RBL Bank Limited

rs,

January 20, 2023 BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Script Code: 540065 National Stock Exchange of India Limited, Exc

34%

20th Jan 2023. Results Summary for Q3FY23 • Steady operating performance: o Net Profit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore

209 crore

23. Results Summary for Q3FY23 • Steady operating performance: o Net Profit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest In

567 crore

• Steady operating performance: o Net Profit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore;

11%

: o Net Profit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Inc

1,767 crore

fit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `

14%

ing profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was

1,148 crore

as `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and D

4.74%

l Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and Deposits Growth:

6%

1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and Deposits Growth: o Total deposits grew

618 crore

o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and Deposits Growth: o Total deposits grew 11% YOY to `81,74

67.9%

YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and Deposits Growth: o Total deposits grew 11% YOY to `81,746 crore o CASA grew 18% YOY

“As these products scale up, we expect growth to become more broad based.”

Steady operating performance

1

Key Financials

1

Key ratios

1

Note

1

Branches

1

Steady operating performance

o Net Profit grew 34% YOY to `209 crore o Operating profit was `567 crore o Total Revenue grew 11% YOY to `1,767 crore o Net Interest Income grew 14% YOY to `1,148 crore; NIM was 4.74% o Other Income grew 6% YOY to `618 crore o Cost to Income was 67.9% • CASA and Deposits Growth: o Total deposits grew 11% YOY to `81,746 crore o CASA grew 18% YOY to `29,948 crore. CASA ratio at 36.6% vs. 34.4% as at 31st Dec 2021 o Retail Deposits (as per LCR definition) grew 25% YOY to `34,769 crore • Advances Growth: o Net Advances book grew 15% YOY and 6% sequentially to `66,684 crore o Retail Advances book grew 13% YOY and 7% sequentially to `34,977 crore o Retail: Wholesale mix at 52:48 • Well capitalized with sound liquidity: o Overall capital adequacy (including 9M FY23 profits) was 17.0% and Common Equity Tier 1 ratio was 15.5% o Average Liquidity Coverage Ratio at 144% • Asset quality: o Gross NPA ratio improved to 3.61% vs. 3.80% as at 30th Sep 2022 and Net NPA ratio was 1.18% vs. 1.26% as at

Key Financials

` in crore Net Income Other Income Net Income Operating Profit Provisions (other than tax) Net profit (after tax) Total ` in crore Advances (Net) Retail Advances (Net) Deposits CASA Investments (Net) Dec 31, 2022 Dec 31, 2021 66,684 58,141 34,977 30,900 81,746 29,948 73,639 25,318 26,777 22,983 YoY Sep 30, 2022 QoQ 15% 13% 11% 18% 17% 62,942 32,686 79,404 28,718 25,813 6% 7% 3% 4% 4%

Key ratios

Particulars (in %) Net Interest Margin Cost to Income Return on Assets Return on Equity Gross NPA Net NPA PCR incl. Technical Write- offs Actual PCR Q3 FY23 4.74 67.9 0.78 6.25 3.61 1.18 84.7 68.0 Q3 FY22 4.34 60.4 0.61 4.97 4.84 1.85 78.6 62.9 Q2 FY23 4.55 68.9 0.77 6.12 3.80 1.26 84.3 67.8 9M FY23 4.55 68.2 0.77 6.21 3.61 1.18 9M FY22 4.25 55.8 (0.36) (2.89) 4.84 1.85 84.7 68.0 78.6 62.9 Commenting on the performance, Mr. R Subramaniakumar, MD&CEO, RBL Bank said “We have had another quarter of improving operating performance and we are confident of continuing this trend in coming quarters. Our Business growth, driven by granular advances and deposits growth, continues to improve, in line with our strategy and execution. Our initiatives over the last six months on new product launches, and scale up of granular retail products are also starting to bear fruit. As these products scale up, we expect growth to become more broad based. Our asset quality and capital position continues to be

Note

• In the bureau, higher uptick seen in industry delinquency rates in Dec’20-Feb’21 period on account of a likely data submission issue by a large card issuer. If we remove that, the industry and RBL numbers are in line with each other. • Second instance of uptick seen in industry delinquency rates in Jul’21-Aug’21 period on account of delayed booking of Moratorium-driven delinquencies by a large card issuer Source : TransUnion / CIBIL 39 Tighter risk measures on new acquisition – lowering risk in the portfolio Lower value @ risk for same number delinquency vs industry* Higher proportion of low risk clients 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1.92 1.66 1.50 1.32 2.03 1.81 1.59 1.86 1.99 1.37 1.51 1.50 1.26 0.92 0.90 0.89 0.75 0.62 0.71 0.54 80% 70% 60% 50% 40% 30% 20% 10% 0% Pre-Covid Post-Covid Apr'19 Jun'19 Sep'19 Jun'20 Sep'20Dec'20 Mar'21 Jun'21 Dec'21 Mar'22 Risk Category 1 Risk Category 2 Risk Category 3 Industry RBL Sharper exposure management across risk bands leading to

Branches

RBL Finserve (Exclusive) Other BCs (with Finserve) • Micro-Banking Branches : 1,165 • RBL Finserve Branches: 821 • Banking Outlets: 298 • 9 New Banking Outlet Added in Q3-FY-23 Figures in brackets refers to branches of RBL Finserve 43 (84)107(16)(40)110(82)116(83)(118)59(49)92(72)103(60)(52)(44)2527(43)16(26)66(2)3 Portfolio growth driven by new customers, ticket size growth moderate Net Advances 3.27 Million active loan accounts In Rs. crores 10% Growth Quaterly-Disbursement-FY-23 7,132 6,445 5,028 4,852 4,584 5,021 MF Regulations – BRE and BCMS development 1,879 In crores CBS Migration 1,457 Mar 31,2019 Mar 31,2020 Mar 31,2021 Mar 31,2022 Sept 30,2022 Dec 31,2022 Q1-FY-23 Q2-FY-23 Q3-FY-23 23 Average Ticket Size 38,708 33,385 33,930 32,276 29,971 30,334 36,253 36,784 34,879 42,611 38,889 31,359 40,960 39,834 36,128 38,472 39,586 36,664 41,325 39,853 39,817 Average Outstanding 27,914 27,673 26,456 23,356 23,042 24,028 24,287 26,589 24,462 26,656 24,817 19,650 20,393 22,395 19,192 18,0