KOTAK MAHINDRA BANK LIMITED (STANDALONE) Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai

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1 Sr No KOTAK MAHINDRA BANK LIMITED (STANDALONE) Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai STANDALONE FINANCIAL RESULTS FOR YEAR ENDED 31 st MARCH, 2016 (Audited Refer Note 2) Quarter ended Year ended 1 Interest earned (a+b+c+d) 4, , , , , (a) Interest/discount on advances/ bills 3, , , , , (b) Income on investments (Refer Note 5) , , (c) Interest on balances with RBI & other interbank funds (d) Others (Refer Note 5) Other income (Refer Note 6) , , Total income (1+2) 4, , , , , Interest expended 2, , , , , Operating expenses (a+b) 1, , , , (a) Employees cost , , (b) Other operating expenses , , Total expenditure (4+5) (excluding provisions & contingencies) 3, , , , , Operating profit (3-6) (Profit before provisions and 1, , , , contingencies) 8 Provisions (other than tax) and contingencies (Refer Note 7) Exceptional items Profit from ordinary activities before tax (7-8-9) , , Tax expense , Net Profit from ordinary activities after tax (10-11) , , Extraordinary items (net of tax expense) Net Profit (12-13) , , Paid up equity share capital - (of Face Value ` 5 per share) (Refer Note 4) Reserves (excluding revaluation reserves) 23, , Analytical Ratios (i) Percentage of shares held by Government of India (ii) Capital adequacy ratio Basel III (iii) Earnings per share (before and after extraordinary items and post-bonus) (Refer Note 4) - Basic (not annualised) ` Diluted (not annualised) ` (iv) NPA Ratios a) Gross NPA 2, , , , , b) Net NPA 1, , , c) % of Gross NPA to Gross Advances d) % of Net NPA to Net Advances (v) Return on Assets (average) not annualised

2 Segment Results The reportable segments of the Bank as per RBI guidelines are as under: Segment Treasury, BMU and Corporate Centre Corporate/Wholesale Banking Retail Banking Principal activity Money market, forex market, derivatives, investments and primary dealership of government securities, Balance Sheet Management Unit (BMU) responsible for Asset Liability Management and Corporate Centre which primarily comprises of support functions. Wholesale borrowings and lending and other related services to the corporate sector which are not included under retail banking. Includes lending, deposit taking and other retail services/ products including credit cards. (Audited Refer Note 2) Quarter ended Year ended 1 Segment Revenue a. Treasury, BMU and Corporate Centre 1, , , , b. Corporate/ Wholesale Banking 1, , , , , c. Retail Banking 2, , , , , Sub-total 5, , , , , Less: Inter-segmental revenue , , Add: Unallocated Income Total 4, , , , , Segment Results a. Treasury, BMU and Corporate Centre b. Corporate/ Wholesale Banking , , c. Retail Banking Sub-total , , Add: Unallocated Income /(expense) (0.02) 6.09 Total Profit Before Tax , , Capital employed (Segmental Assets less Segmental Liabilities) a. Treasury, BMU and Corporate Centre 3, , , , , b. Corporate/ Wholesale Banking 10, , , , , c. Retail Banking 10, , , , , Sub-total 23, , , , , Add: Unallocated (130.49) (130.49) Total Capital Employed 23, , , , , NOTES: 1. The above results were reviewed by the Audit Committee of the Board and approved at the meeting of the Board of Directors held on 11 th May, The results for the quarter and year ended 31 st March, 2016 are subjected to audit by the statutory auditors of the Bank and there are no qualifications in the Auditor s Report. 2. The figures of the last quarter in each of the year are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures up to the third quarter of the respective financial year. 3. The merger of ING Vysya Bank ( eivbl ) with the Kotak Mahindra Bank ( Bank ) was effective from April 1, The results for the quarter and year ended 31 st March, 2016 include operations of eivbl. Hence, the results for the quarter and year ended 31 st March, 2016 are not comparable with that of the corresponding period of the previous year. 4. The Bank has allotted 912,841,920 fully paid up equity shares of face value ` 5/- each, in ratio of one equity share for every equity share held, during the quarter ended 30 th September, 2015, pursuant to a bonus issue approved by the shareholders at the annual general meeting, held on 29 th June, 2015, by capitalisation of securities premium. Consequently the earnings per share have been adjusted for previous periods/year presented in accordance with Accounting Standard 20, Earnings per share. 5. Pursuant to RBI circular DBR.BP.BC.No.31/ / dated 16 th July, 2015, the Bank, has effective quarter ended 30 th June, 2015, included its deposits placed with NABARD, SIDBI and NHB on account of shortfall in lending to priority sector under "Other Assets", earlier included under "Investments". Interest income on these deposits has been included under "Interest earned- Others", earlier included under Interest earned - Income on investments". 6. Other Income includes non-fund based income such as commission earned from guarantees / letters of credit, financial advisory fees, selling of third party products, earnings from foreign exchange transactions and profit / loss from the sale of securities. 2

3 7. Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the previous period / year. Break up of provisions (other than tax) and contingencies: (Audited Refer Note 2) Quarter ended Year ended Provision towards advances (including provisions for exposures to entities with Unhedged Foreign Currency Exposures) Provision / (write back of provisions) towards investments (net) (111.33) Others (0.01) (0.20) Total provisions (other than Tax) and contingencies During the quarter, the Bank has granted Nil options under employee stock option scheme. Stock options aggregating to 1,882,952 were exercised during the quarter and 11,839,904 stock options were outstanding with employees of the Bank and its subsidiaries as at 31 st March, All options referred to here are post-bonus. 9. RBI circular DBOD.No.BP.BC.1/ / dated 1 st July, 2015 on 'Basel III Capital Regulations' read together with the RBI circular DBR.No.BP.BC.80/ / dated 31 st March, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards-Amendments' requires banks to make applicable Pillar3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III Framework. These disclosures are available on the Bank's website at the following link: The disclosures have not been subjected to audit or limited review. 10. There has been no change in any significant accounting policies during the quarter and year ended 31 st March, The Board of Directors of the Bank have proposed a dividend of ` 0.50 per share having face value ` 5 for the year ended 31st March, 2016 (Previous Year ` 0.90 per share having face value ` 5). The Bank is obliged to pay dividend to those shareholders whose names are appearing in the register of members as on the book closure date. The dividend will be paid after the approval of shareholders at the Annual General Meeting. 12. The Summarised Balance Sheet of the Bank (Standalone) is given below: Summarised Balance Sheet As at 31 st March 2016 As at 31 st March 2015 CAPITAL AND LIABILITIES Capital Reserves and Surplus 23, , Employees Stock Options (Grants) Outstanding Deposits 138, , Borrowings 20, , Other Liabilities and Provisions 8, , TOTAL 192, , ASSETS Cash and balances with Reserve Bank of India 6, , Balances with Banks and Money at Call and Short Notice 3, , Investments 51, , Advances 118, , Fixed Assets 1, , Other Assets 9, , TOTAL 192, ,

4 13. Figures for the previous periods / year have been regrouped wherever necessary to conform to current period s presentation. 14. The above financial results for the quarter and year ended 31 st March, 2016 are audited by the statutory auditors, S.R. Batliboi & Co. LLP Chartered Accountants. The financial results for the quarter and year ended 31 st March, 2015 were subjected to audit by another firm of chartered accountants. By order of the Board of Directors For Kotak Mahindra Bank Limited Mumbai, 11 th May, 2016 Dipak Gupta Joint Managing Director 4

5 KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) Registered Office: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH, 2016 Quarter Ended Year Ended Sr No 1 Interest earned (a+b+c+d) 5, , , , , (a) Interest/discount on advances/bills 3, , , , , (b) Income on investments (Refer Note 11) 1, , , , (c) Interest on balances with RBI & other interbank funds (d) Others (Refer Note 11) Other income (a+b+c) 2, , , , , (a) Profit/(Loss) on sale of investments including revaluation (insurance (57.37) (49.65) (245.13) 1, business) (b) Premium on Insurance Business 1, , , , (c) Other income (see Notes 6, 7 & 8) 1, , , , , Total income (1+2) 7, , , , , Interest expended 2, , , , , Operating expenses (a+b+c) 3, , , , , (a) Employees Cost , , (b) Policy holders reserves, surrender expense and claims 1, , , , (c) Other operating expenses (Refer Note 7 and 9) 1, , , Total expenditure (4+5) (excluding provisions and contingencies) 6, , , , , Operating Profit (3-6) (Profit before provisions and contingencies) 1, , , , , Provisions (other than tax) and contingencies (Refer Note 10) Exceptional items Profit from ordinary activities before tax (7-8-9) 1, , , , , Tax expense , , Net Profit from ordinary activities after tax before Minority Interest 1, , , (10 11) 13 Extraordinary items (net of tax expense) Net Profit from ordinary activities after tax before Minority Interest 1, , , (12 13) 15 Less: Share of Minority Interest Add: Share in Profit of associates Profit after tax ( ) 1, , , Paid Up Equity Capital - (Face value of ` 5 per share) (Refer note 4) Group Reserves (excluding Minority Interest and Revaluation reserves) 32, , Minority Interest Analytical Ratios (i) Capital Adequacy ratio Basel III (unaudited) (ii) Earnings per share (before and after extraordinary items and post-bonus) (Refer Note 4) - Basic (not annualised) ` Diluted (not annualised) ` (iii) NPA Ratios (unaudited) (a) Gross NPA 3, , , , , (b) Net NPA 1, , , (c) % of Gross NPA to Gross Advances (d) % of Net NPA to Net Advances (iv) Return on Assets (average) (not annualised) (unaudited)

6 NOTES: 1. The consolidated financial results are prepared in accordance with Accounting Standard 21 (AS-21) Consolidated Financial Statements and Accounting Standard 23 (AS 23) Accounting for investment in associates in Consolidated Financial Statement specified under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, There has been no change in significant accounting policies during the quarter and year ended 31 st March, The merger of ING Vysya Bank ( eivbl ) with the Kotak Mahindra Bank ( Bank ) was effective from 1 st April, The results for the quarter and year ended 31 st March, 2016 include operations of eivbl. Hence, the results for the quarter and year ended 31 st March, 2015 are not comparable with that of the corresponding period of the previous year. 4. The Bank has allotted 912,841,920 fully paid up equity shares of face value ` 5/- each, in ratio of one equity share for every equity share held, during the quarter ended 30 th September, 2015, pursuant to a bonus issue approved by the shareholders at the annual general meeting, held on 29 th June, 2015, by capitalisation of securities premium. Consequently the earnings per share have been adjusted for previous periods/ year presented in accordance with Accounting Standard 20, Earnings per share. 5. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial years and the unaudited published year to date figures up to the third quarter of the respective financial years. 6. Details of other income forming part of the consolidated results are as follows: Quarter Ended Year Ended Commission, fees, exchange, brokerage and others , , Profit on sale of investments (other than insurance business) Total Other income 1, , , , , Other income in the consolidated results for the reporting periods is net of sub-brokerage paid in the broking subsidiary amounting to ` crore for the quarter ended 31 st March, 2016 and for the year ended 31 st March, 2016 ` crore (for the quarter ended 31 st December, 2015 ` crore, for the quarter ended 31 st March, 2015 ` crore, for the year ended 31st March, 2015 ` crore). 8. Other Income includes non-fund based income such as as premium on insurance business, commission earned from guarantees / letters of credit, financial advisory fees, selling of third party products, earnings from exchange transactions and profit / loss from the sale of securities. 9. Details of other expenditure forming part of consolidated results are as follows: Quarter Ended Year Ended Brokerage Depreciation Rent, taxes and lighting Others , , Total Other operating expenses 1, , , Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the previous periods / year. Details of Provisions (other than tax and contingencies forming part of consolidated results are as follows: Quarter Ended Year Ended Provision on advances (including provisions for exposures to entities with Unhedged Foreign Currency Exposures) Provision /(Write back of provisions) towards investments (net) (116.57) Others Total Provisions (other than tax) and contingencies

7 11. Pursuant to RBI circular DBR.BP.BC.No.31/ / dated 16th July, 2015, the Bank has effective quarter ended 30th June, 2015, included its deposits placed with NABARD, SIDBI and NHB on account of shortfall in lending to priority sector under "Other Assets", earlier included under "Investments". Interest income on these deposits has been included under "Interest earned- Others", earlier included under Interest earned - Income on investments". 12. RBI circular DBOD.No.BP.BC.1/ / dated 1 st July, 2015 on 'Basel III Capital Regulations' read together with the RBI circular DBR.No.BP.BC.80/ / dated 31 st March, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards-Amendments' requires banks to make applicable Pillar3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III Framework. These disclosures are available on the Bank's website at the following link: The disclosures have not been subjected to audit or limited review. 13. The Summarised Consolidated Balance Sheet of the Bank is given below: Summarised Balance Sheet As at 31st March 2016 As at 31st March 2015 CAPITAL AND LIABILITIES Capital Reserves and Surplus 32, , Minority Interest Employees Stock Options (Grants) Outstanding Deposits 135, , Borrowings 43, , Policy Holder s Funds 15, , Other Liabilities and Provisions 12, , TOTAL 240, , ASSETS Cash and balances with Reserve Bank Of India 6, , Balances with Banks and Money at Call and Short Notice 4, , Investments 70, , Advances 144, , Fixed Assets 1, , Other Assets 12, , TOTAL 240, , The above results were reviewed by the Audit Committee and approved at the meeting of the Board of Directors held on 11 th May, The results for the year ended 31 st March, 2016 are subjected to audit by the Statutory Auditors of the Group and there are no qualifications in the Auditor s Report. 15. The above financial results for year ended 31 st March, 2016 are audited by the statutory auditors, S.R. Batliboi & Co. LLP Chartered Accountants. The financial results for the year ended 31 st March, 2015 were subjected to audit by another firm of chartered accountants. 16. Figures for the previous periods / year have been regrouped wherever necessary to conform to current period s/ year s presentation. By order of the Board of Directors For Kotak Mahindra Bank Limited Mumbai, 11 th May, 2016 Dipak Gupta Joint Managing Director 3

KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) Registered Office: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai

Sr No KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) Registered Office: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED