IDFC FIRST Bank Merger and Performance Update

7. Profitability trend in the last 8 quarters (2.2) (6.2) (6.8) Q4FY19 Q1FY20 Profit after Tax (INR bn) Q2FY20 (16.4) Q3FY20 0.7 0.9 1.0 1.3 Q4FY20 Q1FY21 Q2FY21 Q3FY21 The Bank took provisions against the identified legacy wholesale accounts such as a housing finance company, a financial conglomerate and some infrastructure accounts during the initial periods post-merger, and such provisions reduced the net-worth. This coupled with low yield infrastructure loans kept earnings suppressed post merger. During the last 8 quarters post merger, the bank has increased the NIM to a healthy 4.65% (Q3 FY21) and PPOP of the bank has registered an increase, resulting in positive PAT over the last 4 quarters 26 IDFC FIRST Bank

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