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

19%

vances: (₹ in cr) Profitability: RoE* (%) RoA* (%) 2,01,408 2,32,868 2,39,591 YoY growth: 19% QoQ growth: 3% 1,68,173 1,92,817 1,99,185 15.91 15.72 14.80 YoY growth: 18% QoQ growth: 3

3%

r) Profitability: RoE* (%) RoA* (%) 2,01,408 2,32,868 2,39,591 YoY growth: 19% QoQ growth: 3% 1,68,173 1,92,817 1,99,185 15.91 15.72 14.80 YoY growth: 18% QoQ growth: 3% 1.33 1.36

18%

YoY growth: 19% QoQ growth: 3% 1,68,173 1,92,817 1,99,185 15.91 15.72 14.80 YoY growth: 18% QoQ growth: 3% 1.33 1.36 1.39 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2

8%

Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 ✓ The resident savings book (incl. bespoke) grew by 8% on a YoY basis ✓ Core deposits form 98% of total deposits ✓ NRE deposits up by 6% on a YoY basis.

98%

FY24 ✓ The resident savings book (incl. bespoke) grew by 8% on a YoY basis ✓ Core deposits form 98% of total deposits ✓ NRE deposits up by 6% on a YoY basis. ✓ Retail Book# up by 24% YoY ✓ Business

6%

espoke) grew by 8% on a YoY basis ✓ Core deposits form 98% of total deposits ✓ NRE deposits up by 6% on a YoY basis. ✓ Retail Book# up by 24% YoY ✓ Business Banking book# up by 18% YoY ✓ CIB1 # grew

24%

e deposits form 98% of total deposits ✓ NRE deposits up by 6% on a YoY basis. ✓ Retail Book# up by 24% YoY ✓ Business Banking book# up by 18% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/C

14%

a YoY basis. ✓ Retail Book# up by 24% YoY ✓ Business Banking book# up by 18% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/CE3 # up by 66% YoY ✓ Gold loan up by 23% YoY % change Total Inc

26%

ook# up by 24% YoY ✓ Business Banking book# up by 18% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/CE3 # up by 66% YoY ✓ Gold loan up by 23% YoY % change Total Income NII QoQ (%) 6.58 3.2

66%

ness Banking book# up by 18% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/CE3 # up by 66% YoY ✓ Gold loan up by 23% YoY % change Total Income NII QoQ (%) 6.58 3.26 YoY (%) 32.72 8.53 ✓

23%

8% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/CE3 # up by 66% YoY ✓ Gold loan up by 23% YoY % change Total Income NII QoQ (%) 6.58 3.26 YoY (%) 32.72 8.53 ✓ RoRWA at 2.49% ✓ Profit pe

Deposits

1

Net advances

1

Profitability

1

Alternate channels

1

No of Accounts

1

Tonnage

1

Network

1

Spends

1

CASA Balance

1

PL Balance

1

Profitability

RoE* (%) RoA* (%) 2,01,408 2,32,868 2,39,591 YoY growth: 19% QoQ growth: 3% 1,68,173 1,92,817 1,99,185 15.91 15.72 14.80 YoY growth: 18% QoQ growth: 3% 1.33 1.36 1.39 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 ✓ The resident savings book (incl. bespoke) grew by 8% on a YoY basis ✓ Core deposits form 98% of total deposits ✓ NRE deposits up by 6% on a YoY basis. ✓ Retail Book# up by 24% YoY ✓ Business Banking book# up by 18% YoY ✓ CIB1 # grew by 14% YoY ✓ CoB2 # grew by 26% YoY ✓ CV/CE3 # up by 66% YoY ✓ Gold loan up by 23% YoY % change Total Income NII QoQ (%) 6.58 3.26 YoY (%) 32.72 8.53 ✓ RoRWA at 2.49% ✓ Profit per employee at ₹ 27.52 lakh Sustained business momentum Broad-based robust credit growth Consistently delivering improvement *Annualized 1Corporate and Institutional Banking 2Commercial Banking 3Commercial Vehicle/ Construction Equipment finance #Credit segments are realigned at the beginning of every FY. Vertical wise advance figures do not accou

Alternate channels

Fintechs RMs1 / DSAs2 / BCs3 BaaP4 Customers / Employees: (Dec-23) 1.76 Crore / 14,849 Successful listing of Fedfina IPO Tie ups with leading OEMs to enhance our SCF book Launched business loans for micro-segment through Fedmitra app 30 Branches opened in Q3 FY24 Asset quality - stable and improving Multi-pronged approach to distribution 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 65 new Branches in FY24 PCR remains elevated at 11 quarter high Key ratios Healthy operating performance RoA (%)* RoE (%)* Net interest margin (%)* 1.45 1.33 1.30 1.36 1.39 17.48 15.91 15.73 15.72 14.80 3.55 3.36 3.20 3.22 3.19 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Cost to income ratio (%) NNPA (%) Cost of Deposits, Cost of Funds, Yield on Advances (%) 48.84 49.51 50.87 52.

Network

Women customers < 31L INR ✓ Tie-up with all major OEMs 58.93 10.00% 17 BC partners 586 BC branches 99%+ ) r c n i ₹ ( o i l o f t r o P 15 Asset quality trends Stability visible across all segments Asset quality continues to remain robust across all segments Provision Coverage Ratio Increases to 71.08% Std Restructured Ac Net NPA Net SR 69 1,393 3,536 160 1,569 1,618 0 1,205 2,830 0 1,229 3,040 0 1,284 2,200 Recovery & Upgradation of ₹290 Cr in Q3 Q4 FY21 Q4 FY22 Mar-21 Q4 FY23 Mar-22 Q3 FY23 Q3 FY24 Mar-23 Movement of NPA Gross NPA as on 30.09.2023 Add Fresh Slippage Credit Cost at 31 bps for Q3 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 31.12.2023 Provisions in Q3 4,436 Loan Loss 479 17 290 13 4,629 Investment Loss Standard Accounts Other Purposes Total Provisions ₹ in cr 151 -10 -112 62 91 16 Asset quality trends (cont’d) GNPA (%) NNPA (%) PCR (%)1 2.43 2.36 2.38 2

Spends

1.0 1.3 1.6 1.9 2.2 1.0 1.6 4.1 3.1 2.3 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 # Accounts:

CASA Balance

1.1 1.1 1.1 1.0 1.0 1.0 1.1 1.5 1.8 1.9 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 #Accounts:

PL Balance

18.0 11.6 7.9 4.5 1.0 6.8 3.9 1.0 12.9 9.9 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 77% 14% 71% Digitization as a Multiplier 381 Edu. Institutions onboarded to Fee collection Solution “Careerbook” 22K ₹ cr Retail Mobile Banking Volume/Month 41K ₹ cr Corporate Digital Applications Volume/Month 94% transactions Serviced Digitally (Retail + Corporate) 84% Of Corporate Txns serviced Digitally 47L No of unique QR Merchants 310 RPA Process running 508 APIs made available 14L Active FedMobile Users (Monthly) Note: Data as at Dec-23 unless specified otherwise 24 HUMAN AT THE CORE Feddy is Live on Approx 4.7 Lakh queries answered by Feddy in this quarter Digital Assistant - Feddy 15 G/H 22% 5% 11% KYC Upload Debit Card Application (Share of Service Requests received through Fed-e-Point for Dec -23) Digitization as a Multiplier Major Initiatives Maintaining strong position in Payments & Digital Space