Kotak Mahindra Bank Limited

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January 20, 2024 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C

8%

e period ended 31st December, 2023 20th January, 2024 Key Updates for Q3FY24 Bank ✓ PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.3

30%

t December, 2023 20th January, 2024 Key Updates for Q3FY24 Bank ✓ PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 4

5.22%

th January, 2024 Key Updates for Q3FY24 Bank ✓ PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challen

40 bps

✓ PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ P

0.34%

8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ Provision on A

47.7%

% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ Provision on AIF investments of ₹ 1

₹ 168

ost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ Provision on AIF investments of ₹ 190 cr Subsidiaries ✓ Kotak Securities - Overall market sh

₹ 190

.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ Provision on AIF investments of ₹ 190 cr Subsidiaries ✓ Kotak Securities - Overall market share increased from 5.8% to 10.3% (YoY) ✓ Ko

5.8%

AIF investments of ₹ 190 cr Subsidiaries ✓ Kotak Securities - Overall market share increased from 5.8% to 10.3% (YoY) ✓ Kotak AMC – Growth in Overall AAUM: 23% ; Equity AAUM: 32% (YoY) ✓ Kotak General

10.3%

stments of ₹ 190 cr Subsidiaries ✓ Kotak Securities - Overall market share increased from 5.8% to 10.3% (YoY) ✓ Kotak AMC – Growth in Overall AAUM: 23% ; Equity AAUM: 32% (YoY) ✓ Kotak General Insuranc

23%

es - Overall market share increased from 5.8% to 10.3% (YoY) ✓ Kotak AMC – Growth in Overall AAUM: 23% ; Equity AAUM: 32% (YoY) ✓ Kotak General Insurance - agreement with Zurich Insurance for them to t

“Future AI business use cases will be enabled on this core platform.”

“No offering of securities of the Bank will be made except by means of a statutory offering document containing detailed information about the Bank.”

“Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection.”

“We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.”

“No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.”

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Investor Presentation for Earnings Conference Call on the Consolidated and Standalone Unaudited Financial Results of the Bank for the quarter and nine months ended December 31, 2023 Further to our intimation today regarding the Consolidated and Standalone Unaudited Financial Results of Kotak Mahindra Bank Limited ("Bank") for the quarter and nine months ended December 31, 2023 and pursuant to Regulation 30 of the of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we enclose herewith a copy of the Investor Presentation for Earnings Conference Call in connection with the aforesaid Financial Results. The above information is also being hosted on the Bank's website https://www.kotak.com/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Kotak Mahindra Bank Lim

Registered Office

27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051, www.kotak.com Maharashtra, India. T +91 22 61660001 Q3FY24 Presentation on financial results for the period ended 31st December, 2023 20th January, 2024 Key Updates for Q3FY24 Bank ✓ PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY) ✓ NIM at 5.22% same as Q2FY24 ✓ Overall Credit cost at 40 bps; NNPA: 0.34% ✓ CASA Ratio: 47.7%, Deposits challenge ✓ Trading and MTM loss Q3FY24: ₹ 168 cr ✓ Provision on AIF investments of ₹ 190 cr Subsidiaries ✓ Kotak Securities - Overall market share increased from 5.8% to 10.3% (YoY) ✓ Kotak AMC – Growth in Overall AAUM: 23% ; Equity AAUM: 32% (YoY) ✓ Kotak General Insurance - agreement with Zurich Insurance for them to take majority stake 2 2 Consolidated Highlights Q3FY24 PAT ₹ 4,265 cr ₹ 3,995 cr ROA 2.46% 2.76% ROE 13.83% 15.04% Customer Assets^ CAR# CET I# Book Value / Share ₹ 451,524 cr ₹ 379,820 cr 22.2% 21.2% 23.2% 22.3% ₹ 627 ₹ 540 Q3FY24 results include ₹143 cr provision (post tax) o

Developer Portal

In-house engineered solution designed to optimize long term total cost of ownership through package reuse, architecture simplification and modernization. Observability platform built by

Kotak Engineers

Enhanced automated user journey tracking, probes and alerting mechanisms for key critical apps. This provides real- time visibility into system behaviours to enable rapid issue resolution, ultimately fortifying system reliability and performance.

Optimized App Testing

CI/CD testing automation to enable substantial efficiencies in our testing process, resulting in significant time and cost savings. Engineered a Core Platform for

Conversational AI

Internally engineered a core platform for future launch of conversational AI based banking services. Future AI business use cases will be enabled on this core platform.