Slides
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Investor Presentation – Q2 FY27 October 24, 2026
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Our Vision To Build A World Class Bank in India with Principles of Ethical, Digital & Social Good Banking 1
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Sep-26Bank at Glance, Q2 FY27 results 1. Loans & Advances (Rs. 3,38,929 Cr) and Credit Substitutes (Rs. 7,984 Cr) = Total Loan Assets of Rs. 3,46,913 Cr, up 30% YoY and 14% QoQ 2. Loan Assets includes FCNR (B) backed loans to NRI customers amounting to Rs. 24,885 crore, excluding this it grew 5.5% QoQ and 20.8% YoY. Gross of IBPC Loan Assets increased by 22.2% YoY 3. Total Deposits includes Customer Deposits (Rs. 3,41,415 Cr) and Certificate of Deposits (Rs. 7,168 Cr). This includes FCNR (B) deposits of Rs. 34,390 crore 4. Domestic credit to deposit ratio was at 89.9% as on September 30, 2026, this excludes the loans and deposits of IBU branch of the Bank 2 Loans & Advances Rs. 3,38,929 Cr (14% QoQ | 30% YoY) Total Deposits Rs. 3,48,583 Cr (12% QoQ | 26% YoY) CASA Deposits Rs. 1,65,963 Cr (5% QoQ | 20% YoY) GNPA ratio 1.32% (-20 bps QoQ | -54 bps YoY) NNPA ratio 0.40% (-4 bps QoQ | -13 bps YoY) Net Interest Income (Q2-FY27) Rs. 6,184 Cr (3.5% QoQ | 21.0% YoY) Fee & Other Income (Q2-FY27) Rs. 2,285 Cr (7.4% QoQ | 24.5% YoY) Core Operating Profit (Q2-FY27) Rs. 2,527 Cr (6.6% QoQ | 38.5% YoY) Profit After Tax (Q2-FY27) Rs. 1,045 Cr (-2.8% QoQ | 196.5% YoY) Return on Assets (Q2-FY27) 0.93% (-13 bps QoQ | 55 bps YoY) Average CASA ratio 48.4% (-167 bps QoQ | -22 bps YoY) Provisions (Q2-FY27) Rs. 1,137 Cr (-0.6% QoQ | -21.7% YoY) Excluding Interest on IT-refund in Q1FY27, up 4.5% QoQ Core RoA at 0.92% in Q2 vs 0.88% in Q1 FY27
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Sep-26Management Commentary – Q2 FY27 • Strong deposit growth: Total deposits grew 25.9% YoY and 11.8% QoQ to reach Rs. 3,48,583 crore. • Healthy CASA: Average CASA ratio remained strong at 48.4% in Q2 FY27. The slight decline from 50.1% was primarily due to the large mobilisation of FCNR(B) deposits during the quarter. • Loan growth: Loans and advances, including credit substitutes and FCNR(B)-backed loans, grew 30.1% YoY to Rs. 3,46,913 crore. Excluding loans secured by FCNR(B) deposits, loan growth was 22.2%, gross of IBPC. • Operating leverage: Opex growth has remained lower than income growth by over 500 bps YoY for two consecutive quarters. Over the past seven years, the Bank has invested in building its deposit, PSL franchise, and launch of many new business lines. Bank is experiencing Operating leverage on these investments which is resulting in strong growth in PAT. • Improving cost-to-income ratio: Incremental cost-to-income ratio was 55% in H1 FY27. The core cost-to-income ratio improved to 70.16% in Q2 FY27 from 70.73% in Q1 FY27. • Strong growth in core operating profit: Core operating profit, excluding trading gains, grew 38.5% YoY to Rs. 2,527 crore in Q2 FY27. • Stable asset quality: GNPA stood at 1.32% and Net NPA at 0.40%. Credit cost, as a percentage of average assets, reduced to 1.01% in Q2 FY27. • PAT grew 196.5% YoY to Rs. 1,045 crore, resulting in an ROA of 0.93% for Q2 FY27. H1 FY27 ROA stood at 0.99%. • FCNR(B) mobilisation: The Bank mobilised Rs. 34,390 crore (approximately US$3.6 billion) of FCNR(B) deposits despite having no branch, subsidiary or representative office outside India. This demonstrates the Bank's digital capabilities and the trust it enjoys among customers. • FCNR(B) deposits are largely of 3-to-5-year tenor and provide strong structural liquidity for the coming years. The fully loaded cost of FCNR(B), including PSL benefits, is approximately 1% lower than the cost of raising domestic fixed deposits. • FCNR(B) deposits will benefit NII, PAT, EPS and RoE, although it is optically NIM-dilutive because the balance sheet expanded by Rs. 24,885 crore as loans were extended by the International Banking Unit against FCNR(B) deposits. • We expect the impact of the recent consultation paper by IRDAI on commission of insurance paper on the overall profitability for FY28 to be broadly addressed by the positive impacts of the FNCR(B) deposit mobilization at ~1% benefit (including statutory benefits) compared to domestic rates, savings in raising these deposits domestically, product changes, and expected increase in the repo rate (assumed additional 25 bps in FY27 and 25 bps in FY28). 3
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Sep-26Our Incremental Core RoA (excluding trading gains) is at 1.84% Interest Income Interest Expense NII Fee & Other Income Total Income Cost to Income Ratio Opex PPOP Provisions PBT ROA 10.7% 5.0% 5.7% 2.1% 7.8% 70.4% 5.4% 2.3% 1.1% 1.3% 0.99% 10.7% 5.0% 5.7% 2.1% 7.8% 55.0% 4.3% 3.5% 1.1% 2.4% 1.84% Note: H1 FY27 RoA of 0.99% includes ~30bps drag from the liabilities business. ROA AT INCREMENTAL C:I of 55% 1.84% vs 0.99% RoA in H1 FY27 Actuals Derived RoA Tree on Incremental C:I for H1 FY27H1 FY27 Actuals (A) (A) (A) (A) (A) (A) (D) (D) (A) (D) (D) (D)(A) RoA Tree Incremental Cost to Income ratio at 55.0% In Rs. Crore H1 FY26 H1 FY27 Incremental Operating Expenses 10,044 11,671 1,627 Core Operating Income 13,613 16,570 2,957 C:I (%) 73.8% 70.4% 55.0% 4
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Sep-26Core Profit After Tax crosses Rs. 1,000 crore 311 430 746 897 1,036 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Core PAT excludes Trading gain from all periods, Impact of Fraud incident and IT Refund in Q4 FY26 and Interest on IT Refund in Q1 FY27 Core Profit after Tax has grown by 233.5% YoY and by 15.5% QoQ In Rs crore 0.34% 0.45% 0.77% 0.88% 0.92%Core RoA 0.38% 0.52% 0.33% 1.06% 0.93%Reported RoA 5
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T ABLE OF CONTENTS Product Strategy Product Strategy 1 Liabilities Liabilities 2 5 Profitability Capital Profitability & Capital Asset Quality Asset Quality 4 Assets Assets 3 7 18 24 32 41
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Sep-26The Bank has built a full Suite of Universal Banking Products and scaled them up 7 Retail Lending Rural Lending SME Lending Deposits NRI Banking Fastag Trade Finance Solutions Transaction Banking & CMS Credit Cards Treasury & Forex Solutions Wealth Management • U N I V E R S A L • B A N K Corporate Lending WHOLESALE BANKING PRODUCTS RETAIL BANKING PRODUCTS
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Sep-26 IDFC FIRST Bank has developed capabilities to finance all customer segments Kisan Credit Card Rural Entrepreneurs Self Employed Dairy BBG LAP CV / CE Loan against Deposits Micro Entrepreneur Education Loan New Car Home Loan Consumer Durable Loans Two Wheeler Loans Kirana Credit Card Gold Loan Used Car Loan Affordable Housing Salaried Personal Loan Social Enterprises 79% 21% Tractor Loan Traditional Banks are primarily focus on this segment IDFC FIRST Bank has developed unique capabilities for 15 years to underwrite the segment profitably with stable asset quality using Cash-flow and Machine Learning model Book Composition of IDFC FIRST Bank in these segments Corporate LAS Retail Finance Rural Finance MSME Finance Corporate Finance 8
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Sep-26 Retail Financing 9 Diversified retail lending suite catering to customers’ key life-stage needs Mortgage Loans Consumer Durable Loans Personal Loans Gold Loan Two-Wheeler Loan Car Loans Retail Finance stood at Rs. 2,11,614 crore on September 30, 2026
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Sep-26 Rural Financing 10 Loans to farmers, rural entrepreneurs and women borrowers Tractor Loans Dairy Farmer Loans Microfinance (JLG) Loans Rural Entrepreneur Loans Kisan Credit CardMicro Enterprise Loans Rural Finance stood at Rs. 25,248 crore on September 30, 2026
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Sep-26 SME Term Loans MSME Financing 11 Cash-flow based lending solutions for micro, small and medium enterprises Loans to Micro Businesses (Kirana, Salon)SME Working Capital Loan Construction Equipment FinancingCommercial Vehicle Financing Agri-Trade Finance MSME Finance Stood at Rs. 39,739 crore on September 30, 2026
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Sep-26Wholesale Finance Comprehensive corporate banking suite, delivered through a 360-degree relationship approach 12 Wholesale Finance Stood at Rs. 70,312 crore on September 30, 2026 Corporate Lending Financial Institutio ns Lending Trade Finance Treasury & Forex Solutions Transactio n Banking & CMS Wholesale Banking Supply Chain Financing Non-Fund Based Facilities
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Sep-26 Digital channels support growth of Retail Deposits Salaried (Corp Salary) Senior Citizen FIRST Power (Women) Affluent Banking (Program) Defense (Honor FIRST) SEGMENTED OFFERINGS Non-Resident Savings Account #1 Mobile Banking App in India, #2 Globally 3 Mn+ Reviews 31.4 Mn+ App Registrations Women SA (First Power) 13 Rated 4.9 on Android and 4.8 on IOS
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Sep-26 26 65 157 221 337 463 570 792 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Private Wealth Management AUM grew to Rs. 792 Bn AI-powered, research-led wealth platform simplifying investment decisions for affluent and HNI clients Private Wealth Book (Rs. Billion)^ Product Offerings Mutual Funds Curated ACE Funds backed by deep research and insight PMS and AIFs Professionally managed, diversified strategies tailored to client goals Structured Products & Bonds Predictable income foundation built on expert investment strategies Pre-listed & Private Equity Early access to high-growth start-ups and private firms Proprietary ACE fund-selection framework ~40 Equity ACE funds 15+ yrs Back-testing 1,000+ Funds tracked FIRST Private Proposition Curated client experiences Exquisitely crafted premium cards *AUM includes Private Banking Investments and Deposits and FCNR(B) deposits of Rs.15,247 crore ^Includes Demat of Rs. 7,816 crore as of September 2026. 14
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Sep-26IDFC FIRST Bank Cards in force cross 5 million as the credit card franchise scales CREDIT CARDS IN FORCE 5 mn cards in force as on Sep 30, 2026 0.1 mn Mar-21 5 mn Sep-26 50× CREDIT CARD BOOK (RS. CRORE) +14.3% YoY growth in credit card book 428 Mar-21 9,875 Sep-26 23× Wide range of card variants matching the multiverse of consumer needs Credit builders GenZ, Millennials Lifetime free Metal 15
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Sep-26Largest Issuer of FASTags in NETC (National Electronic Toll Collection) ▪ India’s FIRST FASTag accepted at Tolls, Fuel stations and Parking. ▪ As on Sept’26, Program leader with 42% Market share with respect to Toll Value paid per month. ▪ Largest Biller in NPCI’s Bharat Connect (BBPS) platform. ▪ Active Tags increased 40% YoY to reach 19.5 million as on September 30, 2026 Spends - 6 Year CAGR of ~40% (Rs. crore) ₹ 6,243 ₹ 10,735 ₹ 17,557 ₹ 22,261 ₹ 27,135 ₹ 33,095 ₹ 18,044 28% 28% 32% 34% 37% 40% 42% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 H1 FY 27 Spends In Crs Industry share % 16
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Sep-26Customer Service is of prime importance, all gates open for service Loan Centre Bank Branch Contact Centre Website Email WhatsApp App Best-in-class CUSTOMER SERVICE Bank has 1,200 branches as on September 30, 2026. 39 million customers served through these channels Prime spot for customer service inside the Bank's app 17
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2. LIABILITIES
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Sep-26 Mobilised ~US$ 3.6 bn of FCNR(B) deposits from NRI Customers; Market share of 2.7% FCNR(B) Rs. 34,390 Cr ~US$ 3.6 bn mobilised Key Highlights LEVERAGED FCNR(B) of Rs. 24,885 crore > 7% of Total Loan Assets (as on Sep-26) ~US$ 2.6 bn | 72% of FCNR(B) deposits mobilised FOREIGN CURRENCY FUND RAISING - DEBUT US$ 950 Mn bond (Raised across 3-year & 5-year tenor) and balance mobilized by loans from IBU branch SHARE OF FCNR(B) DEPOSITS ~10% of Total Deposits (as on Sep-26) of total deposits as at September 30, 2026 GLOBAL CREDIT RATINGS (DEBUT) BBB- (Stable) | BBB- (Positive) S&P Global Ratings | CareEdge Global • Pursuant to strong FCNR(B) deposit flows during the quarter and consequent excess liquidity, the bank calibrated deposit growth to manage surplus liquidity o Bulk Rupee Term Deposits (>= Rs. 3 crore) as % of Total Deposits reduced from 17.1% at June 30, 2026 to 13.9% at September 30, 2026. This has structurally strengthened the balance sheet. It was 18.2% at September 30, 2025 o Certificate of Deposits also de-grew by Rs. 5,318 crore in Q2 FY27, down 6.6% QoQ and 42.6% on YoY basis o In the interim Excess liquidity parked in HQLA investments within nostro accounts Average LCR for the month of Sep- 26 was 139% as against 115% maintained in normal course FCNR proposition is accretive towards Net Interest Income, PAT, RoE (FCNR is FD backed and no additional capital requirement) and EPS for the Bank, it is optically dilutive for the Net Interest Margins due to denominator effect on the Balance Sheet 19
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Sep-26 10,400 13,214 33,924 63,894 68,035 1,03,870 1,51,343 1,91,268 2,23,899 2,46,648 34,390 38,455 40,504 57,719 82,725 93,214 1,36,812 1,93,753 2,42,543 2,84,453 3,41,415 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Customer Deposits Retail Wholesale In Rs. Crore Since merger, the CoF reduced by 183 bps, yet the customer deposits grew at ~8-Year CAGR of 32.5% • Customer Deposits were up 26.9% YoY and 14.0% QoQ; Average customer deposits increased by 23.7% YoY and 10.3% QoQ during Q2FY27 • Customer Deposit growth excluding FCNR(B) during the Q2FY27 grew by 14.1% YoY and 2.5% QoQ, growth was calibrated due to FCNR (B) flows IDFC Bank’s Cost of Funds given at merger above is of H2 FY19 | Customer Deposits = Retail Customer Deposits + Wholesale Customer Deposits (Excludes Certificate of Deposits) 7.80% 5.97% At merger H1 FY27 Cost of Funds (%) FCNR (B) Retail 20
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Sep-26CASA Deposits growth strong at 19.8% YoY 5,274 7,893 20,661 45,896 51,170 71,983 94,768 1,18,237 1,46,650 1,65,963 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 CASA Deposits CASA Ratio 8.7% CASA Ratio 47.6% • Average CASA deposits grew 23.3% YoY in Q2 FY27, with average CA and SA deposits growing 30.0% and 22.3%, respectively • The average CASA ratio stood at 48.4% for Q2FY27 19.8% YoY 4.7% QoQ 21
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Sep-26 Retail deposits have increased from 27% of deposits at merger (Dec-18) to 82% currently which has strengthened the deposits side. Bank has diversified its liabilities base with 82% Customer Deposits in Retail Customer Deposits (Rs. Crore) Retail Deposits Wholesale Deposits • Retail Deposits as on September 30, 2026 includes FCNR (B) deposits raised through IBU branch amounting to Rs. 34,390 crore • Retail LCR deposits (as per Basel III disclosures) as a % of Total Average Deposits, is highest among private sector banks indicating high stability of deposits Dec 18 38,455 Mar-26 2,84,453 Mar-19 40,504 Mar-20 57,719 Mar-21 82,725 Mar-22 93,214 Mar-23 1,36,812 Mar-24 1,93,753 Mar-25 2,42,543 27% 73% 79% 21% 79% 21% 78% 22% 76% 24% 73% 27% 77% 23% 59% 41% 33% 67% 82% 18% Sep-26 3,41,415 22
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Sep-26Deposits & Borrowings Details Particulars (In Rs. Crore) Dec-18 (Merger) Sep-25 Jun-26 Sep-26 YoY Growth Legacy Long Term & Infrastructure Bonds 26,819 578 - - - Refinance & Other Borrowings 30,834 18,707 28,973 49,176 162.9% Tier II Bonds - 4,500 4,500 4,500 - Total Borrowings 57,652 23,784 33,473 53,676 125.7% CASA Deposits 5,274 1,38,583 1,58,492 1,65,963 19.8% Term Deposits 33,181 1,30,512 1,40,913 1,75,452 34.4% Total Customer Deposits 38,455 2,69,094 2,99,405 3,41,415 26.9% Certificate of Deposits 22,312 7,677 12,486 7,168 -6.6% Borrowings & Deposits (Excluding money market borrowings) 1,18,420 3,00,555 3,45,365 4,02,260 33.8% Money Market Borrowings 10,962 16,997 7,911 280 -98.4% Total Borrowings & Deposits 1,29,381 3,17,552 3,53,276 4,02,540 26.8% CASA Ratio (%) 8.7% 50.1% 50.8% 47.6%# -246 bps Average CASA Ratio % (On daily average balance for the quarter) - 48.6% 50.1% 48.4% -22 bps #Excluding the FCNR (B) Deposits of Rs. 34,390 crore from Total Deposits, the CASA Ratio stood at 52.8% 23
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3. ASSETS
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Sep-26Bank has developed specialization in RAM book; grown consistently for 15 years Retail, Agri and MSME (RAM) Book (Rs. Crore) • The Bank has developed specialization in Cash Flow Evaluation & Digital Capabilities for these businesses • The Bank has consistently grown RAM loans for 15 years, from Rs. 94 crore to Rs. 2,76,601 crore. It includes Rs. 24,885 crore of FCNR(B) backed loans to NRI Customers • This specialized capability plus market opportunity provides a long runway for growth over the next decade. RAM = Retail, Agri and MSME book FCNR (B) backed loans 2,51,716 24,885 94 771 3,460 5,560 7,883 10,113 13,876 20,634 32,281 36,927 42,209 57,328 75,404 92,477 1,26,135 1,66,604 1,97,568 2,32,394 2,76,601 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 IDFC FIRST Bank Erstwhile IDFC Bank Erstwhile CFL Excludes FCNR(B) backed loans 25
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Sep-26 Corporate loans includes credit substitutes Wholesale Loan Book growing steadily 67,733 68,192 46,191 41,723 36,574 34,464 34,362 44,358 57,884 70,312 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Wholesale Loan Book (Rs. Crore) Reduction Phase: Upon merger, Bank reduced the legacy infrastructure projects and large ticket corporate loans to deal with asset quality and to conserve funds to grow retail loans. Growth Phase: Bank started regrowing the corporate loans with strong underwriting practices. Bank has a 360 degree approach for corporate business including CMS, Forex, Transaction Banking, Salary Accounts and other services to generate returns with asset quality. 33.5% YoY 9.4% QoQ 26
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Sep-26Bank has reduced concentration risk in corporate banking The exposure to top 20 single borrowers reduced from 16% in Mar-19 to 5% in Sep-26 (excluding FCNR (B) backed loans to NRI Customers) A and Above 76% BBB 20% BB& Below 4% September 30, 2026 Total Corporate Exposure of Rs. 1,04,070 crore (including non-funded exposure) Rating wise distribution – Corporate Exposure 16% 13% 12% 9% 7% 6% 4% 5% 5% Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 27
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Sep-26 Rs. 24,885 crore Leveraged FCNR (B) loans 73,051 1,04,660 1,10,400 1,03,519 1,17,127 1,29,051 1,60,599 2,00,965 2,41,926 2,90,278 3,46,913 Mar-18 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Total Loan Assets grew @ 30% YoY (including FCNR (B) backed loans) In Rs. Crore Loan growth started after building strong deposit franchise Total Loan Assets Period of Stabilization to address high credit deposit ratio Upon merger Pre merger Total Loan Assets net of Inter-Bank Participant Certificate (IBPC) transactions & includes credit substitutes 30.1% YoY 13.6% QoQ Growth of 22.2% YoY and 5.7% QoQ in loan assets (gross of IBPC and excluding FCNR(B)-backed loans to NRI customers) Including FCNR (B) backed loans 3,22,028 28
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Sep-26 Mortgage Backed 25% Vehicle 10% Rural 5% MSME 8% Other Retail 25% FCNR(B) Backed 7% Wholesale 20% Bank has transformed its credit book from wholesale to a well diversified book across several products Current September 30, 2026 Rs. 3,46,913 crore • Wholesale book reduced from 86% to 20% • RAM book (including FCNR (B) leveraged book), increased from 14% to 80% • Mortgage-backed loans increased from 5% to 25% The Bank has transformed the loan book from largely wholesale credit book to a well diversified book of Retail, Agri, MSME and Corporate Banking. The portfolio is well diversified across mortgage-backed loans (25%), vehicle finance (10%), rural (5%), MSME (8%), other retail loans (25%), FCNR(B) backed (7%) and wholesale banking (20%) Pre-Merger September 30, 2018 Rs. 75,332 crore Mortgage Backed 5% Vehicle 0.1% Rural 6% MSME 1% Other Retail 2% Wholesale 86% 29
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Sep-26The Bank has diversified its loan book across more than 25 business lines Loan Book: September 30, 2026 Rs. 3,46,913 crore Home Loan 8% Loan Against Property 11% Business Banking 4% KCC 2% FCNR(B) Backed Loan 7% Salaried Personal Loan 6% Digital Personal Loan 4% Credit Card 3% Two-Wheeler Loan 7%Car Loan 3% CV/CE Financing 3% Consumer Durable Loan 3% Gold Loan 2% Education Loan 1% Digital Consumer Durable loan 0.2% Rural Finance 5% Micro Credit & MSME Loan 4% Small Business and Professional Loan 4% Other Retail 2% Other Commercial Loan 0.3% Corporate Loans 9% Financial Institutions 9% Other Corporates incl SE/SR 2% 30
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Sep-26 • The figures above are net of Inter-Bank Participant Certificate (IBPC) transactions & includes credit substitutes • Mortgage Loans includes Loan Against Property and Home Loans • Consumer loans include Salaried Personal Loans, Small Business & Professional Loans, Consumer Durable Loans, Digital Personal loans and digital consumer loans. • Wholesale Loans includes credit substitutes amounting to Rs. 7,984 crore. • Business Loans includes Trade Advances YoY Loan Growth driven by Mortgage, Vehicle, Consumer, MSME & Wholesale Loans Gross Loans Assets (In Rs. Crore) Dec-18 Sep-25 Jun-26 Sep-26 QoQ (%) YoY (%) Retail Finance 26,877 1,56,253 1,79,192 2,11,614 18.1% 35.4% Mortgage Loans 12,462 59,068 62,480 64,211 2.8% 8.7% Vehicle Loans 5,281 30,246 34,144 35,464 3.9% 17.3% Consumer Loans 8,260 48,159 57,834 60,324 4.3% 25.3% Education Loan - 3,565 3,630 3,783 4.2% 6.1% Credit Card - 8,638 9,580 9,875 3.1% 14.3% Gold Loan - 2,668 4,892 5,850 19.6% 119.3% FCNR(B) Backed Loans - - - 24,885 - - Others 874 3,909 6,633 7,221 8.9% 84.7% Rural Finance 4,679 23,542 24,427 25,248 3.4% 7.2% - Of which Micro-finance Loans 4,336 7,306 6,698 6,825 1.9% -6.6% Business Finance 73,105 86,784 1,01,751 1,10,051 8.2% 26.8% Wholesale Loans 67,733 52,673 64,252 70,312 9.4% 33.5% Business Banking (Working Capital) 1,019 10,934 12,961 14,381 11.0% 31.5% CV & CE Financing 788 8,621 10,614 11,062 4.2% 28.3% Business Loans (Term loans to Small Businesses) 3,565 14,556 13,924 14,295 2.7% -1.8% Total Loan Assets (Net of IBPC) 1,04,660 2,66,579 3,05,370 3,46,913 13.6% 30.1% Total Loan Assets (Gross of IBPC and excluding FCNR (B) backed loans) 1,04,660 2,69,279 3,11,442 3,29,173 5.7% 22.2% Loans Assets Sep-26 Mix % Retail Finance 2,11,164 61% Rural Finance 25,248 7% MSME Financing 39,739 11% Wholesale Financing 70,312 20% Total Loan Assets 3,46,913 100% (In Rs. Crore) Excluding FCNR (B) backed loans the Retail Finance grew 4.2% QoQ and 19.5% YoY 31
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4. ASSET QUALITY
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Sep-26 Personal Discussions Title Deed Verification Physical Verifications Fraud Detection Financial Ratio Analysis Cash Flow Analysis The fundamental underwriting principle of the Bank explained • Cashflow analysis is the core part of our underwriting process. Bank assess customer cashflows, estimate repayment capacity and determine loan eligibility accordingly. • We leverage India’s digital public infrastructure, including Account Aggregator, GST data, India Stack, Credit bureaus, e-KYC, e- agreements and e-mandates. • Bank takes Debit instruction to loan account to the extent of EMI upfront during disbursal, the second core element of our model Cashflow Analysis • Bank follows stringent multi-step underwriting process, depending on product; some of which are mentioned below - Stringent Process • The bank has developed credit underwriting scorecards for dedicated cohorts by enriched them through repeated cycles over 15 years with performance data over millions of customers. • These scorecards have evolved over the last 15 years supported by new advances in technology – • Since loan tenors typically are between one to three years, the scorecards have evolved, have been tested through multiple loan life cycles during this time frame. Credit Scorecards Judgemental Scorecards Decision Tree Parametric Models Machine Learning Models Deep Learning Models Generative AI tech 33
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Sep-260-30 DPD collection efficiency stable at 99.5% Collections % do not include any arrear or prepayment collections and hence represents true collections efficiency. • Numbers above pertain to collection efficiency in current bucket in Retail portfolio which is the majority of the Book. Note: The above figures are quarterly average of monthly collection efficiency for current bucket. Stable 99.4% 99.4% 99.5% 99.5% 99.5% 99.5% 99.5% 99.6% 99.4% 99.4% 99.3% 99.4% 99.4% 99.4% 99.5% 99.6% 99.5% 99.5% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Collection Efficiency % = (Pos of EMI Collected for the Month)/(Pos of EMI Due for the month) % 34
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Sep-2631-90 DPD for Retail, Agri and MSME book loan book stable 2.19% 2.23% 1.66% 0.84% 0.81% 0.97% 0.97% 1.03% 1.07% 0.78% 0.77% 0.72% Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Mar-26 Jun-26 Sep-26 SMA 1 = 31-60 dpd SMA 2 = 61-90 dpd >90 dpdPre -NPA NPA SMA-1 & SMA-2 portfolio as % of RAM Loan Book Above numbers are Gross of IBPC | SMA-1 & 2 for the Bank reduced from 0.62% in Jun-26 to 0.58% in Sep-26 RAM = Retail, Agri and MSME book Product-wise details in annexure 35
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Sep-26>90 DPD: Overall Bank level NPA is stable 6.16% 3.00% 3.31% 2.43% 2.60% 4.15% 3.70% 2.51% 1.88% 1.87% 1.61% 1.51% 1.32%2.39% 1.10% 1.69% 1.27% 0.94% 1.86% 1.53% 0.86% 0.60% 0.53% 0.48% 0.44% 0.40% Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Sep-26 GNPA% NNPA% Assets sold to ARC of Rs.2,405 Cr in Jul-Aug’18 Assets sold to ARC of Rs. 4,049 Cr in Mar’17 COVID Pandemic Formation of IDFC Bank in Oct’15 Merger of IDFC Bank & Capital First in Dec’18 Stable Asset Quality Excluding FCNR(B) leverage 1.42% 0.43% • Provision Coverage Ratio stood at 70.1% as on September 30, 2026 as compared to 70.5% as on March 31, 2026 36
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Sep-26RAM asset quality has been stable over 15 years through credit cycles 0.25% 0.08% 0.53% 0.99% 2.02% 2.14% 1.91% 1.66% 1.46% 2.18% 1.77% 4.01% 2.63% 1.65% 1.38% 1.70% 1.82% 1.73% 1.55% 1.47% 1.40% 1.24% 0.06% 0.00% 0.38% 0.67% 1.41% 1.51% 1.19% 1.06% 0.89% 1.24% 0.67% 1.90% 1.15% 0.55% 0.44% 0.62% 0.66% 0.63% 0.63% 0.56% 0.52% 0.47% Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 GNPA NNPA RAM book-NPA ratio Stress Test 5: COVID-19 Stress 3: GST Stress Test 4: IL&FS Crisis Stress Test 1: Economic Slowdown Stress Test 2: Demonetization Stress Test 6: MFI Crisis RAM = Retail, Agri and MSME book 1.36% 0.51% Excluding FCNR(B) leverage Product-wise details in annexure • Corridor of technology-led and cash-flow based underwriting approach, the Bank has maintained strong asset quality for over 15 years, with Gross NPA and Net NPA of approximately 2% and <1% respectively across multiple credit cycles. Credit Costs averaged 2.0% of loans (or 1.4% of assets) over FY21– FY26, including COVID an2d MFI credit cycle. 37
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Sep-26Wholesale Business Gross NPA and Net NPA are stable 38 Wholesale Banking 3.63% 4.49% 7.16% 6.31% 4.60% 2.73% 2.65% 2.43% 2.31% 2.23% 2.01% 1.68%1.46% 1.76% 2.80% 2.26% 1.44% 0.05% 0.04% 0.03% 0.08% 0.10% 0.09% 0.09% Dec-19 (Pre Covid) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Gross NPA% Net NPA% 38
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Sep-26 Description (Rs. Crore) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Opening NPAs 4,867 4,841 4,614 4,559 4,510 ADD: Gross additions 2,260 2,092 1,777 1,736 1,893 LESS: Recoveries and Upgrades (522) (518) (621) (623) (684) Net Addition to NPA 1,739 1,574 1,156 1,113 1,209 LESS: Write-offs (1,765) (1,801) (1,211) (1,162) (1,252) Closing NPA 4,841 4,614 4,559 4,510 4,467 Net Slippages ratio 2.8% 2.4% 1.7% 1.6% 1.6% NPA Movement 39
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Mar-26 2.69% 2.24% 2.05% 1.63% 1.53% 1.38% 1.92% 1.58% 1.45% 1.18% 1.13% 1.01% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Credit Cost to Average Loan Assets Credit Cost to Average Total Assets Average Credit Cost improved to 1.01% of Average Total Assets for Q2 FY27 • Q2FY27 provisions include Rs. 100 crore of standard asset provisions on FCNR(B)-backed loans. As these loans are backed by FDs, excluding these loans and the corresponding provisions, credit cost for the quarter would have been 1.30% on Average Funded Assets and 0.94% of Average Total Assets • The bank continues to hold contingency provision of Rs. 515 crore created on a prudent basis for macro and geopolitical uncertainties • Disbursements since January 2024 are CGFMU-covered, with coverage at 97% of total microfinance book as of September 30, 2026 40
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5. PROFITABILITY & CAPITAL
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Sep-26Balance Sheet *includes credit investments (Non-Convertible Debentures, PTC, SRs and Loan Converted into Equity) In Rs. Crore Sep-25 Jun-26 Sep-26 YoY Shareholders' Funds 46,490 48,651 49,445 6.4% Deposits 2,76,771 3,11,892 3,48,583 25.9% - CASA Deposits 1,38,583 1,58,492 1,65,963 19.8% - Term Deposits and Certificate of Deposits 1,38,189 1,53,399 1,82,620 32.2% Borrowings 40,781 41,384 53,956 32.3% Other liabilities and provisions 18,175 18,882 18,563 2.1% Total Liabilities 3,82,218 4,20,810 4,70,548 23.1% Cash and Balances with Banks and RBI 15,498 13,356 15,048 -2.9% Net Retail and Wholesale Loans & Advances* 2,62,692 3,01,731 3,43,353 30.7% Investments 86,189 88,004 94,882 10.1% Fixed Assets 2,583 2,545 2,581 -0.1% Other Assets 15,257 15,173 14,684 -3.8% Total Assets 3,82,218 4,20,810 4,70,548 23.1% 42
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Sep-26Half-yearly Income Statement • C:I ratio (excluding trading gains) improved by 335 bps to 70.4% in H1-FY27 from 73.8% in H1-FY26 • The bank continues to hold contingency provision of Rs. 515 crore created on a prudent basis for macro and geopolitical uncertainties • Incremental Cost to Income Ratio (excluding trading gains) for H1 FY27 is 55.0% In Rs. Crore H1 FY26 H1 FY27 Growth (%) YoY Interest Income 19,579 22,973 17.3% Interest Expense 9,533 10,816 13.5% Net Interest Income 10,046 12,157 21.0% Fee & Other Income 3,567 4,413 23.7% Trading Gain 551 193 -65.0% Operating Income 14,164 16,762 18.3% Operating Income (Ex. Trading gain) 13,613 16,570 21.7% Operating Expense 10,044 11,671 16.2% Pre-Provisioning Operating Profit (PPOP) 4,119 5,091 23.6% Pre- Provisioning Operating Profit (Ex. Trading gain) 3,568 4,898 37.3% Provisions 3,111 2,281 -26.7% Profit Before Tax 1,008 2,810 178.7% Tax 194 691 256.8% Profit After Tax 815 2,120 160.1% 43
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Sep-26Quarterly Income Statement • Net Interest Income increased sequentially by 4.5% excluding Interest on IT refund in Q1 FY27 • Operating Income (excluding trading gain) grew 21.9% YoY in Q2 FY27 as compared to 21.5% YoY growth during Q1 FY27 • C:I ratio (excluding trading gains) improved by 358 bps to 70.2% in Q2-FY27 from 73.7% in Q2-FY26 and 70.7% in Q1 FY27 • The bank continues to hold contingency provision of Rs. 515 crore created on a prudent basis for macro and geopolitical uncertainties • Q2FY27 provisions include Rs. 100 crore of standard asset provisions on FCNR(B)-backed loans. These loans are secured through FDs, excluding these, the provisions for the quarter declined by 9.3% QoQ In Rs. Crore Q2 FY26 Q1 FY27 Q2 FY27 Growth (%) QoQ Growth (%) YoY Interest Income 9,937 11,051 11,922 7.9% 20.0% Interest Expense 4,824 5,079 5,737 13.0% 18.9% Net Interest Income 5,113 5,972 6,184 3.5% 21.0% Fee & Other Income 1,836 2,128 2,285 7.4% 24.5% Trading Gain 56 181 11 -93.8% -79.8% Operating Income 7,004 8,282 8,480 2.4% 21.1% Operating Income (Ex. Trading gain) 6,948 8,100 8,469 4.6% 21.9% Operating Expense 5,124 5,729 5,942 3.7% 16.0% Pre-Provisioning Operating Profit (PPOP) 1,880 2,553 2,539 -0.5% 35.0% Operating Profit (Ex. Trading gain) 1,825 2,371 2,527 6.6% 38.5% Provisions 1,452 1,144 1,137 -0.6% -21.7% Profit Before Tax 428 1,409 1,402 -0.5% 227.3% Tax 76 334 357 7.0% 370.3% Profit After Tax 352 1,075 1,045 -2.8% 196.5% 44
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Sep-26NIM declined as average earning assets expanded due to FCNR (B) backed loans Day Convention: Q1: 91 days, Q2: 92 days, Q3: 92 days, Q4: 90 days Net interest margin moderated by ~32 basis points, from 5.90% in Q1FY27 (excluding interest on income tax refund) to 5.58% in Q2FY27 FCNR proposition is accretive for Net Interest Income ✓ Profit After Tax ✓ Return on Equity ✓ Earning per Share ✓ K E Y T A K E A W A Y S • On an overall basis, FCNR proposition is accretive towards Net Interest Income, PAT, RoE (FCNR is FD backed and no additional capital requirement) and EPS for the Bank, it is optically dilutive for the Net Interest Margins due to denominator effect on the Balance Sheet • NIM impact should not be seen in isolation as opex to asset and credit cost to asset also decline; as a result there would be very minimal impact of 2 bps on ROA in steady state NIM bridge and estimated recovery -16 bps -7 bps -4 bps -5 bps 7 bps 8 bps 7 bps 590 bps 558 bps 580 bps NIM Q1FY27 FCNR Loans Denominator Impact Excess Liquidity Drag Day Convention Asset Mix change NIM Q2FY27 Excess Liquidity Drag - Restores Day Convention Repo Hike benefit (Net) NIM Q4FY27 (Best estimate) 45
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Sep-26 Breakup of Fee & Other Income – H1 FY27 • 91% of the fee income & other income is from retail banking operations. • Fee to Average total assets stood at 2.06% for H1 FY27 compared to 2.00% for H1 FY26 • Fee to Average total assets stood at 2.03% for Q2 FY27 compared to 1.99% for Q2 FY26 General banking Fees & Others 20% Wealth Management Third Party Distribution 10% Trade & Client Fx 11% Credit Card & Toll 23% Loan Origination Fees 36% 46
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Sep-26 Volume linked expenses include collection cost, Risk Containment Unit cost, credit administration cost, DICGC premium, credit card reward cost, UPI & RTGS charges etc. Channel Sourcing expenses included commissions & charges paid to the channels. The Bank has incurred set up costs during the last 7 years and plans to leverage the same in the coming years. Composition of Operating Expenditure – H1 FY27 Employee Related Expenses 29% Channel Sourcing Expenses 19% Volume Linked Expenses 24% IT Expenses 10% Infra Related Expenses 6% Others 12% 47
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Sep-26 Overall Bank: Cost to Income Ratio Trend (Excluding Trading Gain) 95.1% 85.2% 76.9% 78.8% 77.8% 72.5% 72.9% 72.8% 73.5% 70.7% 70.2% Q2 FY19 H2 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 C:I ratio of FY26 for overall bank excludes the impact of fraud incident Improving cost to income ratio across business segments with scale In H1 FY27 Incremental Cost to Income ratio (ex trading gains) was 55.0% Cost to Income ratio (excluding trading gains) of the Bank improved 358 bps to 70.2% in Q2-FY27 from 73.7% in Q2-FY26 Pre-merger 48
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Sep-26 With the normalizing of the microfinance business, the C:I is improving gradually Assets Cost to Income ratio improving with normalcy in the microfinance segment Assets: Cost to Income Ratio Trend 59.7% 52.7% 53.2% 56.1% 59.2% 57.7% 56.5% FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 Based on applicable internal transfer pricing of the Bank 49
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Sep-26 Retail Liabilities: Cost to Income Ratio Trend Cost to Income ratio for Retail Liabilities came down from 226.5% to 136.9% C:I ratio of FY26 for Retail Liabilities excludes the impact of fraud incident | Based on applicable internal transfer pricing of the Bank • Bank has invested in developing the franchise (Branches, ATMs, Products, People, technology) for raising deposits over the years. • With growing CASA and retail deposits, the Bank is gradually sweating out this franchise to drive operating leverage, i.e. income growth is higher than the opex growth • As a result, The C:I ratio has come down from 226.5% to 136.9%. • We expect the trend to continue and reach 100% over the next 4-5 years. 226.5% 181.6% 196.7% 171.1% 146.1% 148.1% 136.9% FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 50
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Sep-26 Credit Cards: Cost to Income Ratio Trend Cost to Income ratio for Credit Card has improved from 240.0% to 77.5% in Q2 FY27 Based on applicable internal transfer pricing of the Bank Credit card business was set up in FY22, and the C:I ratio has come down from 240% to 80.4% by H1 FY27. We expect the same trend to continue and reach the mid-sixties in the next 4-5 years. 240.0% 164.6% 116.0% 99.8% 95.4% 83.6% 77.5% FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 51
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Sep-26 Profitability Jaws expanding by ~500 bps Operating expenses for Q4 FY26 excludes the impact of fraud incident of Rs. 646 crore Microfinance headwinds weighed on operating income, while technology-led efficiencies and cost discipline moderated opex growth. Δ592 bps 8.4% 12.9% 17.1% 21.5% 21.9% 12.5% 13.4% 12.3% 16.4% 16.0% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 YoY Growth of Operating Income (Excluding Trading Gains) YoY Growth of Operating Expenses With profitability jaw of over 500 bps, the incremental Cost to Income ratio for H1 FY27 is at 55.0% Δ511 bps Δ486 bps 52
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Sep-26 -1,944 -2,864 452 145 2,437 2,957 1,525 1,636 2,120 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1 FY27 Net Profit (Rs. Crore) Strong growth in profitability in H1 FY27 • The Asset Businesses (RAM & Wholesale Banking) have strong profitability even after factoring for provisions. • The Bank is investing the profits from lending business into building the deposit, rural and other businesses. • The Return on Assets (RoA) for H1FY27 stood at 0.99% and Return on Equity (RoE) stood at 8.72%, to improve with operating leverage and scale. • RoA for Q2FY27 stood at 0.93% and RoE stood at 8.45% Impact due to microfinance crisis • Profit after Tax (PAT) pertaining to Mar-26 includes the impact of the fraud incident reported during the Q4 FY26, excluding this PAT would be Rs. 2,119 crore in FY26. 53
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Sep-26 2.3% 3.0% 3.4% 4.4% 4.6% 4.1% 3.4% 3.6% FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1 FY27 Assets (Retail Loans, Credit Cards & Wholesale Banking) : Profitability Above numbers are based on internal transfer pricing of the Bank Rs. Crore Operating Profit as a % of Average Loan Book (Retail + Credit Cards + Wholesale) 1,04,565 1,02,663 1,12,734 1,42,483 1,80,927 2,20,143 Avg. Loan Book 3,09,270 2,61,033 54
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Sep-26 Retail Liabilities Business : Moving towards break even with scale and productivity • Being a new Bank, we had to invest in building branch infrastructure, people, digital platforms and other capabilities. • With increasing scale, Operating losses as % of Deposits continues to reduce, trend expected to continue. • Overall profitability of Bank to be positively impacted with breakeven of deposit business Based on internal transfer pricing of the Bank; Average Retail Liabilities includes deposits raised through retail banking & government banking group FY26 includes the impact of the fraud incident 23,225 55,992 69,620 91,615 1,37,269 1,89,426 Avg Retail Liabilities Operating Profit as % of Average Retail Liabilities Rs. Crore 2,70,213 2,36,528 55 -4.2% -3.0% -2.1% -1.8% -1.7% -1.2% -1.0% -0.7% FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1 FY27 55
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Sep-26Capital Adequacy Ratio * Sep-25, Jun-26 & Sep-26 includes profits for respective Quarter In Rs. Crore Sep-25 Jun-26 Sep-26 Common Equity * 44,716 47,341 48,410 Tier 2 Capital Funds 6,255 6,126 6,232 Total Capital Funds 50,972 53,467 54,642 Total Risk Weighted Assets 3,03,084 3,55,232 3,72,587 CET-1 Ratio (%) 14.75% 13.33% 13.00% Total CRAR (%) 16.82% 15.05% 14.67% 56
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Sep-26 15,257 18,159 15,343 17,808 21,003 25,721 32,161 38,078 47,352 49,445 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Bank’s net worth has increased consistently over the last 6 years Net Worth (Rs. Crore) Pre- merger 57
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Sep-26 44.82 38.43 37.98 31.90 31.37 33.78 38.86 45.49 52.00 55.05 57.34 Mar-18 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 BVPS grew from Rs. 31.37 to Rs. 57.34 since March 2021 Book Value Per Share (BVPS) reduced during the first few years after merger due to credit losses arising from legacy corporate and infrastructure loans Since Mar-21, the BVPS increased by 83% In Rs. 58
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Sep-26Shareholding Pattern Scrip Name: IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Total No. of shares 862.28 Cr Book Value per Share (September 30, 2026) Rs. 57.34 Basic EPS (Annualized H1 FY27) Rs. 4.91 Shareholding (September 30, 2026) 59 FDI/FPI/FC/FN (36.66%) MF/Insurance/Bank/FI /AIF (25.17%) Public (28.61%) President of India (7.73%) Other Body Corporate (1.51%) Trusts and Clearing Members (0.01%) Others (0.30%) 59
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Sep-26Bank’s Long Term Credit Rating Rating Agency Long Term Credit Rating CRISIL ICRA India Ratings CARE Ratings AA+ (stable) AA+ (stable) AA+ (stable) AA+ (stable) CRISIL AAA Fixed Deposit Rating International Rating S&P Global BBB- CARE Edge BBB- Ratings assigned in August 2026 Ratings upgraded during May - June 2023 and maintained thereafter Rating assigned in October 2024 and maintained thereafter INVESTMENT GRADE 60
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Sep-26ESG highlights at IDFC FIRST Bank Environment Social Governance ❖ Green Deposits: ₹2,766 Cr raised*; ₹1,563 Cr portfolio as of Sep’26 ❖ Clean Transportation: 80,000+ EVs financed in H1 FY27 ❖ Renewable Energy: Over ₹2,500 Cr portfolio in financing towards renewable energy as of Sep’26 ❖ Green Power: 5.6 lakh+ sq. ft. carpet area connected to green power ❖ ISO 14001 & 45001: for 15 large offices * Green Deposits raised from Jul’24 - Sep’26 | ^ Large offices > 50,000 sq. ft. Global Associations ❖ Financial Inclusion: ₹ 25,248 Cr live portfolio in rural financing (JLG, KCC, Agri, EWS and others) as of Sep’26 ❖ Women Borrowers: Over 1 Cr women borrowers across urban and rural lending as of Sep’26 ❖ Learning & Development: 14 lakh+ employee learning hours in H1 FY27 ❖ CSR Activities: 27,762 individuals impacted in H1 FY27 ❖ Volunteering: 6,073 hours of employee volunteering in H1 FY27 ❖ CSR and ESG Committee: Board- level Committee that meets quarterly on strategy and implementation ❖ Board Diversity: 20% of Directors, i.e., 02 are women ❖ Board Independence: ~70% of Directors, i.e. 07 are Independent Directors ❖ Policies: Board-approved ESG, GHG and Green Deposits Policies ❖ ISO 27001: certified Information Security Management FIRST ENSURE ( Enabling Sustainability Responsibly ) IDFC FIRST Bank’s unified ESG identity, integrating responsible business practices and strategic partnerships to drive measurable sustainability outcomes. Embed ESG as a core driver of responsible growth, risk resilience, and long-term value creation for IDFC FIRST BankESG Vision & Strategy IDFC FIRST Bank is an official supporter of the UN Global Compact, actively contributing to the UN SDGs. IDFC FIRST Bank is one of the first Indian banks to be a signatory to PCAF, committing to baseline and estimate financed emissions. IDFC FIRST Bank is a part of the BRICS Financial Services Working Group, supporting dialogues that promote sustainable finance and inclusive economic growth. 61
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Sep-26ESG Ratings & Recognitions Performance across Key ESG Ratings* 56 1000 S&P Global ESG Score 73 1000 CRISIL ESG Score 68 1000 NSE ESG Ratings C AF CDP Score AA AAACCC MSCI ESG Ratings Constituent Company under Emerging ESG Index FTSE4Good Index Series ESG Awards & Recognitions won by IDFC FIRST Bank *ESG rating scores updated as of Oct’26 Sustainability Impact Award (Jun 2026) UBS Forums Financial Institution in Green Energy - Gold (Feb 2026) Green Urja Awards Green Champion Award (Dec 2025) IGBC Product Innovation Award (WASH) - Silver (Oct 2024) Times Now Climate Awards Financial Inclusion Initiative of the Year: India (Jun 2024) ABF Retail Banking Awards Most ESG Responsible Banking Service (Dec 2023) The European Golden Peacock Award in ESG - National (Sep 2023) Institute of Directors India Best Green Banking Initiative (Oct 2025) Global Fintech Awards Green Infrastructure - Silver (Sep 2025) SKOCH ESG Award Green Visionary Award (Sep 2025) IGBC Outstanding Private Bank in Green Finance (Jan 2025) AFAI Indian Climate Awards 62
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Sep-26Awards and Recognition Digital & Retail Banking MSME & Financial Inclusion Overall Bank & Employer Best Digital Bank FE Best Banks Awards 2025 Best Digital Transformation Program Global Fintech Awards 2025 Mobile Banking & Payment Initiative of the Year Asian Banking & Finance Best CMS Bank of the Year Asian Banking & Finance Best Innovation in Retail Banking International Banker Awards Best Mobile Banking App 2024 CFI Digital Payments (2024-25) Ministry of Finance Best MSME Friendly Bank (Private) + Jury Special Award for Supporting MSMEs + Best Bank for Creating Awareness among MSMEs (Private Sector) Chamber of Indian Micro & Small Ent. Best Private Sector Bank Award 2025 M1 TReDS Exchange Excellence Achiever — Atal Pension Yojana APY Annual Felicitation Programme FY 2024-25 World's Best Banks 2025 Forbes & Statista India's Leading Private Bank (Mid) 2025 Dun & Bradstreet Best Mid-Sized Bank Award 2024 Mint ESG & Green Banking Sustainability Impact Award UBS Sustainability Summit & Awards 2026 Gold Award for Best FI in Green Energy ICC Green Urja Awards 2026 Green Champion Award IGBC Green Building Congress 2025 Best Green Banking Initiative Global Fintech Awards 2025 Silver Award for Green Infrastructure SKOCH ESG Awards 2025 Green Visionary Award IGBC Green Mumbai Summit 2025 Outstanding Private Bank in Green Finance AFAI Indian Climate Awards 2025 India Domestic Cash Management Bank of the Year + India Domestic Trade Finance Bank of the Year Asian Banking & Finance Wholesale Banking Awards 2026 Most Customer Friendly Bank India 2026 Capital Finance International (CFI) Best Innovation in Retail Banking India 2026 International Banker Award 63
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IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity.
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Annexure
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Sep-26 • Loan Book of Capital First as on 30 Sep 2018 was Rs. 26,994 crore and Off-Balance Sheet book of Rs. 5,629 crore. Loan Book of erstwhile IDFC Bank (Sep-18) was Rs. 55,020 crore • As of Sep-26, Loan Book (Rs. 3,38,929 Cr) and Credit Substitutes (Rs. 7,984 Cr) = Total Loan Assets of Rs. 3,46,913 Cr • Profitability numbers for Capital First and IDFC Bank are of H1 FY19, For IDFC FIRST Bank Dec-18 are of Q3 FY19; Sep-26 are of H1FY27 • NIM is Gross of IBPC & Sell-down for H1 FY27 (Sep-26 )| C:I excluding trading gains was 70.4% for H1 FY27 and 81.6% for Q3 FY19 Progress since merger BALANCE SHEETPROFITABILITY CAPITAL FIRST (30-Sep-18) IDFC Bank (30-Sep-18) Parameters (Rs. Crore) NIM % Core PPOP/Average Asset % Cost to Income % Gross NPA 8.2% 5.0% 47.5% 1.6% 1.6% 0.1% 92.4% 1.6% Loan Assets (Loan Book + credit substitutes) 32,623 75,332 Customer Deposit 0 36,369 Retail Deposit 0 9,008 CASA Deposit 0 6,253 CASA Ratio 0 13.0% Net Worth 2,928 14,776 (NBFC) (NBFC) (NBFC) (NBFC) Upon merger (31-Dec-2018) 3.1% 0.8% 82.2% 1.97% 1,04,660 38,455 10,400 5,274 8.7% 18,376 Now (30-Sep-2026) 5.8% 2.3% 69.6% 1.32% Change Since Merger 3,46,913 17% CAGR 3,41,415 33% CAGR 2,81,038 1,65,963 269 bps 150 bps -1,256 bps 65 bps 47.6% 5.5X 49,445 53% CAGR 56% CAGR 14% CAGR Net NPA 1.0% 0.6% 0.95% 0.40% 55 bps (Mar-18) (Mar-18) ASSET QUALITY 66
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Sep-26 0.54% 0.96% 1.27% 0.83% 1.50% 1.76% 0.54% 0.87% 1.26% 0.74% 1.69% 1.49% 0.56% 0.80% 1.07% 0.70% 1.32% 0.79% 0.56% 0.83% 1.04% 0.71% 1.35% 0.71% 0.59% 0.82% 1.00% 0.66% 1.49% 0.60% Mortgages Vehicles MSME Consumer Loans Credit Cards Microfinance business Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Product-wise SMA trend analysis (5 quarters) Product-wise SMA-1 & SMA-2 portfolio Above numbers are Gross of IBPC | Consumer loans include consumer durables, personal loans, digital loans and education loans | HL and LAP constitute Mortgages Loans ↓ 11 bps SMA-1 & 2 for overall RAM portfolio reduced from 0.77% in Jun-26 to 0.72% in Sep-26 STABLE IMPROVED RAM = Retail, Agri and MSME book Back 67
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Sep-26Product-wise GNPA trend analysis (5 quarters) Product-wise Gross NPA portfolio Above numbers are Gross of IBPC | Consumer loans include consumer durables, personal loans, digital loans and education loans | HL and LAP constitute Mortgages Loans 1.27% 1.72% 1.35% 1.81% 1.99% 7.76% 1.38% 1.61% 1.39% 1.45% 1.98% 5.00% 1.42% 1.63% 1.35% 1.30% 1.78% 4.72% 1.51% 1.74% 1.27% 1.14% 1.46% 3.61% 1.54% 1.68% 1.22% 1.15% 1.49% 2.54% Mortgages Vehicles MSME Consumer Loans Credit Cards Microfinance business Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Gross NPA for RAM portfolio improved from 1.40% as on Jun-26 to 1.24% as on Sep-26 (1.36% excluding FCNR loans) STABLE IMPROVED RAM = Retail, Agri and MSME book ↓ 107 bps Back 68
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Sep-26 0.72% 0.80% 0.57% 0.47% 0.56% 1.49% 0.77% 0.76% 0.64% 0.44% 0.58% 1.14% 0.74% 0.69% 0.59% 0.39% 0.44% 0.80% 0.74% 0.67% 0.50% 0.34% 0.40% 0.47% 0.74% 0.65% 0.48% 0.34% 0.42% 0.40% Mortgages Vehicles MSME Consumer Loans Credit Cards Microfinance business Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Product-wise NNPA trend analysis (5 quarters) Product-wise Net NPA portfolio Above numbers are Gross of IBPC | Consumer loans include consumer durables, personal loans, digital loans and education loans | HL and LAP constitute Mortgages Loans ↓ 07 bps Net NPA for RAM book improved from 0.52% as on Jun-26 to 0.47% as on Sep-26 (0.51% excluding FCNR loans) STABLE IMPROVED RAM = Retail, Agri and MSME book Back 69
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Sep-26 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 IDFC FIRST Bank Nifty Private Bank Index Rs. 72.30 23-Oct-2026 26,656.30 23-Oct-2026 IDFC FIRST Bank Limited 15,041.8NIFTY Private Bank Index 37.6 72.3 26,656.3 December 12, 2018 October 23, 2026 92.3% 77.2% % Change Price Movement Since Merger: IDFC FIRST Bank vs NIFTY Private Bank Index (%) Rs.18.15 Rs.99.20 Rs.37.60 Dec-12-2018 Merger date = Date of announcement to stock exchanges for receipt of NCLT approval & new management to take over 70
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Sep-26 • IDFC Limited was created in 1997 for financing infrastructure. • IDFC Bank was created by IDFC Limited, in 2016. • The loan book of IDFC limited was transferred to IDFC Bank at inception in 2016. • IDFC Bank had assets of Rs. 75,332 crore as of September 30, 2018, of which 86% was in wholesale loans. • IDFC Bank was looking to set up a deposit franchise and diversify into Retail Banking How IDFC FIRST Bank Was Created • Capital First was an NBFC created in 2012, focussed on MSME and retail loans through technology driven lending models. • It had grown its Assets under Management from Rs. 934 crore on March 31, 2010 to Rs. 32,623 crore on September 30, 2018. • It had a track record of growth, profits and asset quality. • Capital FIRST was looking for a commercial bank license to get a steady source of funding for its long-term growth. IDFC FIRST Bank was created through the merger of IDFC Bank and Capital First, on 11th December 2018, when all regulatory and legal approvals were received, announced to the public, and the new management took charge. 71
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Sep-26 Background: IDFC FIRST Bank was created by merger of IDFC Bank and Capital First IDFC Limited was created in 1997 for financing infrastructure. IDFC Bank Limited was formed as a part of demerger from its parent IDFC Limited on October 21, 2014. Capital First was an NBFC created in 2012, focussed on MSME and retail loans through technology driven lending models. 2012–13 2014–15 2015–16 2016–17 2017–18 IDFC Limited, then a non-banking finance company focused on infrastructure financing, applied to RBI for a banking licence. RBI granted in-principle approval to set up a bank within 18 months. IDFC Limited raised ₹1,000 Cr via QIP at ₹137/share. IDFC Bank Limited was incorporated on 21 Oct 2014. IDFC Bank was inaugurated by PM Narendra Modi on 19 Oct 2015. Began operations with 23 branches, corporate internet banking, and Aadhaar-enabled micro-ATMs. Acquired Grama Vidiyal Micro Finance to strengthen rural outreach. Opened its first North-East branch in Shillong. Launched IDFC Aadhaar Pay, India’s first Aadhaar-linked merchant payment solution. CASA reached ₹2,094 Cr; funded assets stood at ₹66,567 Cr (Mar'17). Featured in LinkedIn Top Companies 2017. Merger discussions with Shriram Group were explored but called off. Launched 100th branch; total 127 branches across 18 states. On 13 Jan 2018, announced merger with Capital First, subject to approvals. CASA reached ₹5,710 Cr; funded assets ₹70,099 Cr (Mar'18). 2012–13 Company operated mainly in Wholesale Financing, PE, Asset Management, FX, and Retail Broking. Total AUM was ₹935 Cr, of which Retail AUM was ₹94 Cr (10%). 2012–13 V. Vaidyanathan acquired equity stakes in company, concluded MBO, divested for Forex JV, merging the NBFC subsidiary, wound down non-core businesses, and launching tech-driven retail lending. Retail loan book crossed ₹700 Cr by Mar’11, becoming proof-of-concept for global PE investors. 2014–15 Continued engaging PE investors; further exited non-core subsidiaries; scaled retail financing. Retail book grew to ₹3,660 Cr (44% of AUM), validating the model. 2012–13 Secured ₹810 Cr equity from PE backing, enabling the MBO and creation of Capital First. Conducted open offer, raised ₹100 Cr fresh equity, reconstituted the Board, and launched the new brand. 2014–15 Raised ₹178 Cr equity at ₹153/share. Obtained HFC license from NHB and launched housing finance through a wholly-owned subsidiary. 2015–16 AUM reached ~₹12,000 Cr; customers financed crossed 10 lakh. Raised ₹300 Cr via QIP at ₹390/share from marquee investors. 2014–15 Featured in Business Today – India’s Most Valuable Companies, D&B India’s Top 500, and included in S&P BSE 500 Index. 2016–17 AUM reached ~₹20,000 Cr; customers financed crossed 4 million. Raised ₹340 Cr from GIC (Singapore) via preferential allotment at ₹712/share. Received several awards including CNBC Asia IBLA and ET Future Ready Companies. 2017–18 AUM touched ~₹27,000 Cr; customers crossed 6 million. Won ET Best BFSI Brand and VC Circle Financial Services Company awards. Announced merger with IDFC Bank in Jan 2018 (subject to approvals). 72
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Sep-26IDFC Bank – Financial Trends 445 2,094 5,710 6,426 Mar-16 Mar-17 Mar-18 Sep-18 CASA Deposits (Rs Cr) 2.0% 2.1% 1.7% 1.9% FY16 FY17 FY18 H1FY19 Net Interest Margin (%) 13,633 14,678 15,257 14,776 Mar-16 Mar-17 Mar-18 Sep-18 Networth (Rs Cr) *The bank took one-time provisions relating to stressed infrastructure loans. Without such one-time charge off, the PAT for H1 FY19 would be Rs. 81 Cr 9% 26% 20% 15% 90% 70% 69% 72%1% 4% 11% 13% 53,903 70,248 73,055 75,337 Mar-16 Mar-17 Mar-18 Sep-18 Loan Assets (Rs Cr) Others Wholesale Retail 407 1,020 859 (167)* FY16 FY17 FY18 H1FY19 Profit After Tax (Rs Cr) 6.0% 7.2% 5.7% FY16 FY17 FY18 H1FY19 RoE % 73
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Sep-26 Cost to income came down to <50% with scaling up of business 5 Year PAT CAGR of 56% Continuous Increase in Return on Equity (%) -15.7 -46.2 3.8 35 56 114 166 239 327 206 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H1-19 Strong growth in AUM 935 2,751 6,186 7,510 9,679 11,975 16,041 19,824 26,997 32,623 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Sep-18 Wholesale AUM Retail AUM Total AUM -2.1% -6.1% 0.5% 3.6% 4.9% 8.3%10.1%11.9%13.3%14.5% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H1-19 (Rs. Cr) Capital First – Financial Trends 128%115% 72% 74% 78% 80% 71% 59% 51% 51% 53% 48% FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H1-FY19 ~ 70 – 80% < 50% Market Cap grew 10X Stock Price increased 7x from Rs. 120 to Rs. 850 in 6 years 120.6 162.2 178.9 399.4 431.6 782.5 845.6 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Jan-18 1,174 902 782 1,152 1,478 3,634 3,937 7,628 8,282 6,096 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Jan-18 Mar-18 74
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Sep-26Board of Directors: MD & CEO Profile Vaidyanathan aspires to build “A World Class Bank in India with Principles of Ethical, Digital & Social Good”. He took over as the Managing Director and CEO of IDFC FIRST Bank in December 2018 on merger of erstwhile Capital First and erstwhile IDFC Bank. Previously, he worked with Citibank (1990-2000) and ICICI Bank (2000-2010), where he built a large retail banking division, expanding branches to 1,411, grew CASA and retail deposits to ₹ 1 trillion, and grew retail lending, including mortgages, auto loans, MSME and Rural banking to ₹1.35 trillion ($15bn). He was appointed to the Board of Directors of ICICI Bank in 2006 at age 38. He later served as MD and CEO of ICICI Prudential Life. Chasing an entrepreneurial opportunity, he left ICICI in 2010 to acquire equity stake in a small real-estate financing NBFC with a market cap of ₹780 crore ($89m), with an idea to convert it to a commercial Bank. He pledged his stock and home to raise funds, renamed the NBFC as Capital First. and transformed it by exiting real-estate financing and focusing on retail & MSME lending using tech-driven algorithms. He demonstrated the Proof-of-Concept to PE firms, raised ₹810 crore ($93m) in equity by 2012, recapitalized the company, and became Chairman and CEO." Capital First grew its retail loan book from ₹94 crore ($10m) in 2010 to ₹29,600 crore ($3.1b) by 2018, and served 7 million customers with high asset quality. The company turned around from losses of ₹30 crore ($3m) to profits of ₹358 crore ($37m) during this period. Its share price increased from ₹122 in 2010 to ₹845 in 2018, with market cap rose tenfold to ₹8,200 crore ($858m). In 2017, Vaidyanathan sold 1.5% of his personal stake in Capital First to repay the loan used to acquire his ownership. To secure a commercial banking license for Capital First, he merged it with IDFC Bank in 2018 and became the MD and CEO of IDFC FIRST Bank. Post-merger, the loan assets expanded to ₹ 3,46,913 crore ($36.3b) with significant growth in RAM (retail, agri and MSME) finance. Customer deposits increased from ₹38,455 crore ($4.0b) to ₹ 3,41,415 crore ($35.7b) between 2018 and 2026, while the CASA ratio rose from 8.7% to 47.6%, NIM (H1 FY27) at 5.79% with H1 FY27 PAT of ₹2,120 crore ($222m). He has been recognized by numerous awards including “Banker of the Year 2023” by leading Indian publication Financial Express, Ernst and Young "Entrepreneur of the Year" 2022 for Financial Services, "Entrepreneur of the Year" 2020 by CNBC Awaaz, "Most Inspirational Leveraged Management Buyout, India 2018" by CFI Awards, London, "Most Innovative Company of the Year" 2017 by CNBC Asia, "Entrepreneur of the Year 2016 and 2017" from Asia Pacific Entrepreneurship Award, "Most Promising Business Leaders of Asia" by Economic Times in 2016, Business Today - India's Most Valuable Companies 2016 & 2015, Economic Times 500 India's Future Ready Companies 2016, Fortune India's Next 500 Companies 2016. 75
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Sep-26Board of Directors CHAIRMAN MR. SANJEEB CHAUDHURI Chairman & Independent Director • Advisor to global organizations across Europe, the US and Asia. • Worked as Regional Business Head for India and South Asia for Retail, Commercial and Private Banking and Global Head of Brand and Chief Marketing Officer at Standard Chartered Bank. • Ex-CEO for Retail and Commercial Banking for Citigroup, Europe, Middle East and Africa. EXECUTIVE MR. PRADEEP NATARAJAN Executive Director • Has been in leadership positions since merger with Capital First in December 2018 • Has over 25 years of work experience across Capital First, Standard Chartered Bank, Religare, Macquarie and Dell. • helped to set up retail business in Capital First since inception. • Expertise in Business Development, Technology, Risk Analytics, Debt Management, Project Management, Customer Service, Marketing INDEPENDENT MR. AASHISH KAMAT Independent Director • Has over 32 years of experience in corporate world, with 24 years being in banking & financial services. • Was Country Head for UBS India, 2012-2018 • Previously, he was the Regional COO/CFO for Asia Pacific at JP Morgan in Hong Kong • Worked with Bank of America as the Global CFO for IB, Consumer and Mortgage Products INDEPENDENT MR. S. GANESH KUMAR Independent Director • Worked as Executive Director in RBI • Worked in RBI for more than 30 years • His key areas of operations included Payment and Settlement Systems, External Investments, managing foreign exchange reserve etc. • He had a key role in the establishment of NPCI, IFTAS, etc. INDEPENDENT MRS. PANKAJAM SRIDEVI Independent Director • 35 years of experience in domains such as banking, manufacturing and technology. • MD of Commonwealth Bank of Australia (India) from 2019 to 2024. • Held various global positions for the ANZ Banking Services group. • active leader in representing industry forums like CII, NASSCOM, BCIC, Anita Borg Institute and India Inclusion Forum in India INDEPENDENT MR. UDAY BHANSALI Independent Director • Was President - Financial Advisory for Deloitte Touche Tohmatsu India LLP and a member of other entities in Deloitte from 2015 to 2024. • Was Executive Director in Kotak Mahindra Capital Company • Executive VP in General Electric Company. • Over 20 years of experience in Arthur Andersen & Co (now Accenture Plc) at multiple positions. INDEPENDENT MR. SUDHIR KAPADIA Independent Director • Has over three decades of vast experience in advising Indian and Global Multi-National Companies on their tax strategies and efficiencies • Was the Tax & Regulatory services Leader and a Board member at EY, India and KPMG, India • former President and a permanent invitee of the Board of Bombay Chamber of Commerce and Industry, is a member of the CII National Committee on MNCs INDEPENDENT MS. MATANGI GOWRISHANKAR Independent Director • Experience business & human resources professional with over four decades of experience in senior leadership roles in business and HR, both in India and overseas. • Worked with large multinational corporations, in diverse sectors like Banking, IT, Financial services, Manufacturing etc. • actively involved in coaching and mentoring senior leaders NON-EXECUTIVE MR. NARENDRA OSTAWAL Non-Executive Non-Independent Director • He is a Managing Director and leads Warburg Pincus’s investment advisory activities in India. • Joined Warburg Pincus in 2007 and since then has been working with the firm’s Indian affiliate. • Prior to joining Warburg Pincus, Mr. Ostawal was an Associate with 3i India and McKinsey & Company. 76
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Sep-26 This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contractor commitment therefore. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “proforma”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) material changes in the regulations governing our businesses; (b) the Company's inability to comply with the capital adequacy norms prescribed by the RBI; (c) decrease in the value of the Company's collateral or delays in enforcing the Company's collateral upon default by borrowers on their obligations to the Company; (d) the Company's inability to control the level of NPAs in the Company's portfolio effectively; (e) certain failures, including internal or external fraud, operational errors, systems malfunctions, or cyber security incidents; (f) volatility in interest rates and other market conditions; and(g) any adverse changes to the Indian economy. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify, regroup figures wherever necessary or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. Disclaimer 7777
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Thank You