IDFC First Bank Share Price

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Regarding speculations about IDFC FIRST Banks exposure to Adani Group companies we would like to clarify: The funded outstanding is only 0.06% of the funded assets as of December 2022. The Bank has been receiving payments as per the quarterly amortizing payment schedule for the same. The Bank has working capital (non-funded) outstanding of only 0.51% of the funded assets as of December 31 2022 of which the majority at 0.38% is secured letter of credit which will mature in the next 2-5 months. The balance at only 0.13% have maturity of 1-2 years. The underlying companies have strong cash-flows and operating model and we are comfortable with the exposure. The Bank does not have any exposure to any offshore entities in Adani Group or against the shares of the Adani Group Companies. As per stated strategy the Bank continues to reduce concentration risk and has brought down exposure to top 10 group borrowers from 17% in March 2019 to 8% in Dec 2022 and will continue to do so.

Pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations we wish to inform that a meeting of the Board of Directors of the Bank is scheduled to be held on Saturday February 4 2023.In terms of the Code of Conduct for Prohibition of Insider Trading of the Bank formulated and adopted under the Securities and Exchange Board of India (PIT) Regulations 2015 the Trading Window for dealing in securities of the Bank would remain closed for Designated Persons and their immediate relatives from February 2 2023 till February 6 2023 (both days inclusive) and shall re-open thereafter.

IDFC First Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/02/2023 inter alia to consider and approve Pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations we wish to inform that a meeting of the Board of Directors of the Bank is scheduled to be held on Saturday February 4 2023 inter-alia to consider and if thought fit to approve the proposal for raising of funds by way of issue of equity shares of the Bank on preferential basis or such other mode in accordance with the provisions of the Companies Act 2013 Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 and such other acts rules regulations laws and statutes as may be applicable (including any statutory modification(s) thereto or re-enactment thereof for the time being in force) subject to all such regulatory / statutory approvals as may be required including the approval of shareholders of the Bank.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended please find attached the transcript of the earnings call for the quarter and nine months ended December 31 2022 conducted after the meeting of Board of Directors held on January 21 2023 for your information and records.The above information is also available on the Banks website

This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the audio recording of earnings call with analysts and investors held on January 21 2023 on unaudited financial results of the Bank for the quarter and nine months ended December 31 2022 has been made available on the website of the Bank under following link:https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/ICI0420230121144981.mp3