Highlights of Q3 FY22 Results

Q3-FY22 results - Asset Quality Asset Quality Parameters improved during the quarter • • • • • • Section 5A Management Commentary on Q3 FY22 Results Bank's Gross NPA has reduced from 4.27% as on September 30, 2021 to 3.96% as on December 31, 2021. The Net NPA has reduced from 2.09% as on September 30, 2021 to 1.74% as on December 31, 2021. The above mentioned NPA figures includes one large toll road Account of Rs. 819 crore which is an operating toll account and we expect no material economic loss to the principal. Excluding this account, the Gross NPA and Net NPA of the Bank would have been 3.24% and 1.14% as of December 31, 2021. The Provision Coverage Ratio of the Bank improved from 52% as on September 30, 2021 to 57% as of December 31, 2021. Excluding the abovementioned account and including the technical write-offs, the Provision Coverage Ratio would have been 75%. Our Gross NPA and Net NPA on Retail and Commercial Loans has reduced to 2.92% and 1.28% respectively (GNPA of 3.45% and NNPA of 1.66% as on September 30, 2021). GNPA and NNPA in Retail is decreasing and we maintain our outlook that this will further reduce to 2% and 1% respectively in due course based on current trends. On the Wholesale side (Corporate and Infrastructure), most of the legacy accounts has been accounted for and we are left with very few troubled accounts on this count. Our Gross NPA on Infrastructure Book is 20.07% and Net NPA of 11.58%. Since merger, we have already brought down the book from Rs. 22,710 crore to Rs. 8,051 crore (degrowth of 65%). 46 IDFC FIRST Bank

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