Investor Presentaiton

Corporate bond issuances decline in Q3 after several quarters due to elevated yields; softer growth of wholesale credit amid higher rates Bond issuance quantum ( billion) -35% 25.0% 2,961 3,000 2,629 2,000 20.0% 1.937 15.0% 1,000 10.0% 0 5.0% Q1 2023 Q2 2023 Q3 2023 0.0% No of Issuers ~360 -330 ~360 Source: Prime Database, RBI *Data may get revised by Prime Database 14 Jan-20 May-20 Jul-20 Nov-20 Mar-20 20-Sep Credit Growth Jan-21 Mar-21 May-21 Jul-21 Credit growth (%) Wholesale Credit Growth Sep-21 Nov-21 Jan-22 Mar-22 Jul-22 May-22 Sep-22 Nov-22 Retail Credit Growth Jan-23 Mar-23 Jul-23 Sep-23 May-23 CRISIL An S&P Global Company 18.2% 15.3% 13.9% © 2023 CRISIL Ltd. All rights reserved.

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