#1Co 40 16 C July 21, 2022 Investor Presentation Q1 FY 23 RBL BANK apno ka bank#2Disclaimer By attending the meeting / telephonic call where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by RBL Bank Limited (the "Company") for use in presentations by the Company at analyst and investor meetings and does not constitute a recommendation regarding the securities of the Company. 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 herein. Neither the Company nor any of its advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Neither the Company nor any of its advisors or representatives is under any obligation to update or keep current the information contained herein. The information communicated in this presentation contains certain statements that are or may be forward looking. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Any investment in securities issued by the Company will also involve certain risks. There may be additional material risks that are currently not considered to be material or of which the Company and its advisors or representatives are unaware. 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ALL FIGURES IN THIS DOCUMENT ARE IN INR CRORE UNLESS MENTIONED OTHERWISE; 1 CRORE = 10 MILLION apno ka bank | RBL Bank 2#3Glossary and Key Notes BC Bps BVPS AEPS Aadhaar Enabled Payment System INR Indian Rupee Agri Agribusiness Banking ΠΙΡΟ Initial Public Offering ΑΡΙ Application Programming Interface MF Mutual Funds ATM Automated Teller Machine Mn Million Business Correspondent NFB Non Fund Based Basis Points Book Value Per Share NIM NNPA C&IB Corporate & Institutional Banking INPA CAGR Compounded Annual Growth Rate PCR Provision Coverage Ratio CASA Current Account and Savings Account Q1 Net Interest Margin Net Non Performing Assets Non Performing Assets 3 month period ended June 30( April 1 - June 30) CB Commercial Banking Q2 3 month period ended September 30( July 1 - September 30) CBDT Central Board for Direct Taxes Q3 CC Credit Card Q4 CEO Chief Executive Officer QoQ CET1 Core Equity Tier 1 H1 Cr Crore 9M CRAR Capital to Risk Weighted Assets Ratio RBI CSR Corporate Social Responsibility RoA 3 month period ended December 31( October 1 - December 31) 3 month period ended March 31(January 1 - March 31) Quarter on Quarter 6 month period ended September 30( April 1 - September 30) 9 month period ended December 31( April 1 - December 31) Reserve Bank of India Return on Assets FICC Fixed Income, Currency and Commodity RoE FPI Foreign Portfolio Investor RWA Risk Weighted Assets FY 12 month period ended March 31 SLR Return on Equity Statutory Liquidity Ratio GNPA Gross Non Performing Assets UPI G-Sec Government Securities US Unified Payments Interface United States GST Goods and Services Tax VCF Venture Capital Funds HUF Hindu Undivided Family YOY RBL RBL Finserve Ltd. WCF Finserve RVF Rural Vehicles Finance PCR Year on Year Working Capital Finance Provision Coverage Ratio NM Not Meaningful apno ka bank | RBL Bank 3#4RBL Bank Q1 FY23 Snapshot Improving Financial Metrics ■ NIM at 4.4% Other Income 37.4% of Total Income ■ Core Fee Income: Rs. 531 crore Annualised RoA : 0.8% ■ Diversified Advances with Growing Retail ■ Total Advances of Rs. 60,270 crore ■ 51:49 Retail:Wholesale Mix ■ Diversifying Retail Mix Credit Cards: 23% of advances Microfinance: 6% of advances Building Niches in Housing Loans, Rural Vehicles & Small Business Loans: 5% of Advances Growing Granular Deposits ■ Total Deposits of Rs. 79,216 crore ■ Total Deposits grew 6% YoY ■ CASA grew 14% YoY ■ CASA ratio at 36.0% ■ Retail Deposits (as per LCR definition) grew 6% YoY to 39.7% ■ Cost of Deposits 4.8% for Q1 Healthy Capitalisation and Liquidity Levels ■ CRAR improved 70bps QoQ to 17.5% and CET 1 at 16.0% ■ Issued US$ 100mn Tier 2 Notes to US DFC Average LCR at 149% for the quarter Improving Asset Quality ■ GNPA reduced 32bps sequentially to 4.08%; NNPA reduced 18 bps to 1.16% ■ Net Slippages at Rs. 273 crore ■ PCR at 72.5% ■ Net Restructured Advances at 2.35% Continued Increase in customer base and distribution network ■ Customer base at 11.30 mn increase of 0.15 million QoQ ■ Distribution network of 502 branches, 417 ATMs and 1302 BC branches/Banking Outlets apno ka bank | RBL Bank 4#5Q1 FY23 Key Financial Highlights Advances Rs. 60,270 crore Healthy Balance Sheet 7% YoY' Flat QoQ Wholesale Advances Rs. 29,756 crore 22% YoY 4% QoQ Deposits Rs. 79,216 crore 6% YoY Flat QoQ CASA Rs. 28,526 crore 14% YoY 2% QoQ NII Rs. 1,028 crore Growing Profitability Core Fee Income Rs. 531 crore 6% YOY ▲ 7% YoY NIM 4.4% CASA 36.0% Improving Financial Flat YoY 234 bps YoY Ratios apno ka bank | RBL Bank Net Revenue Rs. 1,641 crore 1% YoY Profits Rs. 201 crore (Loss of Rs. 459 crore in Q1 FY22) NNPA 1.16% 86 bps YoY PCR 72.5% 1158 bps YoY 5#6Key Drivers Well Diversified Advances; leading market share in Credit Cards Strong Liability Franchise; Increasing reliance on granular Retail Deposits Improving Financial Metrics; Increased focus on Profitable Growth of Balance Sheet Improving Asset Quality with Prudent Provisioning Healthy Capital Adequacy; Fresh issue of Tier 2 Notes to US DFC Growing Distribution Network with 502 Branches and 1302 BC/BOS Digital Initiatives led Growth Experienced Board and Leadership Team apno ka bank | RBL Bank 6#7ආ Well Diversified Advances Co#8Well Diversified Advances Advances by Segment (%) 49.4% 50.6% ■Wholesale ■ Retail Retail Advances Breakup (%) -3.2% 5.3% 8.4% 24.7% • . 83.3% of Wholesale Exposure is to A- or better rated customers Wholesale Exposure is well diversified across industries with top 10 industries accounting for only 28.7% of total exposure Bank is 5th largest Credit Card issuer in India with 5% market share in Cards in Force Microfinance Lending is well diversified across geographies with top 5 states accounting for 60% of total microfinance advances Increasing Focus on Housing Loans, Vehicle Finance and other retail 12.3% 46.0% ■Business Loans Credit Cards Housing Loans ■ Agri apno ka bank | RBL Bank ☐ Microbanking ■ Others 8#9Advances Mix; Wholesale Drives YoY Growth Yield June 30,2022 June 30,2021 YOY Proportion Q1FY23 C&IB 23,111 18,464 25% 6.6% CB 6,645 5,992 11% (6.7%) 49% Wholesale 29,756 24,456 22% Business Loans 7,547 10,103 (25%) Credit Cards 14,036 12,039 17% Micro-Banking 3,753 5,881 (36%) Housing Loans 2,563 1,550 65% 15.2% (14.8%) 51% Retail Agri 1,624 1,160 40% of which RVF 423 49 762% Others 990 1.338 (26%) Retail 30,514 32,071 (5%) Q1FY22 yields in brackets Total 60,270 56,527 7% apno ka bank | RBL Bank 9#10Borrower's External rating Profile June 30, 2021 51,313 March 31, 2022 58,147 8,925 17.4% 11,246 19.3% June 30, 2022 59,163 11,240 19.0% 30.1% 15,449 A- or better A- or A- or 19,065 32.8% better 21,236 35.9% better 77.6% 81.6% 83.3% 15,431 30.1% 17,115 29.4% 8,577 16.7% 15.5%** 8,254 14.2% 12.7%** 2,932 5.7% 2.8%* ** 2,467 4.2% 1.9% ** External Ratings External Ratings AAA A-, A,A+ 16,825 28.4% 7,974 1,889 13.5% 3.2% External Ratings 12.7% ** 1.9% ** AA, AA, AA+ BBB-, BBB, BBB+ BB+ & Below *Based on standard exposures; Unrated external ratings are mapped basis internal ratings ** Based on facility ratings apno ka bank | RBL Bank Exposure in Rs. crore 10#11Diversified Industrial Concentration Top 10 Industry* Industry NBFC (ex. HFC & DFI) Power Construction Retail/ Distribution HFC Metals Engineering Oil and Gas Pharma Auto * As of June 30, 2022 based on actual outstanding Outstanding FB+NFB Exposure % of Outstanding FB+NFB FB-NFB Split Exposure 3,503 100:0 4.5% 2,643 57:43 3.4% 2,541 29:71 3.2% 2,366 70:30 3.0% 2,332 100:0 3.0% 2,109 65:35 2.7% 1,910 50:50 2.4% 1,846 0:100 2.4% 1,630 71:29 2.1% 1,598 84:16 2.0% Non Fund Based Book Particulars June 30, 2022 Guarantees 11,079 Letter of Credit, Acceptances, Endorsements and other Obligations 5,503 apno ka bank | RBL Bank June 30, 2021 9,743 March 31, 2022 10,608 ' 5,070 5,608 11#12Strong Liability Franchise Co#13- CASA & Total Deposits Healthy Growth YoY 14% YoY growth in CASA ; Total deposits grew by 6% YoY CASA 33.7% CASA 25,071 CASA 35.3% CASA 27,879 79,007 apno ka bank | RBL Bank 74,471 CASA 36.0% CASA 28,526 79,216 14.6% 15.4% 12.8% 20.7% 20.6% 20.9% 66.3% 64.7% 64.0% June 30, 2021 Term Deposits March 31, 2022 Savings Account June 30, 2022 ■Current Account 13#14Deposits, Liquidity and Cost Trends Declining Cost of Funds and Cost of Deposits 11.46% 11.22% 11.62% 11.31% 11.26% 12.22% 11.22% 5.76% 5.54% 5.27% 5.10% 4.82% 4.81% 4.87% 5.71% 5.45% 5.20% 5.01% 4.76% 4.75% 4.84% Dec 31, 2020 March June 30, 31, 2021 2021 Sep 30, 2021 Dec 31, 2021 March 31, 2022 June 30, 2022 Yield on Advances -Cost of Funds Cost of Deposits Surplus Liquidity Position 12,376 11,984 14,993 16,553 12,762 15,858 17,716 171% 164% 154% 134% 155% 146% 138% 149% 80% 90% 90% 100% 100% 100% 100% 100% Sep 30, Dec 31, March June 30, Sep 30, Dec 31, March June 30, 2020 2020 31, 2021 2021 2021 31, 2022 2021 2022 -LCR Requirement -LCR maintained Surplus Liquidity (Rs. crore) CASA Ratios Share of Retail Deposits 24,413 27,236 29,505 31,421 27,889 30,717 31,415 31.1% 31.8% 35.4% 33.7% 34.4% 36.0% 35.3% 36.0% 33.7% 29.5% 29.4% 31.2% 31.9% 33.3% 41.6% 39.6% 38.9% 39.7% 37.2% 37.9% 36.3% Dec 31, 2020 March June 30, Sep 30, Dec 31, 31, 2021 2021 2021 March 2021 31, 2022 June 30, 2022 Dec 31, 2020 March 31, 2021 -CASA Ratio Average CASA Ratio apno ka bank | RBL Bank June 30, Sep 30, Dec 31, 2021 2021 March June 30, 2021 31, 2022 2022 Retail to Total Deposits Retail Deposits as per LCR (Rs. crore) 14#15Improving Financial Metrics Co#16Net Profit Improves QoQ Q1 Q1 Q4 Parameter YOY QoQ FY22 FY23 FY22 FY22 Net Interest Income 1,028 970 6% 1,131 (9%) 4,027 Other Income 614 653 (6%) 511 20% 2,341 Net Total Income 1,641 1,623 1% 1,643 (0%) 6,367 Operating Profit 529 766 (31%) 657 (20%) 2,745 Provisions (Other than Tax) 253 1,384 (82%) 401 (37%) 2,860 Net Profit (Loss) 201 (459) NM 198 2% (75) Parameter Q1 FY23 Q1 FY22 Q4 FY22 FY22 Other Income/Total Income 37.4% 40.3% 31.1% 36.8% Cost/Income 67.8% 52.8% 60.0% 56.9% Net Interest Margin 4.4% 4.4% 5.0% 4.4% Credit Cost/Advances (bps)* 43 255 71 515 ROA 0.75% (1.88%) 0.77% (0.07%) RoE 6.28% (14.51%) 6.35% (0.60%) Not Annualized apno ka bank | RBL Bank 16#17Core Fee Income increasing QoQ 653 Other Income 511 614 Core Fee Income Breakup 494 516 531 5% 4% 4% 24% 13% (1%) 63% 56% 62% 76% 101% 87% 5% 3% 3% 14% 14% 13% 7% 12% 6% 11% 10% 11% Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 ■Trading - FICC Core Fees FX Distribution Proc Fee ■Credit Cards Gen. Banking ■Trade and Others apno ka bank | RBL Bank 17#18Operating Costs Increase Driven By Business Volume Growth; Credit Costs Lower QoQ Net Credit Cost by Business (bps) Operating Expenses 857 985 1,112 58% 57% 55% 4% 5% 10% 4% 12% 12% 255* 27% 28% 28% (3) Q1 FY22 Q4 FY22 Q1 FY23 ■ Employee ■Premises ■Depreciation ■ Others apno ka bank | RBL Bank • 258 Q1 FY22 71* CO 6 65 Q4 FY22 43* 1 12 42 Q1 FY23 ■Wholesale ■Retail Not Annualized for the bank or at individual segment level for the quarter 18#19Improving Asset Quality | S | cee Co#20Asset Quality Snapshot Movement of Gross NPAs Quarter Ended June 30, 2022 March 31, 2022 Dec 31, 2021 Sep 30, 2021 June 30, 2021 Opening Balance 2,728 2,902 3,131 2,911 2,602 (+) Additions during the period 653 619 766 1,217 1,342 (-) Upgrade 192 105 181 180 157 (-) Recoveries 188 222 271 290 116 (-) Write Offs 465 465 542 527 759 Closing Balance 2,537 2,728 2,902 3,131 2,911 Gross NPA (%) 4.08% 4.40% 4.84% 5.40% 4.99% Net NPA 697 807 1,076 1,200 1,137 Net NPA (%) 1.16% 1.34% 1.85% 2.14% 2.01% Actual PCR 72.5% 70.4% 62.9% 61.7% 60.9% PCR incl. Technical Write-offs 85.3% 83.4% 78.6% 76.6% 76.3% Slippage Ratio 1.09% 1.07% 1.37% 2.15% 2.29% Net Slippages 273 292 313 747 1,069 Net Slippage Ratio 0.46% 0.50% 0.56% 1.32% 1.82% Net Restructured % 2.35% 2.69% 3.00% 3.35% 1.80% ⚫Net Security Receipts as a percentage of total advances at 0.24% apno ka bank | RBL Bank 20#21Asset Quality - NPA Position Further Improves in Q1 FY23 Business segment Wholesale Retail Business Loans Credit Cards Micro-Banking Retail Agri Others Total Gross NPA by business segment June 30, 2022 March 31, 2022 Dec 31, 2021 Sep 30, 2021 June 30, 2021 1,087 1,044 1,010 1,085 1,070 1,450 1,684 1,892 2,046 1,841 377 378 353 363 472 328 325 388 574 520 517 737 895 839 584 163 147 158 157 140 64 97 98 114 124 2,537 2,728 2,902 3,131 2,911 Net NPA by business segment Business segment June 30, 2022 March 31, 2022 Dec 31, 2021 Sep 30, 2021 June 30, 2021 Wholesale 299 290 370 451 509 Retail 398 516 706 749 628 Business Loans Credit Cards Micro-Banking Retail Agri Others 158 192 197 207 259 83 104 150 239 128 65 89 225 162 98 76 86 93 95 94 16 44 40 47 50 Total 697 807 1,076 1,200 1,137 apno ka bank | RBL Bank 21#22Loan Provisions & Restructured Advances on 30th June 2022 Loan Provisions Breakup apno ka bank | RBL Bank Particulars As of 30th June 2022 For Q1 FY23 NPA Specific Provision (towards PCR) 1,840 378 Restructured Provision (outside PCR) 322 (33) Standard Provision (outside PCR) 306 (16) Recovery on written off accounts (81) Total 2,468 249 Restructured Advances by business segment Business segment Gross Net Wholesale 236 192 Retail 1,503 1,224 Business Loans 1,115 971 Credit Cards 151 134 Micro-Banking 238 119 Total 1,739 1,416 22#23Healthy Capital Adequacy Co#24Capital Adequacy - Well Capitalized Particulars Tier 1 Capital Funds* June 30, 2022 June 30, 2021 March 31, 2022 12,517 11,850 12,301 Tier 2 Capital Funds 1,180 780 470 Total Capital Funds* 13,697 12,630 12,771 Total RWA 78,222 73,635 75,909 Tier 1 CRAR* 16.0% 16.1% 16.2% Total CRAR* RWA/Total Assets 17.5% 17.2% 16.8% 72.6% 73.4% 71.5% • Tier 1 and Total Capital Funds for interim financial periods has been computed after including interim results for better comparison apno ka bank | RBL Bank 24#25Diversified Shareholding & Strong Rating Profile Shareholding by category (%) 1.8 0.6 8.6 Instrument Ratings Basel III compliant Tier II bonds Rating 26.1 38.0 ICRA AA-& (Retained dated Feb 9, 2022) CARE AA- (Stable) (Re-affirmed dated Oct 6, 2021) Certificate of Deposits ICRA A1+ (Re-affirmed dated Feb 9, 2022) 12.0 12.9 Fixed deposit programme (Migrated from Medium Term Fixed Deposit) Individual/HUFS Foreign Corporates ■ VCF/MF/Pension Funds/Insurance FPI ■Body Coporates NRIS Others Total Foreign holding - 40.8%. Approved limit - 74% Short term fixed deposit programme apno ka bank | RBL Bank ICRA AA-& (Retained dated Feb 9, 2022) ICRA A1+ (Re-affirmed dated Feb 9, & Rating watch with developing implications 2022) 25#26NODODOO CODGOODOOD Growing Distribution Network Co#27Our Growing, Multi-Layered Distribution Network Locations Chandigarh Customers (Mn.) 9.08 9.63 9.83 9.97 10.66 11.15 11.30 GIFT 2 city 13 branch 16 21 13 30 52 New Delhi Dec 31, March 31, June 30, Sep 30, 2020 2021 2021 2021 Dec 31, March 31, June 30, 2021 2022 2022 Channel Breakup Channels Number of transaction points 15 June 30, 2022 21 March 31, 2022 June 30, 2021 Branches 502 502 435 137 (23) Daman Puducherry & Diu 57 Metro (incl. GIFT branch) 290 290 237 Urban 73 72 61 Semi-urban 74 76 74 Rural 65 59 64 63 Dadra & Nagar Haveli Branch, ATM, BC Banking Outlets (BOS) 289 289 271 13 55 BC Branches (incl. BOs) 1,302 1,373 1,422 ATM Of which RBL Finserve 789 825 759 BC Goa Of which for Micro-Banking ATMs 1,225 1,240 1,209 417 414 380 Figures in circles refer to number of branches in given state/union territory apno ka bank | RBL Bank 27#28Digital Initiatives Co#29Market recognition for Digital Initiatives • • LAUNCHES Collaborated with Amazon Pay, to offer users with seamless and convenient UPI services. Partnered with Juspay for UPI switch for merchant acquiring to get enhanced tech capabilities and support AWARDS Ans RBL Bank Limited 2022 Best Bank for Digital Solutions in India ASIAMONEY apno ka bank | RBL Bank Awarded Best Bank for Digital Solutions in India at the Asiamoney Best Bank Awards 2022 29#30Deeper Connect by enhancing the value proposition in the payments landscape... apno ka bank | RBL Bank Payment and 6 Collection through APIs, 5 eNACH API UPI based collections 7 Correspondent bank relationships 1 Digital Onboarding Interbank tieups for Nostro settlements Issuance, Acquiring services Unified Payments Interface Nodal API services, alerts, statements Platform Aggregation/ Merchant Acquirers 4 2 Cash withdrawal/ account AEPS, DMT, Indo transfer Nepal, PPI, UPI RDA, LRS, FX Cards 3 Remittance solutions 30#31Our Continual market standing in the digital space... 21.96L apno ka bank | RBL Bank No of Merchants 70.96 L Overall BAAS Customers* QOQ Increase in Acquiring Txn Volume - 16.14% 8.7 CR Total Transaction Volume (in nos.) 46.06 L PPI Customers For period April22 to June22 2.4L Unique Customer Service Points * Overall number of Payment Aggregator, Wallet holders, AEPS and DMT CSPs. 31#32Deepening our digital footprint... Issuance Products INR Remittances FX Products D Acquiring & Aggregation . Commenced development and testing a state of art Video KYC facility for PPI customers • Work in progress towards development of a Metro Prepaid Card 2.41 Lac Unique Customer Service Points registered with Bank for AEPS and DMT Services as on Mar'June'22. New Product 'Cash at BC' expected to go live in Q2 FY'23. . Launched outward remittance product for a large MTO. • Onboarded two major Exchange Houses for inward remittance (integration in progress) & 1 deal is in pipeline . Escrow agreement signed with Razorpay for their PAPG merchant settlements. apno ka bank | RBL Bank • API, UPI & Others The Bank has partnered with Amazon Pay to offer peer-to- peer and peer-to- merchant transactions. With this integration Amazon Pay will issue NPCI's allocated UPI ID with the handle @rapl, to RBL Bank. • Partnered with Juspay for UPI switch for merchant acquiring to get enhanced tech capabilities and support. 32#33Credit Card Update Co#34Credit Card Growth & Market Share Trend May'21 RBL Industry RBL 3.8 M CIF 3.0 M 62.4 M 26% Spends 2,679 Cr 55,033 Cr 4,599 Cr 72% Advances 12,161 Cr 1,18,512 Cr May'22 Industry 14,030 Cr ▲ 15% 76.9 M 23% 1,14,024 Cr ▲ 107% 1,54,137 Cr 30% Market Share - Cards (#) Market Share - Spends 4.8% 4.7% 4.8% 5.0% 4.9% 5.1% 4.7% 4.9% 4.1% 4.0% 3.6% 2.1% 2.9% 2.0% Mar '18 Mar'19 Mar'20 Mar'21 May '21 Mar'22 May'22 Mar'18 Mar'19 Mar'20 Mar'21 May '21 Mar'22 May'22 apno ka bank | RBL Bank Market Share - Advances 10.8% 9.8% 10.3% 9.2% 9.1% 6.0% 3.3% ill Mar'18 Mar '19 Mar'20 Mar 21 May'21 Mar'22 May'22 Source RBI Data 34 =4#35Credit Card Portfolio Trend Cards in Force (Million) 3.68 3.75 3.83 3.91 3.46 3.08 3.10 0.29 0.24 Acquisition (Million) 0.60 0.45 0.43 0.14 0.14 0.15 Q1'22 Q2'22 Q3'22 Q4'22 Apr 22 May 22 Jun'22 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Apr 22 May'22 Jun'22 Advances Breakup (Cr.) Total Spends (Cr.) 12,432 12,816 13,415 13,575 13,904 14,030 14,281 12,276 13,161 12,115 23% 27% 28% 28% 29% 28% 29% 10,362 8,554 21% 21% 21% 22% 22% 23% 23% 55% 53% 51% 50% 49% 49% 48% Q3'22 Q4'22 Apr 22 May'22 Jun'22 Q1'22 Q2'22 ■Term apno ka bank | RBL Bank ■Revolver ■Transactor Q1'22 4,178 4,573 4,409 Q2'22 Q3'22 Q4'22 Q1'23 Apr 22 May'22 Jun '22 35#36Credit Card Portfolio Trend contd. Retail Spend 1,042 24,963 25,228 25,285 23,611 24,145 24,852 21,232 10,984 11,809 11,836 10,986 11,803 9,620 11,136 Consumer Loans ('000) 855 841 757 753 273 293 276 Q1'22 Q2'22 Q3'22 Q4'22 Retail Spend/Card Apr 22 May'22 Jun'22 Retail Spend/Active Card Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Apr 22 May'22 Jun'22 30 Day Retail Active E-com Spend Share 47% 47% 45% 47% 46% 47% 45% 55% 57% 52% 53% 54% 53% 54% 55% Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Apr 22 May 22 Jun'22 Q1'22 Q2'22 Q3'22 Q4'22 Apr 22 May'22 Jun'22 Retail spends Increased YoY and QoQ apno ka bank | RBL Bank # Retail Spend parameter are measured as of qtr end 36#37New Sourcing For Q1 FY23 Credit Card Customer Segment Insights As on 30th June Cards-in-Force 2022 Salaried Self Employed (SE) mix 0.97 31% 0 69% 1.01 Salaried ■Self Employed Salaried Self Employed (SE) mix 30% 0 70% ■Salaried Self Employed 0.77 30% City Tier Mix Q 0.82 10% 60% 1.10 Carded Mix 1.48 1.54 15% 3% 0 81% 0.94 Age Group Mix 0.78 1.15 21% 17% 62% 1.03 ■ TIER 1 ■ TIER 2 ■ TIER 3 ■ Carded ■Bureau Tested - NTC ■ Under 30 = 31-45 ■ 45+ City Tier Mix 43% 47% 10% 32% Carded Mix 4% 0 64% ■ TIER 1 ■ TIER 2 TIER 3 ■Carded Bureau Tested = NTC Diversified exposure, expansion outside Tier-1 cities. Indexed 90+ Age Group Mix 21% 25% 54% ■ Under 30 ■31-45 45+ apno ka bank | RBL Bank 37#38Credit Card Retail Spend Insights 180% SPEND # ACROSS CATEGORY 160% -Daily 140% 6,111 Cr 10,151 Cr -Discretionary -Travel 2,319 Cr 120% 1,702 Cr 100% 644 Cr 80% 667 Cr 60% 40% 20% 0% DJF'FY Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 20 Daily 100% 63% 89% Discretionary 100% 42% 78% 105% 106% 113% 113% 133% 151% 159% 166% 104% 80% 105% 134% 117% 136% ―Travel 100% 13% 31% 53% 66% 42% 65% 81% 75% 97% Q1 FY23 Over Previous 9 Quarters | DJF'FY20 consists of Dec'19, Jan'20 and Feb'20 May'22 Spends has been all time high #Spend Type Daily: Grocery/Stores, Telecom, Utility, Education, Health & Insurance, Wallet Load, Fuel & Cab Discretionary: Lifestyle & Apparel, Dining & Food Delivery, Entertainment, Durables Travel: Hotel, Travel Agency, Airlines, Railway etc apno ka bank | RBL Bank 38#39apno ka bank | RBL Bank Credit Cards - tighter control on new bookings resulting in delinquencies in line with industry 12.0% 10.0% -INDUSTRY RBL 8.0% 6.0% 4.0% 2.0% 0.0% Mar'19 Jan'19 Feb'19 Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Jan'20 Dec'19 3MOB $30+ Comparison with Industry Feb'20 Mar'20 Apr'20 May'20 Jun'20 Jul'20 Aug'20 Sep'20 Oct'20 Nov'20 Dec'20 Jan'21 Feb'21 Refer note below Mar'21 Apr'21 May'21 Jun'21 Jul'21 Aug'21 Sep'21 Oct'21 Nov'21 Dec'21 Jan'22 Note: In the bureau, higher uptick seen in industry delinquency rates in Dec'20-Feb'21 period on account of a likely data submission issue by a large card issuer. If we remove that, the industry and RBL numbers are in line with each other. Second instance of uptick seen in industry delinquency rates in Jul'21-Aug’21 period on account of delayed booking of Moratorium-driven delinquencies by a large card issuer Source: TransUnion / CIBIL 39#40Credit Card Tighter risk measures on new acquisition - lowering risk in the portfolio Higher proportion of low risk clients ■ Pre-Covid ■ Post-Covid Lower value @ risk for same number delinquency vs industry* 90% 80% 5.0 70% 4.5 4.0 60% 3.5 50% 3.0 2.03 1.81 1.81 40% 1.59 2.5 1.92 1.66 2.0 1.37 1.51 1.50 30% 1.5 1.50 1.0 1.32 1.26 0.5 0.0 Apr'19 Jun'19 Sep'19 0.90 0.89 0.92 0.62 Jun'20 Sep'20 -Industry RBL Dec'20 Mar'21 Jun'21 Oct'21 20% 1.24 0.71 10% 0% Risk Category 1 Risk Category Increasing Risk Risk Category 3 Sharper exposure management across risk bands leading to lower value at risk for same number delinquency. Measured as Ratio of 6 MOB 30+ ($) / 6 MOB 30+ (#) Significantly tighter risk filters - higher proportion of lower risk. apno ka bank | RBL Bank * Source TransUnion / CIBIL 40#41Credit Card Conservative exposure strategy post Covid on new acquisition - lower value at risk Prudent Credit limit assignment 1,60,000 -Pre-Covid 99,475 1,40,000 -Post-Covid 1,20,000 80,679 1,00,000 61,411 80,000 45,145 45,042 60,000 44,260 40,000 20,000 Risk Category 1 Risk Category 2 Risk Category 3 Increasing Risk Jul-Sep'20 Oct-Dec 20 Average Credit Limit for new customers Jan-Mar'21 Apr-Jun'21 Jul-Sep'21 Oct-Dec'21 Jan-Mar'22 -Average Credit limit Off Us Average Credit limit On Us Reduction in exposure through conservative limit assignment on new cards - reducing value at risk Limit assignment much lower than other cards held by the customer - build up exposure basis risk profile post six months apno ka bank | RBL Bank Source TransUnion / CIBIL Apr-Jun'22 41#42Micro-Banking Update | cee Co#43Micro-Banking Distribution Network (85) (1) (2) (49) (43) 104 (46) 59 (49) 122 (23) 6 112 (60) 28 134 BC Branches Opened in FY23: 3 State & District Presence: • (61) (32) (120) (2) • (53) 92 16 (72) 26 83 (67) Micro-Banking Presence RBL Finserve 21 States and 2 Union Territory 415 Districts Branches: • Other BCs • Micro-Banking Branches : 1,225 • RBL Finserve Branches: 765 Banking Outlets: 289 Figures in brackets refers to branches of RBL Finserve apno ka bank | RBL Bank 43#44Micro-Banking Portfolio Concentration Top-3 & Top-5 State Concentration State Name % of Portfolio % of Portfolio June'22 Mar'22 61% 60% 54% Bihar 19.4% 18.9% 50% 45% 46% Rajasthan 14.9% 14.7% 37% 37% Uttar Pradesh 11.3% 11.2% Tamil Nadu 8.7% 9.2% Karnataka 6.1% 6.4% Haryana 5.8% 5.7% Maharashtra 5.2% 5.3% Mar'2021 June'2021 Mar'2022 June'2022 West Bengal 5.0% 4.9% ■Top-up3 Top-5 Gujarat 5.0% 4.8% Madhya Pradesh 4.8% 4.7% Odisha 3.9% 4.0% Jharkhand 3.0% 3.1% Industry Comparison - Top3 & Top5 State Concentration Punjab 3.0% 2.9% Kerala 1.1% 1.2% Uttarakhand 0.6% 0.6% 64% 47% 64% 46% Chhattisgarh 0.6% 0.6% 55% Assam 0.6% 0.5% 37% Tripura 0.4% 0.4% Puducherry 0.3% 0.3% Goa 0.3% 0.3% Himachal Pradesh 0.1% 0.1% Meghalaya 0.0% 0.0% Grand Total 100.0% 100.0% RBL Peers Industry ■Top 3 states ■Top 5 states apno ka bank | RBL Bank Source: Equifax Peers: two largest banks, two SFB's and two prominent MFI's 44#45Micro-Banking Portfolio update Gross Advances Breakup 2.72 Million active loan accounts Standard Advances Breakup 81% 7,265 6,469 5,501 5,038 4,206 19% 44,798 ■New Book Post Covid ■ Old Book Pre Covid Mar 31,2019 Mar 31,2020 Mar 31,2021 Mar 31,2022 June 30,2022 Average Ticket Size (ATS) of new loans Average OS Balance 30,279 25,595 41,363 40,389 23,356 38,708 33,645 33,930 33,385 29,837 30,334 32,276 29,971 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 RBL apno ka bank | RBL Bank Sep-19 Dec-19 Mar-20 Peer Jun-20 18,555 Sep-20 Dec-20 -Industry Mar-21 Jun-21 Sep-21 Dec-21 35,733 35,502 20,393 22,886 19,650 28,306 19,192 19,599 18,055 Mar-22 Peers two largest banks, two SFB's and two prominent MFI's New-Portfolio: Portfolio Originated April-2020 onwards Old Portfolio: Portfolio Originated till March-2020 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Industry Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 27,673 26,879 24,846 24,287 22,082 22,260 19,389 17,894 20,855 45#46Micro-Banking - Collection Efficiency Collection-Efficiency 96.90% 97.03% 97.79% 96.79% 94.14% 92.81% 90.60% 89.53% 83.48% 82.24% Mar-21 Jun-21 Sep-21 ■Collections Efficiency apno ka bank | RBL Bank 99.64% 90.64% March'21 June'21 Dec-21 ■Collection Efficiency- Non- NPA Book Collection Efficiency- Non-NPA Book* 98.42% Sept'21 99.03% Dec'21 *For Portfolio Originated on and After 1st April 2020 95.32% 88.83% Mar-22 Jun-22 99.53% 99.56% Mar'22 June'22 46#47CODEOADDOD DODOO Experienced Board and Leadership Team Co#48Board of Directors Mr. Prakash Chandra Non-Executive Independent Director (Part Time Chairman) Previously, Chairman of Central Board of Direct Taxes (CBDT) Mr. R Subramaniakumar Managing Director and CEO A veteran banker with 40 years of experience; Previously, associated with PNB, Indian Bank and Indian Overseas Bank Mr. Rajeev Ahuja Executive Director Previously, associated with Citibank India, Bank of America, India and Bankers Trust Company Ms. Veena Mankar Non-Executive Non Independent Director Currently, Chairman of RBL Finserve Ltd. Previously, Founder of Swadhaar Finserve Pvt. Ltd. And Swadhaar FinAccess Mr. Vijay Mahajan Non-Executive Non Independent Director Previously, Founder of Basix Social Enterprise Group Ms. Ranjana Agarwal Non-Executive Independent Director Founder and managing partner of Vaish & Associates, Chartered Accountants Mr. Ishan Raina Non-Executive Independent Director Previously, Founder of Out of Home (OOH) India, Associated with J. Walter Thompson (JWT) and Lintas Advertising Mr. Vimal Bhandari Non-Executive Non Independent Director Executive Vice Chairman and CEO with Arka Fincap Limited (AFL Dr. Somnath Ghosh Non-Executive Independent Director Retired Professor and Founding Dean (Academics) from Indian Institute of Management Kashipur Mr. Manjeev Singh Puri Non-Executive Independent Director Former Indian Diplomat, former Ambassador to the European Union, Belgium, Luxembourg, Nepal and United Nations apno ka bank | RBL Bank Mr. Chandan Sinha Non-Executive Independent Director Previously, Executive Director, RBI. Career - Central Banker for 35 years Mr. Yogesh Dayal Additional Director (Appointed by RBI) A career Central Banker with 25 years of experience with RBI. Currently Chief General Manager and in charge of Department of Communications, RBI. 48#49Professional and Experienced Leadership Team Mr. R Subramaniakumar Managing Director and CEO A veteran banker with 40 years of experience; Previously, associated with PNB, Indian Bank and Indian Overseas Bank (40) Mr. Rajeev Ahuja Executive Director Previously, associated with Citibank India, Bank of America, India and Bankers Trust Company (35) Mr. R. Gurumurthy Mr. Brijesh Mehra Head Governance Head Previously, associated with Standard Chartered Bank, Bank of America, Credit Lyonnais and State Bank of India with leadership roles in India and Asia-Pacific region Corporate, Institutional & Transaction Banking Previously, Country Manager, Royal Bank of Scotland N.V. and prior to that associated with Grindlays Bank Public Limited Company (36) (35) Mr. Jaideep lyer Head - Strategy Previously, Group President and Deputy CFO - Yes Bank Mr. Bhavtaran Singh (Sunny) Uberai Head Client Services, Previously, associated with ABN Amro Bank and Arete Financial Partners, Singapore (35) (23) Mr. Amrut Palan Mr. Surinder Chawla Chief Financial Officer Head-Branch Banking Previously, associated with Citibank, HSBC, ING Vysya, Kotak Mahindra Bank and Airtel Payments Bank Previously, associated with Standard Chartered Bank, ABN Amro Bank and HDFC Bank (25) (29) Mr. Sankarson Banerjee Chief Information Officer Mr. Deepak Kumar Chief Risk Officer Previously, Chief Technology Officer, National Stock Exchange (24) Previously, associated with State Bank of India and member of RBI committees (37) Figures in brackets are years of work experience in financial services apno ka bank | RBL Bank 49#50Professional and Experienced Leadership Team (Contd.) Mr. Deepak Gaddhyan Chief Credit Officer (Wholesale) Previously, associated with ICICI Bank, Yes Bank (27) Mr. Sanker Parameswaran Head - Legal Previously, associated with ICICI Bank, Indian Hotels, Amway India Mr. Prakash Gupta (35) Chief Compliance Officer Previously, associated with Barclays, Credit-Suisse and Rabobank Mr. Anand Bagri Head Domestic Markets Group - Previously, associated with Axis Bank Figures in brackets are years of work experience in financial services apno ka bank | RBL Bank (26) (20) Mr. Pankaj Sharma Chief Operations Officer Previously, Head Retail Operations, Axis Bank (21) Mr. R. Rajagopalan Head Internal Audit Previously, associated with HDFC Bank, Kotak Mahindra Bank Mr. N Hari Prakash - Head Enterprise Risk (30) Previously, associated with RBS Plc. India, ABN Amro Bank N.V., ICICI Bank and HDFC Bank (30) Mr. Vijay Anandh Chief Credit Officer - Retail Previously, associated with Barclays Finance, ICICI Bank (25) 50#51Annexures Co#52Balance Sheet Particulars Liabilities June 30, 2022 March 31, 2022 June 30, 2021 " Other Liabilities Total Capital 600 600 598 Reserves and Surplus 12,252 12,019 11,610 Deposits 79,216 79,007 74,471 Borrowings 11,871 11,093 10,046 3,793 3,491 3,616 107,732 106,209 100,342 Assets Cash & Balances with RBI 9,907 13,111 9,575 Balances with other banks 3,037 4,437 3,377 Investments (Net) 27,537 22,274 25,314 Advances (Net) 60,270 60,022 56,527 Fixed and Other Assets 6,981 6,365 5,548 Total 107,732 106,209 100,342 apno ka bank | RBL Bank 52#53Profit & Loss Statement Particulars Income Interest Earned Q1 FY23 Q1 FY22 Q4 FY22 FY22 2,089 2,026 2,131 8,176 Interest Expended 1,062 1,056 1,000 4,149 Net Interest Income 1,028 970 1,131 4,027 Other Income 614 653 511 2,341 Total Income 1,641 1,623 1,643 6,367 Expenditure Operating Expenses 1,112 857 985 3,622 Employee Cost 309 232 279 1,002 Premises Cost 113 101 119 431 Depreciation 46 38 45 164 Other Operating Expenses 644 487 543 2,025 Operating Profit 529 766 657 2,745 Provisions 253 1,384 401 2,860 On advances 249 1,382 392 2,804 On others 4 2 9 57 Profit Before Tax 276 (618) 257 (115) Tax 75 (159) 59 (40) Profit After Tax 201 (459) 198 (75) apno ka bank | RBL Bank 53#54Consolidated Balance Sheet Particulars Liabilities Capital Reserves and Surplus Deposits Borrowings Other Liabilities Total June 30, 2022 March 31, 2022 June 30, 2021 600 600 598 12,172 11,931 11,611 79,216 79,006 74,422 11,871 11,098 10,046 3,840 3,528 3,642 107,699 106,163 100,320 Assets Goodwill on Consolidation 41 41 41 Cash & Balances with RBI 9,907 13,111 9,575 Balances with other banks 3,044 4,446 3,400 Investments (Net) 27,392 22,129 25,169 Advances (Net) 60,270 60,005 56,527 Fixed and Other Assets 7,046 6,431 5,608 Total 107,699 106,163 100,320 apno ka bank | RBL Bank 54#55Consolidated Profit & Loss Statement Particulars Income Q1 FY23 Q1 FY22 Q4 FY22 FY22 Interest Earned 2,203 2,103 2,201 8,445 Interest Expended 1,062 1,056 1,000 4,148 Net Interest Income 1,141 1,048 1,201 4,297 Other Income 614 660 513 2,352 Total Income 1,755 1,708 1,714 6,648 Expenditure Operating Expenses 1,218 944 1,090 3,994 Employee Cost 390 309 355 1,310 Premises Cost 120 107 125 456 Depreciation 51 41 49 180 Other Operating Expenses 658 488 560 2,048 Operating Profit 537 763 624 2,654 Provisions 253 1,384 401 2,860 On advances 249 1,382 392 2,804 On others 4 2 9 57 Profit Before Tax 284 (621) 224 (207) Tax 75 (159) 59 (40) Profit After Tax 209 (462) 165 (166) apno ka bank | RBL Bank 55#56Historical Performance FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Particulars Q1 FY23 Net Worth 1,075 1,131 1,594 2,012 2,224 2,960 4,242 6,544 7,336 10,290 12,254 12,006 12,155 Deposits 2,042 4,739 8,341 11,599 17,099 24,349 34,588 43,902 58,394 57,812 73,121 79,007 79,216 Advances (Net) 1,905 4,132 6,376 9,835 14,450 21,229 29,449 40,268 54,308 58,019 58,623 60,022 60,270 Investments (Net) 892 2,334 5,571 6,518 9,792 14,436 13,482 15,448 16,840 18,150 23,230 22,274 27,537 Net Profit 12 66 92 93 207 292 446 635 867 506 508 (75) 201 CRAR (%) 56.4 23.2 17.1 14.6 13.1 12.9 13.7 15.3 13.5 16.4 17.5 16.8 17.5 Gross NPA (%) 1.12 0.80 0.40 0.79 0.77 0.98 1.20 1.4 1.38 3.62 4.34 4.40 4.08% Net NPA (%) 0.36 0.20 0.11 0.31 0.27 0.59 0.64 0.78 0.69 2.05 2.12 1.34 1.16% Business per 4.4 6.7 7.9 7.7 9.1 11.8 13.1 15.9 19.3 16.0 16.9 15.0 14.2 employee No. of employees 907 1,328 1,859 2,798 3,465 3,872 4,902 5,300 5,843 7,221 7,816 9,257 9,816 Return on Assets 0.53 1.33 1.05 0.66 1.02 0.98 1.08 1.21 1.27 0.59 0.54 (0.07) 0.75 (%) Return on Equity (%) 1.7 5.9 6.73 5.44 9.58 11.32 11.67 10.95 12.15 5.74 4.35 (0.60) 6.28 BVPS 49.99 52.62 63.03 71.3 75.77 91.17 113.07 155.99 171.93 202.29 204.90 200.27 202.74 apno ka bank | RBL Bank 56#57Thank you apno ka bank | RBL Bank 57