The Federal Bank Limited

rs,

bai - 400 051 The Manager Department of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Floor 25, Dalal Street, Mumbai- 400 001 Ref.: Scrip Symbol: FEDERALBNK/Scrip Code: 500469 Dear M

23%

vances: (₹ in cr) Profitability: RoE* (%) RoA* (%) 2,22,496 2,32,868 1,89,146 YoY growth: 23% QoQ growth: 5% 1,61,240 1,83,487 1,92,817 14.36 15.73 15.72 YoY growth: 20% QoQ growth: 5

5%

r) Profitability: RoE* (%) RoA* (%) 2,22,496 2,32,868 1,89,146 YoY growth: 23% QoQ growth: 5% 1,61,240 1,83,487 1,92,817 14.36 15.73 15.72 YoY growth: 20% QoQ growth: 5% 1.21 1.30

20%

YoY growth: 23% QoQ growth: 5% 1,61,240 1,83,487 1,92,817 14.36 15.73 15.72 YoY growth: 20% QoQ growth: 5% 1.21 1.30 1.36 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1

6.50%

Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 ✓ Resident SB (Incl Bespoke) grew by 6.50% YoY ✓ Core deposits at 97.87% of Total Deposits ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book

97.87%

FY24 Q2 FY23 Q1 FY24 Q2 FY24 ✓ Resident SB (Incl Bespoke) grew by 6.50% YoY ✓ Core deposits at 97.87% of Total Deposits ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Bank

10.14%

cl Bespoke) grew by 6.50% YoY ✓ Core deposits at 97.87% of Total Deposits ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB

22%

Core deposits at 97.87% of Total Deposits ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up

18%

its ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up by 67% YoY ✓ Consolidated Group Advan

15%

up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up by 67% YoY ✓ Consolidated Group Advances crossed ₹2L Cr % c

24%

tail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up by 67% YoY ✓ Consolidated Group Advances crossed ₹2L Cr % change Total Income NII

67%

✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up by 67% YoY ✓ Consolidated Group Advances crossed ₹2L Cr % change Total Income NII QoQ (%) 7.45 7.18 YoY

“Fintechs RMs1 / DSAs2 / BCs3 BaaP4 Customers / Employees: (Sep-23) 1.72 Crore / 14,270 Introduction of WhatsApp Lending Platform for Pre-Approved Personal Loans & registration for PM Social Security Schemes End-to-End Digital Personal Loan platform introduced as a DIY journey to target NTB customers.”

Deposits

1

Net advances

1

Profitability

1

Alternate channels

1

YoY growth

1

No of Accounts

1

Tonnage

1

Network

1

Cards Issued

1

CASA Balance

1

Profitability

RoE* (%) RoA* (%) 2,22,496 2,32,868 1,89,146 YoY growth: 23% QoQ growth: 5% 1,61,240 1,83,487 1,92,817 14.36 15.73 15.72 YoY growth: 20% QoQ growth: 5% 1.21 1.30 1.36 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 ✓ Resident SB (Incl Bespoke) grew by 6.50% YoY ✓ Core deposits at 97.87% of Total Deposits ✓ NRE Term Deposits up by 10.14% YoY ✓ Retail Book up by 22% YoY ✓ Business Banking book up by 18% YoY ✓ CIB1 grew by 15% YoY ✓ CoB2 grew by 24% YoY ✓ CV/CE3 up by 67% YoY ✓ Consolidated Group Advances crossed ₹2L Cr % change Total Income NII QoQ (%) 7.45 7.18 YoY (%) 33.59 16.72 ✓ RoRWA at 2.50% for current quarter ✓ Profit per employee at ₹27.11 lakh Sustained business momentum Broad-based robust credit growth Consistently delivering improvement *Annualized 1Corporate and Institutional Banking 2Commercial Banking 3Commercial Vehicle/ Construction Equipment finance 4 Highest Ever Quarterly Net Profit of 954cr Highest ever NII of ₹ 2056Cr Sequential NII growth o

Alternate channels

Fintechs RMs1 / DSAs2 / BCs3 BaaP4 Customers / Employees: (Sep-23) 1.72 Crore / 14,270 Introduction of WhatsApp Lending Platform for Pre-Approved Personal Loans & registration for PM Social Security Schemes End-to-End Digital Personal Loan platform introduced as a DIY journey to target NTB customers. Co-lending tie up live under Micro Finance Federal Bank Credit card as a biller in BBPS Platform Mutual Funds through Debit card in association with Visa Asset quality - stable and improving Multi-pronged approach to distribution Strong innovation culture xx% Provision Coverage ratio *Including Cash Recyclers and Mobile ATMs 1Relationship Managers 2Direct Selling Agents 3Business Correspondents 4Bus as a Platform 5 Strong growth in branch network, added 35 new Branches in H1 FY24. Key ratios RoA (%)* 1.45 1.33 1.21 1.30 1.36 15.91 14.36 RoE (%)* 17.48 Net interest margin (%)* 15.73 15.72 3.35 3.30 3.55 3.49 3.36 3.31 3.20 3.15 3.22 3.16 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY

YoY growth

20.2% 58,370 47,686 10,684 Q4 FY21 NRE deposits (₹ in cr) Cost of deposits (%)1 Remittance Market share (%)2 63,959 67,416 70,571 67,754 71,473 4.36 5.32 5.52 18.20 16.54 21.06 19.30 20.34 xx CASA Ratio (%) Q4 FY21 Q4 FY22 Q4 FY23 Q2 FY23 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 FY20 FY21 FY22 FY23 FY24* YoY growth: 5.5% * Upto Q2 FY24 1 Annualised 2 Market share calculated based on (i) Federal Bank’s remittances data, and (ii) Preliminary data from RBI report on balance of payment (Statement II: Standard Presentation of India's Balance of Payments) 10 Credit portfolio distribution Gross Advances (₹ in cr) Gross Advances mix (Sep-23) Retail Book Wholesale Book Retail Book Wholesale Book 55% 1,34,877 62,000 1,47,639 66,744 1,77,377 81,585 1,63,958 75,162 1,95,968 87,788 72,877 80,895 95,791 88,796 1,08,180 Q4 FY21 Q4 FY22 Q4 FY23 Q2 FY23 Q2 FY24 YoY growth: 17% YoY growth: 22% 8.29 9.21 9.35 Yield on advances (%) 45% 8% 1%1% 10% 35% 13% 32% Q2 FY23 Q1 FY24 Q2 FY24 Retail Agri BuB CV/CE MFI CoB C

Network

Women customers < 28L INR ✓ Tie-up with all major OEMs 57.45 10.14% 14 BC partners 481 BC branches 99%+ ) r c n i ₹ ( o i l o f t r o P 15 Asset quality trends Asset quality continues to remain robust across all segments Provision Coverage Ratio Increases to 71.03% Std Restructured Ac Net NPA Net SR 69 1,393 3,536 160 1,569 1,618 0 1,205 2,830 60 1,262 3,266 0 1,230 2,420 Recovery & Upgradation of ₹348 Cr in Q2 Q4 FY21 Q4 FY22 Mar-21 Q4 FY23 Mar-22 Q2 FY23 Q2 FY24 Mar-23 Movement of NPA Gross NPA as on 30.06.2023 Add Fresh Slippage Credit Cost at 13bps for Q2 FY24 (Annualized) Add Increase in Balances in Existing NPAs Deduct Recoveries/ Upgrades/ Reduction in existing NPA/ Sale to ARC (₹) Deduct Written Off Gross NPA as on 30.09.2023 Provisions in Q2 4,435 Loan Loss 365 8 359 13 4,436 Investment Loss Standard Accounts Other Purposes Total Provisions 16 ₹ in cr 61 -6 -11 0 44 Asset quality trends (cont’d) GNPA (%) NNPA (%) PCR (%)1 2.46 2.43 2.36 2.38 2.26 0.78 0.73 0.69 0.69 0.64 70.02

Cards Issued

Spends 1.6x 2x 1x 2.5x 3.0x 3.0x 4.3x 5.8x 1x 1.9x Card programs under CUG1 77% Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 # Accounts:

CASA Balance

1x 1.1x 1.1x 1.2x 1.2x 1x 1.2x 1.3x 1.8x 2.1x 22% Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 #Accounts: