#1IndusInd Bank Investor Presentation Q2-2019-20 October 10, 2019#2Q2 - FY20 Performance Highlights Q2 FY 20 marked by strong growth in headline numbers; Consolidated PAT at Rs. 1401 crs up by 52% Strengthened Balance Sheet by improving PCR from 43% to 50% with accelerated provisions of Rs. 355 crs Q2 PAT without accelerated provisions at Rs. 1,667 crs up by 81% YoY and 16% QoQ ➤ Revenue growth of 32% YoY; Core fee up by 21% YoY; NIM up by 5 bps to 4.10% Credit growth up 21% and Deposit growth up 23%, well above industry growth ➤ Loan book quality stable ; GNPA at 2.19% and NNPA at 1.12% ➤ Credit Cost for Q2 at 18 bps, SMA2 at 58 bps Client base touches 23 million; on boarded 2 million during the quarter Strong Capital Adequacy with CRAR at 15.77% (incl H1 FY20 Profits) 2 IndusInd Bank#3Planning Cycle 4 (2017-2020) - Plan vs Outcome Resulting in Q2 FY20 Outcome Consolidated Loan Growth 25% - 30% 21% CASA Ratio 40% 41% Revenue Growth Exceed Balance 32% Sheet Growth > 2.4% 2.39% RORWA Branch Network Customer Base * includes 83 banking outlets 3 2,000 1753* Double to >20mn On track IndusInd Bank#4How We Measure Up On Key Metrics Net Interest Margin (NIM) ROA 4.05% 4.10% 2.05% 1.98% 15.44% 3.84% 3.83% 14.85% 3.59% 1.59% 1.62% 0.56% Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Cost / Income Net NPA 45.46% 43.41% 43.65% 43.42% 42.52% 0.59% 0.48% ROE 5.46% 18.45% 17.26% Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Revenue / Employee (Rs Lakhs) 1.21% 1.23% 63 63 1.12% 56 53 55 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Consistent delivery of strong operating performance 4 IndusInd Bank#5Ratings Domestic Rating: CRISIL AA + for Infra Bonds program CRISIL AA for Additional Tier I Bonds program CRISIL A1+ for certificate of deposit program IND AA+ for Senior bonds program by India Ratings and Research IND AA for Additional Tier I Bonds program by India Ratings and Research IND A1+ for Short Term Debt Instruments by India Ratings and Research International Rating: Baa3 as Issuer, Bank Deposits and Senior Unsecured MTN ratings by Moody's Investors Service P3 as Short Term Issuer Rating by Moody's Investors Service 5 IndusInd Bank#6Consolidated Financial Performance Consolidated post merger of BFIL (effective July 04, 2019 with appointed date Jan. 01, 2018) * * Previous year periods not comparable 6 Indusind Bank#7Steady Headline Numbers for Q2-FY20 Net Interest Income Rs. 2,909 crs Y-o-Y Growth Q-0-Q Growth 32% 2% Total Fee Income Rs. 1,727 crs 31% 4% Revenue Rs.4,637 crs 32% 3% Operating Profit Rs. 2,623 crs 32% 1% Rs. 1,401 crs 52% (2%) Net Profit 7 IndusInd Bank#8Top line momentum Y-o-Y Growth Q-0-Q Growth Advances Rs. 1,97,113 crs 21% 2% Deposits Rs. 2,07,193 crs 23% 3% CASA Rs. 85,838 crs 17% (1%) SA Rs. 58,117 crs 14% 1% Borrowings Rs. 44,558 crs 4% (10%) 8 IndusInd Bank#9Balance Sheet (Rs Crs) Q2FY20 Q2FY19 Y-0-Y (%) Q1FY20 Q-0-Q (%) Capital & Liabilities Capital 693 601 15% 693 Reserves and Surplus 32,171 24,763 30% 31,365 3% Share Warrant Subscription money 674 Deposits 2,07,193 1,68,220 23% 2,00,586 3% Borrowings 44,558 42,828 4% 49,764 (10%) Other Liabilities and Provisions 9,644 11,908 (19%) 10,638 (9%) Total 294,933 2,48,320 19% 2,93,046 1% Assets Cash and Balances with RBI 9,973 8,765 14% 9,797 2% Balances with Banks 5,306 9,567 (45%) 11,645 (54%) Investments 63,540 50,089 27% 60,734 5% Advances 1,97,113 1,63,145 21% 1,93,520 2% Fixed Assets 1,799 1,363 32% 1,774 1% Other Assets 17,202 15,391 12% 15,576 10% Total 2,94,933 2,48,320 19% 2,93,046 1% Business (Advances + Deposit) 4,04,306 3,31,365 22% 3,94,106 3% 9 IndusInd Bank#10Profit and Loss Account - Q2FY20 (Rs Crs) Q2FY20 Q2FY19 Y-0-Y (%) Q1FY20 Q-0-Q (%) Net Interest Income 2,909 2,204 32% 2,844 2% Other Income Total Income 1,727 1,317 31% 1,663 4% 4,636 3,521 32% 4,507 3% Operating Expenses 2,013 1,529 32% 1,916 5% Operating Profit 2,623 1,992 32% 2,591 1% Provisions & Contingencies 737 590 25% 431 71% Credit Cost 363 200 82% 304 19% Others 374* 390 (4%) 126 197% Profit before Tax 1,886 1,402 34% 2,160 (13%) Provision for Tax 485 482 1% 728 (33%) Profit after Tax 1,401 920 52% 1,433 (2%) Profit after Tax (excluding 1,667 920 81% 1,433 16% Accelerated provision) * Includes Rs. 355 crs of accelerated provisions 10 10 IndusInd Bank#11Key Financial Indicators Return on Assets PPOP ROE Cost Income Ratio Net Interest Margin Net NPA EPS (annualized, Rs. per share) Capital Reserves (Excl. Revaluation Reserve) (Rs. in crs) Q2FY20 11 Q2FY19 Q1FY20 1.98% 1.59% 2.05% 3.57% 3.34% 3.63% 17.26% 14.85% 18.45% 43.42% 43.41% 42.52% 4.10% 3.84% 4.05% 1.12% 0.48% 1.23% 80.88 61.27 82.74 33,216 25,005 31,734 IndusInd Bank#12Well Diversified Loan Book Loan Book (Rs crs) 144,954 186,394 61% 60% 193,520 197,113 46% 45% (Rs crs) Consumer Finance Sep-19 54% 55% 39% 40% FY18 FY19 FY18 and FY19 are not ■Consumer Finance Division comparable due to reclassification of BBG & MFI Vehicle Loans Comm. Vehicle Loans 56,472 29% 25,092 13% Jun-19 Sep-19 (Rs crs) Corporate Sep-19 Banking Large 48,319 25% Corporates Mid Size Corporates 19% Mid size Corporates 37,194 18% Small 4,148 2% Corporates Total 89,661 45% Advances Large Corporates 24% Corporate & Commercial Banking Small Corporates 2% Utility Vehicle Loans 4,009 2% Small CV 3,386 2% Two Wheeler Loans 4,799 2% Car Loans 7,013 4% Tractor 4,132 2% Microfinance 10% 14 Vehicle Finance 29% Non Vehicle Retail 16% Equipment Financing Non-Vehicle Loans Credit Card Loan Against Property Business Banking BL, PL, GL, AHL, Others Microfinance* Total Advances *includes BFIL 7,748 4% 18,884 10% 1,07,452 55% Indusind Bank 8,041 4% 32,096 16% 4,203 2% 8,785 4% 11,360 6%#13Diversified Corporate Loan Book Sector Real Estate SMA2 % (Rs.crs) 3.82% 28 Lease Rental 3.81% 48 Gems and Jewellery 3.73% INBFCs (other than HFCs) 3.68% 257* Power Generation 2.85% Steel 2.46% Services 2.00% 16 Housing Finance Companies SMA 1 Outstanding: 0.38% of loans SMA 2 Outstanding: 0.58% of loans Accounts in SMA1 & SMA2: 1.47% Telecom- Cellular 1.26% Other Industry 20.41% 794 Corporate Banking 45.49% 1,082 * Full Repayment Consumer Banking 54.51% 61 Total 100.00% 1143 expected by Oct 2019. Excl. this SMA2 at 0.45% 13 IndusInd Bank#14Well Rated Corporate Portfolio PERCENT 24% Investment Grade Sub Investment Grade 22% 20% 18% 10 F 16% 14% RATED 12% 10% PORTFOLLO I 8% 6% 4% 2% 0% + IB1 (AAA) Unsecured Non Fund Based % Secured Non Fund Based % Unsecured Fund Based % Secured Fund Based % IndusInd Bank IB2+ IB2 (AA) IB2- (AA-) IB3+ (A+) IB3 (A) IB3- (A-) (AA+) IB4+ (BBB+) IB4 (BBB) IB4- (BBB-) IB5+ (BB+) IB5 (BB) IB5- (BB-) IB6 (B) IB7 (C) IB8 (C) NPA (D) 14#15Behavioural Scoring affirms quality of Vehicle Financing Portfolio Vehicle Finance Portfolio-wise Risk Distribution - Sep'19 post [ 60.0% Behavioural Score (B-score) measures disbursement credit quality I using long range historical I data. B-score assesses every borrower risk using Current and Historical DPD, LTV, I 50.0% MHCV CAR-UTILITY CONSTRN LCV SCV TW 40.0% WARS: 1.86 Geography, Loan tenor, I Population % 30.0% Customer type, etc. 20.0% B-score is used for credit / portfolio quality 10.0% assessment, improving collection efficiency, cross- I 0.0% sell and is a lead indicator of I credit cost. Risk Ladder INSIGNIFICANT LOW 1 2 * WARS Scale MODERATE 3 * On a scale of 1 (least risk) to 6 (high risk) Q-o-Q Movement in Weighted Average Risk Score (WARS): ACCEPTABLE 4 HIGH 5 DEFAULT 6 Quarter Sep'17 Dec'17 Mar'18 Jun'18 Sep'18 Dec'18 Mar'19 Jun'19 Sep'19 WARS 1.89 1.84 1.73 1.77 1.80 1.82 1.75 1.82 1.86 15 IndusInd Bank#16Market rumours / comments on Exposure to Potentially Stressed Groups ■ Three groups, one each in Media / Diversified / Housing Finance sectors speculated as being stressed Bank's net funded and non-funded exposure to these groups is 1.1% of the loan book net of provisions held as under: % of Loans Q4FY19 Q1FY20 Q2FY20 Media Group 0.4% 0.4% 0.3% (1) Diversified Group 1.0% 1.0% 0.5% HFC 0.4% 0.3% 0.3% Total 1.9% 1.7% 1.1% Note 1: Holding Company exposures at 0.17% and OpCo Cash Flow exposures at 0.13% Consolidated security cover of 160% for the exposures held by us, of which marketable security in the form listed shares covers 37% of the total exposure as on date ■ Total exposure expected to reduce to 0.8% by end of October 2019 through repayments. All above accounts remain standard in the Bank's books 16 IndusInd Bank#17Commercial Real Estate Exposure (CRE) " Bank's CRE exposure comprises of 3.8% Real Estate Developer Loans (RE) and 3.8% Lease Rental Discounting (LRD) RE exposure is diversified across 71 projects with average ticket size of INR 108 cr LRD exposure is diversified across 122 projects with average ticket size of INR 61 cr. Exposures are effectively to cash-flows of lessee, typically across industries such as MNC hubs & IT. Interpreting MCA charges/dated prospectus for assessing banking exposures may not be reliable as evident in recent speculation on a HFC-RE Developer Group: ➤ In relation to this Group, the Bank disclosed to Stock Exchanges exposure of 0.35% of loans to their financing businesses. As on date this has reduced to 0.27%. ➤ Exposure to Real Estate businesses of the Group as on date is at 0.45% and expected to reduce to 0.2% with scheduled repayments / prepayments during the quarter. ➤ All exposures are fully / strongly collateralised with no overdues. 17 IndusInd Bank#18Improving CASA profile Building CASA traction Expanding branch network Focus on target market segments ➤ Government business ➤ Capital market flows ➤ Key Non Resident markets ➤ Launched branded Wealth offering "Pioneer" ➤ Self employed and Emerging Corporate businesses ➤ Transaction Banking and CMS Mandates Differentiated service propositions Current Account (CA) CASA Uptick 43.4% 43.6% 43.6% 43.1% 43.1% 41.5% 84,070 86,539 85,838 76,549 68,980 73,375 Q1FY19 Q2FY19 Q3FY19 CASA (Rs crs) Q4FY19 Q1FY20 % of Total Deposits Q2FY20 Savings Account (SA) 30.0% 30.4% 28.5% 28.0% 28.7% 28.0% 15.1% 15.1% 14.4% 13.4% 13.2% 13.5% 54,486 57,652 58,117 29,584 28,887 26,526 27,721 51,106 50,023 21,268 22,269 47,711 Q2FY20 Q1FY20 % of Total Deposits Q1FY19 Q2FY19 Q3FY19 Q4FY19 CA (Rs crs) 18 Q1FY19 Q2FY19 Q3FY19 SA (Rs crs) Q4FY19 Q1FY20 Q2FY20 % of Total Deposits#19Other Income Core Fee Securities/MM/FX Trading/Others Total (Rs Crs) Q2FY20 Q2FY19 Y-0-Y (%) Q1FY20 Q-0-Q (%) 1,468 1,218 21% 1,422 3% 259 99 162% 241 8% 1,727 1,317 31% 1,663 4% 1979 Indusind Bank#20Diverse Revenues from Core Fee Income (Rs Crs) Q2FY20 Q2FY19 Y-0-Y(%) Q1FY20 Q-o-Q(%) Trade and Remittances 182 151 20% 164 11% Foreign Exchange Income 277 223 24% 250 11% Distribution Fees (Insurance, 322 280 15% 302 7% MF, Cards) General Banking Fees 90 91 (1%) 90 Loan Fees 360 260 38% 338 7% Investment Banking 201 213 (6%) 235 (14%) PSLC 36 43 (16%) Total Core Fee Income 1,468 1,218 21% 1,422 3% Growth momentum continues on regular fee flows 20 20 IndusInd Bank#21Diversified and Granular Fee Streams - Q2-FY20 Corporate Banking (36%) Consumer Banking (49%) Trade and Remittances, 2% Trade and Remittances, 8% Foreign Exchange, 6% Foreign Exchange, 10% Investment Banking - Project Finance Advisory, 1% Investment Banking - Loan Syndication, 8% Investment Banking - Structured Finance, 3% Loan Processing - Small Corp, 1% Loan Processing - Medium Corp, 1% Loan Processing - Large Corp, 4% Trading and Other Income (15%) Distribution, 19% General Banking, 5% Loan Processing, 15% Securities/MM/FX Trading/Others, 15% PSLC, 2% 21#22Yield / Cost Movement 10.00% 12.04% 6.70% 5.90% Q2FY20 Corporate Bank Consumer Finance Total 9.99% 12.00% 6.86% 5.94% Q1FY20 Yield on Assets Yield on Advances Cost of Deposits Cost of Funds •Yield on Assets/Cost of funds are based on Total Assets/Liabilities Outstanding (Rs crs) Segment-wise Yield Q2FY20 Yield (%) Q1FY20 Outstanding (Rs crs) Yield (%) 89,661 9.02% 89,664 9.06% 1,07,452 1,97,113 14.65% 1,03,856 14.57% 12.04% 1,93,520 12.00% 22 22 IndusInd Bank#23Credit Cost FY15 FY16 FY17 FY18 FY19 Q1FY20 (Rs Crs) Q2FY20 HY FY20 Corporate Bank Consumer Finance 144 258 401 468 2,134 67 101 168 195 244 303 433 585 237 262 499 Gross Credit Costs 339 502 704 901 2,719 304 363* 667* Gross Credit Costs 49 57 62 62 146 16 18* 34* (Basis Points on Advances) Net Credit Cost 323 468 672 856 2,689 293 348* 641* Net Credit Costs (Basis Points on Advances) 48 53 59 59 144 15 18* 33* PCR 63% 59% 58% 56% 43% 43% 50% 50% * Excluding accelerated provision of Rs. 355 crs (18 bps) 49% 43% 48% 58% 55% 78% 72% 75% 51% 57% 52% 42% 45% 22% 28% 25% FY15 FY16 FY17 FY18 FY19 Corporate Loan Book Q1FY20 Q2FY20 HYFY20 Consumer Finance Loan Book 23 33 IndusInd Bank#24Loan Portfolio - Movement in NPA and Restructured Advances Opening Balance Additions Deductions Gross NPA Net NPA % of Gross NPA % of Net NPA Provision Coverage Ratio (PCR) Restructured Advances Restructured + Gross NPA to Advances *After sale to ARC Rs. 103 crs (Rs. 47 crs) # Corporate Technical slippage Rs. 142 crs (Rs Crs) Q2FY20 Q1FY20 Corporate Consumer Total Corporate Consumer Total 2,903 1,297 4,200 2,841 1,106 3,947 479# 623 1,102 175 550 725 450# 482 932 113 359 472 2,932 1,438 4,370* 2,903 1,297 4,200* 2,203 2,381 2.19% 2.15% 1.12% 1.23% 50% 0.11% 2.33% 43% 0.08% 2.25% 24 IndusInd Bank#25NPA Composition - Consumer Finance (Rs Crs) Q2-FY20 Com. Vehicle Utility Const. Equip. CV Small TW Cars Tractor BBG/LAP HL/PL/O thers Cards MFI Total Gross NPA 361 48 79 59 155 52 65 Gross NPA % 1.43% 1.20% 0.97% 1.72% 3.16% 0.73% 258 1.57% 1.27% 1.04% 81 102 2.40% 178 1,438 0.94% 1.34% Q1-FY20 Com. Vehicle Utility Const. Small Equip. CV TW Cars Tractor BBG/LAP HL/PL/O thers Cards MFI Total Gross NPA 324 48 66 Gross NPA % 1.30% 45 1.23% 0.84% 1.38% 3.56% 0.76% 1.49% 169 52 56 266 1.35% 72 111 1.02% 2.22% 0.61% 88 1,297 1.24% 25 25 IndusInd Bank#26CRAR 30 Sep 19 Basel - III 30 Sep 19 Incl. H1 FY 20 PAT 30 Jun 19 (Rs Crs) 30 Jun 19 Incl. Q1 Basel - III PAT Credit Risk, CVA and UFCE 2,04,955 2,04,955 1,99,418 1,99,418 Market Risk 9,282 9,282 8,690 8,690 Operational Risk 22,986 22,986 Total Risk Weighted Assets 2,37,223 2,37,223 22,986 2,31,094 22,986 2,31,094 Core Equity Tier 1 Capital Funds 30,363 32,912 29,955 31,261 Additional Tier 1 Capital Funds 3,490 3,490 3,490 3,490 Tier 2 Capital Funds 1,016 1,016 993 993 Total Capital Funds 34,869 37,418 34,438 35,744 CRAR CET1 Tier 1 Tier 2 14.70% 15.77% 14.90% 15.47% 12.80% 13.87% 12.96% 13.53% 14.27% 15.34% 14.47% 15.04% 0.43% 0.43% 0.43% 0.43% 26 Indusind Bank#27Distribution Expansion to Drive Growth Gujarat 148 J&K S Strengthening Distribution Infrastructure Dec. 31, Mar. 31, Jun. 30, Sep. 30, HP 14 Particulars 2018 2019 2019 2019 Punjab 163 Chandigarh 13 IBL Branches/Banking Outlets 1,558 1,665 1,701 1,753* Uttarakhand 31 Haryana 158 NCT of Delhi 64 BFIL Branches 1,938 2,028 Arunachal Pradesh Sikkim.3 Assam Rajasthan 235 UP 326 Bihar 270 Mughalaya 4 Nagaland 2 Manipur 3 Vehicle Finance Marketing Outlets 869 845 855 842 MP 210 Jharkhand 115 Tripura 18 Total Branches/Outlets WB 264 Mizoram 2 Chhattisgarh 102 ATMs 2,427 2,510 4,494 4,623 2,453 2,545 2,605 2,662 Daman & Dis Maharashtra Goa 13 382 Telangana 136 Andhra Pradesh 129 Karnataka 321 Pondicherry Kerala Tainil 148 Nadu 130 Odisha 298 Note: Numbers given above are total branches in each state *includes 208 specialized branches and 83 Banking outlets 27 • Branch/Representative Office •Strategic Alliance London Dubai Doha Abu Dhabi IndusInd Bank#28Shareholding Pattern September 30, 2019 NRIS/ Director/ Others. 2.94% *includes FPIS Individuals 6.69% MFs / Banks/ Insurance Co 15.62% Promoters 13.04% Private Corporates 5.15% GDR issue 9.33% 28 *FIIS 47.23% Indusind Bank#29Initiatives for FY20 BFIL Merger Liabilities Surge Fee Growth Retail Asset Growth Merger consummation Scaling up liabilities & RDSP (Kirana Stores) pilot Digital / Alternate Channels • Pioneer - Banking for well-off Retailisation via Household acquisition ramp-up • Non-Resident Indians Match liabilities growth with asset growth Productivity . . Distribution fees for wealth products Ramp up retail Trade & FX fees Continued market share gains in vehicle finance • LAP / BBG to accelerate . Calibrated growth on unsecured Para-banking . Corporate Risk Management Unit Business level Portfolio Monitoring Unit Diversification by ticket size, geographies, sectors, tenure • Insurance (Life & General) • Asset Management . • Retail Broking · Superior Client Experience · Cost efficient branch expansion . . Intensive collaboration with . Robot based Process FinTech ecosystem • Scale up digital sourcing of assets & liabilities Automation Continued investments in Talent • and Technology 29 29 . Specialization in select domains Regulatory clarity awaited IndusInd Bank#30Accolades 30 50#31Accolades N BACK ON Mr. Romesh Sobti, MD & CEO Honoured with the 'Lifetime Achievement Award' at the Financial Express India's Best Banks Awards held in Mumbai on September 30, 2019. 31 IndusInd Bank#32Accolades Certificate of Recognition This cycute is awarded to Indusind Bank for prats al pomitry Praction Caponin Abhimanya the eve of lovense day o 150 Aug 2019 ar Dow Lal Sadia m IndusInd Bank has been awarded with the Best Corporate Social Responsibility Practices (CSR) Award by the Haryana Government Arst Klates, ill 32 32 IndusInd Bank#33Accolades 10 10 10 DIGITAL MARKETING Free Care CM ADA AWARD FOR EXCELLENCE IN DIGITAL MARKETING DUO indust Bank CMO AWARD FOR EXCELLENCE IN DIGITAL MARKETING NEXT Indusind flane IndusInd bank wins three awards at CMO Asia Awards 2019 ceremony held in Singapore Best Search Campaign - IndusForex campaign Best Digital Campaign - IndusInd Bank NEXXT Card Best Digital Integrated Campaign - IndusInd Bank DUO CARD 33 83 IndusInd Bank#34Accolades JCB BEST FINANCIER BACKHOE 2018 IndusInd Bank received 2 awards at JCB Awards 2018. . BEST FINANCIER FOR 2018 INDUSING BANK • BEST FINANCIER - BACKHOE LOADER 2018 34 === IndusInd Bank#35Thank You#36Disclaimer 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. 36 IndusInd Bank