Bajaj Allianz Corporate Update

BFL - Key Highlights Q1 FY 2023-24 AUM & Business Franchise Growth B FINSERV BAJAJ ■ Core AUM as on 30 June 2023 stood at Rs. 2,70,097 Cr vs Rs. 2,04,018 Cr last year (32% growth); AUM growth in Q1 FY24 was Rs. 22,718 Cr ■ 99.4 Lakh new loans booked in Q1 FY24 as against 74.2 Lakh in Q1 FY23 ■ In Q1 FY24, BFL acquired 38.4 Lakh new customers v/s 27.3 Lakh in Q1 FY23 ■ Total customer franchise stood at 7.3 Cr as of 30 June 2023 - 21% growth YOY NIM Metrics, Liquidity and Operating Expense Credit Costs ■ Net Interest Income (NII) for Q1 FY24 was Rs. 8,398 Cr vs Rs. 6,640 Cr in Q1 FY23; Continues to protect margin profile across all businesses ■ As of 30 June 2023, deposits book stood at Rs. 49,944 Cr - growth of 46% YoY; Contribution to consolidated borrowing was 21% ■ In Q1 FY24, Opex to NII improved to 34.0% vs 35.9% in Q1 FY23; Company continues to invest in teams and technology for business transformation. Investing in Social and Rewards platform in FY24. Loan losses & provisions for Q1 FY24 were Rs. 995 Cr vs Rs. 755 Cr in Q1 FY23; BFL holds a management overlay position of Rs. 840 Cr as of 30 June 2023 ■ GNPA & NNPA stood at 0.87% and 0.31% as of 30 June 2023 as against 1.25% and 0.51% as of 30 June 2022 13

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