Investor Presentaiton

• Setting In my view, this excercise could not have come at a better time, the environment we are in right now needs 'all hands on the deck' in the context of:- Worsening fiscal deficit, which stood at 8.6 of GDP in 2020 from 5.3% in 2019 Gross public debt (including domestic arreas) rose to nearly 48% of GDP from 38% in 2019 Inflation increased from 2.6% in 2019 to 4% in 2020 ⚫ On the banking sector none performing loans increased. • So clearly this backdrop is begging for urgent action.

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