Operating Performance Q3 FY23

Subsidiaries and JVs Performance IndiaFirst LIFE INSURANCE IndiaFirst Life Insurance Co. Ltd. (Subsidiary Holding - 65%) IndiaFirst Life recorded YoY growth of 33% in Individual New Business APE and 27% YoY Growth on Total New Business APE for 9MFY23 ☐ AUM as of December 31, 2022 stands at INR 21,078 crore with 18% YoY growth. IndiaFirst Life improved its 9MFY23 ranking by 1 position to 10th on Individual New Business APE as compared to FY22 (among private peers) Market share amongst Private Insurers stands at 2.7% for 9MFY23 (Individual NB APE terms). Gross premium income stands at INR 4,200 crore for 9MFY23. ☐ Net loss for 9MFY23 stands at INR 25 crore. BOB Financial - Credit reimagined - A wholly owned subsidiary of Bank of Baroda BOB Financial Solutions Limited (Subsidiary Holding -100%) Number of Cards (Card base) as of December 31,2022 stood at approx. 17.52 lakhs New Credit Cards issuance in Q3FY23 grew by 231% compared to Q3FY22 Spends in Q3FY23 grew by 163% compared to Q3FY22. Net Profit for Q3FY23 stands at INR 5.46 crore. Credit rating of A1+. CRAR as of December 30, 2022 is at 21.64%. Baroda बैंक ऑफ़ बड़ौदा Bank of Baroda BNP PARIBAS MUTUAL FUND विजया VIJAYA Baroda BNP Paribas Asset Management India Pvt. Ltd. (Subsidiary Holding - 50.1%) सेना DENA ☐ Following the JV, our product range, AUM as well as share of equity AUM has increased substantially with touch points over 120 cities across India. ☐ Overall AAUM for Q3FY23 stands at INR 25,732 crore. This includes the offshore advisory AAUM of INR 1,988 crore. Average AUM is higher by 4% QoQ. Equity and Fixed Income Average AUM grew by 6% and 3% QoQ respectively. Gross Revenue for Q3FY23 is INR 28.31 crore increasing by 12% on a QoQ basis. ☐ Net loss for Q3FY23 stands at INR 2.63 crore including one time amortization cost and goodwill amortization. Note: APE stands for Annualised Premium Equivalent, where single premium is considered at 10% © 2023 Bank of Baroda. All Rights Reserved Page | 37

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