Operating Leverage and Recent Developments

Asset Quality Figures in Cr SBI card Stage Wise Receivables Q1 FY22 Q4 FY22 Q1 FY23 QoQ YoY Impairment and losses 645 393 450 15% -30% Gross Credit Costs 24,438 31,281 33,215 645 393 448 14% -31% Recoveries (88) (157) (148) -6% 68% 2.2% 3.9% 2.2% 8.3% 8.5%0 Net Credit Costs 557 236 300 27% -46% 12.8% Gross Credit Cost % 10.4% 5.2% 5.6% 35bps -486bps 83.2% 89.3% Net Credit Cost % 9.0% 3.1% 3.7% 60bps -528bps ECL % Q1 FY22 5.7% 3.5% 3.4% -8bps -230bps ■Stage 1 Q4 FY22 Stage 2 89.5% Q1 FY23 ■Stage 3 GNPA 3.91% 2.22% 2.24% 2bps -167bps Q3 FY20 (Pre-COVID) - Stg1: 89.4%, Stg2: 8.2%, Stg3: 2.5% NNPA 0.88% 0.78% 0.79% 1bps PCR 78.2% 65.3% 65.1% -14bps -8bps -1313bps ECL Provisions 6.6% 5.7% 5.0% 4.0% 3.5% 3.4% 5.4% 4.7% 4.2% 3.4% 3.3% 3.3% Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22 • Without overlay With overlay # Credit costs include release of additional wave 3 overlay of 76 Cr in Q4 FY22 Gross Credit costs % ex release of 76 Cr in Q4 FY22 at 6.2 %. Net Credit costs % ex release of 76 Cr in Q4 FY22 at 4.1% Stage Wise ECL Provisions 1,397 1,094 1,136 78.2% 65.3% 65.1% 10.4% 7.0% 5.8% 1.6% 1.6% 1.7% Q1 FY22 Q4 FY22 Stage 1 Stage 2 Q1 FY23 Stage 3 16

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