Awards & Recognitions

c. Cost to Income Ratio Breakup of Cost to Income Ratio by segment • The cost to income ratio has come down for every business line. Section 9: Profitability & Capital • The retail & commercial finance and wholesale banking already have low cost to income ratio The only two businesses that are dragging down the overall cost to income ratio are Liabilities and Credit Cards, but this could not be avoided as the bank is in set up stage. As these businesses get scale and vintage, this will automatically get addressed and bank level cost to income ratio will naturally come down Retail & Commercial Assets 63.4% 55.0% Wholesale Banking 38.1% 31.6% FY22 FY23 FY22 FY23 Liabilities Credit Cards 198.0% 240.0% 173.7% 164.6% FY22 FY23 FY22 FY23 53 IDFC FIRST Bank

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