IDFC FIRST Bank Merger Performance and Strategy Update

d. Core Pre-provisioning Operating Profit Section 8: Profitability & Capital 45% YoY growth in Core Operating Profit (excluding trading gains) during Q1 FY24 The core operating profit (excluding trading gains) increased by 45% against the overall loan book growth of 25%. This demonstrates the power of incremental profitability of the core business model. Core Pre-Provisioning Operating Profit (In Rs. Crore) (Pre-merger standalone Bank) 397 H1 FY19 (Annualized) 4Y CAGR: 43% 2,753 67% 44% (Post-merger) 1,909 1,764 8% 1,105 60% H2 FY19 (Annualized) 4,607 45% 1,427 987 FY20 FY21 FY22 FY23 Q1 FY23 Q1 FY24 52 IDFC FIRST Bank

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