Awards & Recognitions

e. Legacy High Cost Borrowings Section 6: Deposits & Borrowings Bank continues to successfully run down the legacy high cost long term borrowings Balance In Rs. Cr Rol (%) As on Mar-22 As on Mar-23 FY24 FY25 FY26 Beyond FY26 Infrastructure Bonds 9,111 6,915 918 5,149 848 0 8.91% Long Term Legacy Bonds 6,663 6,411 1,565 1,231 3,615 0 9.07% Other Bonds 3,539 1,533 765 124 311 334 8.82% Refinance 5,867 2,814 1,884 930 0 0 8.24% Total 25,180 17,673 5,132 7,434 4,773 334 8.86% Because we have a DFI background, the legacy borrowings are costing the bank rather high rate of 8.86%. To simulate, if the Bank had replaced all high-cost legacy borrowings with the current cost of funds, a. The PAT would be higher by Rs. 98 crores in Q4-FY23 b. The return on equity (annualized) for Q4-FY23 would be higher by ~160 bps. 29 IDFC FIRST Bank

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