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Independent Auditor's Review Report on Review of Unaudited Quarterly Financial Results of Ujjivan Small Finance Bank Limited pursuant to the Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 To , The Board of Directors Ujjivan Small Finance Bank Limited Koramangala Bengaluru 1. We have reviewed the accompanying statement of unaudited financial results ( " the Statement " ) of Ujjivan Small Finance Bank Limited ( " the Bank " ) for the half year ended September 30 , 2021 being submitted by it pursuant to the requirement of Regulation 33 of SEBI ( Listing Obligation and Disclosure Requirements ) Regulations , 2015 , as amended . 2. This Statement , which is the responsibility of the Bank's management and approved by Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard 25 " Interim Financial Reporting " ( " AS 25 " ) prescribed under section 133 of Companies Act , 2013 ( " the Act " ) read with relevant rules issued thereunder and other accounting principles generally accepted in India . Our responsibility is to issue a report on the Statement based on our review . 3. We conducted our review of Statement in accordance with the Standard on Review Engagement ( SRE ) 2410 , " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India . A review of Interim Financial Information consists of making inquiries , primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit and accordingly , we do not express an audit opinion . 4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards prescribed under Section 133 of the Act , read with relevant rules issued thereunder or by the Institute of Chartered Accountants of India and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended including the manner in which it is to be disclosed , or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the Reserve Bank of India in respect of income recognition , asset classification and provisioning and other related matters . 5. Emphasis of matter : Attention is drawn to Note 8 to the Statement which describes the impact of the Covid - 19 Pandemic on the Bank's operations and financial position , including the credit quality and 1 Page AMADHYA CO . LLP BANGALORE - 55 Cha Chartered M.CHITALE MUMBAI Accountants MUKUND Chartered Accountants CO