#1Co 40 16 C July 22, 2023 Investor Presentation Q1 FY 24 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. Against the background of these uncertainties, readers should not unduly rely on these forward looking statements. The Company, its advisors and representatives assume no responsibility to update forward-looking statements or to adapt them to future events or developments. This presentation has been prepared for informational purposes only. This presentation does not constitute a prospectus under the (Indian) Companies Act, 1956 and will not be registered with any registrar of companies. Furthermore, this presentation is not and should not be construed as an offer or a solicitation of an offer to buy securities for sale in the India. This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of the Company, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. 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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 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 BC Business Correspondent NFB Non Fund Based Bps Basis Points NIM BVPS Book Value Per Share 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#4Key Drivers of Business Performance in Q1 FY24 Strong Advances Growth - Growth of 21% YoY and 4% sequentially; driven by Retail Advances Growth of 34% YoY and 8% sequentially PAT for Q1 FY24 grew 43% YoY and 6% QoQ to Rs. 288 crore Operating Profit for Q1 FY24 grew 22% YoY and 9% QoQ to Rs. 647 crore ROA at 1.01% vs 1.00% for Q4 FY23; ROE at 8.39% vs 8.11% for Q4 FY23 NIM at 4.84% vs 5.01% for Q4 FY23 Improving Asset Quality - Net NPA of 1.00% vs 1.10% for Q4 FY23, PCR of 69.6% vs 68.1% for Q4 FY23 Credit Cost was 39bps vs 29bps for Q4 FY23 apno ka bank | RBL Bank 4#5Q1 FY24 Key Financial Highlights Advances Rs. 73,087 crore Healthy Balance Sheet 21% YoY 4% QoQ Retail Advances Rs. 40,866 crore 34% YoY Deposits Rs. 85,636 crore 8% QoQ 8% YOY 1% QoQ CASA Rs. 31,927 crore A12% YOY 1% QoQ NII Rs. 1,246 crore Core Fee Income Rs. 640 Operating Profit Rs. 647 PAT Rs. 288 crore Growing Profitability crore crore 21% YOY 3% QoQ 21% YoY 3% QoQ 22% YOY 9% QoQ 43% YoY 6% QoQ Improving Financial Ratios ROA 1.01% NIM 4.84% CASA 37.3% NNPA 1.00% 26bps YoY 1bps QoQ 49bps YoY 17bps QoQ 127bps YoY 8bpsQoQ 16bps YoY 10bps QoQ Other Key Metrics CRAR 16.68% LCR 129% BVPS Rs. 222 Branches 520 83bps YoY 24bps QoQ 20% YoY 3%QoQ Rs. 19 YoY Rs.5 QoQ 18 YoY 3 QoQ apno ka bank | RBL Bank 5#6Improving Profitability QoQ Q1 Q1 Q4 Parameter YOY QoQ FY23 FY22 FY24 FY23 FY23 Net Interest Income 1,246 1,028 21% 1,211 3% 4,451 4,027 Other Income 685 614 12% 674 2% 2,489 2,341 Net Total Income 1,932 1,641 18% 1,885 2% 6,941 6,367 Operating Profit 647 529 22% 594 9% 2,202 2,745 Provisions (Other than Tax) 266 253 5% 235 13% 1,022 2,860 Net Profit (Loss) 288 201 43% 271 6% 883 (75) Parameter Q1 FY24 Q1 FY23 Q4 FY23 FY23 FY22 Other Income/Total 35.5% 37.4% 35.8% 35.9% 36.8% Income Cost/Income 66.5% 67.8% 68.5% 68.3% 56.9% Net Interest Margin 4.84% 4.36% 5.01% 4.67% 4.45% Credit Cost/Advances 39 43 29 149 515 (bps)* RoA 1.01% 0.75% 1.00% 0.83% (0.07%) RoE 8.39% 6.28% 8.11% 6.69% (0.60%) apno ka bank | RBL Bank • Not Annualized 6#7Advances and Deposits | cee Co#8Well Diversified Advances Net Funded Advances 66,684 62,942 60,270 Non Funded Advances 15,324 71.0% 73,087 70,209 29.0% ■ Guarantees ■LCs and Acceptances 32,686 34,977 37,778 30,514 (15.2%) 40,866 (15.6%) (15.7%) (16.0%) (15.8%) 34% YoY • 84.4% of Wholesale Exposure is to A- or better rated customers 29,756 30,256 31,707 32,431 32,221 (6.6%) (6.9%) (7.8%) (8.4%) (8.6%) 8% YoY June 2022 Sep 2022 Dec 2022 March 2023 June 2023 Wholesale Retail apno ka bank | RBL Bank (Yields for the Quarter) • • Bank amongst the largest Credit Card issuers in India with over 5% market share in Cards in Force Microfinance Lending is diversified across geographies with top 5 states accounting for 68% of total microfinance advances Scale-up of secured Retail products like Housing Loans, Rural Vehicle Loans, Gold Loans, Micro LAP, Two Wheeler Finance and Used Cars 8#9Advances Mix; Strong Advances Growth Yield June 2023 Proportio June 2022 YOY March 2023 QoQ Q1 FY24 n C&IB 24,719 23,111 7% 24,643 0% 8.6% CB 7,502 6,645 13% 7,788 (4%) (6.5%) 44% Wholesale 32.221 29,756 8% 32,431 (1%) Business Loans 7,532 7,547 0% 6,656 13% Credit Cards 17,665 14,036 26% 16,594 6% Microfinance 6,517 3,753 74% 5,963 9% Housing Loans 4,541 2,563 77% 4,583 (1%) 15.8% (15.3%) 56% Retail Agri 1,351 1.201 12% 1,357 0% Rural Vehicle 1,242 423 194% 1,029 21% Finance Others 2,017 990 104% 1,597 26% Retail 40,866 30,514 34% 37,778 8% Q1 FY23 yields in brackets Total 73,087 60,270 21% 70,209 4% INR Yields for Wholesale Advances was 8.9% apno ka bank | RBL Bank 9#10Wholesale Advances Wholesale Advances 30,256 29,756 31,707 32,431 32,221 7,788 7,502 7,493 13% YoY 6,645 7,137 Wholesale Exposure - Rating Breakup (%) 56,860 84.4% 12.8% 2.8% A - or Better ■ BBB BB & Below Top 10 Industries FB+NFB Outstanding FB-NFB Split % of Outstanding 24,214 24,643 24,719 23,111 23,119 7% YoY NBFC (ex. HFC & DFI) Power 4,095 99:1 4.5% 3,288 67:33 3.6% Construction 3,113 35:65 3.5% Retail/ Distribution 2,504 82:18 2.8% Engineering 2,109 44:56 2.3% June 2022 Sep 2022 Dec 2022 March 2023 June 2023 Metals 2,042 71:29 2.3% Pharma 1,906 79:21 2.1% Corporate Banking ■Commercial Banking Auto 1,537 75:25 1.7% Cement 1,460 83:17 1.6% Financial Services 1,322 73:27 1.5% apno ka bank | RBL Bank 10#11Retail Advances 30,514 990 423 1,201 2,563 905 40,866 37,778 34,977 2,017 2.8% 32,686 1,242 1.7% 1,597 1,351 1.8% 1,029 1,269 1,357 777 4,541 6.2% 1,260 540 1,213 4,583 4,298 3,450 7,532 10.3% 6,656 6,882 7,350 7,547 6,517 8.9% 5,963 5,021 4,584 3,753 16,594 17,665 24.2% 14,036 14,644 15,471 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 Credit Cards ■Micro-Banking Business Loans Housing Loans ■ Agri ■Rural Vehicle Finance ■Other Retail apno ka bank | RBL Bank Percentage on the right is ratio to total advances 11#12Retail Disbursement excl. Cards 4,688 547 4,093 296 432 11% 315 8% 927 2,542 2,810 698 17% 8 301 444 140 292 496 12% 225 304 454 312 636 1,865 7 1,451 142 198 265 23 Q1 FY23 Q2 FY23 Q3 FY23 Microfinance Business Loans Housing Loans apno ka bank | RBL Bank 2,474 2,152 53% Q4 FY23 ■Rural Vehicle Finance ■ Others Q1 FY24 Percentage on the right is ratio to total retail disbursements 12#13CASA & Total Deposits 12% YoY growth in CASA ; Total deposits grew by 8% YoY June 22 79,216 March 23 84,887 20.6% 64.0% 19.9% 62.6% 15.4% -СА SA - TD 17.4% - CA ■SA ■ TD CASA TD < 2 crore to Total Deposits 58.2% 62.0% 63.2% June 23 85,636 19.6% 62.7% 17.7% -СА ■ SA ■ TD apno ka bank | RBL Bank June 2022 March 2023 June 2023 13#14Deposits, Liquidity and Cost Trends Yield and Cost LCR Position 12.22% 11.22% 11.46% 11.96% 12.60% 12.80% 138% 149% 156% 144% 126% 129% 4.81% 4.87% 5.19% 5.55% 5.85% 6.15% 4.75% 4.84% 5.14% 5.47% 5.73% 6.07% 100% 100% 100% 100% 100% T T 100% March 2022 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 March 2022 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 -Yield on Advances Cost of Funds Cost of Deposits CASA Ratios -LCR Requirement -LCR maintained Share of Retail LCR Deposits 30,717 31,415 35.3% 36.0% 36.2% 36.6% 37.4% 37.3% 32,832 34,769 36,319 37,400 43.7% 42.5% 42.8% 41.3% 33.3% 31.9% 32.0% 32.8% 32.6% 31.4% 39.7% 38.9% March 2022 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 -CASA Ratio Average CASA Ratio March 2022 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 apno ka bank | RBL Bank Retail LCR Deposits (Rs. crore) 14#15Improving Financial Metrics Co#16Other Income increasing QoQ Other Income 614 674 685 2,341 2,489 531 658 Core Fee Income Breakup 640 2,073 2,323 4% 4% 4% 21% 22% 4% 22% 5% 5% 3% 24% 3% 22% 3% 3% 28% 30% 31% 30% 87% 98% 93% 89% 93% 36% 13 Q1 FY23 2% Q4 FY23 7% Q1 FY24 33% 30% 24% 31% 29% 11% 7% 11% 9% 10% 11% 10% FY 22 FY23 Q1 FY23 Q4 FY23 Q1 FY24 FY 22 FY 23 FX Distribution Processing Fees Payments Related General Banking ■Trade and Others Trading - FICC Core Fees apno ka bank | RBL Bank 16#17Operating Costs Stable QoQ 1,292 1,284 4,738 1,112 14% 14% 12% 4% 4% 4% 3,622 14% 7% 6% 6% 4% 15% 13% 15% 6% 15% 5% 15% 8% 9% 9% 11% 16% 11% 24% 9% 24% 23% 22% 22% 28% 28% 27% Q1 FY23 Q4 FY23 Q1 FY24 28% 28% FY22 FY23 Payments & General Banking Tech & Outsourcing Employee Premises Business Acquisition ■Depreciation Others apno ka bank | RBL Bank 17#18Asset Quality Co#19Asset Quality Snapshot Quarter Ended June 2022 Sep 2022 Dec 2022 March 2023 June 2023 Movement of Gross NPAs Opening Balance 2,728 2,537 2,457 2,469 2,420 (+) Additions during the period 653 812 608 681 555 (-) Upgrade 192 149 99 138 97 (-) Recoveries 188 164 126 248 169 (-) Write Offs 465 578 371 344 304 Closing Balance 2,537 2,457 2,469 2,420 2,404 GNPA Position NNPA Position 2,537 2,457 2,469 2,420 2,404 697 790 790 773 730 64 63 80 163 75 163 176 77 22 30 173 198 73 517 274 223 80 205 162 16 348 345 347 422 -76 76 65 665 102 112 726 27 8 27 72 28 23 81 86 61 328 84 82 89 83 111 426 473 469 441 377 147 165 191 158 180 1087 1183 1172 1151 1105 362 299 322 308 273 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 ■Wholesale ■Business Loans Credit Cards Microfinance Retail Agri ■ Others apno ka bank | RBL Bank Sep 2022 Dec 2022 March 2023 June 2023 June 2022 ■Wholesale ■Business Loans Credit Cards Microfinance Retail Agri ■ Others 19#20Asset Quality Trends NPA Position PCR 4.08% 85.3% 84.3% 84.7% 85.0% 85.9% 3.80% 3.61% 3.37% 3.22% 72.5% 67.8% 68.0% 68.1% 69.6% 2.35% 1.87% 1.44% 1.21% 1.05% 1.16% 1.26% 1.18% 1.10% 1.00% June 2022 Sep 2022 Dec 2022 March 2023 June 2023 -GNPA NNPA -Net Restructured apno ka bank | RBL Bank 1.35% 1.09% 0.46% Slippages* June 2022 Sep 2022 Dec 2022 March 2023 June 2023 -PCR PCR incl. Twoff 1.02% 0.97% 0.80% 0.83% 0.61% 0.44% 0.42% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Gross -Net * Not Annualized 20#21Credit Costs at Normalised Level Net Credit Cost by Business (bps) 1 43* 29* 42 33 (1) 39* 40 Q1 FY23 Q4 FY23 (4) Q1 FY24 apno ka bank | RBL Bank ■Wholesale ■ Retail • Not Annualized for the bank or at individual segment level for the quarter 21 515 149 494 150 (1) FY 22 FY 23 21#22Healthy Capital Adequacy Co#23Capital Adequacy - Well Capitalized Particulars June 2022 March 2023 June 2023 Tier 1 Capital Funds* 12,517 12,984 13,253 Tier 2 Capital Funds 1,180 1,424 1,434 Total Capital Funds* 13,697 14,408 14,687 Total RWA Tier 1 CRAR* Total CRAR* RWA/Total Assets 78,222 85,138 88,048 16.00% 15.25% 15.05% 17.51% 16.92% 16.68% 72.6% 73.5% • 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 74.4% 23#24Diversified Shareholding & Strong Rating Profile Shareholding by category (%) 7.9 1.8 0.0 Instrument Ratings Rating Basel III compliant Tier II bonds ICRA AA- (Stable) (Re-affirmed dated Sep 9, 2022) 25.9 18.3 33.4 Certificate of Deposits 12.7 Fixed deposit programme Individual/HUFS Foreign Corporates ■ VCF/MF/Pension Funds/Insurance FPI ■Body Coporates NRIS Others Total Foreign holding - 40.4%. Approved limit - 74% apno ka bank | RBL Bank CARE AA- (Stable) (Re-affirmed dated Oct 3, 2022) ICRA A1+ (Re-affirmed dated Sep 9, 2022) ICRA AA- (Stable) (Re-affirmed dated Sep 9, 2022) Short term fixed deposit programme ICRA A1+ (Re-affirmed dated Sep 9, 2022) 24#25NODODOO CODGOODOOD Growing Distribution Network Co#26Our Growing, Multi-Layered Distribution Network Locations Chandigarh 56 GIFT city 2 14 New Delhi branch Customers (Mn.) 11.15 11.30 11.77 12.00 12.91 13.65 March 2022 June 2022 Sep 2022 Dec 2022 March 2023 June 2023 24 15 29 Channel Breakup Channels Number of transaction points 15 June 2022 March 2023 June 2023 22 5 Total Touchpoints 1,804 1,683 1,635 137 23 Daman Branches 502 517 520 Metro (incl. GIFT branch) 290 301 303 Puducherry & Diu Urban 73 75 79 58 Semi-urban 74 73 72 Dadra & Nagar Haveli Branch, ATM, BC Rural 65 68 66 13 (56 Only Branch and ATM Banking Outlets (BOS) 289 298 298 BC Branches (incl. BOs) 1,302 1,166 1,115 Only BC Goa Of which RBL Finserve 789 821 795 Figures in circles refer to number of branches in given state/union territory apno ka bank | RBL Bank Of which for Microfinance 1,225 1,163 1,112 ATMs 417 414 414 26#27Our Aspirations For FY26 Co#28Our Aspirations For FY26 Building on existing "Core" Businesses and building scale in nascent verticals Key Financial Targets (FY24-FY26) Advances 20%+ CAGR Deposits 20% CAGR Focus on distribution led growth- Focal point of cross sell Granular Deposits 50%+ Average CASA Growth 1-2% p.a. Building a data led omnichannel customer first approach Share of New Businesses 30% Responsible Banking Retail Mix 60-65% Improving Diversity in Workforce - Being a relevant Employer for tomorrow's workforce PPOP Growth Higher than advances growth Customer Count RoA/ROE 1.4-1.5% / 14-15% by FY26 Touchpoints apno ka bank | RBL Bank Double to 26 mn 2,600 28#29Credit Card Update Co#30Growth & Market Share CIF RBL May'22 Industry RBL 4.6 M 3.8 M 76.9 M 19% Spends* 4,599 Cr 1,14,024 Cr Advances Market Share - Cards (#) 6.049 Cr ▲ 31% May'23 Source RBI Data Industry 87.7 M ▲ 14% 1,41,026 Cr ▲ 24% 14,076 Cr 1,54,854 Cr 17,638 Cr 25% 2,01,131 Cr ▲30% 5.0% 5.0% 5.2% 5.2% 4.8% 4.7% 3.6% ill 2.9% Mar 2019 Mar Mar Mar May Mar May 2020 2021 2022 2022 2023 2023 Mar 2019 apno ka bank | RBL Bank Market Share - Spends 5.1% 4.7% 4.1% 4.0% 4.4% 4.3% ILL Mar Mar Mar May Mar May 2020 2021 2022 2022 2023 2023 Market Share - Advances 10.8% 9.8% 9.2% 9.1% 8.7% 8.8% 6.0% Mar Mar Mar Mar May Mar May 2019 2020 2021 2022 2022 2023 2023 30 *Spends includes gross only as per RBI definition#31Credit Cards - Portfolio Trends Cards in Force (Million) Acquisition (Million) 0.63 0.59 0.55 0.52 4.52 4.56 4.61 4.41 4.24 0.43 4.10 3.91 ill Jun 2022 Sept Dec 2022 2022 Mar Apr May 2023 2023 2023 June 2023 Gross Advances Breakup (Cr.) 14,281 14,908 15,734 16,852 17,415 17,638 17,975 0.21 0.21 0.21 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Apr 23 May'23 Jun'23 Total Spends (Cr.) 17,591 16,562 15,821 29% 31% 31% 31% 32% 30% 14,129 31% 13,161 23% 22% 22% 22% 21% 23% 23% 48% 47% 47% 47% 47% 47% 46% Jun Sept Dec Mar Apr May Jun 2023 2023 2023 2023 2023 2023 2023 ■Term ■Revolver ■Transactor apno ka bank | RBL Bank 5,706 6,041 5,844 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Apr 23 May'23 Jun'23 31#32Credit Cards - Portfolio Trends Retail Spend # Consumer Loans ('000) 929 941 954 28,944 27,207 27,496 27,978 27,690 841 861 24,852 25,588 11,136 11,645 12,656 13,618 12,533 13,152 12,575 324 333 297 Q1'23 Q2'23 Q3'23 Q4'23 Retail Spend/Card Apr 23 May'23 Jun'23 Retail Spend/Active Card Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Apr 23 May'23 Jun'23 30 Day Retail Active E-com Spend Share 46% 47% 47% 45% 46% 47% 45% 55% 57% 58% 60% 59% 59% 59% 60% Q1'23 Q2'23 Q3'23 Q4'23 Apr'23 May'23 Jun'23 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Apr 23 May 23 Jun'23 Retail spends Increased YoY and QoQ # Retail Spend parameter are measured as of qtr end apno ka bank | RBL Bank 32#33Credit Cards - Customer Segment insights - Cards-in-Force New Sourcing For Q1 FY24 As on 30th June 2023 Salaried Self Employed (SE) mix City Tier Mix Carded Mix 1.26 1.45 0.93 33% 67% 0.82 3% 15% 36% 54% 10% 0.84 1.11 1.03 82% 0.95 Age Group Mix 0.74 1.16 20% 19% 61% 1.05 ■ Salaried ■ Self Employed ■TIER 1 ■ TIER 2 - TIER 3 ■ Carded ■ Bureau Tested - NTC ■ Under 30-31-45 ■ 45+ Salaried Self Employed (SE) mix City Tier Mix Carded Mix Indexed 90+ Age Group Mix apno ka bank | RBL Bank O 63% 37% 42% O 49% 9% 4% 30% 66% 16% 33% 52% ■ Salaried ■ Self Employed ■ TIER 1 TIER 2 TIER 3 ■ Carded Bureau Tested - NTC ■ Under 30-31-45 = 45+ Diversified exposure, expansion outside Tier-1 cities. 33#34Credit Cards - tighter control on new bookings resulting in delinquencies in line with industry. 18.0% 16.0% 6 MOB$30+ Comparison with Industry 12.0% $30+ Comparison with Industry 10.0% 14.0% INDUSTRY 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% M 8.0% RBL 6.0% 4.0% 2.0% 0.0% Q4 Q1 Q2 Q3 Q4 Q1 Q4 Q1 Q2 Q3 Q2 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY22 FY19 10.0% 8.0% 3MOB $30+ Comparison with Industry 12.0% 10.0% INDUSTRY 8.0% 6.0% RBL 6.0% 4.0% 4.0% 2.0% 2.0% 0.0% 0.0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY22 FY22 Mar'20 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21 Sep'21 $90+ Comparison with Industry Dec'21 Mar'22 Jun'22 Sep'22 Dec'22 INDUSTRY RBL Refer note below 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 apno ka bank | RBL Bank 34 Source TransUnion / CIBIL Mar'20 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 Refer note below Jun'22 Sep'22 Dec'22 Mar'23 Mar'23 INDUSTRY RBL#35Microfinance Update | cee Co#36Microfinance Distribution Network (82) (43) (39) (1) (2) 6 (39) 56 (47) 87 (14) 105 (82) 27 (6) 116 (41) 3 101 (58) Active BC Partners: 3 State & District Presence: (26) • (113) 21 States and 2 Union Territory (2) 16 • 405 Districts (50) 86 (67) 24 . 110000+ villages covered (83) Figures in brackets refers to branches of RBL Finserve apno ka bank | RBL Bank Microfinance Presence RBL Finserve (Exclusive) Other BCs (with Finserve) Branches: . • Microfinance Branches : 1,112 • RBL Finserve Branches: 795 Banking Outlets: 298 36#37Portfolio growth driven by new customers Net Advances Disbursements 7,132 4,852 5,021 5,963 6,517 MF Regulations - BRE and BCMS development 2,474 2,162 13% 12% 12% 31% 23 1,865 1,451 269 43% 265 173 145 87% 88% 88% 69% 57% 2,205 1,897 1,692 1,306 March 2021 March 2022 Dec 2022 March 2023 June 2023 15 Q1 FY23 Q2 FY23 Q3 FY23 RBL Finserve Q4 FY23 ■Other BCS Q1 FY24 RBL Finserve ■ Other BCs Average Ticket Size Average Portfolio Outstanding 43484 27587 27438 26589 26656 26056 42041 27182 27149 42367 27729 41095 24462 24817 25340 25953 41325 41086 42114 41885 39853 39499 38480 38442 36664 37470 Q1'FY23 Q2'FY23 -RBL 36889 Q3'FY23 Peer 1 Q4'FY23 -Industry April'23 20098 19556 16217 Source: Equifax Data as of April'23 apno ka bank | RBL Bank Mar'23 -Industry Apr 23 Peers: two largest banks, two SFB's and two prominent MFI's RBL Bank-Average Ticket Size June'23 40858 RBL Bank-Average Portfolio Outstanding June'23: 26927 37 June'22 Sep'22 RBL Dec'22 Peer 1#38Portfolio Concentration and Delinquency Trend Old Book vs New Book Portfolio Contribution % 1.68% 98.32% Old Book ■New Book *New Book Considered Portfolio originated on and after April-2021 Portfolio Comparison 68% 63% 56% RBL 42% Peer 1 ■Top 3 states ■Top 5 states Microfinance PAR - RBL* vs Peer/Industry 2.61% 2.07% 2.10% 1.65% 1.80% 1.36% 1.26% 1.06% 1.08% RBL_Apr 23 Peer 1 Apr 23 Industry Apr'23 30+ 60+ 90-179 apno ka bank | RBL Bank Peer Group-1 two largest banks, two SFB's and two prominent MFI's Source: Equifax for Peer Group-1 and Industry Data which is as of April 2023 57% 39% Industry Source Equifax- Data as of April-2023 38#39Marketing Update Co#40Awards & Accolades ASIAMONEY BEST BANK AWARDS 2023 BEST BANK FOR CSR IN INDIA Awarded Best Bank for CSR at the ASIAMONEY Best Bank Awards 2023 for the Bank's Direct implementation under its flagship CSR initiative - Umeed 1000! apno ka bank | RBL Bank 40#41Annexures Co#42Experienced Board 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. Ranjana Agarwal Non-Executive Independent Director Founder and managing partner of Vaish & Associates, Chartered Accountants 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. Vimal Bhandari Non-Executive Non Independent Director Executive Vice Chairman and CEO with Arka Fincap Limited (AFL 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. Chandan Sinha Non-Executive Independent Director Previously, Executive Director, RBI. Career - Central Banker for 35 years 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 42#43Board of Directors (Contd.) 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. Dr. Sivakumar Gopalan Non-Executive Independent Director Faculty of the Department of Computer Science and Engineering, IIT Bombay, since 1991 Mr. Gopal Jain Non-Executive Non-Independent Director Managing Partner and Founder of Gaja Capital, Founded Gaja Capital in 2004 apno ka bank | RBL Bank 43#44Professional 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 Mr. Rajeev Ahuja Executive Director (40) Previously, associated with Citibank India, Bank of America, India and Bankers Trust Company (35) Mr. Brijesh Mehra Head Wholesale Bank Previously, Country Manager, Royal Bank of Scotland N.V. and prior to that associated with Grindlays Bank Public Limited Company Mr. Jaideep lyer - Head Strategy Previously, Group President and Deputy CFO - Yes Bank Mr. Bhavtaran Singh (Sunny) Uberai (35) (25) Mr. Deepak Kumar Chief Risk Officer (35) Previously, associated with State Bank of India and member of RBI committees Chief of Staff Previously, associated with ABN Amro Bank and Arete Financial Partners, Singapore (37) Mr. Deepak Gaddhyan Mr. Alok Rastogi Head Branch & Business Banking Head Corporate Centre Previously, associated with ICICI Bank, Yes Bank Previously, associated with Yes Bank, CRISIL and CITI Bank (27) (27) Mr. Ravi Pichan Chief Information Officer Mr. Vijay Anandh Head of Retail Assets and Collections Previously, associated with Barclays Finance, ICICI Bank (28) (25) Previously, associated with HDFC Life, Larsen & Toubro Infotech, Capgemini, Figures in brackets are years of work experience in financial services apno ka bank | RBL Bank 44#45Professional and Experienced Leadership Team (Contd.) Mr. Pankaj Sharma Chief Operations Officer Previously, Head Retail Operations, Axis Bank (21) Mr. Prakash Gupta Chief Compliance Officer Previously, associated with Barclays, Credit-Suisse and Rabobank Figures in brackets are years of work experience in financial services apno ka bank | RBL Bank (26) Mr. R. Rajagopalan Head Internal Audit Previously, associated with HDFC Bank, Kotak Mahindra Bank Mr. N Hari Prakash Head Risk Control (30) Previously, associated with RBS Plc. India, ABN Amro Bank N.V., ICICI Bank and HDFC Bank (30) 45#46Balance Sheet Particulars June 2022 March 2023 June 2023 Liabilities Capital 600 600 600 Reserves and Surplus 12,252 12,977 13,277 Deposits 79,216 84,887 85,636 Borrowings 11,871 13,331 14,775 Other Liabilities 3,793 4,082 4,064 Total 107,732 115,876 118,353 Assets Cash & Balances with RBI 9,907 6,238 6,055 Balances with other banks 3,037 2,282 1,576 Investments (Net) 27,537 28,875 29,171 Advances (Net) 60,270 70,209 73,087 Fixed and Other Assets 6,981 8,271 8,464 Total 107,732 115,876 118,353 apno ka bank | RBL Bank 46#47Profit & Loss Statement Particulars Income Q1 FY24 Q1 FY23 Q4 FY23 FY23 FY22 Interest Earned 2,680 2,089 2,496 9,130 8,176 Interest Expended 1,434 1,062 1,285 4,678 4,149 Net Interest Income 1,246 1,028 1,211 4,451 4,027 Other Income 685 614 674 2,489 2,341 Total Income 1,932 1,641 1,885 6,941 6,367 Expenditure Operating Expenses 1,284 1,112 1,292 4,738 3,622 Employee Cost 341 309 357 1,340 1,002 Other Operating Expenses. 943 803 934 3,398 2,620 Operating Profit 647 529 594 2,202 2,745 Provisions 266 253 235 1,022 2,860 On advances 260 249 182 900 2,804 On others 6 4 53 122 57 Profit Before Tax 381 276 359 1,181 (115) Tax 94 75 88 298 (40) Profit After Tax 288 201 271 883 (75) apno ka bank | RBL Bank 47#48Consolidated Balance Sheet Particulars June 2022 March 2023 June 2023 Liabilities Capital 600 600 600 Reserves and Surplus 12,172 12,926 13,258 Deposits 79,216 84,875 85,604 Borrowings 11,871 13,332 14,776 Other Liabilities 3,840 4,074 4,053 Total 107,699 115,806 118,290 Assets Goodwill on Consolidation 41 41 41 Cash & Balances with RBI 9,907 6,238 6,055 Balances with other banks 3,044 2,289 1,583 Investments (Net) 27,392 28,730 29,025 Advances (Net) 60,270 70,186 73,066 Fixed and Other Assets 7,046 8,321 8,520 Total 107,699 115,806 118,290 apno ka bank | RBL Bank 48#49Consolidated Profit & Loss Statement Particulars Q1 FY24 Q1 FY23 Q4 FY23 FY23 FY22 Income Interest Earned 2,816 2,203 2,616 9,550 8,445 Interest Expended 1,434 1,062 1,285 4,679 4,148 Net Interest Income 1,382 1,141 1,331 4,871 4,297 Other Income 694 614 684 2,507 2,352 Total Income 2,076 1,755 2,015 7,378 6,648 Expenditure Operating Expenses 1,392 1,218 1,390 5,135 3,994 Employee Cost 429 390 437 1,653 1,332 Other Operating Expenses 963 828 953 3,481 2,662 Operating Profit 684 537 625 2,243 2,654 Provisions 266 253 235 1,022 2,860 On advances 260 249 182 900 2,804 On others 6 4 53 122 57 Profit Before Tax 418 284 390 1,221 (207) Tax 99 75 92 302 (40) Profit After Tax 319 209 299 920 (166) apno ka bank | RBL Bank 49#50Historical Performance FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 FY23 Q1 Particulars FY24 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 12,996 13,294 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 84,887 85,636 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 70,209 73,087 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 28,875 29,171 Net Profit 12 66 92 93 207 292 446 635 867 506 508 (75) 883 288 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 16.9 16.7 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 3.37 3.22 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 1.10 1.00 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 14.1 13.8 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 11,032 11,497 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) 0.83 1.01 (%) 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) 6.69 8.39 (%) BVPS 49.99 52.62 63.03 71.3 75.77 91.17 113.07 155.99 171.93 202.29 204.90 200.27 216.76 221.69 apno ka bank | RBL Bank 50#51Thank you apno ka bank | RBL Bank 51