Investor Presentaiton

Investment Rationale One of A Kind Bank J&K Bank - ■ Unique blend of Commercial Bank, Development Financial Institution & Financial Services provider Private sector bank despite J&K Government's majority holding (~70%) Designated as RBI's agent for carrying out banking business for the Government of J&K UT and Ladakh UT Designated by Central Government for implementation of various flagship programs in J&K First private sector bank assigned lead bank responsibility in J&K UT Conducts major portion of banking business of Central Government in J&K; Collection Agent for utility services in J&K A Regional Goliath The dominant bank in J&K and Ladakh with 811 & 36 branches, 1247 & 49 ATMs respectively in the two UTs, thus covering the entire 2 UTs with branches in every block Serves a large community of approx. 12.5 million population, with 10.0 million account holders in the Bank Inherent strength in terms of its dominant position in J&K remains intact, with 64%* business share in the UT Diversified Business Portfolio J&K Bank Financial Services Ltd., the wholly owned subsidiary of the Bank, provides depository services and offers stock broking services Distributor of life insurance products of PNB MetLife, and general insurance distribution partner for Bajaj Allianz & Iffco Tokyo. Sponsor of J&K Grameen Bank (Regional Rural Bank) Improved Asset Quality and Return Ratios 剑 • With improvement in business environment, overall asset quality to be stable with slippage control and better recovery Most of the problematic or low rated corporate accounts already downgraded with significant provision coverage Bank expects credit cost to moderate to -100 bps in FY 2022, thus improving RoA / ROE Persistently Improved Valuation A Management is focused on purging the balance sheet, growing the J&K business and monitoring / resolving problematic assets outside the home turf Improvement in income visibility due to margins uptick, cost control, peaking out of balance sheet stress and improved outlook on resolution - all leading to a persistently improved valuation * UTLBC Data 31

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