Awards & Recognitions

d. Core Pre-provisioning Operating Profit Strong growth in Operating Profit % 0.32% H1 FY19 (Annualized) (Pre-merger standalone Bank) Core Pre-Provisioning Operating Profit (PPOP) as a % of Average Total Assets 1.56% 1.22% 1.11% 0.76% Section 9: Profitability & Capital 2.14% H2 FY19 (Annualized) (Post-merger) FY20 FY21 FY22 FY23 • The bank has improved the core pre-provisioning operating profit despite investment in growing the bank. As the retail lending business is profitable with more than 20% incremental ROE, the Bank is able to absorb the expenses needed to invest for building the bank. In Q4-FY23, the Core PPOP was at 2.36% (annualized) as a % of average assets, as compared to 1.86% in Q4-FY22 * H2-FY19 actual annualized 55 IDFC FIRST Bank

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