AU SMALL FINANCE BANK Q2 CONCALL : TARGETS 25% DEPOSIT GROWTH, FY27 CREDIT COST GUIDANCE MAINTAINED AT 90 BPS & OPERATING EFFICIENCY EXPECTED TO IMPROVE

• MANAGEMENT TARGETS APPROXIMATELY 25% ANNUAL DEPOSIT GROWTH, WITH DEPOSITS EXPECTED TO GROW IN LINE WITH OR FASTER THAN LOANS • LOAN GROWTH TARGETED AT 2–2.5 TIMES NOMINAL GDP GROWTH VS 25% YOY GROWTH IN Q2 • CASA DEPOSITS UP 29% YOY, WITH CASA RATIO IMPROVING TO 29.5% FROM 28.8% QOQ • FY27 CREDIT COST GUIDANCE MAINTAINED AROUND 90 BPS VS 73–74 BPS IN H1 • MANAGEMENT REPORTED NO SIGNIFICANT ASSET QUALITY DETERIORATION THROUGH SEPTEMBER • NIM STOOD AT 5.8%, DOWN 9 BPS QOQ; NO SPECIFIC FORWARD NIM TARGET PROVIDED • DEPOSIT PRICING EXPECTED TO REMAIN AT 80–100 BPS PREMIUM TO COMPETING BANKS • APPROXIMATELY 30% OF LOAN BOOK IS FLOATING-RATE, WITH REPO RATE CHANGES EXPECTED TO TRANSMIT OVER 3–4 MONTHS • WHEELS FINANCE PORTFOLIO UP 27% YOY TO ₹51,000 CR, WITH MANAGEMENT EXPECTING CONTINUED STRONG DEMAND • GOLD LOAN BOOK UP 102% YOY TO ₹4,700 CR, WITH LONG-TERM EXPANSION OPPORTUNITIES DESPITE POSSIBLE NEAR-TERM MODERATION • MANAGEMENT HOPES MORTGAGE BUSINESS GROWTH WILL APPROACH 20% NEXT YEAR VS 12% YOY IN Q2 • COMMERCIAL BANKING PORTFOLIO UP 39% YOY TO ₹35,300 CR, WITH FOCUS ON TRANSACTION BANKING & SELF-FUNDED CUSTOMER RELATIONSHIPS • MANAGEMENT EXPECTS FULL-YEAR COST-TO-ASSETS RATIO IMPROVEMENT, SUPPORTED BY OPERATING LEVERAGE & AUTOMATION • AI-LED PROCESSES DELIVERING COST SAVINGS, WITH FURTHER EXPANSION PLANNED ACROSS MORTGAGES, COMMERCIAL LENDING & BACK-OFFICE OPERATIONS • HIGH DEPOSIT COSTS, NIM PRESSURE, DROUGHT-RELATED CREDIT RISKS & POTENTIAL INSURANCE COMMISSION CHANGES REMAIN KEY RISKS

AU SMALL FINANCE BANK LTD

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