#1Investor Presentation Q4-FY23 | MARCH 2023 April 24, 2023 IndusInd Bank#2IndusInd Bank at a Glance 5th Largest Private Bank with Disproportionately Large Distribution Network *2,89,924 crs Loans * 3,36,120 crs Deposits Diversified Across Products and Geographies 34 mn Customers Across Segments III Universal Banking Approach with Diversified Loan & Deposit Mix 54:46 Loan Mix Retail VS Wholesale ال 6,491 Group Network Pan India 40% CASA Stable Low-cost Deposits Innovative Digital Approach Overall Digital Transaction Mix at 93% Strong Domain Expertise Long Vintage across Cycles Vehicle Finance 26% of the Loan Book Micro Finance 11% of the Loan Book Gems & Jewellery 4% of the Loan Book Robust Balance Sheet with Strong Capital Adequacy & Contingency Buffers 17.86% CRAR Tier 1: 16.37% | Tier 2: 1.49% 123% Average LCR Well above regulatory requirement 71% PCR GNPA 1.98% | NNPA 0.59% Strong Profitability amongst highest in the Industry 4.28% Net Interest Margin 44.93% Cost to Income 2 5.60% Operating Profit Margin to Loans IndusInd Bank#3Key Outcomes for Q4FY23 & FY23 2 3 ما 5 6 Continued momentum on retailisation of deposits ■ Retail deposits as defined by LCR grew by 19% YoY & 4% QoQ Share of retail deposits as defined by LCR improved to 43% from 41% YoY Loan growth acceleration driven by retail businesses ◉ ☐ Retail loans grew by 7% QoQ improving share of retail loans at 54% Corporate growth driven by Mid & Small corporate at 7% QoQ and Large corporate at 5% QoQ Core fee momentum remains robust ☐ ☐ Core fee income grew by 27% YoY & 8% QoQ during Q4FY23 Contribution of retail consumer banking fee for Q4FY23 at 74% of total fee income Asset quality outcomes broadly in-line with the communication Restructured book reduced to 0.8% of loans Credit cost for Q4FY23 at 142bps vs 156bps in Q3FY23 Scaling-up new initiatives Affluent deposits at Rs. 42,900cr grew by 23% YoY NRI deposits at Rs.34,300cr grew by 28% YoY Accelerating digital 2.0 with planned launches & scale-up of existing initiatives Maintaining healthy profitability & sustainability metrics Consistent improvement in return ratios with Q4FY23 ROA at 1.90% and ROE at 15.26% FY23 Net profit at Rs.7,443cr (up 55% YoY) and EPS at Rs.96 with healthy Capital Adequacy Ratio of 17.86% 3 IndusInd Bank#4Key Financial Highlights for Q4 FY23 Balance Sheet Loans *2,89,924crs Deposits *3,36,120 crs CASA *1,34,728crs Term Deposits *2,01,392crs Total Assets *4,57,837crs 21% YoY 6% QoQ 15% YoY 3% QoQ 7% YoY 1% QoQ 20% YoY 7% QoQ 14% YoY 3% QoQ Net Interest Income Total Fee Income Profit & Loss *4,669 crs *2,154crs Revenue *6,823 crs Operating Profit *3,758 crs Net Profit *2,043 crs 17% YoY 4% QoQ 13% YoY 4% QoQ 16% YoY 4% QoQ 11% YoY 2% QoQ 46% YoY 4% QoQ Net Interest Margin Return on Assets Return on Equity Cost to Income Net NPA Key Ratios 4.28% 1.90% 15.26% 44.93% 0.59% 8 bps YoY 1 bps QoQ 39 bps YoY 3 bps QoQ 334 bps YoY 3 bps QoQ 234 bps YoY 102 bps QoQ 5 bps YoY 2 bps QoQ 4 IndusInd Bank#5Consolidated Balance Sheet In crs Capital & Liabilities Q4 FY23 Q4 FY22 Y-o-Y (%) Q3 FY23 Q-0-Q (%) Capital 776 775 775 Reserves and Surplus 54,229 47,252 15% 52,109 4% Deposits 3,36,120 2,93,349 15% 3,25,278 3% Borrowings 49,011 47,323 4% 47,284 4% Other Liabilities and Provisions 17,701 13,268 33% 19,039 (7%) Total 4,57,837 4,01,967 14% 4,44,485 3% Assets Cash and Balances with RBI 42,975 60,198 (29%) 54,158 (21%) Balances with Banks 13,802 8,387 65% 11,073 25% Investments 83,076 70,930 17% 76,174 9% Advances 2,89,924 2,39,052 21% 2,72,754 6% Fixed Assets 2,078 1,929 8% 2,006 4% Other Assets 25,982 21,471 21% 28,320 (8%) Total 4,57,837 4,01,967 14% 4,44,485 3% 5 IndusInd Bank#6Consolidated Profit and Loss Account - Q4 & 12M FY23 In Crore Q4FY23 Q4FY22 Y-O-Y (%) Q3FY23 Q-0-Q (%) 12M FY23 12M FY22 Y-O-Y (%) Net Interest Income 4,669 3,985 17% 4,495 4% 17,592 15,001 17% Other Income 2,154 1,903 13% 2,077 4% 8,173 7,345 11% Total Income 6,823 5,888 16% 6,572 4% 25,765 22,346 15% Operating Expenses 3,065 2,509 22% 2,885 6% 11,346 9,311 22% Operating Profit 3,758 3,379 11% 3,686 2% 14,419 13,035 11% Provisions & Contingencies 1,030 1,461 (30%) 1,065 (3%) 4,487 6,602 (32%) Profit before Tax 2,727 1,918 42% 2,622 4% 9,932 6,433 54% Provision for Tax 684 517 32% 658 4% 2,489 1,628 53% Profit after Tax 2,043 1,401 46% 1,964 4% 7,443 4,805 55% 6 IndusInd Bank#7Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 7 IndusInd Bank#8Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 8 IndusInd Bank#9Well Diversified Loan Book across Consumer and Corporate Products Loan Book Mix (*crs) (crs) 2,39,052 2,47,960 2,60,129 2,72,754 2,89,924 Consumer Banking Mar-23 % Vehicle Finance 75,243 26% 46% 46% 47% 47% 46% Commercial Vehicle 28,171 10% Utility Vehicle 9,029 3% 54% 54% 53% 53% 54% Small CV 3,459 1% Two-Wheeler 4,774 2% Mar-22 Jun-22 Sep-22 ■Consumer Banking Dec-22 Mar-23 Car 10,571 4% Tractor 9,372 3% ■Corporate & Commercial Banking Equipment Financing 9,867 3% Non-Vehicle Finance 48,316 17% Small Corporates Mid Size Corporates 16% 5% Business Banking 13,845 5% (*crs) Loan Against Property 9,640 3% Vehicle Finance Corporate Banking Mar-23 % Large Corporates 74,340 26% Large Corporates Mid Corporates 46,374 16% 25% Small Corporates 13,436 5% Total Advances 1,34,150 46% 26% Credit Card 8,395 3% Personal Loans 5,351 2% Merchant advances 4,033 1% BL, AHL, Others Microfinance 7,052 2% 32,215 11% Non Vehicle Retail Microfinance 11% 17% Total Advances 1,55,774 54% 6 IndusInd Bank#10Vehicle Finance: Granular Portfolio Across Vehicle Categories Overview of Vehicle Finance Division 35+ Years of Vintage Across Credit Cycles Market Leader in Most Products Amongst Top 3 Nimbleness of an NBFC With Dedicated Network Nationwide Presence Diversified Across States Vehicle Finance Loan Book (*crs) 71,665 67,167 64,583 61,923 Diversified Vehicle Loan Book across Vehicle Categories (%) Two Wheelers 6% Small CV 5% Focus on Business Owner Segment Utility Vehicle 12% Strong Collateral Coverage Throughout the Loan Cycle 75,243 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Tractor 13% Construction Equipment 13% Car 14% Disbursements (*crs) CV 37% 12,713 12,516 10,664 22% YoY 9,986 10,078 25% YoY 5% QoQ 10 10 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 (2)% QoQ IndusInd Bank#11Microfinance: Bridging the Financial Inclusion Gap 2nd Largest Micro Finance Lender 10mn Women Customers 1.37 Lacs Villages covered across 21 States Tech/Data driven Risk Management District/Branch level Monitoring 110K+ Active Bharat Money Stores Banking at doorstep in remote areas 594K+ Merchants (loan clients) Addressing the MSME banking needs 11 Micro Finance Loan Book (*crs) 32,215 30,612 29,403 29,617 29,688 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Average Ticket Size (*) 32,453 29,738 29,275 27,852 29,089 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 5% YoY 9% QoQ 17% YoY 11% QoQ IndusInd Bank#12Corporate Portfolio - Focus on Granular, Higher Rated Customers Corporate Loan Book (*crs) 1,34,150 1,27,010 1,21,766 1,14,429 1,09,463 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Improving Risk Profile * BB+ & Below BBB-, BBB, BBB+ A-, A, A+ AA-, AA, AA+ AAA 23% YoY 23% 22% 22% 22% 24% 25% 24% 24% 6% QoQ 27% 26% 28% 27% 22% 24% 22% 23% 4% 4% 4% 4% Stressed telco at 1% Jun-22 Sep-22 Dec-22 Mar-23 Diversified Fee Mix Q4FY23 Sector Sector-wise Loan Mix (% of Total Loans) NBFCs (other than HFCS) Real Estate - Commercial & Residential Q4 FY23 Investment Banking 4.49% 6% 4.34% Gems and Jewellery 4.22% Loan Steel 2.42% Power Generation - Non Renewable 2.40% Processing 32% Food Beverages and Food processing 1.70% Road Projects (Operational) 1.69% Petroleum & Products 1.48% Power Generation - Renewable 1.45% Services 1.30% Others 20.79% Corporate Banking 46.27% Consumer Banking 53.73% Total 100.00% 12 * Includes fund and non-fund based exposure to corporate clients Other Cross sell 1% Foreign Exchange 24% Trade & Remittances 37% IndusInd Bank#13Non-Vehicle Retail Loans - Risk Calibrated Growth Strategy Business Banking (*crs) 13,845 12,839 12,512 11,892 12,203 Mar-22 Jun-22 Sep-22 Dec-22 Credit Cards (crs) 7,714 7,098 6,478 5,880 Mar-23 8,395 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Loan Against Property (crs) 9,640 9,502 9,248 8,817 9,009 16% YoY 8% QoQ Mar-22 Jun-22 Dec-22 Mar-23 Sep-22 Other Retail Loans 9% YoY 1% QoQ 16,436 14,336 12,720 43% YoY 11,855 57% YoY 10,464 9% QoQ 13 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 15% QoQ IndusInd Bank#14Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 14 IndusInd Bank#15Deposit Growth Driven by Granular Retail Deposits; Building Stable Low-Cost Deposit Book Deposits (*crs) 3,36,120 3,15,532 3,25,278 3,02,719 2,93,349 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 4.60% 4.79% Cost of Deposits (%) 5.81% 5.47% 5.10% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 * Retail deposits and deposits from small business customers as defined by LCR as at period end. Retail Deposits Retail Deposits as per LCR (*crs)* Share of Retail Deposits (%) 41% 43% 42% 41% 41% 15% YoY 19% YoY 1,20,509 3% QoQ 1,24,105 1,37,968 1,29,990 1,43,021 4% QoQ 121bps YoY 34bps QoQ 15 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Key Focus Areas Expanding branch network Focus on target market segments ☐ Growth driven by retail customer acquisitions Scaling up new businesses - Affluent and NRI Leverage BFIL for rural customers ☐ Building Merchant Acquiring Business ☐ Digital Partnerships & Alliances Innovative service propositions Executing Digital 2.0 with planned Individual and SME launches IndusInd Bank#16Healthy Share of CASA; Strong Liquidity Profile CASA CASA (*crs) Share of CASA % CA Share of CA % CA (*crs) 43% 42% 42% 40% 15% 15% 43% 12% 12% 14% 50,007 50,600 44,157 1,25,333 1,30,508 1,33,525 1,36,379 39% YoY 1,34,728 36,507 35,265 7% YoY Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 SA (crs) SA Share of SA % 28% 27% 25% 30% 31% 95,243 88,826 89,368 86,372 84,128 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 1% QoQ 5% YoY 3% QoQ 16 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Liquidity Coverage Ratio (%) 127% 124% 125% 117% 123% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 1% QoQ IndusInd Bank#17Borrowings Constituted by Long Term Sources Borrowings (*crs) Borrowings (Cr) % of Total Liabilities 11% 11% 12% 10% 10% ----- 49,011 47,284 41,812 40,673 47,323 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Borrowings Mix (%) Short-Term FCY (less than 12 months) 5% Tier 2 Bonds 6% Long-Term FCY 26% Infrastructure Bonds 3% AT1 Bonds 3% Refinance from Development Finance Institutions 57% 17 IndusInd Bank#18Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Strong Liability Franchise Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 18 IndusInd Bank#19Strong Product Groups with Efficient Capital Deployment LC-BG Mix Low RWA Consumption (*crs) Notional Amount Risk Weighted Assets 11,85,631 LC-Sight 4% 0.6%# 1.4%# 77,411 11,169 25,000 Derivatives + FX Contracts + LC and Guarantees Options #CRAR consumption Below investment grade 4% LC-BG Rating Profile Cash Backed 11% Secured by Counter Guarantees of Corresponden t Bank Above investment grade 78% *Stressed telecom contributes 1% 7% LC - Usance 17% Performance Guarantees 41% Financial Guarantees 38% FX-Derivatives Exposure Type One of the largest treasuries in Indian banks with best-in-class risk management systems Robust framework for measurement of risks through Client Suitability Tests, VaR, PV01, Stop- loss limits, MTM of marketable portfolios, Exposure limits, etc. Exposures predominantly to public sector, cash backed transactions and strong sponsors Others Counterparties Exposure against Banks (Non Collateralised) 6% 19 25% Counterparties with Collateralised Arrangements (CSA) 20% Central Counterparty (Guaranteed Settlements) 49% IndusInd Bank#20Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 20 20 IndusInd Bank#21Yield Cost Movement 9.20% Segment-wise Yield: Corporate Banking 12.02% Consumer Banking Total Q4FY23 5.81% 4.92% 8.99% 11.75% Q3FY23 5.47% 4.72% Yield on Assets Yield on Advances Cost of Deposits Cost of Funds Q4FY23 Q3FY23 Outstanding (*crs) 134,150 Yield (%) 8.89% Outstanding (*crs) Yield (%) 1,27,010 8.57% 155,774 14.68% 1,45,744 14.50% 289,924 12.02% 2,72,754 11.75% •Yield on Assets/Cost of funds are based on Total Assets/Liabilities 21 IndusInd Bank#22Diversified and Granular Fee and Other Income Streams In crs Q4FY23 Q4FY22 Y-0-Y(%) Q3FY23 Q-o-Q(%) Trade and Remittances 200 198 201 Foreign Exchange Income 269 233 15% 249 8% Cards and Distribution Fees 714 470 52% 619 15% General Banking Fees 237 209 13% 248 (4%) Loan Processing Fees 636 504 26% 604 5% Investment Banking 31 28 11% 20 52% Total Core Fee Income 2,087 1,642 27% 1,941 8% Securities/MM/FX Trading/Others 67 261 (74%) 136 (51%) Total Other Income 2,154 1,903 13% 2,077 4% Fee Income Mix 74% CONSUMER BANKING 23% CORPORATE BANKING 3% TRADING & OTHER INCOME 22 22 IndusInd Bank#23Operating Profit Margins Amongst the Highest in Industry Net Interest Margin (%) 4.20% 4.21% 4.24% 4.28% 4.27% Total Fee to Asset Ratio (%) 1.9% 1.9% 1.9% 1.9% 1.9% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Cost to Income Ratio (%) 43.4% 42.6% 43.9% Operating Profit Margin (%) 5.8% 5.7% 43.9% 44.9% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 23 23 5.7% 5.7% 5.6% 3.6% 3.5% 3.5% 3.5% 3.5% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 ■% of Average Loans % of Average Assets IndusInd Bank#24Key Financial Indicators Return on Assets (%) 1.73% 1.51% 1.80% 1.87% 1.90% Return on Equity (%) 14.45% 15.23% 15.26% 13.44% 11.92% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Earning Per Share - Annualized (*) Net Worth (crs) 105.4 101.3 47,265 48,186 93.2 45,817 84.2 72.3 50,686 52,848 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 24 24 IndusInd Bank#25Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning G Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 25 25 IndusInd Bank#26Movement in Non-Performing Assets Q4FY23 Q3FY23 In crs Corporate Consumer Total Corporate Consumer Total Opening Balance 1,869 3,842 5,711 2,251 3,316 5,567 Fresh Additions 264 1,339 1,603 119 1,348 1,467 -from Standard 82 1,162 1,244 80 1,055 1,135 -from Restructured 182 177 359 39 293 332 Deductions 63 1,424 1,487 501 822 1,323 -Write-offs 569 569 314 481 795 -Upgrades 47 181 228 71 104 175 -Recoveries * 16 674 690 116 237 353 Gross NPA 2,069 3,757 5,826 1,869 3,842 5,711 Net NPA 1,715 1,681 % of Gross NPA 1.98% 2.06% % of Net NPA Provision Coverage Ratio (PCR) Restructured Advances 0.59% 0.62% 71% 71% 0.84% 1.25% *Q4 FY23 Sale to ARC is Rs. 278 crs (Q3 FY23 Sale to ARC is Nil crs) 26 IndusInd Bank#27NPA Composition - Consumer Banking (*crs) Q4 FY23 CV Utility CE Small CV TW Cars Tractor Gross NPA 311 29 86 57 352 53 161 BBG/LAP HL/PL/Others Cards 797 256 206 MFI Total Gross NPA % 1.10% 0.32% 0.87% 1.63% 7.17% 0.50% 1.71% 3.32% 1.39% 1,449 3,757 2.39% 4.32% 2.37% Q3 FY23 CV Utility CE Small CV Gross NPA 597 38 176 75 TW 368 Gross NPA % 2.21% 0.46% 1.88% 2.21% 7.54% Cars Tractor BBG/LAP 65 171 814 0.64% 1.86% 3.56% HL/PL/Others 226 1.56% Cards MFI Total 159 1,153 3,842 2.03% 3.75% 2.60% 27 27 IndusInd Bank#28Loan Related Provisions held as on March 31, 2023 ☐ Specific provision of 4,041 crs for non-performing accounts(towards PCR) Floating provisions of 70 crs (towards PCR) ☐ Standard contingent provisions of 1,900 crs surplus outside PCR ☐ Standard asset provisions of ₹1,313 crs other than contingent provisions Provision Coverage Ratio at 71% and total loan related provisions at 126% of GNPA Loan related provisions of ₹7,324 crs are 2.5% of the loans 28 IndusInd Bank#29Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 29 29 IndusInd Bank#30Healthy Capital Adequacy Capital Adequacy 31 Mar 23 31 Dec 22 2,76,259 8,199 15.96% 16.06% I CET1 Ratio (%) 15.97% 16.01% 15.93% III In crs Credit Risk, CVA and UFCE 2,85,986 Market Risk 8,639 Operational Risk 42,411 38,026 Total Risk Weighted Assets 3,37,036 3,22,484 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Core Equity Tier 1 Capital Funds 53,668 51,639 Additional Tier 1 Capital Funds 1,490 1,490 CRAR (%) Tier 2 Capital Funds 5,030 4,956 18.42% 18.14% 18.01% 18.01% 17.86% Total Capital Funds 60,188 58,085 CRAR CET1 Tier 1 Tier 2 17.86% 18.01% 15.93% 16.01% 16.37% 16.47% 1.49% 1.54% 30 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 IndusInd Bank#31Shareholding Pattern and Credit Ratings Private Corporates. 4.95% NRIs/ Director/ Others 1.96% Individuals 7.31% Fils 38.73% * Includes FPIS Diversified Shareholding GDR issue 8.18% Promoters 15.15% MFs/Banks/ Insurance Co 23.72% 31 Credit Ratings Domestic Rating: ☐ CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds CRISIL AA for Additional Tier 1 Bonds program CRISIL A1+ for certificate of deposit program / short term FD programme IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research IND AA for Additional Tier 1 Bonds program by India Ratings and Research International Rating: Ba1 for Senior Unsecured MTN programme by Moody's Investors Service IndusInd Bank#32Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team Ę 32 IndusInd Bank#33Disproportionately Large Distribution Network with Unparalleled Rural Presence Distribution Network with Deep Rural Presence Strengthening Distribution Infrastructure Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Particulars 2022 2022 2022 2022 2023 ~34 mn Customer Base ~1,37,000 Villages Covered Branches/Banking Outlets 2,265 2,286 2,320 2,384 2,606 BFIL Branches 2,795 2,836 2,978 3,176 3,303 Vehicle Finance Marketing 816 817 805 792 582 6,491 Group Network TJ' 2,878 ATMs Outlets (IMFS) ATMs 2,767 2,783 2,807 2,894 2,878 Geographical Breakdown of Branches Urban 656 25% Rural 596 23% Metro 794 Semi 30% Urban 560 22% 33 Regional Breakdown of Branches Southern 640 25% Western 485 19% Central 340 13% Eastern 532 20% Northern 609 23% IndusInd Bank#34Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy 34 Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning ESG - Core to the Business Philosophy Experienced Board and Management Team IndusInd Bank#35Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Digital transaction intensity continues to grow and more and more of existing business moving digital 2 Drive Superior Customer Experience and Engagement 93% of transactions processed digitally 30% YoY growth in IndusMobile MAU* 60% YoY growth in mobile txn. volumes 66% YoY growth in IndusAssist MAU 30% QoQ growth in IndusMerchant Solutions MAU །། 76% of service requests processed digitally IndusMobile App Rating 4.2# & 4.5# 88% YoY growth (Q4 FY'22 vs Q4 FY'23) in mobile txns. 33% YoY growth in Whatsapp Banking Registered Base Transform existing lines of businesses 98% of savings accounts opened digitally 29% of savings accounts digitally unassisted 94% of mutual funds sourced digitally 97% of credit cards sourced digitally 100% of life insurance sourced digitally 86% of non life insurance sourced digitally 79% of personal loans sourced digitally 66% of current accounts opened digitally 50% of Small Business Banking (upto 2 cr exposure) sourced digitally 62% of Retail Forex digital via indusforex = MAU Monthly Active Users. ** #= Android (Play Store) Rating: 4.5 and iOS (App Store) Rating: 4.2 Digital Unassisted refers to customer initiated and Do It Yourself led % from retail customers (excluding clients of Bharat Financial and Vehicle Finance Division) IndusInd Bank#36Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Direct platform led business continues to grow at a robust pace 3 Create scalable, profitable Do It Yourself / Open Banking led business models Do It Yourself (DIY) Direct Platform led Business: Assets grew 496% YoY, Liabilities grew 44% YOY DIY Savings Account with VKYC Indus Indus DIY Current Account with Ceasy CREDIT Ceasy CREDIT VKYC Indus Ceasy CREDIT DIY SA Vol (indexed) DIY Cards Vol (indexed) DIY PL Vol (indexed) 566 DIY CA Vol (indexed) 1902 DIY STBL Vol (indexed) 2038 1.4x 146 1027 5.6x 100 19x 20x 10.2x 100 100 100 100 FY'2022 FY'2023 FY'2022 FY'2023 FY'2022 FY'2023 FY'2022 FY'2023 Q4 FY'22 Q4 FY'23 36 IndusInd Bank#37Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Open Banking led business models continue to show robust growth Create scalable, profitable Do It Yourself / Open Banking led business models Open Banking / BaaS led business: Digital Partnerships AUM (Assets + Liabilities) grew 3.7X YOY IndusInd API Stack • 125+ APIs • Cloud Native Secure with token management, authorisation and authentication mechanism High scalability and resiliency by design 6+ Partners live • Aggregators Fintechs Payment Banks . Payment Service Providers • 10+ in pipeline 37 Use Cases: • KYC/On-boarding Decision as a Service Documentation Push • Deposit management Multiple products: Indexed Client Acquisitions 100 Personal loans Fixed Deposits Credit Cards Consumer Finance Robust governance framework: 1.8 ✗ 176 Q4'22 Q4'23 Indexed AUM KYC Customer Consent & Data Privacy 3.7 • Data localization X 372 Information Security Digital Lending Guidelines • Grievance Redressal Business Continuity 100 Mar'22 Mar'23 IndusInd Bank#38User growth on Digital applications continues to show robust growth IndusMerchantSolutions awarded Best Merchant Acquirer of the Year Indus Mobile THE ALL IN ONE BANKING APP Mobile Banking Indus MERCHANT SOLUTIONS Indus Mobile Monthly Active Users Growth YoY indexed values Indus Merchant App went live with its offering for 6+ lacs Bharat Super Shop Merchant (BSS) Monthly active users growing strongly 54% QoQ +30% 100 130 Monthly Active Users (Indexed) 54% 154 100 Q4 FY'22 Q4 FY'23 Q3'23 Q4'23 38 38 Indus MERCHANT SOLUTIONS Awarded Best Merchant Acquirer of the Year at the 10th Payments Industry Awards, 2023 IndusInd Bank#39Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups G Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning Healthy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy ESG - Core to the Business Philosophy Experienced Board and Management Team 39 IndusInd Bank#40ESG highlights for Q4 of FY23 Business SOP for Risk Sharing Partnerships Approved Standard Operating Processes to streamline guarantee-backed exposures with Development Finance Institutions Platform to support Women Entrepreneurs (WE) Business Plan, Branding and Partnerships for WE finalised Pre launch Equity Raise event for WEs conducted Risk!!!! Industry Reports and Checklists Domain experts have created severe impact industry reports and checklists that have been incorporated into the ESG assessment of clients in their respective industries SOP for ESMS process Developed a standard operating process to smooth and streamline the process for loans covered under ESMS (Environmental and Social Risk Management System) Operations Sustainability section of Website Revamped The new and improved sustainability section of the website is up-to-date with the latest sustainable banking initiatives, the latest integrated report, the bank's current rating and reporting standings, and policies Employee Volunteering Portal Launched an employee volunteering portal that allows employees to choose volunteering activities based on their interests and skill sets, along with many other features 40 40#41Key Strengths of the Bank Diversified Loan Book with Domain Expertise in Livelihood Loans Robust Liability Franchise Strong Product Groups Heathy Capital Adequacy Disproportionately Large Distribution Network Executing Digital 2.0 Strategy 41 Profitability amongst the Highest in Industry Stable Asset Quality with Conservative Provisioning ESG - Core to the Business Philosophy Experienced Board and Management Team IndusInd Bank#42Board of Directors with Varied Expertise Name Mr. Sunil Mehta Mr. Shanker Annaswamy Dr T T Ram Mohan Mrs. Akila Krishnakumar Mr. Rajiv Agarwal Mr. Sanjay Asher Mrs. Bhavna Doshi Mr. Jayant Deshmukh Mr. Pradeep Udhas Mr. Sumant Kathpalia Nature of Directorship Non-Executive, Non- Independent, Part-time Chairman Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Managing Director & CEO Special Knowledge /Expertise Banking, Financial services, Insurance and Investment. Information Technology, Human Resource, Risk Management and Business Management Banking, Finance, Economics and Risk Management. Information Technology, Payments & Settlement Systems, Human Resource & Business Management Small Scale Industry Law and Accountancy Accountancy and Risk Management. Agriculture and Rural Economy and Cooperation. Finance, Information Technology and Business Management. Banking and Accountancy, Risk Management and Business Management Prior Experience Was on the board of all AIG companies in India, Held various senior positions at Citibank, Independent Director on the Board of State Bank of India,, Non- Executive Chairman of Punjab National Bank, Non-Executive Chairman of YES Bank Previously, MD of IBM India Private Limited, President and Chief Executive Officer for GE Medical Systems, South Asia, MD of Wipro-GE Medical Systems, served on the Boards of various councils and associations Retd. Professor of Finance & Economics at IIM Ahmedabad, Previously, Divisional Manager, Tata Economic Consultancy Services, Head of Strategy, Standard Chartered Bank, India, Vice President Bear Stearns, Hong Kong, and Head of Research, Birla Marlin Securities Previously, President - Global Technology at SunGard - a Fortune 500 Company and a global leader in Financial Services Software. One of the Founder- Promoters of Mindtree Ltd. (since divested). Promoter in several small-scale ventures, primarily manufacturing concerns with 38 years of experience in 'Small Scale Industries' segment, Presently, a Senior Partner with M/s Crawford Bayley & Co., one of India's oldest Law Firm. Specializes in the fields of M&A, cross-border M&A, joint ventures, private equity and capital markets Previously, Partner at KPMG India, Served on various Committees of Institute of Chartered Accountants of India (ICAI) Previously, Director of Agriculture, Maharashtra State, Held many important positions in the Department of Agri, Maharashtra Currently senior advisor to KPMG India Chairman and CEO. Previously, Senior Partner at KPMG India, which he co-founded 27 years ago. Held various senior positions including Global roles in KPMG Career banker with years of rich experience in large multi-national banks such as Citibank, Bank of America and ABN AMRO. 42 IndusInd Bank#43Experienced and Well-knit Management Team Name Designation Mr. Sumant Kathpalia Managing Director & CEO Exp (Yrs) 31+ Mr. Arun Khurana Deputy CEO 29+ Mr. Sanjeev Anand Mr. Bijayananda Pattanayak Mr. A. G. Sriram Mr. Soumitra Sen Head Consumer Finance - Gems & Jewellery Head Corporate, Commercial, Rural & Inclusive Banking Head 30+ - Head Commercial Banking, ABN AMRO Bank (India) 36+ 30+ Prior Experience Career banker with years of rich experience in large multi-national banks such as Citibank, Bank of America and ABN AMRO Regional Head Corporate Solutions Asia-Pacific Markets of RBS Singapore Managing Director and Member, Global Management Team IDGJ of ABN AMRO Multiple roles across Credit, Operations and Sales including leading Construction and Commercial Vehicle Segment. Head - Consumer Banking & Marketing 31+ Leadership positions at ABN AMRO Bank NV, RBS, Deutsche Bank AG & Nestle Mr. Samir Dewan Head - Affluent Banking & International Business 26+ Mr. Siddharth Banerjee - Head Global Markets and FIG 26+ COO - Private Banking, Asia at RBC, leadership positions with Bank of America, ANZ, and ABN AMRO. Various position at HSBC, Deutsche Bank, HDFC Bank, ABN AMRO NV, and ANZ Bank - Mr. Rana Vikram Anand Head Pan Bank Liability Group, Customer Service & Synergy 31+ CEO at Cointribe (leading fintech), Various leadership positions at ABN AMRO Bank NV, ANZ & RBL Mr. Gobind Jain Chief Financial Officer 30+ Joint President Group Account & MIS, Kotak Mahindra Bank; held prior positions at ICICI Bank, Bank of America, Bank Internasional Indonesia and RBI Mr. Ramaswamy Meyyappan Chief Risk Officer 29+ Chief Risk Officer at JP Morgan Chase Bank NA, Mumbai - Mr. Ramesh Ganesan Head Technology and Corporate & Global Market Operation 31+ Executive Director, ABN AMRO Bank (India) Mr. Zubin Mody Chief Human Resources Officer 29+ - Head HR, ICICI Lombard General Insurance Company Limited Mr. Anil M. Rao - Head Consumer Operations & Solution Delivery 27+ Various positions at ABN AMRO Bank, RBS and Bank of America Mr. Anish Behl - Head Wealth & Para Banking 26+ Executive Director, Bancassurance - Asia at ABN AMRO Bank NV Mrs. Charu Sachdeva Mathur Ms. Roopa Satish Head- Digital Banking & Strategy (Existing Business) 16+ Financial services and telecom advisory at Boston Consultancy Group (BCG) - Head Portfolio Management & CSR 29+ - Head Mid Markets (Western Region), ABN AMRO Bank (India) Mr. Jyoti Prasad Ratho - Head Inspection & Audit 33+ Was associated with YES Bank as Senior Group President & Country Head Internal Audit.. Managed multiple roles in area of Audit & Governance, Risk and Controls. - Mr. Murlidhar Lakhara Chief Compliance Officer 27+ Has worked with Bank's like RBI, ABN AMRO NV, Deutsche Bank and First Rand Bank in the Compliance domain, prior to joining Indusind Bank in 2017. Mr. Indrajit Yadav Head Investor Relations and Strategy 14+ Has been with IndusInd Bank since 2013, prior to 2013 he was associated with Nomura India and with Cognizant. 43 IndusInd Bank#44Planning Cycle 5 Update & Outcome 44 IndusInd Bank#45PC-5 Strategy Broad Themes Strategy Planning Cycle 5 (2021-23) Scale with Sustainability Leapfrog Digital Banking Fortifying Liabilities Scaling up Domains of Expertise Investing in New Growth Engines Conservative & Robust Practices 45 IndusInd Bank#46Scale with Sustainability: Improved Across Sustainability Metrics FY20: 3.15x FY23: 2.77x Lower Non-Funded to Funded Ratio FY20: 63% FY23: 71% PCR >65% FY20: 102% FY23: 86% Credit to Deposit Ratio <95% CRAR FY20: 15.04% FY23: 17.86% Unsecured Retail <5% FY20: 4.3% FY23: 4.8% 46 Certificates of Deposits 5%-10% FY20: 16% FY23: 3% Retail LCR Deposits 45%-50% FY20: 31% FY23: 43% IndusInd Bank#47PC-5 Strategic Priorities 5. 1. Retail Liabilities Surge 2. New Growth Boosters Fine-tuning Corporate Bank Underpinned by Approach Digitization & Sustainability 4. Scaling up Domains 3. Holistic Rural Banking 42 47 IndusInd Bank#481 Retail Liabilities Surge: Progressed towards Building Robust Retail Deposit Franchise Robust Deposit Growth Driven by Retail & CASA Increased Share of Retail Deposits Continued Investment in Distribution Network ~74% of incremental deposits from retail & CASA (Rs in crore) Retail Deposit as per LCR (% of Total Deposits) Number of Branches (#) 35,145 3,36,120 | 18,515 43% 80,434 41% 18% 37% CAGR 2,02,026 31% 2,606 2,265 2,015 1,911 Others Deposits (Mar-23) Mar-20 Mar-21 Mar-22 Mar-23 Deposits Retail LCR CASA* (Mar-20) Deposits *excludes CASA considered as part of Retail LCR Deposits Scaled up New Initiatives (Rs. in crore) ■Mar-20 ■Mar-21 ■Mar-22 ■Mar-23 42,939 23,175 19,506 34,220 Mar-20 Mar-21 Mar-22 Mar-23 Reduced Dependency on Certificate of Deposits Reduced Concentration of Deposits Certificate of Deposits % of Deposits 15.8% 2.8% 3.1% 3.2% Top-20 Deposits as % of Total Deposits 23% 22% 17% 16% In Affluent Deposits NRI Deposits Mar-20 Mar-21 Mar-22 Mar-23 Mar-20 Mar-21 Mar-22 Mar-23 48 IndusInd Bank#494.0% 2.0% 0.0% Q1FY18 Q2FY18 Q3FY18 2 Improved Rating Profile Corporate Book Rating Fine-tuning Corporate Banking Approach: Scaling Granular Franchise with Lower Risk Intensity AAA 19% 22% AA-, AA, AA+ 15% A & above 63% 24% A & above 73% A-, A, A+ 29% 27% BBB-, BBB, BBB+ 31% BB+ & Below 6% Mar-20 23% 3% Mar-23 Includes fund and non-fund based exposure to corporate clients Corporate Book: No Material Surprises Corporate Slippages - Trailing 4 Quarters Standard book slippages (exc. restructured) Gross slippages (incl. restructured) 40% 30% 20% 10% 0% 1.0% 0.4% -10% Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 49 49 -20% Q4FY19 Q1FY20 Q2FY20 Granular Fee Mix Corporate Fee Mix 5% Investment Banking 34% 35% Trade & Remittances 25% 20% FX 25% 39% ■Loan Processing Fees 16% FY20 FY23 Steadily Pivoting towards Growth after Rebalancing Corporate Loan Growth - YoY% Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 23% IndusInd Bank#503 Holistic Rural Banking: Leveraging Deep Rural Distribution Rural Focused Loans Tractor ■ КСС BFIL Agri Business Group 17% of Loans 16% CAGR FY20 FY21 FY22 Bharat Money Stores (# '000) 15 51 86 98 FY23 110 FY20 FY21 FY22 FY23 SA and RD Accounts in Microfinance (#mn) 6.3 5.3 19% of Loans 50 FY20 FY21 14.1 10.4 FY22 FY23 Merchants Acquired by BFIL (# '000 Borrowers) 6 79 | 325 595 FY20 FY21 FY22 FY23 Deposits Rs.2,300cr + Merchant Loans Rs.4,000cr + IndusInd Bank#514 Scaling Up Domains: Recovery in Growth following Asset Quality Outperformance Domains Contributes 42% of Loan Book Others 58% Vehicle Finance 26% BFIL 12% Diamond Finance 4% BFIL Loan Book (Rs in crore) 35,209 31,813 25,507 22,428 Mar-20 Mar-21 Mar-22 Mar-23 GNPA & restructured book lower than industry during pandemic 51 Vehicle Finance (Rs. in crore) 75,243 61,313 61,923 57,054 Mar-20 Mar-21 Mar-22 Mar-23 Gems & Jewellery Finance (Rs. in crore) 12,017 10,780 8,355 7,369 Mar-20 Mar-21 Mar-22 Mar-23 Asset quality outperformance across vehicle categories • No Restructuring No NPA No SMA1 & SMA2 IndusInd Bank#525 New Growth Boosters: Continued Scaling up PC-4 and PC-5 Initiatives Affluent Banking (Rs. in crore) Net Relationship Value 28% CAGR 50,903 32,076 67,371 59,935 FY20 FY21 FY22 FY23 NRI Banking (Rs. in crore) Deposits 21% CAGR 34,220 25,706 26,801 19,506 FY20 FY21 FY22 FY23 Affordable Housing (Rs. in crore) 13% CAGR 1,974 1,790 1,872 1,313 FY20 FY21 FY22 FY23 52 52 Tractor Finance (Rs. in crore) 26% CAGR 9,372 7,907 6,653 4,670 FY20 FY21 FY22 FY23 Merchant Advances - BFIL (Rs. in crore) 376 10 1,943 4,033 FY20 FY21 FY22 FY23 IndusInd Bank#53PC-5 Outcome vs Expectation Parameter Loan Growth CAGR CASA Ratio Planning Cycle 5 (2021-23) PC-5 Ambition Outcome 15%-18% > 40% 17% 40.1% Revenue Growth Exceed Balance Sheet Growth 13% vs 12% PPOP / Loans Branch Network > 5% 2,500 5.7% 2,606 Customer Base Double to >45mn 34mn IndusInd Bank#54Planning Cycle 6 Strategy 54 IndusInd Bank#55PC-6 Key Themes Strategy Planning Cycle 6 (2023-26) Market Share with Diversification 3G: Growth, Granularity, Governance 1 Continuing Retailisation Journey 2 Diversifying Domains Key Themes 3 Scaling Sub-scale Businesses 4 Accelerating Digital 2.0 5 Imbibing ESG into Business 55 IndusInd Bank#56PC-6 Strategy 3G Growth Granularity Governance • DELIVERING MARKET SHARE WITH DIVERSIFICATION 99 56 IndusInd Bank#571 Continuing Retailisation Journey: Multipronged Strategy in Place Continue increasing share of retail deposits Share of Retail Deposits as per LCR 31% FY20 43% FY23 45%-50% FY26B Ramping-up Customer Acquisition via phygital Strategy # Customers 34mn FY23 50mn+ FY26B Investing in bank branch network # Bank Branches 2,606 1,911 FY20 FY23 3,250-3,750 FY26B *Bank branches including banking correspondents and excluding BFIL 440 57 A Multipronged strategy in place to progress towards building granular retail deposit franchise Strengthening the Core Business Branch Network Expansion Market Share Gain in Home Markets SKY (Digital) Branches to boost productivity Leveraging Inter BU Synergies B • C Continue Scaling New Initiatives Affluent Banking NRI Banking SME Banking/Business Owner Segment Rural Banking Invest to Boost Growth Community Banking Merchant Acquisition (Digitally enabled offering for enterprise merchants) Agency Business Digital initiatives focused on individuals, SMEs etc Green Liability Products IndusInd Bank#582 Diversifying Domains: Market Leadership with Diversification • Vehicle Finance Division Maintain or Improve Market Position Across Vehicle Categories Inclusive Banking - BFIL Evolving from Microfinance to Micro Banking Gems & Jewellery An Approach to Community Banking Participating in the cyclical momentum in vehicle demand Ramping-up sourcing via existing large branch & dealer network Financing used-vehicle & affordable housing segments Scaling-up Indus Easy Wheels platform • Rural recovery to drive JLG growth albeit within conservative underwriting approach Diversifying BFIL with 30%-40% loan book originating from non-JLG products . Scaling-up Merchant Acquisition business • . Capturing entire echo-system via community banking approach • Funding entire value chain of existing clients New products: Individual loans, Two- wheeler loans, Affordable housing loans Specialized product offering such as wealth management, Branded diamond salary accounts Financing businesses across globe via GIFT city 58 IndusInd Bank#593 Scaling Sub-scale Businesses: Bolstering Growth with Diversification Mortgage Backed Loans Complete mortgage offerings with launch of Home Loan Retail Mortgages LAP Affordable Housing Home Loan Scale-up in PC-6 MSME Multichannel & multiproduct strategy to address the unique needs of MSMEs SME Business Banking Supply Chain Finance Agri MSMEs Business Loans Nano Retailers (BSS Merchant offering via BFIL) 59 • • • Existing Initiatives Gaining Market Share in PC-5 Initiatives Affluent Banking Making Pioneer a 'Brand of Choice' with service excellence Expanding HNI & UHNI offering with launch of Affluent Private Leveraging GIFT city for innovative product offering NRI Banking Ramping up NR Branches End-to-end NR Digital Bank Expanding geographies via GIFT city Merchant Loans - BFIL Leveraging BFIL's rural expertise and distribution network Scaling existing offering via higher geo penetration Adding collateralized loans to bolster growth IndusInd Bank#604 Accelerating Digital 2.0 via Dedicated Digital Business Unit Building efficient / profitable digital bank catering to needs of Individual and MSME clients חם Individual Segment IndusEasy credit led Personal Loan and Credit Cards growth Scaling online savings portal with focus on NTB acquisition Accelerating Digital 2.0 with launch & scale-up of INDIE SME Segment Merchant acquisition via IndusMerchant Solutions DIY VKYC enabled CA platform to drive acquisition Scaling digital business loans through launch of new products (NTB + OD facility) Digital Partnerships Focus on few partners & deep strategic alliances Partnerships framework in- place to enable new propositions Compliance at core in every partnership 60 60 IndusInd Bank#615 Sustainability Driven Growth: Imbibing ESG into with Business Environment Social Governance Climate Finance: Growing share of Climate & Transition finance in loan book New Products: Introducing innovative ESG linked products across business units Carbon Neutrality: Targets for Emission Reduction adopted across operational units with aim for Carbon Neutrality by 2032 Inclusive Banking: Scaling microfinance book creating wide impact on bottom of the pyramid segment Product launches: Launch of specialized Programs for social inclusion & positive impact (Healthcare, Women, Education) Human Resources: Work towards becoming an Employer of choice with improved Diversity & Inclusion quotient Board level ESG Committee overseeing bank- wide ESG related initiatives Key Management KRAs to include commitment to ESG principles & targets Independent 3rd Party Assurance of Bank's ESG Loan Portfolio, Liability Products & GHG Emissions Integration of ESG Risk with Credit Risk, Monitoring of Severe ESG Risk Industry Exposures & Climate Risk policy formulation 61 IndusInd Bank#62PC-6 Expected Outcome Resulting in Planning Cycle 6 (FY 2023-26) Loan Growth Retail Loan Mix Retail Deposits as per LCR PPOP / Loans Branch Network Customer Base 62 62 18%-23% 55%-60% 45%-50% - 5.25% 5.75% 3,250 - 3,750 > 50mn IndusInd Bank#63Awards & Accolades 63 IndusInd Bank#64IndusInd Bank#65Awards and Accolades C Kubota Andina Bank #1 FINANCIER For Two Consecutive Years FY21 & FY22) 'Escorts Kubota Ltd' Escorts Kubota Ltd. recently awarded IndusInd Bank - TFE Team for being the Number 1 Financier for 2 consecutive Financial years 65 65 Congratulations 'Bharat FinTech Summit 2023' IndusInd Bank won the Best CIO award at the recently concluded Bharat FinTech Summit 2023. IndusInd Bank#66Disclaimer This presentation has been prepared by IndusInd Bank Limited (the "Bank") solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. This presentation may not be copied, distributed, redistributed or disseminated, directly or indirectly, in any manner. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person in any jurisdiction, including India and the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Any person placing reliance on the information contained in this presentation or any other communication by the Bank does so at his or her own risk and the Bank shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained herein. 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. Further, past performance is not necessarily indicative of future results. This presentation is not a complete description of the Bank. This presentation may contain statements that constitute forward-looking statements. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially include, among others, future changes or developments in the Bank's business, its competitive environment and political, economic, legal and social conditions. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates in the form as it has been disclosed in this presentation. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. The accuracy of this presentation is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. This presentation is not intended to be an offer document or a prospectus under the Companies Act, 2013 and Rules made thereafter, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended or any other applicable law. Figures for the previous period/year have been regrouped wherever necessary to conform to the current period's/year's presentation. Total in some columns/rows may not agree due to rounding off. Note: All financial numbers in the presentation are from Audited Financials or Limited Reviewed financials or based on Management estimates. 66 IndusInd Bank