IDFC FIRST Bank: Quarterly Income and Business Overview

Section 4: In addition to declared Wholesale NPA accounts, Bank has proactively identified the following wholesale accounts, which are standard on the books but are stressed or potential NPAs, and taken provisions for the same proactively. Client Description (Rs. Crore) Toll Road Projects in MH O/S Exposure Provision PCR% Comments 873 154 18% The repayment has been consistently delayed (SMA2) but account is regular as of date. Thermal Power Project in Orissa 534 534 100% Toll Road (BOT) project in MH 251 13 5% Diversified Financial Conglomerate in Mumbai 215 215 100% Wind Power Projects in AP, GJ, KN, RJ Logistics Company in Karnataka Solar Projects in RJ Toll Road Projects in TN 157 39 25% 0% Account suffers from delayed payments from Discoms. The account is regular as it is benefiting from the RBI Covid schemes. We expect the account to be resolved leading to a positive economic value to the Bank, as the account is fully provided for. Operating project, toll is being collected, account is being serviced. <5% of project work unfinished. Our exposure is to Housing Finance Company belonging to this distressed group. Lending banks are running a process for management change. We expect to partial recovery which will be PnL accretive to us, as the account is fully provided. Account servicing was earlier delayed. The project is now showing improved financial performance and is servicing debt regularly from cash flows from the project, with DSRA getting built up. However, the sponsor is still undergoing a resolution process. The group is a Bengaluru based Coffee Group, and has been under financial stress. The Bank has initiated legal proceedings against the company. The projects are performing well and have serviced debt regularly. However, the sponsor entity is undergoing resolution process leading to a deteriorating maintenance of the project. Lenders are putting together a maintenance plan. The account has been servicing debt. However, the sponsor entity is undergoing resolution process and the project requires additional cash flows for pending maintenance work. The project is generating required cashflows and is servicing debt. However, the parent entity is undergoing resolution. Repayments have been regular so far. 100 100 100% 83 83 34 10 30% Wind Power Projects in KN and RJ 17 17 100% Total Stressed Pool Identified Section 4: Assets Quality 2,264 1,082 48% 38 IDFC FIRST Bank

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