STRATEGY UPDATE - DIGITAL BANKING

Vakrangee सशक्त परिवर्तन WHITE LABEL ATM - OPPORTUNITY India ranks low in the world in terms of ATM Density. We have ATM density of 210 ATMs per Million whereas developed countries like Canada have 2,141 ATMs per Million. Low ATM Penetration in Tier 3, 4, 5 and 6 cities creates Huge opportunity for WLAs to bridge the gap between Urban and Rural India As on March 2022, India had ~258,000 ATMs Vakrangee is 3rd largest ATM Deployer in Rural India RBI WLA license to Vakrangee - • Minimum of 1,000 WLAs to be deployed per year Maintain ATM deployment ratio of 1:2:3 (Metro/Urban : Semi Urban : Rural) BENEFITS OF VAKRANGEE WLAS OVER OTHER PLAYERS Sr. No. Operating Cost Vakrangee Peers 1 Rent Expense ✓ 2 Civil Work & Interiors ✓ ✓ • 3 Internet Connectivity ✓ ✓ 4 Cash Management Charges ✓ ✓ 5 ATM Operational Costs ✓ ✓ 6 Security Guard ✓ • COMPETITIVE ADVANTAGES VAKRANGEE MODEL COST SYNERGIES No requirement of security guard as the ATM is located inside the Vakrangee Kendra & monitored through centralized CCTV Sharing of Civil Work, Internet Connectivity, Rent and Electricity expenses CRA activity performed by Franchisee. No additional CRA Cost and dependency for First Line of Maintenance (FLM) calls 16

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