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Investor Presentaiton

Government bond auctions Government Bonds - Tenorwise Issuance 21% 29% 27% 35% 35% 79% 71% 63% 65% 65% FY17 FY18 FY19 FY20 H1FY21 >15yrs 1,54,520 1,80,529 2,04,000 2,38,000 1,38,000 ■ <=15yrs 3,73,525 4,97,579 3,82,941 4,44,000 5,26,000 Total 5,28,045 6,78,109 5,86,941 6,82,000 6,64,000 Auction of >15 year maturity bonds has been ~25-30% on an average facilitates writing annuity business at scale Budget estimate plan for government borrowing for FY21 at Rs. 12 trillion on gross basis The actual borrowing till H1 is 55% of the budget 43 Source: CCIL & National Statistics Office, Union Budget, RBI Rs Cr HDFC Life

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