Operating Leverage and Recent Developments

Explaining Returns Q1 FY22 Q4 FY22 Q1 FY23 QoQ YOY Interest Income 17.2% 15.2% 15.5% 35bps -169bps Fees and other Income 18.0% 19.1% 19.3% 24bps 128bps Recoveries 1.3% 1.9% 1.7% -23bps 34bps Total Revenue 36.6% 36.1% 36.5% 36bps -6bps Finance Costs 3.4% 3.2% 3.5% 25bps 3bps Net Revenue 33.2% 32.9% 33.1% 11bps -10bps Operating Costs 17.4% 18.9% 18.6% -29bps 121bps Earnings before Credit Costs 15.8% 14.0% 14.4% 40bps -130bps Credit Costs # 9.6% 4.7% 5.0% 33bps -459bps PBT 6.1% 9.3% 9.4% 7bps 329bps Taxes 1.6% 2.4% 2.4% 2bps 82bps ROAA 4.5% 7.0% 7.0% 5bps 247bps Avg Assets/Avg Equity ROAE 4.1 18.7% 4.4 4.4 30.4% 30.8% 44bps 1217bps # Credit costs include release of additional wave 3 overlay of Credit costs/Average Assets ex release of 76 Cr in Q4 FY22 76 Cr in Q4 FY22 at 5.6% in Q4 FY22 OSBI Card 11

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