 1,244 5,947 1,267 1,596 1,724 1,360 4,866 4,084 3,411 2,091 1,867
Kotak Mahindra Prime 534 184 149 201 133 68 673 161 187 172 153 599 590 516 502 508
Kotak Mahindra Investment 258 73 68 117 74 43 271 77 64 67 63 206 245 197 155 106
Lending Business 7,756 1,939 2,071 3,746 2,391 1,355 6,891 1,505 1,847 1,963 1,576 5,671 4,919 4,124 2,748 2,481
Kotak Securities 793 241 184 368 199 169 550 163 128 149 110 452 531 362 251 290
Kotak Mahindra Capital Company 83 25 38 20 14 6 79 -7 40 1 45 63 65 46 33 13
Capital Market Business 876 266 222 388 213 175 629 156 168 150 155 515 596 408 284 303
Kotak Mahindra AMC & Trustee Co 346 100 91 155 84 71 337 88 91 85 73 254 115 55 72 -29
International Subsidiaries 154 50 5 99 45 54 119 30 26 34 29 149 115 87 105 52
Kotak Investment Advisors 12 4 25
Asset Management Business 500 150 96 254 129 125 456 118 117 119 102 403 230 154 181 48
Kotak Mahindra Old Mutual Life Insurance 692 193 167 332 171 161 609 165 166 144 134 507 414 303 251 228
Others 101 21 17 63 28 35 76 7 30 22 17 67 11 -37 -10 0
Total Consolidated PAT 9,925 2,569 2,573 4,783 2,932 1,851 8,661 1,951 2,328 2,398 1,984 7,163 6,170 4,952 3,454 3,060
Adjustments & Affiliate & others 66 20 29 17 15 2 -68 -46 21 9 -52 40 31 -12 5 -14
Consolidated Net Profit 9,991 2,589 2,602 4,800 2,947 1,853 8,593 1,905 2,349 2,407 1,932 7,203 6,201 4,940 3,459 3,046
Business (Standalone) 5,03,789 5,03,789 4,79,407 4,66,408 4,66,408 4,65,522 4,82,569 4,82,569 4,56,128 4,46,370 4,40,961 4,31,575 3,62,361 2,93,508 2,57,308 1,41,021
Advances 2,23,689 2,23,689 2,14,103 2,04,845 2,04,845 2,03,998 2,19,748 2,19,748 2,16,774 2,13,299 2,08,030 2,05,695 1,69,718 1,36,082 1,18,665 66,161
-- advances growth 1.8% 1.8% -1.2% -4.0% -4.0% -1.9% 6.8% 6.8% 10.4% 15.3% 17.6% 21.2% 24.7% 14.7% 79.4% 24.8%
Deposits 2,80,100 2,80,100 2,65,304 2,61,564 2,61,564 2,61,524 2,62,821 2,62,821 2,39,354 2,33,071 2,32,931 2,25,880 1,92,643 1,57,426 1,38,643 74,860
-- deposit growth 6.6% 6.6% 10.8% 12.2% 12.2% 12.3% 16.4% 16.4% 12.0% 13.2% 22.8% 17.3% 22.4% 13.5% 85.2% 26.7%
--Savings deposits 1,17,226 1,17,226 1,12,199 1,08,990 1,08,990 1,09,754 1,04,609 1,04,609 91,729 86,712 81,580 79,685 65,529 41,504 29,495 14,036
12.1% 12.1% 22.3% 25.7% 25.7% 34.5% 31.3% 31.3% 19.6% 19.4% 22.5% 21.6% 57.9% 40.7% 110.1% 39.1%
21.1% 21.1% 19.5% 5.9% 5.9% 5.6% 10.6% 10.6% 15.9% 24.0% 27.1% 20.6% 16.2% 19.2% 76.6% 50.8%
Casa 1,69,313 1,69,313 1,56,174 1,49,444 1,49,444 1,48,348 1,47,622 1,47,622 1,28,517 1,24,912 1,18,123 1,18,586 97,775 69,265 52,777 27,217
Others 1.4% 1.5% 1.3% 1.3% 1.3% 1.2% 1.3% 1.3% 1.3% 1.4% 1.3% 1.6% 2.1% 2.4% 2.2% 0.6%
Other income 72.8% 103.4% 80.0% 54.6% 63.0% 46.3% 50.3% 43.3% 62.5% 49.0% 46.3% 53.5% 54.2% 51.9% 37.1% 60.8%
Wages 17.8% 18.1% 18.9% 17.2% 18.0% 16.4% 17.2% 16.9% 18.8% 16.6% 16.5% 16.2% 17.4% 17.8% 18.9% 17.8%
PBT 60.5% 63.1% 61.6% 58.7% 60.6% 56.9% 52.5% 54.9% 53.3% 51.8% 49.9% 49.2% 50.4% 48.7% 45.5% 47.7%
Income Tax 9.9% 10.2% 10.8% 9.4% 11.8% 7.1% 8.4% 8.6% 6.7% 6.5% 11.9% 11.6% 12.0% 10.7% 7.8% 11.1%
PAT 30.4% 32.6% 52.9% 28.6% 35.3% 22.0% 25.7% 22.6% 28.2% 28.6% 23.3% 24.1% 24.7% 22.1% 17.0% 22.9%
Sushil Choksey - sushil@indusequity.com +91 9821414765 || Amit Mishra - amit@indusequity.com +91 992049408
Kotak Mahindra Bank (Standalone) INDUS EQUITY ADVISORS

3,000 30.0 1,800 1,693 70.0 41.2 45.0
24.7 1,600 1,476 40.0
2,500 25.0 60.0
21.2 1,400 35.0
1,186 31.2
50.0
2,000 22.4 16.4 20.0 1,200 30.0
978 24.5
14.7
1,172
1,000 40.0 27.8 21.3 25.0
1,046
1,500 17.3 15.0
10.9 693 20.0
13.5 800 30.0 14.7
521
528
797
430
1,000 11.8 10.0
389
6.8 600 15.0
6.6
322
20.0
655
278
233
400 10.0
1,187
1,386
1,361
1,574
1,697
1,926
2,057
2,259
2,197
2,628
2,237
2,801
500 5.0
415
10.0
38.1
44.0
50.8
52.5
56.2
60.4
295
200 5.0
- - INR Bn - -
1.8 -
Loans Deposits

80 3.3 3.5 80.0 0.90
69.0
70 70.0 65.4 63.6 0.80
3.0 0.85
2.6
60.0 55.5 56.5 0.70
60 2.4 52.0
2.2 2.3 2.5 0.69
2.1 0.60
50 50.0 0.63
2.0 0.50
40 40.0
0.40 0.48
1.3 1.2 1.5 0.45
30 1.1 30.0 0.41
1.0 0.30
0.8 0.7 1.0 20.0
20 0.20
10 0.5 10.0 0.10
13
17
17
15
16
27
28
36
38
45
50
74
- - - -
FY16 FY17 FY18 FY19 FY20 FY21 %
Kotak Mahindra Bank (Standalone) INDUS EQUITY ADVISORS
70.0 2.94 2.99 3.1 5.0 57.5 60.0 25.0
2.89 2.98
2.9 48.4 55.0
60.0 4.5 47.3 47.4 46.9 50.0 20.0
21.5
2.7
50.0 4.0 41.3 45.0
2.42
2.5
17.5
17.1
40.0 40.0 15.0
16.7
3.5
15.9
2.21
15.3
2.3 35.0
30.0 3.0
2.1 30.0 10.0
20.0 25.0
1.9 2.5
10.0 20.0 5.0
1.7 2.0
16.3
16.8
18.2
17.5
17.9
22.3
21 34 41 49 59 53 15.0
- 1.5 4.3 4.5 4.3 4.5 4.6 4.4
1.5 10.0 -
Source: Company, Indus Equity Source: Company, Indus Equity *calculated Source: Company, Indus Equity

3,000 11.0 14.0 2.0 5.50
1.77
8.1 1.68 1.70 1.69
9.0 1.8
2,500 12.0 5.00
6.7 1.42 1.6
7.0
4.8 10.0 1.4
2,000 1.14 4.50
3.5 5.0 1.2
8.0
1,500 1.4 3.0 1.0
4.00
0.2 6.0 0.8
1.0
1,000
4.0 0.6 3.50
-1.0
0.4
500
1,323
2,032
1,369
2,163
1,388
2,199
1,500
2,352
1,600
2,519
1,604
2,598
-3.0 2.0
0.2 3.00
9.10 13.23 12.55 12.18 13.08 9.45
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
- -5.0 - -
Source: Company, Indus Equity Source: Company, Indus Equity Source: Company, Indus Equity (Console)
Kotak Mahindra Bank INDUS EQUITY ADVISORS
KMB and It’s Subsidiaries
KMB Group: Earnings (INR Bn)

FY15 FY16 FY17 FY18 FY19 FY20 FY21
Kotak Mahindra Bank (Standalone) 18.7 20.9 34.1 40.8 48.7 59.5 69.6
Kotak Mahindra Prime 5.1 5.0 5.2 5.9 6.0 6.7 5.3
Kotak Mahindra Investment 1.1 1.6 2.0 2.5 2.1 2.7 2.6
Lending Business 24.8 27.5 41.2 49.2 56.7 68.9 77.6
Kotak Securities 2.9 2.5 3.6 5.3 4.5 5.5 7.9

Kotak Mahindra Capital Company 0.1 0.3 0.5 0.7 0.6 0.8 0.8
Capital Market Business 3.0 2.8 4.1 6.0 5.2 6.3 8.8
Kotak Mahindra AMC & Trustee Co -0.3 0.7 0.6 1.2 2.5 3.4 3.5
International Subsidiaries 0.5 1.1 0.9 1.2 1.5 1.2 1.5
Kotak Investment Advisors 0.3 0.0 0.1 - - - -
Asset Management Business 0.5 1.8 1.5 2.3 4.0 4.6 5.0
Kotak Mahindra Old Mutual Life Insurance 2.3 2.5 3.0 4.1 5.1 6.1 6.9
Others - -0.1 -0.4 0.1 0.7 0.8 1.0
Total Consolidated PAT 30.6 34.5 49.5 61.7 71.6 86.6 99.3
Adjustments & Affiliate & others -0.1 0.1 -0.1 0.3 0.4 -0.7 0.7
Consolidated Net Profit 30.5 34.6 49.4 62.0 72.0 85.9 99.9
Source: Company, Indus Equity

Punjab & Sind Bank - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H2'21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Income Statement
Fund based income
Others 121 34 27 60 31 29 128 31 32 32 32 171 149 192 133 13
--growth y-o-y -12.1% -15.4% -9.1% -11.9% -10.6% -13.1% -7.4% -5.6% -10.0% -8.5% -5.2% 7.7% -2.7% -6.5% 1.8% 7.7%
--growth q-o-q - -8.6% -2.1% 0.0% -5.5% - -1.9% -3.6% -2.8% 2.6% - - - - -
Other Income 903 330 219 353 199 154 897 385 136 209 167 828 581 578 478 429
Total Income 7,877 1,941 1,983 3,954 1,999 1,954 8,827 2,289 2,077 2,223 2,238 9,387 8,530 8,751 9,223 9,017
--growth y-o-y -19.8% -20.3% -21.7% -18.6% -21.1% -16.0% -6.5% -11.9% -9.7% -5.7% 2.0% 9.9% -5.0% -8.4% -4.9% 8.8%
--growth q-o-q - -2.7% -3.4% -6.0% -9.8% - -4.4% -2.7% 0.1% -5.4% - - - - -
Net Interest Income 2,262 495 616 1,151 613 537 2,058 504 476 509 568 2,280 2,235 2,159 2,176 1,679
--growth y-o-y 9.9% -1.8% 29.3% 6.8% 20.4% -5.4% -9.7% 17.3% -10.8% -15.9% -20.1% 2.0% 3.5% -0.8% 29.6% 3.6%
--growth q-o-q - -19.7% 0.5% 14.2% 6.6% - 5.8% -6.4% -10.3% 32.1% - - - - -
Opearating Expenses
Wages 1,688 431 520 736 417 320 1,211 291 301 299 320 1,176 1,123 990 894 874
Total Operating Expenses 2,394 651 696 1,047 581 466 1,858 460 466 468 465 1,711 1,672 1,496 1,384 1,333
Profit before Tax and Provisions (Pbtp) 771 174 140 457 231 226 1,097 430 147 251 270 1,397 1,145 1,242 1,270 775
--growth y-o-y -29.7% -59.6% -4.6% -12.1% -7.7% -16.2% -21.5% 6.3% -37.2% -28.5% -34.0% 22.0% -7.8% -2.2% 63.8% -3.1%
--growth q-o-q - 24.0% -39.4% 2.4% -47.4% - 192.5% -41.4% -7.0% -33.3% - - - - -

Provision for NPA 2,678 20 1,482 1,176 845 331 2,308 684 464 949 211 1,962 0 0 0 0
Others 1,498 -16 1,443 71 19 52 311 134 30 23 123 293 1,740 991 771 627
Total 4,175 4 2,925 1,246 864 383 2,619 818 494 973 335 2,256 1,740 991 771 627
Profit Before tax -3,404 169 -2,785 -789 -632 -157 -1,522 -388 -347 -722 -65 -859 -595 250 498 148
Income Tax -671 9 -409 -271 -231 -40 -532 -152 -92 -253 -35 -315 149 49 162 27
effective tax rate 19.7% 5.1% 14.7% 34.3% 36.5% 25.4% 34.9% 39.1% 26.5% 35.1% 53.4% 36.7% -25.0% 19.7% 32.6% 18.1%
Net Profit -2,733 161 -2,376 -518 -401 -117 -991 -236 -255 -469 -30 -543 -744 201 336 121
--growth y-o-y 175.8% 168.0% 829.8% 3.8% -14.4% 286.0% 82.3% -303.4% -1243.6% 329.1% -92.4% -26.9% -469.9% -40.1% 176.9% -59.6%
--growth q-o-q - -106.8% - -7.5% -45.5% - - - - -
Paid up Equity Share Capital 4,053 4,053 701 701 701 701 701 701 701 602 602 565 565 400 400 400
Reserves 3,392 3,971 688 4,207 4,771 4,869 4,668 4,411
Govt Holding 97.1% 97.1% 83.1% 83.1% 83.1% 83.1% 83.1% 83.1% 83.1% 80.3% 80.3% 85.6% 85.6% 79.6% 79.6% 79.6%
Earning per share -6.7 0.4 -33.9 -7.4 -5.7 -1.7 -14.1 -3.4 -3.6 -7.8 -0.5 -9.6 -13.2 5.0 8.4 3.0
DPS 0.0 0.0 0.0 0.0 0.0 1.7 0.6
Dividend Payout 0% 0% 0% 0% 0% 20% 20%
Punjab & Sind Bank - Quarterly Financials
( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H2'21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Mar' 18 Mar' 17 Mar' 16 Mar' 15
Ratios
OPM@ -1.9% -9.7% -4.5% 2.9% 1.8% 4.0% 2.5% 2.3% 0.5% 2.1% 5.0% 6.6% 7.1% 8.1% 9.1% 4.0%
Adj Book Value 12.3 12.3 2.0 12.1 12.1 3.3 -0.2 -0.2 -8.2 -2.2 -4.7 -3.9 12.9 22.3 52.9 63.6
Gross NPAs 9,334 9,334 8,490 8,673 8,673 8,848 8,875 8,875 8,923 9,218 8,886 8,606 7,802 6,298 4,229 3,082
Net NPAs 2,462 2,462 1,638 3,307 3,307 4,326 4,684 4,684 5,418 4,444 5,062 4,994 4,608 4,375 2,949 2,266
% of Gross NPAs 17.8% 17.8% 13.1% 14.1% 14.1% 14.3% 14.2% 14.2% 13.6% 13.6% 12.9% 11.8% 11.2% 10.5% 6.5% 4.8%
% of Net NPAs 4.0% 4.0% 2.8% 5.9% 5.9% 7.3% 8.0% 8.0% 8.7% 7.1% 7.8% 7.2% 6.9% 7.5% 4.6% 3.6%
Return on Assets -2.6% 0.6% -8.9% -1.0% -1.6% -0.5% -0.9% -0.9% -0.9% -1.7% -0.1% -0.5% -1.9% 0.0% 0.4% -0.3%
RoAE -45.1% -21.0% -10.8% -14.0% 3.9% 6.8% 2.8%
Coverage Ratio 73.6% 73.6% 80.7% 61.9% 61.9% 51.1% 47.2% 47.2% 39.3% 51.8% 43.0% 42.0% 40.9% 30.5% 30.3% 26.5%
Business 1,57,050 1,57,050 1,48,275 1,40,922 1,40,922 1,42,425 1,48,079 1,48,079 1,54,730 1,56,828 1,59,829 1,67,733 1,24,904 1,45,803 1,56,527 1,50,585
Advances 60,942 60,942 57,766 56,363 56,363 57,200 58,412 58,412 62,243 62,857 65,195 69,176 66,569 60,263 65,277 63,870
-- advances growth 4.3% 4.3% -7.2% -10.3% -10.3% -12.3% -15.6% -15.6% -12.8% -8.0% -1.8% 3.9% 10.5% -7.7% 2.2% 10.4%
Deposits 96,108 96,108 90,509 84,559 84,559 85,225 89,668 89,668 92,487 93,971 94,635 98,558 58,335 85,540 91,250 86,715
-- deposit growth 7.2% 7.2% -2.1% -10.0% -10.0% -9.9% -9.0% -9.0% -7.3% -7.5% -5.1% 69.0% -31.8% -6.3% 5.2% 2.3%

Others 1.7% 2.1% 1.5% 1.7% 1.7% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 2.0% 1.9% 2.3% 1.5% 0.1%
other Income 12.9% 20.5% 12.4% 9.8% 11.1% 8.6% 11.3% 20.2% 7.0% 10.4% 8.1% 9.7% 7.3% 7.1% 5.5% 5.0%
Wages 24.2% 26.8% 29.5% 20.5% 23.2% 17.8% 15.3% 15.3% 15.5% 14.9% 15.5% 13.7% 14.1% 12.1% 10.2% 10.2%
PBT -48.8% 10.5% -157.9% -21.9% -35.1% -8.7% -19.2% -20.4% -17.9% -35.9% -3.1% -10.0% -7.5% 3.1% 5.7% 1.7%
Income Tax -9.6% 0.5% -23.2% -7.5% -12.8% -2.2% -6.7% -8.0% -4.7% -12.6% -1.7% -3.7% 1.9% 0.6% 1.9% 0.3%
PAT -39.2% 10.0% -134.7% -14.4% -22.3% -6.5% -12.5% -12.4% -13.2% -23.3% -1.5% -6.4% -9.4% 2.5% 3.8% 1.4%

Punjab & Sind Bank INDUS EQUITY ADVISORS

1,200 25.0 350 315 35.0 18.9 20.0
18.9
20.0 18.0
1,000 300 264 265 30.0
15.0 236 241 13.7 16.0
7.2 250
274
800 10.0 207 25.0 14.0
5.2 11.0
10.5 3.9 12.0
233
5.0 200 20.0 9.8
29.6
214
600 4.3
201
10.0
191
- 150
2.2 15.0 8.0
-6.3
157
400 -3.1 -9.0 -5.0
100 10.0 6.0
50
50
-10.0
45
-7.7
41
39
2.1 4.0
32
1,017
200
50 5.0
22.7
27.5
23.7
26.8
32.8
653
913
603
666
692
584
897
609
961
855
986
-15.0 0.4 2.0

- -15.6 -20.0 - - -
INR Bn
FY16 FY17 FY18 FY19 FY20 FY21 % INR Bn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

100 17.8 20.0 90.0 5.00
82.9
90 18.0 4.50
80.0 73.6
80 14.2 16.0 66.7 4.00 4.49
70.0
70 14.0 59.5 3.50
11.8 60.0 54.4
11.2 3.62
60 10.5 12.0 48.3 3.00
46.7 47.2
50.0 42.0
50 10.0 40.9 2.50 2.89
8.0 2.72
7.5 6.9 7.2 40.0
40 6.5 8.0 30.3 30.5 2.00
30 4.6 6.0 30.0 1.50
4.0 1.76
20 4.0 20.0 1.00
1.25
10 2.0 10.0 0.50
29
44
46
50
47
25
42
78
86
93
63
89
- - - -
% FY16 FY17 FY18 FY19 FY20 FY21
Punjab & Sind Bank INDUS EQUITY ADVISORS
5.0 1.27 1.4 2.7 75.6 80.0 14.0
1.25 1.25
- 1.09 1.05 1.2 2.5 62.9 70.0 12.0
59.4
-5.0 1.0 54.6 55.1 60.0 10.0
2.3 52.2
0.73
9.3
3.4 2.0 -7.4 -5.4 -9.9
9.1
-10.0 0.8 50.0 8.0
8.4
2.1
7.8
7.6
7.6
-15.0 FY16 FY17 FY18 FY19 FY20 FY21 0.6 40.0 6.0
-27.3 1.9
-20.0 0.4 30.0 4.0
-25.0 0.2 1.7 20.0 2.0
11.8
11.1
11.3
10.9
12.8
12.1
2.2 2.5 2.2 2.0 1.9 1.7
-30.0 - 1.5 10.0 -

1,540 2.2 2.5 10.0 0.5 1.3
0.34 0.20
1,530
- - 1.1
1,520 2.0 -0.49
-0.71 -0.5 0.9
1,510 -10.0 -0.95
1.5 -10.8
1,500 1.3 -1.0 0.7
1,490 -20.0
0.9
1,531
1.0 -1.5 0.5

1,480 -30.0
0.5
-2.0 0.3
1,470 0.3 0.5
1,481
1,500
1,518
1,526
-2.6
1514
1,460 -40.0 6.8 3.9 -14.0 -21.0 -2.5

0.3 -45.1 0.1
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Sep-15
Sep-16
Sep-17
Sep-19
Sep-20
Sep-18
Jan-17
Jan-18
Jan-19
Jan-21
Jan-16
Jan-20
1,450 - -50.0 FY16 FY17 FY18 FY19 FY20 FY21 -3.0
Branches Branches Gr. YoY % (RHS) RoE RoA (RHS) Avg PB PB -1SD +1SD -2SD +2SD
Punjab National Bank - Quarterly Financials

Income Statement
Fund based income
Interest on bal with RBI and other banks 1,899 474 419 1,006 512 494 2,510 672 669 624 546 1,891 2,001 1,354 731 632
Others 934 460 178 296 164 132 142 32 33 37 40 227 214 386 215 289
--growth y-o-y 50% 36% 50% 58% 58% 57% 5% 8% 4% 8% 0% 7% 2% 0% 2% 7%
--growth q-o-q - -0.1 -3% - 2% 49% - 0.0 2% 2% 2% - - - - -
Other Income 12,897 3,742 2,974 6,181 2,493 3,688 9,274 2,529 2,405 2,265 2,075 7,377 8,881 10,359 6,877 5,891
Total Income 93,562 22,532 23,299 47,731 23,439 24,293 63,074 16,388 15,967 15,557 15,162 58,688 56,877 57,635 54,301 52,206
--growth y-o-y 38.3% 29.1% 30.5% 46.9% 39.0% 54.9% 6.5% 6.3% 5.3% 8.1% 6.2% 3.3% 2.4% 0.5% 7.9% 9.9%
--growth q-o-q - -1.3% -4.3% - -9.4% 50.9% - -0.3% 2.0% 0.9% 3.6% - - - - -
--growth y-o-y 74.3% 48.3% 90.9% 80.1% 96.8% 63.0% 1.6% 11.4% 1.5% 7.3% -11.7% 15.0% -0.5% -2.1% -7.5% 2.5%
--growth q-o-q - -16.5% -1.0% - 24.4% 44.3% - 7.4% 2.1% 3.0% -1.4% - - - - -
Opearating Expenses
Employee Cost 12,176 2,700 2,928 6,548 3,241 3,307 6,962 1,854 1,751 1,675 1,682 6,963 9,169 5,421 6,426 7,337
--growth y-o-y 55.9% 43.3% 69.8% 55.5% 59.3% 51.7% 13.4% 37.4% 21.4% 25.4% -17.0% 26.2% -35.6% 30.8% 2.2% 5.0%
--growth q-o-q - -11.8% 12.6% - 7.5% 34.3% - 4.5% 5.6% 2.3% 21.7% - - - - -

Provision for NPA 17,060 5,294 3,118 8,648 3,811 4,836 14,464 4,618 4,445 3,253 2,147 24,435 - - - -
Others 2,441 -608 2,315 734 885 -151 -465 283 -299 -324 -124 3,906 29,869 13,962 17,954 7,998
Total 19,501 4,686 5,433 9,382 4,696 4,686 13,999 4,901 4,146 2,929 2,023 28,341 29,869 13,962 17,954 7,998
Exceptional Item 0 0 0 0 0 0 0
Profit Before tax 3,479 948 958 1,573 979 594 739 -969 -383 633 1,458 -15,346 -19,575 2,012 -5,738 3,957
Income Tax 1,458 362 452 644 358 286 403 -272 109 126 439 -5,370 -7,292 687 -1,764 896
effective tax rate 41.9% 38.2% 47.2% 40.9% 36.6% 48.1% 54.5% 28.1% -28.5% 19.9% 30.1% 35.0% 37.3% 34.1% 30.7% 22.6%
Net Profit 2,022 586 506 929 621 308 336 -697 -492 507 1,019 -9,975 -12,283 1,325 -3,974 3,061
--growth y-o-y 500.9% -184.1% -202.8% -39.1% 22.4% -69.7% -103.4% -85.3% -299.7% -111.2% -208.4% -18.8% -1027.2% -133.3% -229.8% -8.4%
--growth q-o-q - 15.8% -18.5% - 101.3% -144.3% - 41.6% -197.1% -50.2% -121.4% - - - - -
Paid up Equity Share Capital 2,096 2,096 2,096 1,882 1,882 1,882 1,348 1,348 1,348 921 921 921 552 426 393 371
Reserves 81,641 3,575 56,251 36,838 37,921 35,073 37,321 34,125
Govt Holding 76.9% 76.9% 76.9% 85.6% 85.6% 85.6% 83.2% 83.2% 83.2% 75.4% 75.4% 75.4% 62.3% 65.0% 62.1% 59.9%
CET 1 10.6% 10.6% 10.1% 9.5% 9.5% 9.4% 10.7% 10.7% 10.6% 10.9% 6.4% 6.2% 6.0%
NIMs 2.9% 2.7% 3.1% 2.9% 3.2% 2.5% 2.3% 2.4% 2.4% 2.5% 2.4% 2.6% 2.4% 2.7% 3.0% 3.2%
Earning per share 1.9 0.6 0.5 4.9 0.7 0.3 0.5 -1.0 -0.7 1.1 2.2 -21.7 -44.5 6.2 -20.2 16.5
DPS 0.0 0.0 0.0 0.0 0.0 0.0 3.3
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.0%
Punjab National Bank - Quarterly Financials

Ratios
OPM@ 12.5% 10.1% 16.8% 11.5% 15.2% 7.7% 10.2% 10.1% 10.0% 9.8% 10.7% 10.9% 2.9% 11.9% 11.3% 13.1%
Adj Book Value 43.1 43.1 31.7 29.9 29.9 24.6 45.1 45.1 12.9 14.4 18.7 16.8 -37.0 13.1 11.7 103.0
Gross NPAs 1,04,423 1,04,423 94,479 96,314 96,314 1,01,849 73,479 73,479 76,809 79,458 77,267 78,473 86,620 55,370 55,818 25,695
Net NPAs 38,576 38,576 26,598 30,920 30,920 35,303 27,219 27,219 30,519 32,659 30,180 30,038 48,684 32,702 35,423 15,397
Slippages 10,917 5,020 1,150 4,747 2,271 2,476 25,949 5,020 7,398 8,119 5,412 24,297 57,557 22,415 42,252 16,660
% of Gross NPAs 14.1% 14.1% 13.0% 13.4% 13.4% 14.1% 14.2% 14.2% 16.3% 16.8% 16.5% 15.5% 18.4% 12.5% 12.9% 6.6%
% of Net NPAs 5.7% 5.7% 4.0% 4.8% 4.8% 5.4% 5.8% 5.8% 7.2% 7.7% 7.2% 6.6% 11.2% 7.8% 8.6% 4.1%
Slippage Ratio 2.3% 4.3% 1.1% 2.2% 2.1% 2.3% 5.7% 4.4% 6.8% 7.5% 5.2% 5.6% 13.7% 5.4% 11.1% 4.8%
Return on Assets 0.2% 0.2% 0.2% 0.1% 0.2% 0.1% -2.3% -0.3% -0.2% 0.2% 0.5% -1.3% -6.7% 0.1% -3.2% 0.6%
RoAE 2.9% 0.7% -26.2% -33.2% 3.6% -11.0% 8.9%
Coverage Ratio 63.1% 63.1% 71.8% 67.9% 67.9% 65.3% 63.0% 63.0% 60.3% 58.9% 60.9% 61.7% 43.8% 40.9% 36.5% 40.1%
Business 17,80,563 17,80,563 17,42,642 17,22,410 17,22,410 17,31,114 11,75,674 11,75,674 11,34,049 11,23,685 10,94,265 11,34,279 10,75,961 10,41,197 9,65,377 8,81,913
Advances 6,74,230 6,74,230 6,60,486 6,52,663 6,52,663 6,56,197 4,71,828 4,71,828 4,25,504 4,27,903 4,21,794 4,58,249 4,33,735 4,19,493 4,12,326 3,80,534
-- advances growth -3.2% -3.2% 1.2% 0.7% 0.7% 1.5% 3.0% 3.0% -2.0% -0.7% 1.6% 5.7% 3.4% 1.7% 8.4% 9.0%
Deposits 11,06,332 11,06,332 10,82,156 10,69,747 10,69,747 10,74,917 7,03,846 7,03,846 7,08,544 6,95,782 6,72,471 6,76,030 6,42,226 6,21,704 5,53,051 5,01,379
-- deposit growth 3.2% 3.2% 0.7% 1.4% 1.4% 3.6% 4.1% 4.1% 8.9% 7.1% 6.7% 5.3% 3.3% 12.4% 10.3% 11.1%
12.0% 12.0% 8.4% 9.1% 9.1% 11.0% 6.7% 6.7% 9.3% 8.5% 7.3% 8.0% 4.1% 26.4% 12.8% 6.2%
7.5% 7.5% -4.0% -3.6% -3.6% 5.6% 3.0% 3.0% 15.1% 14.9% 18.2% 9.4% -11.6% 26.8% 7.7% 6.6%
Casa 4,92,782 4,92,782 4,70,282 4,59,477 4,59,477 4,53,816 3,02,474 3,02,474 3,01,735 2,92,940 2,78,264 2,85,040 2,63,427 2,60,016 2,05,583 1,83,780
Fund Based Income
Others 1.2% 2.4% 0.9% 0.7% 0.8% 0.6% 0.3% 0.2% 0.2% 0.3% 0.3% 0.4% 0.4% 0.8% 0.5% 0.6%
Other income 16.0% 19.9% 14.6% 14.9% 11.9% 17.9% 17.2% 18.3% 17.7% 17.0% 15.9% 14.4% 18.5% 21.9% 14.5% 12.7%
Wages 15.1% 14.4% 14.4% 15.8% 15.5% 16.1% 12.9% 13.4% 12.9% 12.6% 12.9% 13.6% 19.1% 11.5% 13.5% 15.8%
PBT 4.3% 5.0% 4.7% 3.8% 4.7% 2.9% 1.4% -7.0% -2.8% 4.8% 11.1% -29.9% -40.8% 4.3% -12.1% 8.5%
Income Tax 1.8% 1.9% 2.2% 1.5% 1.7% 1.4% 0.7% -2.0% 0.8% 0.9% 3.4% -10.5% -15.2% 1.5% -3.7% 1.9%
PAT 2.5% 3.1% 2.5% 2.2% 3.0% 1.5% 0.6% -5.0% -3.6% 3.8% 7.8% -19.4% -25.6% 2.8% -8.4% 6.6%
*1QFY21 is consolidated numbers

Punjab National Bank INDUS EQUITY ADVISORS

12,000 12.0 6,000 50.0 30.0
26.0
10.2 10.0 4,928 45.0
10,000 8.2 5,000 4,430 25.0
7.9 4,229 40.0
8.0 3,916
3,870
8,000 35.0
6.2 6.0 4,000 20.0
6.6
4,172
3,071 30.0
3,727
6,000 3.2 4.0
3,531
2.7 3,000 25.0 11.5 15.0
3,275
2.2
3,125
1.1 20.0 10.1
2.0
4,000 8.0 10.0
2,501
1.8 2,000 15.0
-1.7 - 4.8
755
744
703
698
10,437
10,716
11,063
641
570
10.0
6,293
8,784
6,433
9,680
6,326
9,789
6,845
6,968
6,742
2,000 1,000 1.2 5.0
35.0
40.0
40.0
40.5
41.3
44.5
-2.0
5.0
- -3.2 -4.0 INR Bn
- - -
Loans Deposits
1,400 18.8 20.0 90.0 7.0
77.8 80.1
18.0 80.0 74.5
1,200 6.0
14.9 16.0
13.8 14.1 70.0 64.0 63.1 5.9
1,000 13.1 58.6 58.4 59.7 5.0 5.6
12.2 14.0 60.0
11.6 51.1
800 12.0 50.0 43.3 4.0
40.1
8.2 8.3 10.0 40.0 35.7 3.9
600 3.0
6.6 8.0 3.3 3.4
5.4 5.7 30.0
6.0 2.0 2.6
400 20.0
4.0 1.0
10.0
1,293
1,122
1,052
1,044
200
515
534
733
453
379
386
800
892
2.0
- -
- -
50.0 8.3 9.0 3.5 56.8 60.0 16.00
7.5 55.0
8.0 14.00
3.0 47.0 46.9
- 7.0 44.9 44.8 50.0
12.00
2.5 45.0
6.0
-50.0 4.8 37.0 10.00
4.4 40.0
10.6
5.0 2.0
35.0
9.2
4.0 8.00
5 20
-100.0 1.5
7.9
7.9
2.6 30.0
-41 3.0 6.00
6.2
25.0
6.0
-83 2.0 1.0
-150.0 4.00
-122 0.7 20.0
11.66
11.28
1.0 0.5
9.20
9.73
12.3
14.3
-196 15.0 2.00
-200.0 - 3.0 2.7 2.4 2.6 2.3 2.9
- 10.0 -
FY16 FY17 FY18 FY19 FY20 FY21* FY16 FY17 FY18 FY19 FY20* FY21*

16,000 4.0 10.0 0.5 1.60
0.19 0.15
2.8 3.0 5.0
15,079
14,000 1.40
14,197
13,897
- -
13,797
13,781
13,686
12,000 2.2 2.0

1.20
1.0 -5.0
10,000 -0.61 -0.65
-10.0 -0.5 1.00
0.6 -
8,000 0.0 -15.0
-1.3 -1.0 0.80
6,000 -20.0 -0.65 -1.0
-2.0 -1.25 0.60
4,000
-25.0
-3.0 0.40
11,122
11,366
11,429
11,434
10,910
10,769
-30.0 -1.60 -1.5

2,000 -4.0
-4.6 -35.0 -33.21 0.20
-11.01 3.62 3.88
Feb-16
Feb-17
Feb-18
Feb-19
Feb-20
Feb-21
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
- -5.0
Jun-15
Jun-16
Jun-17
Jun-18
Jun-20
Jun-19
Jun-21
-40.0 -26.17 -2.0
FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20* FY21*
Performance of Subsidiaries, Joint Venture and Associates (INR Crore)
Proportion of Results Total Total Gross Net

Type Name of the entity
Ownership% (3/6/9/12 M) Income Expense Profit Profit
Associates PNB Housing Finance Ltd 32.6% Mar’21 (12M) 7624 6417 1207 930
Subsidiaries PNB Investment Services Ltd. 100.0% Dec’20 (9M) 6 5 1 0.5
Subsidiaries PNB Gilts Ltd. 74.1% Dec’20 (9M) 960 334 626 468
Associates PNB MetLife India Insurance Co. Ltd 30.0% Mar’21 (12M) 9558 9445 113 101
Associates Canara HSBC OBC Life Insurance 23.0% Mar’21 (12M) 5722 5620 102 95
Subsidiaries PNB (International) Ltd. 100.0% Mar’21 (12M) 177 149 28 -73
Associates India SME Asset Reconstruction Co. Ltd 20.9% Dec’20 (9M) 10 7 3 1
Subsidiaries Druk PNB Bank Ltd. 51.0% Dec’20 (12M) 123 95 28 16
Joint
Everest Bank Ltd. 20.0% April’21 (9M) 605 471 134 94
Venture
RBL Bank- Quarterly Financials
Income Statement
Fund based income
Interest / Discount on advances 6,524 1,513 1,564 3,446 1,647 1,799 6,907 1,807 1,761 1,720 1,619 5,050 3,431 2,639 1,953
Income on Investments 1,363 343 353 668 335 333 1,373 339 355 339 340 1,093 998 981 745
Others 36 11 10 15 8 7 43 5 6 11 22 46 8 7 6
Total Fund based income 8,215 1,922 1,980 4,312 2,077 2,235 8,514 2,208 2,157 2,126 2,023 6,301 4,508 3,713 2,744
--growth y-o-y -3.5% -12.9% -8.2% 3.9% -2.3% 10.5% 35.1% 20.4% 31.6% 45.3% 48.3% 39.8%
--growth q-o-q - -2.9% -4.7% - -7.1% 1.2% - 2.4% 1.5% 5.1% 10.3% - - - -
Other Income 2,058 688 580 790 456 333 1,910 501 487 442 481 1,442 1,068 755 491
Total Income 10,272 2,611 2,560 5,102 2,533 2,568 10,425 2,709 2,644 2,568 2,504 7,743 5,576 4,469 3,235
Total Interest Expense 4,427 1,016 1,072 2,339 1,145 1,194 4,885 1,187 1,235 1,257 1,205 3,761 2,741 2,492 1,925
--growth y-o-y -9.4% -14.4% -13.2% -5.0% -8.9% -1.0% 29.9% 8.4% 25.5% 44.5% 48.5% 37.2%
--growth q-o-q - -5.2% -6.4% - -4.1% 0.5% - -3.8% -1.8% 4.3% 10.0% - - - -
Net Interest Income 3,788 906 908 1,973 932 1,041 3,630 1,021 923 869 817 2,539 1,766 1,221 819
--growth y-o-y 4.4% -11.3% -1.6% 17.0% 7.3% 27.4% 42.9% 38.2% 40.8% 46.5% 47.9% 43.8%
--growth q-o-q - -0.2% -2.6% - -10.5% 2.0% - 10.7% 6.2% 6.3% 10.6% - - - -
Opearating Expenses
Employee Cost 845 207 211 428 215 212 768 200 188 196 185 636 551 446 370
Other administrative Exps 1,909 511 473 926 453 473 2,020 557 489 478 495 1,406 953 610 397
Total Operating Expenses 2,755 718 683 1,353 669 685 2,788 757 677 674 680 2,042 1,503 1,056 767
Profit before Tax and Provisions (Pbtp) 3,091 877 805 1,409 720 690 2,752 765 732 636 619 1,940 1,331 920 542
--growth y-o-y 12.3% 14.6% 9.9% 12.3% 13.2% 11.5% 41.8% 36.6% 46.9% 41.6% 43.1% 45.7%
--growth q-o-q - 8.9% 11.8% - 4.4% -9.8% - 4.5% 15.2% 2.8% 10.5% - - - -

Others 2,402 766 610 1,026 526 500 1,999 614 638 533 213 641 365 210 114
Total 2,402 766 610 1,026 526 500 1,999 614 638 533 213 641 365 239 114
Profit Before tax 689 110 195 384 194 190 753 151 94 103 406 1,299 967 681 428
Income Tax 181 35 48 98 50 48 247 36 24 48 139 432 331 235 136

effective tax rate 26.3% 31.7% 24.6% 25.6% 25.8% 25.5% 32.8% 24.1% 25.5% 47.0% 34.2% 33.3% 34.3% 34.5% 31.7%
Net Profit 508 75 147 285 144 141 506 114 70 54 267 867 635 446 292
--growth y-o-y 0.4% -34.1% 110.2% -11.2% 165.4% -47.1% -41.7% -53.7% -68.9% -73.4% 40.5% 36.5%
--growth q-o-q - -48.8% 2.0% - 2.1% 23.5% - 63.5% 28.8% -79.7% 8.0% - - - -
Face Value 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10
Paid up Equity Share Capital 598 598 598 509 509 509 509 509 508 431 428 427 420 375 325
Reserves 12,064 1,470 10,073 2,622 7,120 6,263 3,959 2,664
Capital Adequacy Ratio 17.5% 17.5% 17.3% 16.1% 16.1% 16.1% 16.5% 16.5% 15.7% 11.9% 12.1% 13.5% 15.3% 12.9% 12.9%
CET 1 16.6% 16.6% 17.1% 15.1% 15.1% 15.2% 15.3% 15.3% 15.0% 11.3% 11.3% 12.1% 13.6% 11.4% 11.1%
NIMs 4.5% 4.2% 4.2% 4.7% 4.3% 4.9% 4.6% 4.9% 4.6% 4.3% 4.3% 4.1% 3.8% 3.3% 3.1%
Earning per share 8.5 1.3 2.5 5.6 2.8 2.8 9.9 2.2 1.4 1.3 6.2 20.3 15.1 11.9 9.0
DPS 0 0 3 2 0 0
Dividend Payout 0.0% 0.0% 13.3% 13.9% 0.0% 0.0%
RBL Bank- Quarterly Financials
Ratios
NII/Core Interest Income 46.1% 47.1% 45.9% 45.8% 44.9% 46.6% 42.6% 46.2% 42.8% 40.9% 40.4% 40.3% 39.2% 32.9% 29.9%
Cost to Income Ratio 47.1% 45.0% 45.9% 49.0% 48.2% 49.8% 50.3% 49.7% 48.1% 51.5% 52.3% 51.3% 53.0% 53.4% 58.6%
Other Income/Opex 74.7% 95.9% 84.9% 58.3% 68.2% 48.7% 68.5% 66.1% 71.9% 65.5% 70.8% 70.6% 71.1% 71.5% 63.9%
Provisioning/Pbtp 77.7% 87.4% 75.8% 72.8% 73.0% 72.5% 72.6% 80.3% 87.2% 83.9% 34.5% 33.0% 27.4% 26.0% 21.1%
OPM@ 12.6% 9.8% 11.4% 14.4% 12.7% 15.9% 9.9% 12.0% 11.4% 9.1% 6.8% 7.9% 5.8% 4.4% 1.9%
PBT/NII 18.2% 12.2% 21.5% 19.4% 20.8% 18.2% 20.7% 14.8% 10.2% 11.8% 49.6% 51.2% 54.7% 55.8% 52.2%
Other Income/Total Income 20.0% 26.4% 22.7% 15.5% 18.0% 13.0% 18.3% 18.5% 18.4% 17.2% 19.2% 18.6% 19.2% 16.9% 15.2%
Book value per share 211.7 211.7 210.3 213.4 213.4 210.8 208.0 208.0 209.4 182.8 182.7 176.9 159.2 115.5 92.0
Adj Book Value 191.0 191.0 203.6 198.2 198.2 202.4 184.6 184.6 185.0 161.6 194.3 168.1
Gross NPAs 2,602 2,602 1,050 1,912 1,912 1,992 2,137 2,137 2,010 1,539 789 755 567 357 208
Net NPAs 1,241 1,241 402 776 776 933 1,189 1,189 1,236 912 372 373 313 190 124
Slippages 1,589 1,439 0 150 145 5 3,359 709 1,048 1,377 225 707 501 533 200
% of Gross NPAs 4.3% 4.3% 1.8% 3.3% 3.3% 3.5% 3.6% 3.6% 3.3% 2.6% 1.4% 1.4% 1.4% 1.2% 1.0%
% of Net NPAs 2.1% 2.1% 0.7% 1.4% 1.4% 1.7% 2.1% 2.1% 2.1% 1.6% 0.7% 0.7% 0.8% 0.6% 0.6%
Slippage Ratio (annulised) 2.7% 9.9% 0.0% 0.5% 1.0% 0.0% 6.2% 5.2% 8.4% 12.0% 2.1% 1.8% 1.7% 2.5% 1.4%
Return on Assets 0.5% 0.3% 0.6% 0.6% 0.6% 0.6% 0.6% 0.5% 0.3% 0.3% 1.3% 1.3% 1.2% 1.1% 1.0%
Coverage ratio 52.3% 52.3% 61.7% 59.4% 59.4% 53.2% 44.3% 44.3% 38.5% 40.7% 52.9% 50.6% 44.8% 46.8% 40.2%
(A) Business 1,31,744 1,31,744 1,23,628 1,20,668 1,20,668 1,18,419 1,15,831 1,15,831 1,22,542 1,21,305 1,17,648 1,12,703 84,170 64,037 45,578
Advances 58,623 58,623 56,444 56,162 56,162 56,683 58,019 58,019 59,635 58,476 56,837 54,308 40,268 29,449 21,229
-- advances growth 1.0% 1.0% -5.4% -4.0% -4.0% -0.3% 6.8% 6.8% 19.5% 27.5% 34.7% 34.9% 36.7% 38.7%
Deposits 73,121 73,121 67,184 64,506 64,506 61,736 57,812 57,812 62,907 62,829 60,811 58,394 43,902 34,588 24,349
-- deposit growth 26.5% 26.5% 6.8% 2.7% 2.7% 1.5% -1.0% -1.0% 20.5% 31.5% 35.3% 33.0% 26.9% 42.1%
--Savings deposits 13,527 13,527 12,160 12,708 12,708 11,915 9,597 9,597 10,317 10,115 10,034 8,234 5,339 3,839 1,758
41.0% 41.0% 17.9% 25.6% 25.6% 18.7% 16.6% 16.6% 58.2% 68.0% 73.0% 54.2% 39.1%
--Current deposits 9,725 9,725 8,667 7,354 7,354 6,667 7,516 7,516 6,542 6,534 5,655 6,365 5,339 3,764 2,780
29.4% 29.4% 32.5% 12.5% 12.5% 17.9% 18.1% 18.1% 3.9% 14.8% 9.3% 19.2% 41.8%
Casa 23,264 23,264 20,867 20,061 20,061 18,583 17,116 17,116 16,855 16,650 15,689 14,599 10,678 7,603 4,538
-- % of total Deposits 31.8% 31.8% 31.1% 31.1% 31.1% 30.1% 29.6% 29.6% 26.8% 26.5% 25.8% 25.0% 24.3% 22.0%
Others 0.4% 0.6% 0.5% 0.4% 0.4% 0.3% 0.5% 0.2% 0.3% 0.5% 1.1% 0.7% 0.2% 0.2% 0.2%
other income 25.1% 35.8% 29.3% 18.3% 22.0% 14.9% 22.4% 22.7% 22.6% 20.8% 23.8% 22.9% 23.7% 20.3% 17.9%
Wages 10.3% 10.8% 10.6% 9.9% 10.4% 9.5% 9.0% 9.1% 8.7% 9.2% 9.1% 10.1% 12.2% 12.0% 13.5%
Provisions and contingencies 29.2% 39.9% 30.8% 23.8% 25.3% 22.4% 23.5% 27.8% 29.6% 25.1% 10.5% 10.2% 8.1% 5.7% 4.2%
PBT 8.4% 5.7% 9.9% 8.9% 9.3% 8.5% 8.8% 6.8% 4.4% 4.8% 20.1% 20.6% 21.4% 18.4% 15.6%
Income Tax 2.2% 1.8% 2.4% 2.3% 2.4% 2.2% 2.9% 1.6% 1.1% 2.3% 6.9% 6.9% 7.4% 6.3% 4.9%
PAT 6.2% 3.9% 7.4% 6.6% 6.9% 6.3% 5.9% 5.2% 3.2% 2.6% 13.2% 13.8% 14.1% 12.0% 10.7%

RBL Bank INDUS EQUITY ADVISORS

800 46.9 50.0 250 233 35.0 80.0
42.1 67.5
700 36.7 30.0 70.0
34.9 40.0
42.4 200 171
600 38.7 60.0
26.5 30.0 25.0
500 33.0 146
150 50.0
20.0 40.4
400 26.9 20.0 107 36.7 35.9
43.7 40.0
135
300 6.8 100 15.0
10.0 76 30.0
96
200 45 10.0 17.2
82
1.0 20.0
-1.0 - 50
212
243
294
346
403
439
543
584
580
578
586
731
100
53
5.0
18.6
22.0
24.3
25.0
29.6
31.8
10.0
18
28
38
53
64
75
97
38
- -10.0 INR Bn
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % - - -
Loans Deposits

30 5.0 80.0 4.7
4.3 72.2 4.09
4.5 70.0 65.3 4.2
25 64.0
4.0 59.6 57.6 3.50
3.6 60.0 55.9 3.7
3.5 50.6 52.3
20 46.8 3.2
3.0 50.0 44.8 44.3
40.2 2.7
15 2.1 2.1 2.5 40.0
2.2
2.0 30.0
10 1.4 1.4 1.7
1.2 1.5
1.0 20.0 0.95
0.6 0.8 0.7 1.2 0.82 0.82
0.6 1.0
5 0.46
0.5 10.0 0.7
12
12
26
21
1
4
2
8
4
- - - 0.2
%
RBL Bank INDUS EQUITY ADVISORS
10.0 3.25 3.26 3.5 5.0 70.0 20.0
9.0 58.6 18.0
2.73 3.0 4.5
8.0 53.4 53.0 60.0
2.41 16.0
51.3 50.3
16.6
7.0 2.10 2.5 4.0 47.1 14.0
15.3
50.0
6.0
13.6
1.64 2.0 3.5 12.0
12.1
5.0 40.0 10.0
11.4
11.1
4.0 1.5
3.0 8.0
3.0 1.0 30.0
2.5 6.0
2.0
0.5 4.0
1.0 2.0 20.0
12.9
12.9
15.3
13.5
16.5
17.5
2.9 4.5 6.4 8.7 5.1 5.1 2.0
- - 3.1 3.3 3.8 4.1 4.6 4.5
FY16 FY17 FY18 FY19 FY20 FY21 1.5 10.0 -

500 22.3 25.0 14.0 1.26 1.4 6.00
21.3
450 19.1 1.19
20.0 12.0 1.2 5.00
400
15.0 10.0 0.91 1.0 4.00
350 10.9 11.1
300 7.7 10.0 8.0 0.8 3.00
250 0.62
0.54
200 5.0 6.0 0.6 2.00
239
197
150 - 4.0 0.4 1.00

0.25
100
-5.0 2.0 0.2 -
362
375
265
388
324
386
389
429
412
341
50 11.4 11.7 11.0 12.2 5.6 4.4
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
- -10.0 - -
South Indian Bank - Quarterly Financials
Income Statement
Fund based income

Others 181 40 44 97 56 41 174 48 45 41 39 158 135 142 121 0
--growth y-o-y -5.9% -12.3% -7.9% -1.6% -2.8% -0.4% 12.9% 8.8% 13.4% 15.2% 14.6% 11.0% 5.9% 5.2% 5.1% 5.4%
--growth q-o-q - -5.8% -4.6% - 0.6% -3.1% - -1.0% 0.7% 3.1% 5.8% - - - - -
Other Income 1,185 390 270 525 240 285 1,046 394 220 249 182 726 837 716 517 497
Total Income 8,491 2,098 2,082 4,311 2,139 2,172 8,810 2,342 2,188 2,203 2,077 7,603 7,030 6,563 6,075 5,783
--growth y-o-y -10.1% -15.1% -11.0% -7.1% -9.8% -4.4% 12.1% 4.7% 12.3% 15.1% 17.2% 14.9% 1.3% 3.1% 3.3% 8.6%
--growth q-o-q - -5.6% -1.6% - -4.9% -3.8% - -1.0% -0.3% 0.8% 5.2% - - - - -
Net Interest Income 2,407 561 596 1,250 663 587 2,318 596 602 584 536 2,020 1,966 1,675 1,510 1,366
--growth y-o-y 3.9% -5.9% -0.9% 11.6% 13.5% 9.6% 14.7% 19.3% 15.8% 15.4% 8.4% 2.8% 17.3% 11.0% 10.5% -2.9%
--growth q-o-q - -6.0% -10.1% - 13.0% -1.5% - -1.0% 3.0% 9.1% 7.3% - - - - -
Opearating Expenses
Employee Cost 1,228 314 328 586 306 280 941 245 240 233 224 821 713 677 692 634
Total Operating Expenses 1,974 528 489 957 489 468 1,718 457 439 422 400 1,507 1,322 1,176 1,148 1,047
Profit before Tax and Provisions (Pbtp) 1,618 423 377 818 414 404 1,646 533 383 411 318 1,239 1,481 1,215 879 816
--growth y-o-y -1.7% -20.7% -1.5% 12.1% 0.6% 27.1% 32.8% 62.9% 15.4% 32.8% 17.8% -16.3% 21.9% 38.1% 7.7% -7.7%
--growth q-o-q - 12.0% -8.8% - 2.5% -24.3% - 39.2% -6.9% 29.5% -3.0% - - - - -

Exceptional items 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -43
Others 1,531 412 499 619 326 293 1,496 724 261 306 205 858 981 614 370 414
Total 1,531 412 499 619 326 293 1,496 724 261 306 205 858 981 614 370 371
Profit Before tax 87 11 -122 198 88 111 150 -190 122 105 113 381 500 600 510 446
Income Tax 25 4 -30 51 22 29 45 -47 32 21 39 133 165 208 176 138

Net Profit 62 7 -92 147 65 82 105 -144 91 84 73 248 335 393 333 307
--growth y-o-y -40.8% -104.7% -201.2% -7.0% -23.0% 11.5% -57.7% -303.8% 8.0% 20.5% 218.0% -26.1% -14.7% 17.8% 8.5% -39.5%
Face Value 1 1 1 1 1 1 1 1
Reserves 5,281 4,973 4,916 4,820 4,497 3,573 3,316
Capital Adequacy Ratio 15.4% 15.4% 14.5% 13.9% 13.9% 13.5% 13.4% 13.4% 12.0% 12.1% 12.2% 12.6% 12.4% 12.4% 11.8% 12.1%
Earning per share 0.3 0.0 -0.5 0.8 0.4 0.5 0.6 -0.8 0.5 0.5 0.4 1.4 1.9 2.2 2.5 2.3
DPS 0.0 0.0 0.3 0.4 0.4 0.5 0.6
Dividend Payout 0% 0% 18% 22% 18% 20% 26%
South Indian Bank - Quarterly Financials
Ratios
OPM@ 5.9% 1.9% 5.9% 7.7% 9.2% 6.3% 7.7% 7.1% 8.3% 8.3% 7.2% 7.5% 10.4% 8.5% 6.5% 6.0%
PBT/NII 3.6% 1.9% -20.5% 15.9% 13.2% 18.8% 6.5% -32.0% 20.3% 18.0% 21.0% 18.8% 25.4% 35.8% 33.8% 32.6%
Adj Book Value 13.2 13.2 21.6 20.1 20.1 17.9 16.6 16.6 17.3 16.9 16.8 16.2 19.9 22.2 18.8 23.1
Gross NPAs 4,143 4,143 3,103 3,182 3,182 3,245 3,262 3,262 3,244 3,145 3,154 3,132 1,980 1,149 1,562 643
Net NPAs 2,735 2,735 1,305 1,655 1,655 1,993 2,151 2,151 2,212 2,193 2,135 2,164 1,416 675 1,185 357
% of Gross NPAs 7.0% 7.0% 4.9% 4.9% 4.9% 4.9% 5.0% 5.0% 5.0% 4.9% 5.0% 4.9% 3.6% 2.5% 3.8% 1.7%
% of Net NPAs 4.7% 4.7% 2.1% 2.6% 2.6% 3.1% 3.3% 3.3% 3.4% 3.5% 3.4% 3.5% 2.6% 1.5% 2.9% 1.0%
Return on Assets 0.1% 0.0% -0.4% 0.6% 0.3% 0.3% 0.1% -0.6% 0.4% 0.4% 0.3% 1.4% 1.7% 1.5% 1.6% 1.2%
RoAE 1.2% 2.0% 4.9% 6.9% 9.4% 9.3% 9.2%
Restructured Book 1,277 1,277 1,205 1,104 1,104 1,065 848 848 742 516 292 214 297 571 1,392 2,068
Coverage ratio 34.0% 34.0% 57.9% 48.0% 48.0% 38.6% 34.1% 34.1% 31.8% 30.3% 32.3% 30.9% 28.5% 41.3% 24.1% 44.5%
Business 1,40,767 1,40,767 1,45,139 1,46,489 1,46,489 1,47,035 1,47,473 1,47,473 1,44,753 1,45,940 1,44,356 1,43,114 1,26,592 1,12,507 96,806 89,304
Advances 58,056 58,056 61,602 63,869 63,869 64,566 64,439 64,439 64,302 62,993 62,633 62,694 54,563 46,389 41,086 37,392
-- advances growth -9.9% -9.9% -4.2% 1.4% 1.4% 3.1% 2.8% 2.8% 7.1% 9.7% 13.0% 14.9% 17.6% 12.9% 9.9% 3.2%
Deposits 82,711 82,711 83,537 82,621 82,621 82,469 83,034 83,034 80,451 82,947 81,723 80,420 72,030 66,117 55,721 51,913
-- deposit growth -0.4% -0.4% 3.8% -0.4% -0.4% 0.9% 3.3% 3.3% 3.6% 10.7% 12.7% 11.6% 8.9% 18.7% 7.3% 9.3%
15.5% 15.5% 11.6% 11.3% 11.3% 12.7% 8.8% 8.8% 13.6% 11.2% 8.9% 14.6% 8.4% 24.0% 18.1% 11.7%
34.7% 34.7% -3.0% 12.0% 12.0% 11.6% -3.7% -3.7% 12.0% 16.8% 17.1% 9.0% 11.1% 38.8% 9.1% -3.7%
Casa 24,590 24,590 23,332 22,978 22,978 22,179 20,760 20,760 21,422 20,614 19,718 19,467 17,142 15,747 12,459 10,686

Others 2.5% 2.3% 2.4% 2.6% 3.0% 2.2% 2.2% 2.5% 2.3% 2.1% 2.1% 2.3% 2.2% 2.4% 2.2% 0.0%
other income 16.2% 22.9% 14.9% 13.9% 12.6% 15.1% 13.5% 20.2% 11.2% 12.8% 9.6% 10.6% 13.5% 12.2% 9.3% 9.4%
Wages 16.8% 18.4% 18.1% 15.5% 16.1% 14.9% 12.1% 12.6% 12.2% 11.9% 11.8% 11.9% 11.5% 11.6% 12.5% 12.0%
PBT 1.2% 0.6% -6.7% 5.2% 4.6% 5.9% 1.9% -9.8% 6.2% 5.4% 5.9% 5.5% 8.1% 10.3% 9.2% 8.4%
Income Tax 0.3% 0.2% -1.7% 1.4% 1.2% 1.5% 0.6% -2.4% 1.6% 1.1% 2.1% 1.9% 2.7% 3.6% 3.2% 2.6%
PAT 0.8% 0.4% -5.1% 3.9% 3.4% 4.3% 1.3% -7.4% 4.6% 4.3% 3.9% 3.6% 5.4% 6.7% 6.0% 5.8%

South Indian Bank INDUS EQUITY ADVISORS

900 25.0 300 35.0 30.0
26.4
800 18.7 17.6 20.0 245.9
250 30.0 25.0
700 12.9 14.9 15.0 207.6
194.7
600 9.9 25.0 18.4
10.0 200 171.4 20.0
157.5 16.6
203
500 8.9 11.6
20.0
3.3 5.0 13.6
176
7.3 150 124.6 15.0
400
161
2.8 -0.4 - 15.0
141
300 8.9
130
100 10.0
-5.0 10.0 6.6
105
200
43
-9.9
33
32
31
28
50
20
-10.0 5.0
411
557
464
661
546
627
804
644
830
581
827
720
100 5.0
22.4
23.8
23.8
24.2
25.0
29.7
- -15.0 INR Bn
INR Bn - - -
FY16 FY17 FY18 FY19 FY20 FY21 %
Loans Deposits

45.0 8.0 70.0 3.0
7.0 2.64
40.0 58.73
7.0 60.0 55.1 54.2 2.5
35.0 6.0
4.9 50.0
30.0 5.0 4.7 42.5 2.0
5.0 40.3 41.3 41.2
40.0 1.57
25.0 3.8 3.6 34.1 34.0 1.42 1.37
3.5 3.3 4.0 30.9 1.5
28.5 1.17
20.0 2.9 30.0 24.1 1.00
2.5 2.6
3.0
15.0 1.0
1.5 20.0
10.0 2.0
10.0 0.5
11.9
14.2
21.6
21.5
27.3
1.0
15.6
11.5
19.8
31.3
32.6
41.4
5.0
6.7
- - - -
%
South Indian Bank INDUS EQUITY ADVISORS
4.5 2.1 3.1 56.6 55.0 60.0 18.0
1.89 54.9
4.0 1.77 1.9 51.1 55.0 16.0
1.74 1.69 2.9 49.2
47.2
3.5 50.0 14.0
1.7 2.7
3.0 1.44 1.42 45.0
1.5 12.0
12.8
2.5 40.0
2.5 10.0
10.9
1.3
10.8
10.4
2.3 35.0
10.0
9.8
2.0 8.0
1.1 2.1 30.0
1.5
6.0
0.9 25.0
1.0 1.9
20.0 4.0
0.5 0.7
11.8
12.4
12.4
12.6
13.4
15.4
3.3 3.9 3.3 2.5 1.0 0.6 1.7 15.0 2.0
- 0.5 2.8 2.7 2.8 2.6 2.7 2.7
1.5 10.0 -

1,600 2.5 1.40
10.0 0.7
1,400 9.0 1.20
1.9 1.9 0.6
2.0 8.0
1,200 1.00
7.0 0.57 0.5
1.5 0.55
1,000 0.80
1.5 6.0 0.4
800 1.0 5.0 0.43 0.60
834
850
1.0 4.0 0.3

600 0.40
0.6 3.0 0.28
400 0.5 0.2 0.20
0.11
0.5 2.0
1,287
1,320
1,382
1,406
1,424
1,315
200 0.06 0.1 -

854
870
875
884
1.0
May-16
May-17
May-19
May-20
May-21
May-15
May-18
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
Sep-15
9.31 9.36 6.92 4.90 2.04 1.19
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
- - - -
State Bank Of India - Quarterly Financials
Income Statement
Fund based income
Interest / Discount on advances 1,71,429 40,214 43,737 87,479 43,378 44,101 1,79,749 42,580 48,063 45,242 43,863 1,61,640 1,41,363 1,19,510 1,15,666 1,12,344
Interest on bal with RBI and other banks 4,318 1,366 648 2,303 509 1,794 2,920 949 736 845 390 1,179 2,250 1,753 621 505
Others 9,596 3,145 1,877 4,573 2,674 1,899 6,450 1,836 1,660 1,524 1,429 5,643 6,549 5,762 5,094 2,460
Total Fund based income 2,65,151 65,102 66,735 1,33,315 66,814 66,500 2,57,324 62,682 67,692 64,312 62,638 2,42,869 2,20,499 1,75,231 1,63,685 1,52,397
--growth y-o-y 3.0% 3.9% -1.4% 5.0% 3.9% 6.2% 6.0% -0.5% 8.7% 9.4% 6.5% 10.1% 25.8% 7.1% 7.4% 11.8%
--growth q-o-q - -2.4% -0.1% - 0.5% 6.1% - -7.4% 5.3% 2.7% -0.6% - - - - -
Other Income 41,957 16,225 9,246 16,485 8,528 7,957 39,006 13,346 9,106 8,538 8,015 35,214 39,165 35,749 28,158 22,576
Total Income 3,07,107 81,327 75,981 1,49,800 75,342 74,458 2,96,330 76,028 76,798 72,851 70,653 2,78,083 2,59,664 2,10,979 1,91,844 1,74,973
Total Interest Expense 1,54,441 38,035 37,915 78,491 38,633 39,859 1,59,239 39,914 39,913 39,712 39,699 1,54,520 1,45,646 1,13,659 1,06,803 97,382
--growth y-o-y -3.0% -4.7% -5.0% -1.2% -2.7% 0.4% 3.1% -0.3% 0.8% 4.8% 7.3% 6.1% 28.1% 6.4% 9.7% 11.9%
--growth q-o-q - 0.3% -1.9% - -3.1% -0.1% - 0.0% 0.5% 0.0% -0.8% - - - - -
Net Interest Income 1,10,710 27,067 28,820 54,823 28,182 26,642 98,085 22,767 27,779 24,600 22,939 88,349 74,854 61,572 56,882 55,015
--growth y-o-y 12.9% 18.9% 3.7% 15.3% 14.6% 16.1% 11.0% -0.8% 22.4% 17.7% 5.2% 18.0% 21.6% 8.2% 3.4% 11.6%
--growth q-o-q - -6.1% 2.3% - 5.8% 17.0% - -18.0% 12.9% 7.2% -0.1% - - - - -
Opearating Expenses
Wages 50,936 13,383 13,118 24,435 12,570 11,865 45,715 12,039 11,456 11,303 10,918 41,055 33,179 26,489 25,114 23,537
--growth y-o-y 13.1% 25.2% -4.9% 18.0% 11.9% 24.7% 14.9% -7.1% 44.3% 19.2% 10.6% -0.4% 6.3% 17.5% 11.2% 21.2%
--growth q-o-q - 13.7% 5.3% - -0.4% 5.0% - -13.7% 23.8% 11.1% -21.8% - - - - -

Provision for NPA 27,244 9,914 2,290 15,040 5,619 9,420 42,776 11,894 8,193 11,041 11,648 54,529 74,696 32,247 26,984 17,284
Others 16,769 1,137 8,052 7,580 4,499 3,081 294 1,601 -940 2,098 -2,466 -701 343 3,746 2,500 2,315
Total 44,013 11,051 10,342 22,620 10,118 12,501 43,070 13,495 7,253 13,139 9,183 53,829 75,039 35,993 29,484 19,600
Execptional iten 1,540 0 0 1,540 0 1,540 6,216 2,731 0 3,484 1,561 5,436
Profit Before tax 27,541 8,649 6,991 11,901 6,341 5,560 25,063 4,970 10,970 5,060 4,063 1,607 -15,528 14,855 13,774 19,314
Income Tax 7,131 2,198 1,795 3,138 1,767 1,370 10,575 1,389 5,386 2,048 1,751 745 -8,981 4,371 3,823 6,212
Share of Minority Interest
Net Profit 20,410 6,451 5,196 8,764 4,574 4,189 14,488 3,581 5,583 3,012 2,312 862 -6,547 10,484 9,951 13,102
--growth y-o-y 40.9% 80.1% -6.9% 64.6% 51.9% 81.2% 1580.3% 327.1% 41.2% 218.7% -147.4% -113.2% -162.4% 5.4% -24.0% 20.3%
--growth q-o-q - 24.1% - - 9.2% 17.0% - -35.9% - 30.3% 175.8% - - - - -
Reserves 2,29,405 2,07,352 1,95,367 1,93,388 1,55,903 1,43,498 1,27,692
Govt Holding 56.9% 56.9% 56.9% 56.9% 56.9% 56.9% 56.9% 56.9% 56.9% 57.1% 57.1% 57.1% 58.0% 61.2% 60.2% 58.6%
Earning per share 22.9 7.2 5.8 9.8 5.1 4.7 16.2 4.0 6.3 3.4 2.6 1.0 -7.3 13.1 12.8 17.5
DPS 4.0 0.0 0.0 0.0 2.6 2.6 3.5
Dividend Payout 17.5% 0.0% 0.0% 0.0% 19.8% 20.3% 19.9%
State Bank Of India - Quarterly Financials
Ratios
OPM@ 10.6% 5.3% 12.1% 12.4% 11.9% 12.9% 8.9% 3.8% 13.5% 9.6% 8.4% 7.7% 6.8% 8.6% 9.2% 10.7%
Adj Book Value 216.8 216.8 202.3 202.3 202.3 190.2 175.2 175.2 158.7 158.7 149.0 146.4 93.5 123.4 114.0 135.1
Gross NPAs 1,26,389 1,26,389 1,17,244 1,25,863 1,25,863 1,29,661 1,49,092 1,49,092 1,59,661 1,61,636 1,68,494 1,68,494 2,23,427 1,12,343 98,173 56,725
Net NPAs 36,810 36,810 29,032 36,451 36,451 42,704 51,871 51,871 58,248 59,939 65,624 65,624 1,10,855 58,277 55,807 27,591
% of Gross NPAs 5.0% 5.0% 4.8% 5.3% 5.3% 5.4% 6.2% 6.2% 6.9% 7.2% 7.5% 7.5% 10.9% 6.9% 6.5% 4.3%
% of Net NPAs 1.5% 1.5% 1.2% 1.6% 1.6% 1.9% 2.2% 2.2% 2.7% 2.8% 3.1% 3.1% 5.7% 3.7% 3.8% 2.1%
Return on Assets 0.6% 0.6% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.6% 0.3% 0.3% 0.3% -0.9% 0.4% 0.2% 0.8%
RoAE 9.3% 7.2% 0.4% -3.7% 7.0% 7.3% 10.6%
Coverage Ratio 70.9% 70.9% 75.2% 71.0% 71.0% 67.1% 65.2% 65.2% 63.5% 62.9% 61.1% 61.1% 50.4% 48.1% 43.2% 51.4%
Business 61,30,775 61,30,775 59,03,893 57,64,363 57,64,363 57,17,709 55,66,910 55,66,910 53,11,146 51,79,556 50,83,595 50,97,263 46,41,223 36,15,830 31,94,422 28,76,820
Advances 24,49,498 24,49,498 23,68,139 22,93,901 22,93,901 22,98,346 23,25,290 23,25,290 21,99,917 21,46,160 21,34,774 21,85,877 19,34,880 15,71,078 14,63,700 13,00,026
-- advances growth 5.3% 5.3% 7.6% 6.9% 6.9% 7.7% 6.4% 1.4% 7.4% 9.6% 13.8% 13.0% 23.2% 7.3% 12.6% 7.5%
--Retail Advances 8,70,711 8,70,711 7,85,345 7,85,345 7,85,345 7,48,800 7,47,589 7,47,589 7,19,766 6,85,570 6,63,559 6,47,844 5,46,594 3,96,239 3,27,075 2,72,429
Deposits 36,81,277 36,81,277 35,35,753 34,70,462 34,70,462 34,19,363 32,41,621 32,41,621 31,11,229 30,33,396 29,48,821 29,11,386 27,06,343 20,44,751 17,30,722 15,76,793
-- deposit growth 13.6% 13.6% 13.6% 14.4% 14.4% 16.0% 11.3% 11.3% 9.9% 8.0% 7.3% 7.6% 32.4% 18.1% 9.8% 13.1%
14.8% 14.8% 16.0% 16.3% 16.3% 17.3% 10.0% 10.0% 8.2% 7.4% 7.1% 8.6% 34.5% 27.8% 13.2% 9.5%
--Current deposits 2,76,892 2,76,892 2,10,563 2,12,057 2,12,057 2,04,334 2,17,415 2,17,415 1,89,129 1,95,349 1,80,864 2,02,134 1,87,907 1,47,123 1,35,768 1,23,855
27.4% 27.4% 11.3% 8.6% 8.6% 13.0% 7.6% 7.6% 9.3% 12.2% 8.9% 7.6% 27.7% 8.4% 9.6% 11.6%
Casa 16,46,974 16,46,974 15,46,424 15,27,007 15,27,007 14,98,718 14,10,981 14,10,981 13,40,830 13,26,171 12,84,401 12,87,285 11,87,294 8,90,409 7,17,332 6,37,760

Fund Based Income
Others 3.6% 4.8% 2.8% 3.4% 4.0% 2.9% 2.5% 2.9% 2.5% 2.4% 2.3% 2.3% 3.0% 3.3% 3.1% 1.6%
Other Income 15.8% 24.9% 13.9% 12.4% 12.8% 12.0% 15.2% 21.3% 13.5% 13.3% 12.8% 14.5% 17.8% 20.4% 17.2% 14.8%
Wages 19.2% 20.6% 19.7% 18.3% 18.8% 17.8% 17.8% 19.2% 16.9% 17.6% 17.4% 16.9% 15.0% 15.1% 15.3% 15.4%
PBT 10.4% 13.3% 10.5% 8.9% 9.5% 8.4% 9.7% 7.9% 16.2% 7.9% 6.5% 0.7% -7.0% 8.5% 8.4% 12.7%
Income Tax 2.7% 3.4% 2.7% 2.4% 2.6% 2.1% 4.1% 2.2% 8.0% 3.2% 2.8% 0.3% -4.1% 2.5% 2.3% 4.1%
PAT 7.7% 9.9% 7.8% 6.6% 6.8% 6.3% 5.6% 5.7% 8.2% 4.7% 3.7% 0.4% -3.0% 6.0% 6.1% 8.6%

State Bank of India INDUS EQUITY ADVISORS

40,000 18.0 18,000 16,470 46.0 35.0
16.0 16,000 45.0 28.7
35,000 14,110 30.0
15.4 13.0 13.6 12,976 44.0
30,000 14.0 14,000 12,039
11.3 11,074 43.0 25.0
13,701
12.0 12,000
25,000 42.0
9.8 10.5
11,936
10.0 10,000 8,608 41.0 16.7 20.0
24,495
10,918
20,000
23,253
10,138
21,859 8.0 8,000 40.0
9,264
15.0
19,349
6.4
18,690
18,493
15,000 4.7 7.6 5.3 6.0 39.0

6,000 8.7
2,769
7,038
8.7 7.8
2,174
2,059
6.9 10.0
1,902
1,810
38.0
1,569
10,000 4.0 4,000
3.5
27,063
36,813
22,405
25,853
29,114
32,416 37.0
5.0
38.4
42.8
44.5
44.2
43.5
44.7
5,000 2.0 2,000 36.0
- 1.1 - - 35.0 -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
INR Bn
Loans Deposits
2,500 10.9 12.0 100.0 4.00 3.75
87.8
90.0 83.6 3.50
9.1 10.0 78.7 2.98
2,000 80.0 70.9 3.00 2.65
7.5 70.0 66.2 65.2
8.0 60.7 61.5 61.9
1,500 6.2 2.50
6.2 60.0 52.8 2.00
5.7 50.4 1.90
5.2 5.0 6.0 50.0 45.5 2.00
1,000 40.0 1.50 1.14
3.0 3.1 4.0
30.0
2.2 1.00
500 1.5 20.0
1,109
2.0
1,182
1,779
2,234
1,728
1,491
1,264
0.50
558
659
519
368
970
10.0
- - - -
%
PPOP to Assets Margin NIMs and Cost to Income Ratio (%) Capital Ratios
230.0 2.0 204.1 2.1 3.5 56.40 58.0 16.0
1.9 54.83 56.0 14.0
180.0 3.0 54.14
1.9 144.9
1.7 52.57 54.0 12.0
115.9 1.8 2.5
130.0
1.6 1.7 1.5 52.0 10.0
1.6 2.0
10.0
9.8
9.8
49.13
9.7
9.6
9.4
80.0 1.3 50.0 8.0
1.5 47.75
1.1 48.0 6.0
30.0 8.6
0.9 1.0
-18.1 46.0 4.0
-20.0 0.5
0.7 44.0
13.1
13.1
12.6
12.7
13.1
13.7
-65.5 2.0
2.96 2.80 2.60 2.78 2.97 3.04
-70.0 0.5 - 42.0 -
PAT (INR Bn) PPOP Margin (%) (RHS) NIMs (%) Cost to Income (%) (RHS) CAR (%) CET 1 (%)

70,000 3.0 12.0 0.7 2.10
0.58
1.9 2.0 10.0 0.6 1.90
60,000 1.6 0.7
62,617
1.0 0.43 0.5

59,541
59,263
1.70
59,011
8.0
58,555
58,415
50,000 0.38
- 0.4
-0.7 -1.0 6.0 1.50
40,000 -1.8 0.3
-2.0 4.0 1.30
30,000 0.2
-3.0 2.0 1.10
0.02 0.1
20,000 -4.0 0.90
- -0.06 -
23,649
24,017
22,620
22,218
22,374
22,219
-5.0
10,000 -2.0 0.70
-5.8 -6.0 -0.19 -0.1
-4.0 -0.2 0.50
- -7.0
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
8.50 -1.20 -3.78 0.48 7.74 9.90
FY16 FY17 FY18 FY19 FY20 FY21 -6.0 -0.3
SBI Life Insurance SBI Mutual Fund

PAT (INR cr) 1,327 1,422 1,456 PAT (INRcr) 428 603 860
RoE (%) 18.81 17.43 15.21 RoE (%) 31.12 30.40 33.4
• Renewal Premium of 23% • Market Share of 15.7%

• Gross Written Premium increased by 24% • AUM at Rs.5 Lac Crores
• VoNB Margin: 20.4%
SBI General Insurance SBI Card

PAT (INR cr) 334 412 544 PAT (INR cr) 865 1,245 985
RoE (%) 20.10 20.40 22.0 RoE (%) 28.40 27.40 16.6
• Overall market share stands at 7.27% in FY21 • Market Share Total Spends : 19.5%
amongst Pvt. sector • Market Share Card base : 19.0%
• Growth in cards : 12% YoY
• Growth in Receivables : 4% YoY
UCO Bank - Quarterly Financials

Income Statement
Fund based income
Others 365 80 87 198 91 107 578 124 145 190 120 656 492 367 368 69
--growth y-o-y -4.5% -4.7% -4.5% -4.5% -5.0% -4.0% 5.6% -1.0% 13.0% 9.3% 2.3% 2.2% -14.1% -12.0% -4.1% 6.2%
--growth q-o-q - -1.0% -0.3% - -1.3% -2.1% - -0.8% -0.9% -0.3% 0.9% - - - - -
Other Income 3,720 1,370 864 1,485 712 774 2,871 769 743 729 630 1,513 1,121 2,114 1,596 2,004
Total Income 18,166 4,937 4,467 8,763 4,326 4,437 18,006 4,511 4,514 4,534 4,447 15,844 15,141 18,440 20,157 21,363
--growth y-o-y -10.7% -13.4% -13.4% -8.0% -12.5% -3.5% 0.2% -0.1% 0.9% 0.9% -0.9% -8.0% -12.9% -8.8% -0.6% 13.4%
--growth q-o-q - -1.9% -1.2% - -7.3% -3.7% - -1.8% -0.2% 2.3% -0.3% - - - - -
--growth y-o-y 7.6% 12.6% 13.8% 2.3% 10.0% -5.1% 18.1% -2.9% 49.6% 31.3% 8.7% 38.0% -18.1% -21.3% -12.8% -8.2%
--growth q-o-q - 0.4% 1.0% - 10.0% 1.0% - 1.4% -2.3% -5.2% 3.3% - - - - -
Opearating Expenses
Employee Cost 2,467 843 650 974 485 490 1,929 496 484 482 467 1,946 1,842 1,921 1,835 1,642
Other administrative Exps 1,312 408 287 617 290 327 1,198 311 285 306 296 1,118 1,070 1,085 1,006 1,014
--growth y-o-y 12.1% 26.0% 10.2% 6.0% 10.2% 1.8% 75.2% 76.2% 217.4% 138.5% 1.6% 106.9% -54.4% -18.8% -26.6% -0.6%
--growth q-o-q - 14.8% 0.3% - 8.7% 0.6% - 0.5% 0.3% 0.5% 74.0% - - - - -

Provision for NPA 2,760 770 393 1,597 1,032 565 6,144 1,089 1,646 2,034 1,375 7,451 5,761 4,766 6,383 3,328
Others 2,803 1,013 906 884 268 616 1,129 111 525 65 428 -359 0 0 0 0
Total 5,563 1,783 1,299 2,481 1,300 1,180 7,272 1,200 2,171 2,099 1,803 7,092 5,761 4,766 6,383 3,328
Profit Before tax -142 -251 35 73 30 43 -2,437 17 -960 -892 -601 -4,332 -4,427 -1,840 -2,779 1,582
Income Tax -309 -331 0 22 0 22 0 0 0 0 0 -11 9 11 20 444

effective tax rate 217.7% 131.9% 0.0% 29.4% 0.0% 50.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% -0.2% -0.6% -0.7% 28.1%
Net Profit 167 80 35 52 30 22 -2,437 17 -960 -892 -601 -4,321 -4,436 -1,851 -2,799 1,138
--growth y-o-y -106.9% 376.9% -103.7% -103.5% -103.4% -103.6% -43.6% -101.1% -3.9% -21.5% -5.1% -2.6% 139.7% -33.9% -346.0% -24.7%
--growth q-o-q - 125.8% 17.7% - 39.7% 28.4% - -101.7% 7.6% 48.3% -61.2% - - - - -
Reserves 7,397 6,943 6,248 6,021 5,165 7,719 8,146 10,864
Govt Holding 94.4% 94.4% 94.4% 94.4% 94.4% 94.4% 94.4% 94.4% 93.6% 92.5% 92.5% 93.3% 84.2% 76.7% 72.8% 72.8%
Earning per share 0.2 0.1 0.0 0.1 0.0 0.0 -2.5 0.0 -1.1 -1.2 -0.8 -8.0 -19.2 -11.9 -26.0 10.6
DPS 0.0 0.0 0.0 0.0 0.0 0.0 2.0
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 18.9%
UCO Bank - Quarterly Financials

Ratios
OPM@ 11.8% 4.5% 13.0% 14.7% 17.1% 12.3% 13.0% 12.0% 12.4% 12.6% 15.0% 8.7% 1.5% 5.0% 10.8% 15.0%
Adj Book Value 13.0 13.0 13.8 13.2 13.2 11.8 11.4 11.4 6.9 6.3 5.4 3.3 -28.6 -9.1 -20.7 52.1
Gross NPAs 11,352 11,352 11,440 13,366 13,366 16,576 19,282 19,282 22,140 25,665 29,432 29,888 30,550 22,541 20,908 10,265
Net NPAs 4,390 4,390 3,228 3,832 3,832 5,138 5,511 5,511 6,200 7,238 8,782 9,650 14,082 10,703 11,444 6,331
% of Gross NPAs 9.6% 9.6% 9.8% 11.6% 11.6% 14.4% 16.8% 16.8% 19.5% 21.9% 24.9% 25.0% 24.6% 17.1% 15.4% 6.8%
% of Net NPAs 3.9% 3.9% 3.0% 3.6% 3.6% 5.0% 5.5% 5.5% 6.3% 7.3% 9.0% 9.7% 13.1% 8.9% 9.1% 4.3%
Return on Assets 0.1% 0.1% 0.1% 0.1% 0.1% 0.0% -1.0% 0.0% -1.5% -1.4% -1.0% -1.8% -1.9% -0.8% -1.3% 0.5%
RoAE 1.0% - -17.2% -45.7% -53.0% -20.0% -26.5% 10.1%
Coverage Ratio 61.3% 61.3% 71.8% 71.3% 71.3% 69.0% 71.4% 71.4% 72.0% 71.8% 70.2% 67.7% 53.9% 52.5% 45.3% 38.3%
Business 3,17,274 3,17,274 3,10,872 3,03,179 3,03,179 2,98,888 2,94,378 2,94,378 2,86,241 2,88,429 2,90,108 2,97,221 2,89,319 3,21,009 3,33,024 3,61,688
Advances 1,11,355 1,11,355 1,08,450 1,05,482 1,05,482 1,03,769 1,01,174 1,01,174 97,804 98,844 97,744 99,314 1,07,470 1,19,724 1,25,905 1,47,351
-- advances growth 10.1% 10.1% 10.9% 6.7% 6.7% 6.2% 1.9% 1.9% -13.9% 0.0% -15.6% -7.6% -10.2% -4.9% -14.6% -3.8%
Deposits 2,05,919 2,05,919 2,02,421 1,97,696 1,97,696 1,95,120 1,93,203 1,93,203 1,88,437 1,89,585 1,92,364 1,97,907 1,81,849 2,01,285 2,07,118 2,14,337
-- deposit growth 6.6% 6.6% 7.4% 4.3% 4.3% 1.4% -2.4% -2.4% 5.9% 4.0% 7.9% 8.8% -9.7% -2.8% -3.4% 7.4%
11.2% 11.2% 11.3% 11.7% 11.7% 11.6% 7.2% 7.2% 7.6% 7.2% 8.6% 8.3% 6.4% 27.2% 11.6% 8.0%
-23.8% -23.8% -41.0% -43.3% -43.3% -48.5% -54.6% -54.6% 55.1% 51.2% 127.3% 185.3% -17.6% -43.5% -23.4% 3.1%
Casa 79,922 79,922 76,669 76,533 76,533 76,312 75,692 75,692 75,677 76,450 79,132 85,930 64,076 62,779 60,466 62,375

Others 2.5% 2.2% 2.4% 2.7% 2.5% 2.9% 3.8% 3.3% 3.8% 5.0% 3.1% 4.6% 3.5% 2.2% 2.0% 0.4%
other income 25.8% 38.4% 24.0% 20.4% 19.7% 21.1% 19.0% 20.5% 19.7% 19.2% 16.5% 10.6% 8.0% 13.0% 8.6% 10.3%
Wages 17.1% 23.6% 18.0% 13.4% 13.4% 13.4% 12.7% 13.2% 12.8% 12.7% 12.2% 13.6% 13.1% 11.8% 9.9% 8.5%
PBT -1.0% -7.0% 1.0% 1.0% 0.8% 1.2% -16.1% 0.4% -25.5% -23.4% -15.8% -30.2% -31.6% -11.3% -15.0% 8.2%
Income Tax -2.1% -9.3% 0.0% 0.3% 0.0% 0.6% 0.0% 0.0% 0.0% 0.0% 0.0% -0.1% 0.1% 0.1% 0.1% 2.3%
PAT 1.2% 2.2% 1.0% 0.7% 0.8% 0.6% -16.1% 0.4% -25.5% -23.4% -15.8% -30.2% -31.6% -11.3% -15.1% 5.9%

UCO Bank INDUS EQUITY ADVISORS

2,500 15.0 1,000 50.0 34.1 40.0
10.1 859
900 799 45.0
10.0 757 30.0
2,000 800 40.0
8.8 1.9 5.0 641
6.6 700 605 628 35.0
20.0
707
1,500 - 600 30.0
636
-3.4 -4.9 2.1 5.6
39.2
593
500 25.0 3.8 10.0
-7.6
547
1,000 -2.4 -5.0
515
-2.8 -10.2 400 20.0 -3.1
266
-10.0 -
404
15.0
200
-14.6 300 -11.9
500 -9.7
121
1,259
2,071
1,197
2,013
1,075
1,818
1,979
1,012
1,932
1,114
2,059
113
-15.0 200 10.0
-10.0
993
93
92
29.2
31.2
35.2
43.4
38.8
100 5.0
- -20.0
% - - -20.0
INR Bn FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

350 30.0 100.0 8.00
85.5 88.4
24.6 25.0 90.0 7.00
300 25.0 74.9 7.21
80.0 71.4
67.7 6.00
250 70.0 61.2 61.4 61.3 6.13
17.1 16.8 20.0 5.00
15.4 60.0 53.9 52.5 53.9
200 45.3 5.07
13.1 15.0 50.0 4.00 4.67
150 9.6 40.0 3.88
9.1 9.7 3.00
8.9 10.0 30.0
100 2.00
5.5 20.0 2.60
3.9
50 5.0 1.00
10.0
114
107
141
209
305
299
193
114
225
44
55
96
- - - -
%
UCO Bank INDUS EQUITY ADVISORS
10.0 2.22 2.5 2.9 80.0 16.0
2.07 68.6
2.7 70.0 14.0
-
2.0
12.0
1.47 2.5 52.6 60.0
-10.0 50.7
10.0
11.1
1.23 1.24 1.5
2.3 44.1 50.0
-20.0 39.3 41.1 8.0
9.0
8.6
8.2
1.0 2.1 40.0
7.6
7.6
-30.0 6.0
0.60
1.9 30.0 4.0
0.5
-40.0
10.5
10.9
10.7
11.7
13.7
10.9
1.7 20.0 2.0
-28.0 -18.5 -44.4 -43.2 -24.4 1.7
-50.0 - 2.4 2.0 1.8 2.5 2.7 2.7
1.5 10.0 -

3,500 2.50 5.0 0.5
0.06 1.05
1.89 -
3,000 2.00 - 0.95
-5.0
0.85
2,779
2,500 1.50
2769
-10.0
2,564
-0.75 -0.96 -0.5

0.75
2,358
-15.0
2,277
2,000 1.00
2,236
-20.0 -1.25 -1.0 0.65

1,500 0.88 0.50
0.13 0.00 0.03 -25.0 0.55
1,000 0.00 -1.84 -1.5
-30.0 -1.88 0.45
3,077
3,104
3,088
3,088
3,089
500 -0.50 -35.0 0.35

3108
-2.0
-40.0 0.25
- -0.64 -1.00 -26.5 -20.0 -39.9 -32.3 -15.8 1.0
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
-45.0 -2.5
Ujjivan SFB - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Q4' 19 9M' 19 Q3' 19
Income Statement
Fund based income
Interest / Discount on advances 2,600 564 638 1,398 701 698 2,552 698 666 620 567 940 503 437 437
Income on Investments 173 42 45 86 44 42 139 36 36 31 35 50 29 21 21
Others 0 0 0 0 0 0 5 0 1 2 3 5 1 4 4
Total Fund based income 2,806 618 688 1,500 754 746 2,704 737 706 654 605 998 535 462 462
Other Income 311 117 100 93 64 29 322 72 75 75 100 115 66 48 48

Total Income 3,117 735 789 1,593 818 775 3,026 810 781 729 706 1,112 602 511 511
Total Interest Expense 1,078 250 256 572 283 288 1,070 271 280 266 253 398 216 182 182
Net Interest Income 1,729 368 432 928 470 458 1,634 467 427 388 352 599 319 280 280
Opearating Expenses
Employee Cost 749 169 204 376 190 186 718 185 196 178 159 286 151 136 136
Other administrative Exps 481 157 125 199 113 86 600 163 161 144 132 271 151 120 120
Total Operating Expenses 1,230 327 329 574 302 272 1,319 348 357 322 291 557 301 256 256
Profit before Tax and Provisions (Pbtp) 809 159 204 447 232 215 637 191 144 141 161 157 84 73 73

Others 799 -25 583 241 101 140 171 97 31 25 19 19 12 7 7
Exceptional item
Total 799 -25 583 241 101 140 171 97 31 25 19 19 12 7 7
Profit Before tax 10 184 -380 206 132 74 466 94 113 117 142 137 72 66 66
Income Tax 2 47 -101 55 36 20 116 21 24 24 48 29 8 21 21

effective tax rate 18.6% 25.8% 26.6% 26.9% 27.1% 26.5% 25.0% 21.9% 21.0% 20.6% 33.7% 21.1% 11.8% 31.2% 31.2%
Net Profit 8 136 -279 151 96 55 350 73 90 93 94 108 63 45 45
Paid up Equity Share Capital 1,728 1,728 1,728 1,728 1,728 1,728 1,728 1,728 1,728 1,440 1,440 1,440 1,440 1,440 1,440
Reserves 1,247 1,238 180
Capital Adequacy Ratio (Basel II) 26.4% 26.4% 26.9% 31.0% 31.0% 28.7% 28.8% 28.8% 28.4% 18.8% 19.0% 19.0% 19.0% 22.2% 22.2%
Earning per share 0.0 0.8 -1.6 0.9 0.6 0.3 2.0 0.4 0.5 0.6 0.7 0.8 0.4 0.3 0.3
Ratio
NII/Core Interest Income 62% 60% 63% 62% 62% 61% 60% 63% 60% 59% 58% 60% 60% 61% 61%
Cost to Income Ratio 60% 67% 62% 56% 57% 56% 67% 65% 71% 69% 64% 78% 78% 78% 78%
Provisioning/Pbtp 99% -16% 286% 54% 43% 65% 27% 51% 21% 18% 12% 12% 15% 10% 10%
OPM@ 18% 7% 15% 24% 22% 25% 12% 16% 10% 10% 10% 4% 3% 5% 5%
Other Income/Total Income 10% 16% 13% 6% 8% 4% 11% 9% 10% 10% 14% 10% 11% 9% 9%
Book value per share 17.2 17.2 16.4 18.0 18.0 17.5 17.2 17.2 11.6 12.5 11.9 11.2 11.2 10.3 10.3
Adj Book Value 14.8 14.8 9.2 17.9 17.9 17.3 12.9 12.9 11.3 12.3 11.7 10.6 10.6 10.1 10.1
Ujjivan SFB - Quarterly Financials

( Figures in Rs. crore) Mar' 21 Q4' 21 Q3' 21 H1' 21 Q2' 21 Q1' 21 Mar' 20 Q4' 20 Q3' 20 Q2' 20 Q1' 20 Mar' 19 Q4' 19 9M' 19 Q3' 19
Gross NPAs 1,071 1,071 131 136 136 140 137 137 129 109 96 98 98 128 128
Net NPAs 425 425 6 19 19 25 27 27 51 43 29 28 28 24 24
% of Gross NPAs 7.1% 7.1% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 0.9% 0.8% 0.9% 0.9% 1.4% 1.4%
% of Net NPAs 2.9% 2.9% 0.1% 0.1% 0.1% 0.2% 0.2% 0.2% 0.4% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%
Return on Assets 0.0% 0.7% -1.5% 0.8% 0.5% 0.3% 2.2% 0.4% 0.5% 0.6% 0.7% 1.9% 0.5% 1.4% 0.4%
Coverage Ratio 60.3% 60.3% 95.1% 86.0% 86.0% 82.0% 80.0% 80.0% 60.2% 61.1% 69.6% 71.8% 71.8% 81.4% 81.4%
Business 28,276 28,276 25,255 24,633 24,633 25,538 24,934 24,934 24,273 22,993 19,806 18,002 18,002 14,724 14,724
Gross Advances 15,140 15,140 13,638 13,890 13,890 14,481 14,153 14,153 13,617 12,864 11,850 10,623 10,623 9,348 9,348
-- advances growth 7.0% 7.0% 0.2% 8.0% 8.0% 22.2% 33.2% 33.2% 45.7%
Deposits 13,136 13,136 11,617 10,743 10,743 11,057 10,780 10,780 10,656 10,129 7,956 7,379 7,379 5,376 5,376
-- deposit growth 21.8% 21.8% 9.0% 6.1% 6.1% 39.0% 46.1% 46.1% 98.2%
Casa 2,699 2,699 2,055 1,769 1,769 1,568 1,459 1,459 1,237 1,202 827 784 784 561 561
-- % of total Deposits 20.5% 20.5% 17.7% 16.5% 16.5% 14.2% 13.5% 13.5% 11.6% 11.9% 10.4% 10.6% 10.6% 10.4% 10.4%

Others 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.0% 0.1% 0.3% 0.4% 0.5% 0.2% 0.8% 0.8%
Other Income 11.1% 19.0% 14.6% 6.2% 8.5% 3.8% 11.9% 9.8% 10.6% 11.5% 16.5% 11.5% 12.4% 10.5% 10.5%
Wages 26.7% 27.4% 29.6% 25.0% 25.2% 24.9% 26.6% 25.1% 27.8% 27.2% 26.3% 28.7% 28.1% 29.3% 29.3%
Provisions and contingencies 28.5% -4.1% 84.8% 16.1% 13.3% 18.8% 6.3% 13.1% 4.3% 3.8% 3.1% 1.9% 2.3% 1.5% 1.5%
PBT 0.4% 29.8% -55.2% 13.7% 17.5% 10.0% 17.2% 12.7% 16.1% 17.8% 23.5% 13.8% 13.4% 14.2% 14.2%
Income Tax 0.1% 7.7% -14.7% 3.7% 4.7% 2.6% 4.3% 2.8% 3.4% 3.7% 7.9% 2.9% 1.6% 4.4% 4.4%
PAT 0.3% 22.1% -40.5% 10.0% 12.7% 7.3% 12.9% 9.9% 12.7% 14.2% 15.6% 10.9% 11.8% 9.8% 9.8%

Union Bank of India - Quarterly Financials
Income Statement
Fund based income
Interest on bal with RBI and other banks 2,113 520 416 1,177 549 628 1,200 326 293 261 320 1,201 1,139 881 687 190
Others 377 73 58 245 116 129 379 94 96 151 38 90 56 141 318 248
--growth y-o-y 84.7% 66.6% 77.4% 97.7% 88.8% 107.1% 9.3% 11.3% 13.6% 10.2% 2.3% 4.0% 0.3% 1.4% 0.4% 9.3%
--growth q-o-q - -9.4% -3.9% - -3.5% 98.4% - -3.5% 2.3% 5.8% 6.6% - - - - -
Other Income 11,337 4,551 3,016 3,770 2,308 1,462 5,261 2,018 1,110 1,143 990 4,474 4,990 4,965 3,632 3,523
Total Income 80,104 20,026 20,103 39,975 20,084 19,891 42,492 11,307 10,741 10,557 9,887 38,541 37,738 37,625 35,831 35,607
--growth y-o-y 70.9% 57.1% 61.6% 82.4% 76.5% 88.5% 8.1% 11.5% 8.6% 7.6% 5.0% 1.7% -1.3% -0.5% 1.0% 10.1%
--growth q-o-q - -4.1% -8.6% - -4.5% 87.6% - -1.3% -0.2% 2.0% 11.0% - - - - -
--growth y-o-y 115.9% 87.7% 110.2% 134.1% 116.6% 154.3% 12.0% 10.6% 25.7% 16.6% -4.1% 9.8% 4.5% 7.1% -1.5% 7.2%
--growth q-o-q - -18.0% 4.7% - -1.7% 122.5% - -8.2% 7.9% 15.4% -3.2% - - - - -
Opearating Expenses
Employee Cost 9,025 2,444 2,415 4,166 2,079 2,087 3,359 1,014 866 758 721 3,331 3,255 3,434 3,620 3,786
Other administrative Exps 7,741 2,330 1,879 3,532 1,787 1,745 4,158 1,230 978 1,050 900 4,017 3,500 3,004 2,603 2,358
--growth y-o-y 109.8% 95.3% 121.1% 112.5% 111.3% 113.9% 25.1% 53.3% 37.2% 26.5% -9.7% -2.6% 1.5% 29.9% -1.7% 11.6%
--growth q-o-q - -2.5% 12.2% - 17.4% 52.1% - 10.5% 7.2% 18.8% 9.0% - - - - -

Others 16,860 3,904 5,256 7,700 4,144 3,556 10,699 3,502 1,819 3,859 1,519 11,268 14,181 7,088 3,877 3,040
Total 16,860 3,904 5,256 7,700 4,144 3,556 10,699 3,502 1,819 3,859 1,519 11,268 14,181 7,088 3,877 3,040
exceptional items 0 0 0 0 0 0 2,510 2,510 0 0 0 0 0 0 79
Profit Before tax 2,399 1,276 55 1,069 591 478 -4,028 -3,359 582 -1,618 367 -3,927 -6,641 343 1,765 2,783
Income Tax -507 -54 -672 220 74 146 -1,130 -856 8 -425 143 -979 -1,394 -213 414 1,002
effective tax rate -21.1% -4.2% -1228.5% 20.6% 12.6% 30.4% 28.1% 25.5% 1.4% 26.2% 38.9% 24.9% 21.0% -62.1% 23.4% 36.0%
Net Profit 2,906 1,330 727 849 517 333 -2,898 -2,503 575 -1,194 224 -2,947 -5,247 555 1,352 1,782
--growth y-o-y -200.3% -153.1% 26.5% -187.6% -143.3% 48.3% -1.7% -25.7% 275.0% -958.5% 73.3% -43.8% -1045.1% -58.9% -24.1% 5.0%
--growth q-o-q - 83.0% 40.7% - 55.3% -113.3% - -535.7% -148.1% -631.8% -106.7% - - - - -
Paid up Equity Share Capital 6,407 6,407 6,407 6,407 6,407 6,407 3,423 3,423 3,423 1,763 1,763 1,763 1,169 687 687 636
Reserves 53,570 53,528 22,489 10,108 22,489 21,586 20,865 19,623 17,702
Govt Holding 12.6% 12.6% 89.1% 89.1% 89.1% 89.1% 86.8% 86.8% 86.8% 74.3% 74.3% 74.3% 67.4% 63.4% 63.4% 60.5%
Earning per share 4.5 2.1 1.1 1.3 0.8 0.5 -8.5 -7.3 1.7 -6.8 1.3 -16.7 -44.9 8.1 19.7 28.0
DPS 0.0 0.0 0.0 0.0 0.0 2.0 6.0
Dividend Payout 0% 0% 0% 0% 0% 10% 21%
Union Bank of India - Quarterly Financials
Ratios
OPM@ 11.5% 4.1% 13.4% 13.8% 13.7% 14.0% 10.5% 6.8% 13.4% 11.7% 10.1% 8.4% 7.8% 7.5% 6.5% 7.2%
Adj Book Value 51.0 51.0 17.8 9.1 9.1 48.9 25.2 25.2 41.2 14.1 18.4 22.2 -13.4 39.6 91.4 179.6
Gross NPAs 89,788 89,788 87,969 95,797 95,797 97,190 49,085 49,085 49,924 49,850 48,812 48,729 49,370 33,712 24,171 13,031
Net NPAs 27,281 27,281 19,063 23,894 23,894 28,914 17,303 17,303 21,510 20,791 21,231 20,332 24,326 18,832 14,026 6,919
% of Gross NPAs 13.7% 13.7% 13.5% 14.7% 14.7% 15.0% 14.2% 14.2% 14.9% 15.2% 15.2% 15.0% 15.7% 11.2% 8.7% 5.0%
% of Net NPAs 4.6% 4.6% 3.3% 4.1% 4.1% 5.0% 5.5% 5.5% 7.0% 7.0% 7.2% 6.9% 8.4% 6.6% 5.3% 2.7%
Return on Assets 0.3% 0.5% 0.3% 0.2% 0.2% 0.1% -0.5% -1.8% 0.4% -0.9% 0.2% -2.7% -2.1% 0.1% 0.1% 0.5%
RoAE 6.8% -11.6% -12.5% -23.7% 2.7% 7.0% 10.5%
Coverage ratio 69.6% 69.6% 78.3% 75.1% 75.1% 70.3% 64.7% 64.7% 56.9% 58.3% 56.5% 58.3% 50.7% 44.1% 42.0% 46.9%
Business 15,14,788 15,14,788 14,65,318 14,65,128 14,65,128 14,74,259 7,65,718 7,65,718 7,52,656 7,40,793 7,23,825 7,12,847 7,22,362 6,80,075 6,20,445 5,79,627
Advances 5,90,983 5,90,983 5,82,895 5,79,030 5,79,030 5,81,717 3,15,049 3,15,049 3,07,566 2,97,914 2,93,811 2,96,932 3,13,860 3,01,684 2,77,725 2,62,757
-- advances growth -1.5% -1.5% -0.2% 1.9% 1.9% 2.0% 6.1% 6.1% -3.1% -6.5% -7.8% -5.4% 4.0% 8.6% 5.7% 12.1%
Deposits 9,23,805 9,23,805 8,82,423 8,86,098 8,86,098 8,92,541 4,50,668 4,50,668 4,45,091 4,42,879 4,30,014 4,15,915 4,08,502 3,78,391 3,42,720 3,16,870
-- deposit growth 6.4% 6.4% 2.6% 4.0% 4.0% 7.3% 8.4% 8.4% 10.6% 11.0% 6.0% 1.8% 8.0% 10.4% 8.2% 6.4%
--Savings deposits 2,71,968 2,71,968 2,58,525 2,55,870 2,55,870 2,51,081 1,33,958 1,33,958 1,27,421 1,25,380 1,23,047 1,23,628 1,14,183 1,04,072 81,129 71,558
12.3% 12.3% 12.1% 13.1% 13.1% 12.7% 8.4% 8.4% 6.9% 5.9% 6.6% 8.3% 9.7% 28.3% 13.4% 9.9%
16.8% 16.8% 6.6% -7.9% -7.9% -2.8% -0.4% -0.4% 7.7% 9.2% 3.1% 5.8% -4.5% -11.8% 41.0% -7.1%
Casa 3,35,592 3,35,592 3,12,213 3,06,665 3,06,665 2,97,217 1,60,373 1,60,373 1,53,115 1,49,832 1,46,303 1,50,141 1,39,241 1,30,308 1,10,869 92,650

Fund Based Income
Others 0.5% 0.5% 0.3% 0.7% 0.7% 0.7% 1.0% 1.0% 1.0% 1.6% 0.4% 0.3% 0.2% 0.4% 1.0% 0.8%
Other Income 16.5% 29.4% 17.6% 10.4% 13.0% 7.9% 14.1% 21.7% 11.5% 12.1% 11.1% 13.1% 15.2% 15.2% 11.3% 11.0%
Wages 13.1% 15.8% 14.1% 11.5% 11.7% 11.3% 9.0% 10.9% 9.0% 8.1% 8.1% 9.8% 9.9% 10.5% 11.2% 11.8%
PBT 3.5% 8.2% 0.3% 3.0% 3.3% 2.6% -10.8% -36.2% 6.0% -17.2% 4.1% -11.5% -20.3% 1.0% 5.5% 8.7%
Income Tax -0.7% -0.4% -3.9% 0.6% 0.4% 0.8% -3.0% -9.2% 0.1% -4.5% 1.6% -2.9% -4.3% -0.7% 1.3% 3.1%
PAT 4.2% 8.6% 4.3% 2.3% 2.9% 1.8% -7.8% -26.9% 6.0% -12.7% 2.5% -8.7% -16.0% 1.7% 4.2% 5.6%
*1QFY21 onwards are cosolidated numbers

Union Bank of India INDUS EQUITY ADVISORS

10,000 12.0 4,000 40.0 25.0
9.7 3,356 20.7
10.0 3,500 35.0
8,000 7.6 2,966
2,774 20.0
8.0 3,000 2,580 30.0
5.9 2,435 15.7
6.4
6,000 4.7 6.0 2,500 25.0 13.1
2,720
2,018 15.0
3.5 4.0
6,002
2,421
5,910
5,770 4.0 2,000 20.0
5,637
5,577
2,245
5,385
2,078
4,000 1.0
1,925
2.2 2.6 2.0 1,500 15.0 7.6 10.0
6.9
1,499
-1.5 - 5.9
636
545
529
518
510
1,000 10.0
501
2,000 5.0
7,222
7,919
7,999
8,203
8,686
9,238
-2.0
27.9
30.7
32.2
33.8
34.1
36.3
-1.1 500 5.0
- -4.0 INR- Bn - -
INR Bn FY16 FY17 FY18 FY19 FY20 FY21 % FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21
Loans Deposits

1,200 16.4 18.0 90.0 7.00
81.3
15.4
14.6 16.0 80.0 73.6
1,000 13.7 6.00
66.2 67.8 69.6 6.19
14.0 70.0
11.6 63.1 5.00
57.2 5.31
800 12.0 60.0
51.0 51.4
9.0 9.2 10.0 48.8 4.00
50.0 41.7
600 40.3
7.3 8.0 40.0 3.00
5.4 6.3 3.37
400 5.2 6.0 3.07
4.6 30.0 2.00 2.49 2.34
4.0 20.0
200 1.00
292
510
364
313
273
409
2.0
684
997
984
972
898
502
10.0
-
- - -
INR FY16 FY17 FY18 FY19 FY20 FY21
FY16 FY17 FY18 FY19 FY20 FY21 % FY16 FY17 FY18 FY19 FY20 FY21
Union Bank of India INDUS EQUITY ADVISORS
40.0 29.1 12.0 3.5 52.1 53.0 14.0
20.0 13.8 12.9 52.0
10.0 10.0 3.0 12.0
- 50.0 51.0
2.5 49.0 50.0 10.0
-20.0 8.0
6.8 49.0
9.1
2.0 8.0
8.6
-40.0 47.3
8.0
48.0
8.0
6.0
7.7
7.6
5.9 46.5
-60.0 -71.6 1.5 46.4 6.0
4.9 47.0
-80.0 4.0 1.0 46.0 4.0
-100.0 3.0 45.0
-120.7 0.5 2.0
10.6
11.8
11.5
11.8
12.0
12.6
2.0
-120.0 -127.1 44.0
2.32 2.23 2.07 2.23 2.97 2.71
0.6 - 43.0 -
-140.0 FY16 FY17 FY18 FY19 FY20* FY21* -
Source: Company, Indus Equity *Merged entity Source: Company, Indus Equity *Merged entity Source: Company, Indus Equity *Merged entity

16,000 8.0 10.0 0.6 0.80
0.35
14,000 5.0 0.27 0.4
6.3 0.70
14,773
0.13
14,616
6.0
0.2
13,559
13,463
13,311
12,000 -
12,957
4.0
0.60
10,000
-
-5.0
2.8 -0.2 0.50
8,000 2.0 -10.0
-0.53 -0.4
6,000 -0.2 -0.59 0.40
-0.4 - -15.0
-0.6
4,000 -0.6 0.30
-20.0 -0.8
-2.9 -2.0 -1.07
9,443
9,707
9,652
9,609
9,587
9,312
2,000
-25.0 -1.0 0.20
Feb-16
Feb-17
Feb-18
Feb-19
Feb-20
Feb-21
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Jun-15
Jun-16
Jun-17
Jun-19
Jun-20
Jun-21
Jun-18
- -4.0 6.84 2.86 -15.57 -12.52 6.68
-27.99
FY16 FY17 FY18 FY19 FY20 FY21 -30.0 -1.2
Yes Bank - Quarterly Financials
Income Statement
Fund based income
Income on Investments 2,680 642 646 1,392 628 764 4,261 515 786 1,421 1,539 6,048 4,103 3,797 3,508 3,511
Others 388 84 91 212 105 107 334 102 89 76 67 259 171 160 201 2
--growth y-o-y -23% -24% -6% -29% -29% -30% -12% -34% -29% 2% 19% 46% 23% 22% 17% 16%
--growth q-o-q - -0.3 1% - -4% 5% - -0.1 -24% -5% -1% - - - - -
Other Income 3,341 816 1,197 1,327 707 621 3,442 597 626 946 1,273 4,675 5,224 4,062 2,712 2,046
Total Income 23,383 4,805 6,518 12,059 5,952 6,107 29,508 5,819 6,269 8,332 9,089 34,299 25,491 20,581 16,246 13,618
--growth y-o-y -34.5% -23.9% -39.7% -36.2% -37.1% -35.4% -2.8% -26.2% -13.5% 8.0% 27.0% 58.1% 17.9% 18.5% 10.9% 11.3%
--growth q-o-q - 8.8% -15.6% - -8.6% -9.4% - -13.8% -12.0% -6.1% 3.5% - - - - -
Net Interest Income 7,429 987 2,560 3,881 1,973 1,908 6,805 1,274 1,065 2,186 2,281 9,813 7,737 5,892 4,567 3,488
--growth y-o-y 9.2% -22.5% 140.5% -13.1% -9.7% -16.3% -30.6% -49.2% -60.1% -9.6% 2.8% 26.8% 31.3% 29.0% 30.9% 28.4%
--growth q-o-q - -61.5% 29.7% - 3.4% 49.8% - 19.6% -51.3% -4.2% -9.0% - - - - -
Opearating Expenses
Employee Cost 2,430 574 601 1,256 612 644 2,600 639 640 659 661 2,538 2,189 1,805 1,297 980
Other administrative Exps 3,362 1,044 871 1,446 708 738 4,129 1,126 1,057 1,014 933 3,823 3,024 2,312 1,679 1,305
Profit before Tax and Provisions (Pbtp) 4,977 185 2,286 2,507 1,360 1,147 3,518 106 -6 1,458 1,959 8,127 7,748 5,838 4,303 3,250
--growth y-o-y 41.5% 73.7% -35755.9% -26.6% -6.7% -41.5% -56.7% -92.0% -100.3% -38.4% -20.2% 4.9% 32.7% 35.7% 32.4% 20.9%
--growth q-o-q - -91.9% 68.1% - 18.6% 977.7% - -1760.2% -100.4% -25.6% 48.0% - - - - -

Others 9,712 5,240 2,199 2,274 1,187 1,087 32,758 4,872 24,766 1,336 1,784 5,778 1,554 793 536 339
Total 9,712 5,240 2,199 2,274 1,187 1,087 32,758 4,872 24,766 1,336 1,784 5,778 1,554 793 536 339
Profit Before tax -4,735 -5,055 87 233 173 60 -29,241 -4,766 -24,772 122 175 2,349 6,194 5,044 3,766 2,910
Income Tax -1,273 -1,267 -64 58 43 15 -6,526 -1,098 -6,212 722 61 640 1,970 1,714 1,227 905
effective tax rate 26.9% 25.1% -73.8% 25.0% 25.1% 24.6% 22.3% 23.0% 25.1% 591.1% 35.0% 27.3% 31.8% 34.0% 32.6% 31.1%
Extraordinary Items 0.0 6296.9 6296.9
Net Profit -3,462 -3,788 151 175 129 45 -16,418 2,629 -18,560 -600 114 1,709 4,225 3,330 2,540 2,005
--growth y-o-y -78.9% -244.1% -100.8% -135.9% -121.6% -60.1% -1060.8% -274.5% -1956.8% -162.2% -91.0% -59.6% 26.9% 31.1% 26.6% 24.0%
--growth q-o-q - -2613.3% 16.5% - 184.6% -98.3% - -114.2% 2993.0% -627.5% -107.6% - - - - -
Paid up Equity Share Capital 5,011 5,011 5,011 5,011 5,011 2,510 2,510 2,510 510 510 464 463 461 456 421 418
Reserves 28,185 28,185 31,780 19,216 19,216 26,441 25,298 21,598 13,366 11,262
CET 1 11.2% 11.2% 13.1% 13.5% 13.5% 6.5% 6.3% 6.3% 0.6% 8.7% 8.0% 8.4% 9.7% 11.4% 10.3% 11.0%
NIMs 2.8% 1.6% 3.4% 3.1% 3.0% 2.2% 1.9% 1.4% 2.7% 2.8% 3.2% 3.5% 3.4% 3.4% 3.2%
Earning per share -1.4 -1.5 0.1 0.1 0.1 0.0 -13.1 2.1 -72.8 -2.4 0.5 7.4 18.3 14.6 60.4 48.0
DPS 0.0 0.0 0.0 2.0 2.7 12.0 10.0 9.0
Dividend Payout 0.0% 0.0% 27.1% 14.7% 82.2% 16.6% 18.7%
Yes Bank - Quarterly Financials
Ratios
Provisioning/Pbtp 195.1% 2833.9% 96.2% 90.7% 87.3% 94.7% 931.3% 4578.4% -386360.8% 91.6% 91.1% 71.1% 20.1% 13.6% 12.5% 10.4%
OPM@ 8.2% -15.8% 20.5% 11.0% 12.5% 9.6% 0.3% -9.4% -11.2% 6.9% 8.8% 11.6% 12.5% 10.7% 11.8% 10.4%
PBT/NII -63.7% -512.3% 3.4% 6.0% 8.7% 3.2% -429.7% -374.2% -2326.5% 5.6% 7.7% 23.9% 80.1% 85.6% 82.5% 83.4%
Adj Book Value 8.0 8.0 7.1 6.6 6.6 10.8 -2.6 -2.6 -12.6 65.5 86.8 104.3 124.5 106.5 331.4 217.8
Gross NPAs 28,610 28,610 29,547 32,344 32,344 32,703 32,878 32,878 40,709 17,134 12,092 7,883 2,627 2,019 749 313
Net NPAs 9,813 9,813 6,857 7,868 7,868 8,158 8,624 8,624 11,115 9,757 6,883 4,485 1,313 1,072 284 88
Slippages 12,035 11,873 0 162 117 45 37,208 439 24,587 5,950 6,232 7,970 8,216 2,632 911 388
% of Gross NPAs 15.4% 15.4% 15.4% 16.9% 16.9% 17.3% 16.8% 16.8% 18.9% 7.4% 5.0% 3.2% 1.3% 1.5% 0.8% 0.4%
% of Net NPAs 5.9% 5.9% 4.0% 4.7% 4.7% 5.0% 5.0% 5.0% 6.0% 4.4% 2.9% 1.9% 0.6% 0.8% 0.3% 0.1%
Slippage Ratio 7.0% 27.7% 0.0% 0.1% 0.2% 0.1% 15.4% 0.7% 40.3% 9.9% 11.6% 3.9% 6.2% 2.7% 1.2% 0.7%
Restructured Account 1,244 1,244 1,523 264 264 190 172 172 184 221 202 208 338 524 524 382
Return on Assets -1.3% -5.7% 0.2% 0.2% 0.2% 0.1% -5.1% 3.8% -23.3% -0.7% 0.1% -1.6% 1.6% 1.8% 1.8% 1.7%
RoAE -12.6% -67.5% 6.5% 17.7% 18.6% 19.9% 21.3%
Coverage Ratio 65.7% 65.7% 76.8% 75.7% 75.7% 75.1% 73.8% 73.8% 72.7% 43.1% 43.1% 43.1% 50.0% 46.9% 62.0% 72.0%
Business 3,29,840 3,29,840 3,15,954 3,02,738 3,02,738 2,81,870 2,76,807 2,76,807 3,51,854 4,34,002 4,65,529 4,69,110 4,04,272 2,75,137 2,09,929 1,66,726
Advances 1,66,893 1,66,893 1,69,721 1,66,923 1,66,923 1,64,510 1,71,443 1,71,443 1,86,099 2,24,505 2,39,627 2,41,500 2,03,534 1,32,263 98,210 75,550
-- advances growth -2.7% -2.7% -8.8% -25.6% -25.6% -31.3% -29.0% -29.0% -23.7% -6.3% 11.6% 18.7% 53.9% 34.7% 30.0% 35.8%
Deposits 1,62,947 1,62,947 1,46,233 1,35,815 1,35,815 1,17,360 1,05,364 1,05,364 1,65,755 2,09,497 2,25,902 2,27,610 2,00,738 1,42,874 1,11,720 91,176
-- deposit growth 54.7% 54.7% -11.8% -35.2% -35.2% -48.0% -53.7% -53.7% -25.6% -6.0% 5.9% 13.4% 40.5% 27.9% 22.5% 22.9%
27.1% 27.1% -25.7% -50.7% -50.7% -57.7% -60.2% -60.2% -33.2% -19.7% -7.1% 5.3% 35.3% 60.6% 62.3% 34.9%
100.0% 100.0% -32.4% -43.0% -43.0% -51.6% -66.7% -66.7% -20.6% -4.0% -12.5% -1.1% 51.0% 74.7% 28.5% 21.1%
Casa 42,587 42,587 37,974 33,713 33,713 30,325 28,063 28,063 53,204 64,500 68,100 75,200 73,176 51,870 31,343 21,079
Others 1.9% 2.1% 1.7% 2.0% 2.0% 1.9% 1.3% 2.0% 1.6% 1.0% 0.9% 0.9% 0.8% 1.0% 1.5% 0.0%
other income 16.7% 20.5% 22.5% 12.4% 13.5% 11.3% 13.2% 11.4% 11.1% 12.8% 16.3% 15.8% 25.8% 24.6% 20.0% 17.7%
Wages 12.1% 14.4% 11.3% 11.7% 11.7% 11.7% 10.0% 12.2% 11.3% 8.9% 8.5% 8.6% 10.8% 10.9% 9.6% 8.5%
Profit before Tax and Provisions (Pbtp) 24.8% 4.6% 43.0% 23.4% 25.9% 20.9% 13.5% 2.0% -0.1% 19.7% 25.1% 27.4% 38.2% 35.3% 31.8% 28.1%
PBT -23.6% -126.7% 1.6% 2.2% 3.3% 1.1% -112.2% -91.3% -439.0% 1.7% 2.2% 7.9% 30.6% 30.5% 27.8% 25.1%
Income Tax -6.4% -31.8% -1.2% 0.5% 0.8% 0.3% -25.0% -21.0% -110.1% 9.8% 0.8% 2.2% 9.7% 10.4% 9.1% 7.8%
PAT -17.3% -94.9% 2.8% 1.6% 2.5% 0.8% -63.0% 50.3% -328.9% -8.1% 1.5% 5.8% 20.8% 20.2% 18.8% 17.3%

YES Bank INDUS EQUITY ADVISORS

3,000 80.0 800 732 752 40.0 65.5 80.0
53.9 51.8
700 35.0 60.0
2,500 54.7 60.0 41.1
34.7 30.0 40.0
30.0 40.0 600 519 48.7
2,000 18.7
40.5 500 426 25.0 20.0
20.0 2.8
1,500 27.9 -2.7
22.5 20.0 -
467
13.4 400
288
444
285
- 313
281
1,000 300 15.0 -20.0
191
190
-29.0
328
-20.0
10.0 -40.0
109
200
1,117
1,323
1,429
2,035
2,007
2,415
2,276
1,714
1,054
1,669
1,629
236
500 -62.7
95
-40.0
204
982
28.1
36.3
36.5
33.0
26.6
26.1
186
100 5.0 -60.0
- -53.7 -60.0 INR Bn
INR Bn - - -80.0
FY16 FY17 FY18 FY19 FY20 FY21 %
Loans Deposits

150 20.0 80.0 73.8 16.0
16.8 15.4 13.47
130 17.0 70.0 65.7 14.0
62.0
14.0 60.0 12.0
110
50.0 10.0
11.0 50.0 46.9
90 43.1
5.9 8.0 8.0
70 40.0
3.2 5.0 6.0
50 0.8 1.5 1.3 30.0
5.0 2.0 4.0
1.9 1.41 1.49 1.15 4.21
30 20.0 2.0 0.64
0.3 0.8 0.6 -1.0
286
329
11
13
45
86
98
10.0
26
79
20
10 -
3
7
-4.0
- -2.0
-10 FY16 FY17 FY18 FY19 FY20 FY21 -7.0
%
YES Bank INDUS EQUITY ADVISORS
100.0 3.5 4.0 70.0 20.0
3.07
2.85 2.94 18.0
50.0 3.0 65.7 60.0
3.5 16.0
2.34
2.5 14.0
- 50.0
1.87 53.8
2.0 3.0 12.0
-50.0 40.0 10.0
11.4
11.2
43.9
10.3
1.5 40.9 41.4
9.7
1.10 2.5 40.2 8.0
8.4
-100.0 30.0
1.0 6.0
6.3
-150.0 2.0 4.0
0.5 20.0
16.5
17.0
17.0
16.5
17.5
8.5
25 33 42 17 -164 -35 2.0
3.4 3.4 3.5 3.2 2.2 2.8
-200.0 - 1.5 10.0 -

2,000 36.5 40.0 40.0 3.0 4.50
1.80 1.80 1.60
1,800 35.0 2.0 4.00
1,600 30.0 20.0 3.50
1.0
1,400 25.0 3.00
- -
1,200 16.3 20.0 -1.30
-1.60 2.50
-1.0
1,000 10.0 15.0 -20.0 2.00
1,000
800 10.0 -2.0

1.50
860
600 1.8 1.3 5.0 -40.0 -3.0

-5.10 1.00
400 -5.7 - -4.0
1,600
1,785
1,724
1,120
1,423
1,070
1,100
1,450
1,135
1,340
-60.0 0.50
200 -5.0 -5.0
19.94 18.58 17.67 6.49 -67.52 -12.61 -
- -10.0
Aug-16
Aug-17
Aug-18
Aug-19
Aug-15
Aug-20
Dec-15
Dec-16
Dec-17
Dec-19
Dec-20
Dec-18
Apr-16
Apr-17
Apr-18
Apr-19
Apr-21
Apr-15
Apr-20
-80.0 -6.0
Indus Equity
Advisors
Thank You
sushil@indusequity.com amit@indusequity.com
Disclaimer
The information in this document has been prepared based on publicly available information; internal data and other sources believed to be true, but which
may have not been verified independently.
While every effort is made to ensure the accuracy and completeness of information contained, the company (Indus Equity Advisors Pvt Ltd.) takes no
responsibility and assumes no liability for any error/ omission or accuracy of the information.
Recipients of this material should rely on their own judgments and conclusions from relevant sources or on those of competent independent consultants
engaged by them before making any investment.
This document does not constitute an offer or solicitation to invest in any Company mentioned. Unless otherwise noted, information included herein is
presented as of the dates indicated.
Indus Equity Advisors Pvt Ltd., it’s Directors and / or it’s affiliates may, from time to time, hold position in some/all of the securities mentioned in the report.

Bank Results &amp; Snapshot - FY21

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Bank Results &amp; Snapshot - FY21

Uploaded by

Copyright:

Available Formats

Indus Equity Advisors

Private & PSU Banks

Quarterly Financial Results

Provisions and contingencies

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

Fund based income

Provisions and contingencies

Advances and Deposits (INRbn) CASA Deposits

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

4.0 0.20 0.4

Bandhan Bank Ltd - Quarterly Financials

Fund based income

Provisions and contingencies

* Q1'20 onwards are post merger numbers

Bandhan Bank Ltd - Quarterly Financials

Cost Ratios as a % to Total Income

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

12.7 15.0 4.00

200 5.0 0.5

16.51 28.58 19.46 18.59 22.55 13.53 -

Branches ATMs + Branches Gr. YoY % (RHS) RoE RoA (RHS)

Bank of Baroda - Quarterly Financials

Provisions and contingencies

Bank of Baroda - Quarterly Financials

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

3.9 2.3 5.0 30.0

0.7 - 7.2 7.2 10.0

-0.8 1,500 20.0 5.8

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

10,000 3.2 1.6 -2.0 0.80

Bank of India - Quarterly Financials

Provisions and contingencies

Bank of India - Quarterly Financials

Cost Ratios as a % to Total Income

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

2.1 2.0 - -0.24 0.80

Provisions and contingencies

Cost Ratios as a % to Total Income

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

GNPA and NNPA Coverage Ratio (%) Credit Cost (%)

Branch and Network RoA and RoE Price to Book

1,840 -100.0 -0.86

-1.5 -1.5 0.60

1,800 -2.5 -2.5

Canara Bank - Quarterly Financials

Fund based income

Provisions and contingencies

Canara Bank - Quarterly Financials

Cost Ratios as a % to Total Income

Sushil Choksey - sushil@indusequity.com || Amit Mishra - amit@indusequity.com

Advances and Deposits (INRbn) CASA Deposits

Bank Results & Snapshot - FY21

Bank Results & Snapshot - FY21