Highlights of Q3 FY22 Results

In addition to the declared NPAs, the Bank has proactively identified stressed accounts out of the standard accounts, and provided for the same. Section 5D: Asset Quality PCR Client Description (Rs. Crore) O/S Exposure Provision % Thermal Power Project in Orissa 501 501 100% Housing Finance Arm of a large Corporate Conglomerate 215 215 100% headquartered in Mumbai Wind Power Projects in AP, GJ, KN, RJ 150 40 40 Logistics Company in Karnataka Solar Projects in RJ 100 100 79 Comments 26% 100% 0% Account suffers from delayed payments from Discoms. We expect the account to be resolved leading to a positive economic value to the Bank, as the account is fully provided for. Our exposure is to Housing Finance Company belonging to this distressed Conglomerate engaged in infrastructure, financial services, media etc. Lending banks are running a process for management change, where a new potential owner has been identified by the CoC. We expect to get partial recovery which will be P&L accretive to us, as the account is fully provided. Account servicing was earlier delayed. The project is now showing improved financial performance and is servicing debt regularly from cash flows from the project, with DSRA getting built up. However, the sponsor is still undergoing a resolution process. The group is a Bengaluru based Coffee Group, and has been under financial stress. The Bank has initiated legal proceedings against the company. An RP has been appointed to manage the company affairs and look for potential bidders. RP along with the COC is working towards identifying appropriate resolution plan. The projects are performing well and have serviced debt regularly. However, the sponsor entity is undergoing resolution process leading to a deteriorating maintenance of the project. Lenders have put together a maintenance plan – we expect economic value to be preserved. The account has been servicing debt. However, the sponsor entity is undergoing resolution process and the project requires additional cash flows for pending maintenance work. The project is generating required cashflows and is servicing debt. However, the sponsor is undergoing resolution. Repayments have been regular so far. Toll Road Projects in TN 27 10 37% Wind Power Projects in KN and RJ 11 11 100% Total Stressed Pool Identified 1,083 877 81% The Identified Stressed Book of Rs. 1,083 crore has a Provision Coverage of 81% as on December 31, 2021. 68 IDFC FIRST Bank

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