Investor Presentaiton

Note: Market Cap as on May 31, 2023 Source: Capitaline, BCG Analysis Kotak ICICI HDFC 4.8 Key Performance Indicators Banks & NBFCs Mixed performance in valuation for Pvt. Banks in FY23, however, they continue to command premium valuation vs PSUs Price/Book for Private Banks % Axis Market Cap¹ 396 663 901 282 43 100 (Rs'000 Cr) Return since Mar'22 (%) 15% 8% 0.3% 76 Bandhan IndusInd 3.4 3.2 2.3 2.2 1.8 1.8 1.6 1.6 1.2 .1.2 1.2 1.0 0.9 0.7 IDFC 59 IDBI 47 47 59 5 6 27 22 Federal 47 47 Yes 7% 37% 20% 30% 22% 13% -0.5% -5% 8% 2% 10% 15% 17% 11% 18% 15% + 6 9. 10 10 RBL J&K Mar 22 Mar 23 May 23 0.6 0.6 0.5 0.5 Karnataka 6 5 4 0.4 17 SIB Dhanlaxmi Copyright © 2023 by Boston Consulting Group. All rights reserved.

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