#1HDFC BANK Investor Presentation April 2022#2HDFC Bank at a glance Prominence #1 Private sector bank in India* US$ 100 + bn Market capitalisation 140K + Employees #1 Among BrandZ Top 75 most valuable Indian brand in 2020 (seventh consecutive year)# Market share 11.2% Advances 9.5% Deposits 46% Λ Acquiring volumes' 23% Credit cards in force (volume)^^ ^^ *in terms of asset size | #Released by WPP and Kantar| ^Domestic | ^^Feb'22 CSC BCS: Customer Service Centre - Business Correspondents | SLI: Sustainable Livelihood Initiative Unless otherwise stated, information is as at or for the year ended March 2022 HDFC BANK Reach >70 Mn Customer base 6.3K + Banking branches 21K + Banking outlets Social impact 737 cr CSR spend > 45K cr Contribution to exchequer 50% Branches in semi-urban and rural > 3 Mn Merchant acceptance points 15K + CSC - BCS#3Key highlights for the quarter HDFC BANK ₹ Gross advances increased by 20.7% to 13,805 Bn Net profit up by 22.8% to 100.55 Bn Deposits up by 16.8% to *15,592 Bn; CASA 48% Gross NPA 1.17% of gross advances Net interest margin^ at 4.2% 目 Cost-to-income ratio at 38.3% Net NPA 0.32% of net advances Capital adequacy ratio of 18.9% of which Tier I at 17.9% il (+) ज्ञ Standalone Indian GAAP figures (Bn = Billion); - Rupees; Net NPA = Gross NPA less specific loan loss provisions; ^interest earning assets, based on assets at 4.0%#4Network, customers and people Strong national footprint 6K+ branches 50% Semi-urban and Rural branches 15K+ CSCS & BCs 5,608 5,779 6,342 Mar'21 Dec'21 Mar'22 Branches 563 branches added in Q4'22 734 branches added in FY'22 HDFC BANK Customers and people 62 62 Mar'21 69 Dec'21 71 Mar'22 # of customers (Mn.) 1,34,412 1,20,093 Mar'21 Dec'21 1,41,579 Mar'22 # of employees Profit per employee of Rs. 0.28 crore in FY'22 Business per employee of Rs. 20.25 crore in FY'22#5Executed business growth 1,969 Loans 2.8x 5,586 2.5x Rs. Bn. 13,805 498 Mar'07 Mar'12 Mar'17 Mar'22 Rs. Bn. 13,805 12,722 11,433 21% 17% 14% Mar'21 Dec'21 Mar'22 Gross loans -YOY% Deposits 2.6x 6,436 Rs. Bn. 2.4x 15,592 2,467 683 Mar'07 Mar'12 Mar'17 Mar'22 Rs. Bn. 15,592 13,351 14,459 16% 17% 14% Mar'21 Dec'21 Mar'22 Deposits YoY% Net incremental loans: Rs. 2,37,206 crore in FY'22 39% retail loans; 35% CRB loans; 26% wholesale loans at Mar'22 ~Loans market share 2.4% in 2007; 3.9% in 2012; 6.8% in 2017 and 11.2%^ in 2022 Net incremental deposits: Rs. 2,24,157 crore in FY22 New liability relationships added: 2.4 mn in Q4'22; 8.7 mn in FY'22 ~Deposits market share 2.5% in 2007; 3.8% in 2012; 5.8% in 2017 and 9.5% in 2022 HDFC BANK ^Domestic#6Well diversified loan book HDFC BANK 26% Segment-wise loan mix 35% Retail CRB ■Wholesale Diversified retail loan mix 2% 10% 2% 39% 14% Retail Wholesale as per Basel - 44:56 26% 19% 27% PL AL ■Mort. Payments TW GL Other retail PL - Personal loans; AL - Auto loans; Mort. - Mortgages incl. home loans; Payments - Credit cards, Easy EMI etc.; TW - Two Wheeler loans; CRB - Commercial and Rural Banking (incl. agri.); Wholesale - Corporates and other wholesale#7Efficiency in profitability Consistent NIM profile & stable NII contribution NIM % Cost to Income and fee mix Cost to Income % 70 6.0 65 5.5 60 5.0 4.5 4.4 4.4 4.4 4.3 4.3 4.4 4.3 4.2 4.1 55 4.5 4.0 49.7 49.6 50 4.0 45.6 44.6 44.3 43.4 45 3.5 41.0 39.7 38.6 36.3 36.9 40 3.0 35 2.5 30 2.0 25 1.5 20 1.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 NIM based on average total assets NII to Net Revenue % Well diversified, high quality non-fund fee income 90 85 8% 7% 6% 7% 7% 20% 19% 18% 18% 20% 80 75 69 70 70 70 14 71 72 73 72 73 71 22 72 71 14 30% 36% 38% 33% 30% 70 65 18% 16% 17% 22% 23% 60 55 24% 23% 20% 19% 20% 50 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY18 Retail assets FY19 TPP FY20 Payment products FY21 FY22 Retail liabilities Wholesale HDFC BANK#8Change in loan mix driving change in NII and NIM Loan Mix and RWA Density 57 Economic slow down Covid19 Pandemic 80 57 54 54 53 53 52 70 52 62 60 48 60 47 47 46 46 48 43 43 50 40 40 FY12 FY12 and FY13 RWA as per Basel II FY14 onwards RWA as per Basel III Retail/Wholesale mix as per Basel classification 60 56 54 54 55 50 50 46 50 44 45 45 40 10 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 IRWA Density (%) Retail (%) Wholesale (%) NII growth and NIM 25 4.5 4.2 4.4 4.4 4.3 20 15 10 5 0 6.0 4.3 4.4 4.4 4.3 4.1 4.0 5.0 4.0 3.0 2.0 1.0 0.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 NIM based on average total assets INII growth (%) NIM (%) 1.8 1.9 2.0 2.0 1.9 2.0 1.0 Consistent RoA % 1.9 1.9 1.9 2.0 2.0 2.0 0.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 HDFC BANK#9Quality in growth and strong capital base Well-managed asset quality 6 5 4 3 Cross cycle experience with stable asset quality (GNPA%) 25 Healthy capital level Capital Ratio % 18.5 18.8 18.9 20 16.5 16.8 16.8 17.1 16.1 15.5 14.6 14.8 15 10 2 1.3 1.4. 1.3 1.3 1.0 1.0 1.0 0.9 0.9 1.1 1.2 5 1 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 HDFC BANK 1.32% 1.26% 1.17% 0.40% 0.37% 0.32% Mar'21 Dec'21 ☐ GNPA NNPA Mar'22 73% specific provision coverage at Mar'22 182% total coverage ratio at Mar'22 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar 22 Add-on equity capital issuances in FYr'15 and FY'19 Basel 3 norms Mar'14 onwards 18.8% 17.6% Mar'21 19.5% 18.9% 18.4% Dec'21 17.9% Mar'22 Total Capital Tier 1 Capital Adequately capitalised Well-positioned for growth#10Stable PAT Margin 32 PAT Margin (%) 32 36 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 HDFC BANK 10-year average PAT margin* of 33% *PAT margin - Ratio of Profit After Tax (PAT) to Net Revenue#11Consistent performance across cycles 85 2.1x Profit after tax 175 2.1x Rs. Bn. 370 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 HDFC BANK • 5-year CAGR of 20.5% Constant growth in EPS (Rs. 33.9 in FY'18 to Rs. 66.8 in FY'22)#12Balance sheet and capital productivity - Balance sheet productivity – Consistent RoA over long term Rs. Bn. 25,000 2.5 2.0 2.0 1.9 1.9 1.9 1.9 2.0 1.9 2.0 2.0 20,000 1.8 2.0 15,000 1.5 10,000 5,000 1.0 0.5 0.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Assets ROA % Capital productivity - Consistent returns to shareholders over long term 17.0 18.4 20.1 209 20.4 18.0 18.0 18.2 20.0 15.0 16.3 16.8 16.6 16.9 13.0 15.0 11.0 9.0 10.0 7.0 5.0 5.0 3.0 1.0 FY12 FY13 FY12 and FY13 Tier 1 capital as per Basel II FY14 onwards CET1 capital as per Basel III HDFC BANK 0.0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 ICET1 -ROE %#13Safe Harbour Statement Certain statements are included in this release which contain words or phrases such as "will," "aim," "will likely result," "believe," "expect," "will continue," "anticipate," "estimate," "intend," "plan," "contemplate," "seek to," "future," "objective," "goal," "project," "should," "will pursue" and similar expressions or variations of these expressions, that are "forward-looking statements." Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations. HDFC BANK