Investor Presentation

Investor Presentation 31.12.2016

Awards and Accolades IDRBT Award for the Best Bank Among Small Banks for Digital Banking, 2015-16 on 18.07.2016 IDRBT Award for the Best Bank Among Small Banks for Managing IT Ecosystem, 2015-16 on 18.07.2016 Dun & Bradstreet Banking Awards 2016, Karur Vysya Bank has been awarded the Best Private Sector Bank Priority Sector Lending on 31.08.2016 FE India s Best Banks Award, KVB is the winner in Credit Quality category for the year 2013-14 received on 01.09.2016 Karur Vysya Bank has been selected as The Best Bank at National Level under Private Sector category for the year 2015-2016 in the State Forum of Bankers Clubs Kerala (SFBCK) Banking Excellence Award 2016 on 11.12.2016 Karur Vysya Bank has received NSDL star performer award for the top performer in new accounts opened under Bank Category - 2 nd position on 24.12.2016 Award for Solar irrigation pump scheme Ministry of New & Renewable Energy, Government of India has selected Karur Vysya Bank for 1 st prize for having achieved highest disbursement under the category Solar irrigation pumps Off grid & decentralized solar applications programe for the FY 2015-16 on 24.01.2017. Business Today KPMG Award Best Small Bank for FY 2015-16 announced in January 2017 2

About Us Banking tradition of 100 years Earning profits since its inception Declaration of uninterrupted dividend 100% and above dividend for 15 years consecutively from 2004, out of which 120% for five years Dividend of 130% for two years and 140% for two years First bank to get permission from RBI to issue bonus shares 706 branches and 1711 ATMs as on 31 st December 2016 A Customer Base of 6.09 million Fully on CBS facility since 2005 and all latest technology products are available Top Rating from CRISIL (A1+) and ICRA (A1+) for Short Term Borrowings 3

Q3FY17 Results Snapshot Deposits Rs. 55,066 crore ( 16.33%) Advances Rs. 38,459 crore ( 1.54%) CASA Rs.16,973crore ( 53.26%) (30.80% as %of Total Deposits) Branches 706 ATMs 1711 Net Profit Rs. 116 crore ( 24.25%) ROA 0.74% (Q3FY16-1.10%) NIM 3.68% (Q3FY16-3.47%) Net NPA 1.68% (Q3FY16 0.96%) 4

9Months FY17 Results Snapshot Net Profit Rs. 388 crore ( 10%) ROA 0.87% (9 month FY16 1.05%) NIM 3.62% (9 month FY16 3.39%) ROE 10.35% (9 month FY16 12.23%) 5

Profit & Loss Account Units: Rs crore Particulars Quarter Ended Q3FY17 Q3FY16 YoY% Net Interest Income 518 448 16% Other Income 170 173 (-)2% Total Income 688 621 11% Operating Expenses 416 295 41% Operating Profit 272 326 (-)17% Operating Profit before amortisation of loss on sale of assets to ARC 335 330 1.51% Provisions 95 93 2% Credit Related 80 78 -- Others 15 15 -- Profit Before Tax 177 233 (-)24% Tax 62 80 (-)23% Net Profit 115 153 (-)25% 6

Profit & Loss Account Particulars 9 months Ended FY 17 FY16 YoY% Units: Rs crore Net Interest Income 1494 1309 14% Other Income 550 540 2% Total Income 2044 1849 11% Operating Expenses 1170 873 34% Operating Profit 874 976-10% Operating Profit before amortisation of loss on sale of assets to ARC 1064 981 8% Provisions 280 336-17% Credit Related 247 293 -- Others 33 43 -- Profit Before Tax 594 640-7% Tax 206 210-2% Net Profit 388 430-10% 7

Breakup of Other Income (Quarter) Particulars Total Q3 FY 16-17 170 Units: Rs crore Q3 FY 15-16 YoY % 173 (-)1.73% Fee Income 138 164 (-)15.85% Forex 10 26 (-)61.53% Commissions 112 110 1.81% Other 16 28 (-)42.85% Profit on Sale of Investments 32 9 255.55% 8

Breakup of Other Income (9 months) Particulars Total Fee Income Units: Rs crore 9M FY 16-17 9M FY 15-16 YoY % 550 541 1.66% 423 457 (-)7.43% Forex 28 46 (-)39.13% Commissions 353 352 0.28% Other 42 59 (-)28.81% Profit on Sale of Investments 127 83 53.01% 9

Healthy Other Income Profile Growth in other income Fee income consistently contributes ~ 60% of other income 8 7 6 5 4 3 2 1 0 1 0.5 0.42 0.28 0.9 0.7 0.4 0.9 0.4 1.27 0.6 0.7 0.2 1 0.6 0.9 0.4 0.3 4.6 0.4 0.1 0.3 4 4.23 3.4 1.8 2.3 2.8 FY11 FY12 FY13 FY14 FY15 FY16 9MFY17 Fee Income (Rs. bn) Treasury (Rs. bn) Forex Gain (Rs. bn) Others (Rs. bn) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 12% 17% 13% 16% 12% 7% 14% 5% 4% 4% 7% 15% 11% 7% 7% 20% 12% 20% 13% 8% 18% 69% 64% 62% 60% 69% 66% 68% FY11 FY12 FY13 FY14 FY15 FY16 9MFY17 Fee Income % Treasury % Forex Gain % Others % Diverse sources of non interest income Non interest income contribution to total income at 11.5% for FY 2015-16 KVB s Fee income streams : Banking charges (Corporate, Commercial & Retail) Bancassurance Third party product sales Trade Finance Retail Asset fees Card fees Credit Card Debit Card Travel Card Gift Card 10

Key Ratios (For the quarter ended) Net Interest Margin Cost to Income % 4.00% 3.80% 3.60% 3.40% 3.20% 3.47% 3.55% 3.52% 3.61% 3.68% 65% 60% 55% 59.47% 56.01% 55.18% 60.48% 3.00% 2.80% 2.60% 50% 45% 47.57% 2.40% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 40% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Return on Assets Return on Equity 1.40% 20% 1.20% 1.00% 0.80% 1.10% 0.97% 1.00% 0.86% 0.74% 15% 10% 12.00% 12.07% 12.34% 10.34% 9.47% 0.60% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 5% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 11

Key Ratios (For the 9 months ended) Net Interest Margin Cost to Income % 4.00% 3.80% 3.60% 3.40% 3.20% 3.00% 2.80% 2.60% 2.40% 3.60% 3.62% 3.52% 3.39% 3.43% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 60% 56.01% 57.22% 55.57% 55% 50.35% 50% 47.20% 45% 40% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Return on Assets Return on Equity 1.40% 20% 1.20% 1.00% 0.80% 1.05% 1.03% 1.00% 0.93% 0.87% 15% 10% 12.23% 12.41% 12.34% 11.16% 10.60% 0.60% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 5% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 12

Key Ratios Particulars Q3 FY 16-17 Q3 FY 15-16 Cost of Deposits 6.44% 7.37% Yield on Advances 11.30% 11.62% Cost of Funds 6.34% 7.33% Yield on Funds 9.55% 10.09% Cost Income Ratio 60.48% 47.57% Cost Income Ratio(before amortisation) 51.29% 46.86% Spread 3.21% 2.76% NIM Business/Emp. (Rs crore) Profit/Emp. (Rs lakh) No. of Employees 3.68% 12.96 6.42 7218 3.47% 11.70 8.40 7278 13

Key Ratios Particulars Cost of Deposits 9M FY 16-17 9M FY 15-16 6.76% 7.52% Yield on Advances 11.38% 11.79% Cost of Funds 6.67% 7.50% Yield on Funds 9.75% 10.16% Cost Income Ratio 57.22% 47.20% Cost Income Ratio(before amortisation) Spread NIM 47.95% 46.96% 3.08% 2.66% 3.62% 3.39% Business/Emp. (Rs crore) Profit/Emp. (Rs lakh) No. of Employees 12.96 7.18 7,218 11.70 7.87 7,278 14

11.0 10.0 9.0 8.0 7.0 6.0 5.0 4.0 Cost and Yield on Funds (%) 9.7 8.7 9.0 9.3 9.5 9.4 7.6 7.1 7.1 6.6 6.0 5.5 Profitability Metrics Consistency in spreads 10.4 10.7 10.3 10.3 10.1 9.75 8.1 8.2 8.2 8.0 7.4 6.67 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9M FY17 Yield on funds Cost of funds Net Interest Margin (%) over the years 4.0 3.8 3.5 3.3 3.0 2.8 2.5 2.3 2.0 Net Interest Margin 3.62 3.5 3.5 3.4 3.4 3.2 3.1 3.0 3.0 2.9 3.1 2.6 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9 M FY17 Net Interest Margin 15

Deposits Particulars Q3 FY 16-17 Q3 FY 15-16 Units: Rs crore YoY % Total Deposits 55,066 47,336 16.33% CASA 16,973 11,074 53.26% CASA Mix % 30.82% 23.40% Demand 5,816 3,986 45.91% Savings 11,157 7,088 57.40% Term Deposits 38,093 36,261 5.05% 16

Retail Liability Franchise Granular and Sticky Low dependence on wholesale deposits (FY17) Term deposits are primarily retail deposits. Only 6% of term deposits are > Rs.50 Mn < Rs. 1.5 Mn, 63% Rs. 1.5 Mn - Rs. 10 Mn., 23% Low concentration of deposits > Rs. 50 Mn, 8% Rs. 10 Mn - Rs. 50 Mn, 6% Breakup of deposits (9M FY17) 13% 13% 12% 11% 12% 9% 9% 5% FY10 FY11 FY12 FY13 FY14 FY15 FY16 9MFY17 Concentration of top 20 depositors % Term Deposits, 69% Savings Deposits, 20% Demand Deposits, 11% 17

Deposit Mix Break-up of deposit base (in %) 100% 80% 60% 40% 76% 77% 81% 81% 79% 78% 77% 69% 20% 0% 13% 13% 20% 11% 11% 13% 14% 15% 11% 10% 8% 8% 8% 8% 8% 11% FY10 FY11 FY12 FY13 FY14 FY15 FY16 9MFY17 Demand Deposits Savings Deposits Time Deposits Demand deposit balances since FY10 Savings deposit balances since FY10 120 112 80 60 40 20 0 21 25 25 31 36 35 40 58 100 80 60 40 20 25 33 38 44 54 63 76 0 Demand Deposits Balance (Rs. bn) Savings Deposits Balance (Rs. bn) 18

Advances Particulars Q3 FY 16-17 Q3 FY 15-16 YoY % Units: Rs crore Advances 38,459 37,872 1.54% Corporate 12,890 13,772 (-)6.40% Commercial 13,035 12,181 7.01% Agriculture 6,442 6,248 3.10% Retail (Personal Banking) 6,093 5,671 7.44% Jewel Loan (included in other segments) 6,094 6,282 19 (-)2.99%

Advances Category wise Particulars Amount (Rs. in crore) % to Total Advance Growth Over Dec-15 Dec-16 Dec-15 Mar-16 Dec-16 Dec-15 Mar-16 Quantum % MANUFACTURING SECTOR 12,627 13,688 13,633 32.8 36.1 34.5 (1061) (7.8) JEWEL LOAN 6,094 6,282 6,359 15.8 16.6 16.1 (188) (3.0) Personal Segment Loans @ 5,364 5,031 5,310 13.9 13.3 13.5 333 6.6 TRADING 5,783 5,845 5,771 15.0 15.4 14.6 (62) (1.1) BILLS 1,118 1,347 1,352 2.9 3.6 3.4 (229) (17.0) NBFC 1,041 797 975 2.7 2.1 2.5 244 30.6 OTHER EXPOSURES* 6,432 4,882 6,076 16.7 12.9 15.4 1550 31.7 TOTAL ADVANCES 38,459 37,872 39,476 100.0 100.0 100.0 587 1.5 @ Vehicle, Housing, Deposit loans **includes Commercial Real estate, Capital Market and exposure to other service sectors, etc. 20

Manufacturing Sector - Breakup INDUSTRY Amount (Rs. in crore) % to Total Advance Growth Dec-16 Dec-15 Mar-16 Dec-16 Dec-15 Mar-16 Amount % TEXTILES 3,423 3,278 3,515 8.9 8.7 8.9 145 4.42 INFRASTRUCTURE (Ex - (233) 5.6 5.6 (11.06) Power) 1,874 2,107 2,212 4.9 POWER 877 1,257 1,142 2.3 3.3 2.9 (380) (30.23) FOOD PROCESSING 1,302 1,281 1,282 3.4 3.4 3.2 21 1.64 BASIC METAL & METAL (306) 4.1 3.1 (19.70) PRODUCTS 1,247 1,553 1,225 3.2 (338) CHEMICALS & 2.2 1.8 (40.92) CHEMICALS PRODUCTS 488 826 720 1.3 ALL ENGINEERING 441 599 433 1.1 1.6 1.1 (158) (26.38) TRANSPORT 41 0.9 0.9 EQUPMENTS 393 352 368 1.0 11.65 CEMENT & CEMENT (3) 1.0 0.9 PRODUCTS 379 382 375 1.0 (0.79) GEMS & JEWELLERY 371 343 342 1.0 0.9 0.9 28 8.16 OTHER INDUSTRIES 1,832 1,710 2,019 4.7 4.5 5.1 122 7.13 Total INDUSTRY EXPOSURE 12,627 13,688 13,633 32.8 36.1 34.5 (1061) (7.78) 21

Retail Advances Segment Amount (Rs. in crore) Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Dec-16 Housing Loan 611 971 1,387 1,757 2,094 2,264 Vehicle Loan 492 677 735 782 831 886 Educational Loan 104 133 169 207 245 264 Personal Loan 319 341 353 356 354 328 Jewel Loan 584 832 802 793 703 620 Mortgage Loan (LAP) 0 0 381 568 787 878 Retail (Others) 428 591 464 779 864 853 Total 2,538 3,545 4,291 5,242 5,878 6,093 22

Advances Mix Advance in Value (Rs.in crore) Advance Mix (in %) 16000 14000 12000 10000 8000 6000 4000 2000 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Dec-16 ABG CBG CIG PBG 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 43% 38% 37% 35% 34% 34% 32% 32% 33% 34% 31% 30% 18% 16% 17% 17% 18% 17% 14% 15% 16% 10% 12% 12% Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Dec-16 ABG CBG CIG PBG ABG- Agri Banking, CBG Commercial Banking, CIG Corporate Banking, PBG Personal Banking Increased focus on Commercial, SME & Retail Advances over the period 23

Investment Portfolio Investment Outstanding (Rs. In crore) Portfolio wise Investment 20000 18225 HFT, 0.12% 15000 14250 14502 AFS, 36.79% 10000 HTM, 63.09% 5000 0 Dec'15 Mar'16 Dec'16 Investment Portfolio SLR Shares Debentures/CD/MF/CP Modified Duration HTM AFS HFT Total 4.49 1.54 8.39 3.50 0.76% 8.66% Yield on Investment Yield on Investments 7.54% 7.54% 7.27% 90.58% 6.00% 1.00% Dec'15 Mar'16 Dec'16 out of 8.66% Security Receipts constitutes 2.66%(Rs.504.48Crores) 24

Sector Wise Restructured Advances S.NO SECTOR AMOUNT (Rs. in crore) (%) to total Rest. Adv Dec-16 Mar-16 Dec-16 Mar-16 1 AGRICULTURE 7.93 15.82 0.62 1.17 2 IRON AND STEEL Nil Nil Nil 3 INFRASTRUCTURE 752.14 807.02 58.80 59.56 4 TEXTILES 195.67 205.01 15.30 15.13 5 HOUSING LOANS 0.68 0.97 0.05 0.07 6 AUTO LOANS 0.54 0.73 0.04 0.06 7 EDUCATIONAL LOANS 0.63 0.97 0.05 0.07 8 REAL ESTATE 23.37 0.44 1.83 0.03 9 FOOD PROCESSING 233.69 224.66 18.27 16.58 10 OTHERS 64.45 99.28 5.04 7.33 TOTAL 1,279.10 1354.90 % to Total Advance 3.32% 3.43% 100 100 25

Movement of Restructured Assets Units: Rs crore Oct 16 to Dec 16 35 1 0 1,245 1,279 Opening Balance Additions Reductions Slippage to NPA Closing Balance % of Advances 3.25% 0 0.02% 0.09% 3.15% 26

Stress Accounts Rs. in Crore SDR Outstanding (4 accounts) 273.12 5/25 ( 1 Account ) 76.00 S4A Accounts Nil Sale to ARC in 9 months of FY 16-17 Nil 27

NPA Details 1,200 1,000 800 600 400 200 0 721 360 511 216 Gross and Net NPA 702 306 903 565 Units: Rs crore Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Gross NPA Net NPA 1,022 638 3.0% 2.0% 1.0% 1.91% 0.96% 1.30% 0.55% 1.79% 0.79% 2.29% 1.44% 2.66% 1.68% 0.0% Gross NPA % Net NPA % Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Provision Coverage Ratio 75.20% 82.46% 78.49% 68.26% 67.06% 28

Movement of NPA (Rs. in crore) Particulars Apr 16 Sep 16 Oct 16 Dec 16 Apr-16 Dec 16 Apr 15 - Dec 15 Movement of Gross NPAs Opening Balance 511.18 902.74 511.18 677.78 Additions during the period 617.83 243.33 771.01 382.57 Reductions during the period 226.27 123.83 259.95 339.17 Closing Balance 902.74 1022.24 1022.24 721.18 Movement of Net NPAs Opening Balance 216.17 565.14 216.17 280.97 Additions during the period 405.89 129.34 528.08 85.38 Reductions during the period 56.92 56.96 106.73 6.84 Closing Balance 565.14 637.52 637.52 359.51 Movement of Provision for NPA Opening Balance 285.00 317.65 285.00 380.00 Provn made during the period 202.00 110.74 234.78 297.27 Write off/write back of excess provn 169.35 61.83 153.22 344.27 Closing Balance 317.65 366.56 366.56 333.00 29

Breakup of Provisions (Other than Tax) Particulars Units: Rs crore Q3 FY 16-17 Q3 FY 15-16 YoY % Total Provisions 94 93 1.07% NPA 88 73 20.54% Standard Assets Restructured Investment (-)4 0.17 0.25 5 0 0 Others 9.58 15 30

Breakup of Provisions (Other than Tax) Particulars Total Provisions NPA Units: Rs crore 9M FY 16-17 9M FY 15-16 YoY % 280 336 (-)16.66% 278 297 (-)6.39% Standard Assets Restructured Investment Others (-)9 (-)9 11 9 25 (-)29 19 24 31

Growth in Branch & ATM Network Branch network & ATM network 800 2200 700 600 551 667 629 572 1616 1645 1655 706 1711 1700 500 451 1276 1200 400 300 335 369 825 700 200 375 488 200 100 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9MFY17-300 Branch ATM 32

Branch Network - Diversified Across the Country Geographical spread of branches 9 months (FY17) State /UT Dec-16 - Branches (Nos) Region, Number of branches 18 Divisional Offices spread across the country South 601 North 39 East 24 West 42 TAMILNADU 375 ANDHRA PRADESH 102 TELANGANA 51 KARNATAKA 49 MAHARASHTRA 27 GUJARAT 15 WEST BENGAL 16 Dominant presence (52%) in semi-urban and rural locations KERALA 17 Branch Distribution in 9MFY16 (706 branches) Rural, 15% Semi-urban, 37% Metro, 27% Urban, 21% DELHI 14 PUNJAB 7 UTTARPRADESH 6 ORISSA 5 HARYANA 4 PONDICHERY 6 M.P. 4 Number of customers (Millions) RAJASTHAN 3 JHARKHAND 2 2.6 2.9 3.3 3.8 4.5 5.2 5.6 6.09 CHANDIGARH 1 CHATTISGARH 1 GOA 1 Total 706 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9MFY17 33

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Leveraging Technology Alternate Banking Channels Rising market share in RTGS transactions POS Terminals 1.05% 1.00% 0.95% 0.90% 0.85% 0.80% 0.79% 0.84% 0.91% 0.94% 0.99% 1.01% 20000 15000 10000 5000 0 3399 5844 8434 9234 10157 10428 10797 13937 16469 0.75% 0.70% FY12 FY13 FY14 FY15 FY16 9MFY17 Market share in RTGS transactions (by volume) POS Terminals Exponential growth in Mobile transactions Cash Deposit Machines 3000 2500 2000 1500 1000 Mobile Banking (Nos in '000) 2839 500 400 300 200 100 143 154 205 307 338 341 352 352 353 354 389 403 500 0 6 15 40 168 Mar-13 Mar-14 Mar-15 Mar-16 Dec-16 0 Mobile Banking (Nos in '000) Cash Deposit Machines (Nos.) 34

Capital Adequacy Capital Adequacy Ratio (Basel III) 16% 14% 12% 12.90% 0.94% 12.17% 0.91% 11.67% 11.44% 0.81% 0.77% 11.79% 0.74% 10% 8% 6% 4% 11.96% 11.26% 10.86% 10.67% 11.05% 2% 0% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Tier 1 Tier 2 35

Human Resources Young workforce, average 33 years well qualified work force with decreasing attrition over time 35 34 33 32 34 34 40% below 30 yrs of age out of 7,218 employees 32 32 32 33 33 33 Graduate, 39% Others, 12% PG, 49% 2.9% 4.4% 5.4% 8.4% 6.2% 4.5% 2.7% 0.58% 31 30 leading to improving productivity, despite employee base rising 1.6x between FY10-16 78 93 99 101 106 112 124 130 140 120 100 80 983 1159 1249 1241 1363 1294 1343 1325 1500 1000 60 40 500 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9M FY17 20 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 9M FY17 0 Business per employee (Rs. million) Business per branch (Rs. million) 36

A Decade of Progress Units: Rs crore Year 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Paid up Capital 49.49 53.94 53.95 54.44 94.49 107.18 107.18 107.18 121.63 121.86 Reserves 1013.67 1136.06 1296.21 1565.54 2020.05 2601.04 2978.01 3219.16 4124.40 4451.09 Owned funds 1063.16 1190.00 1350.16 1619.98 2114.54 2708.22 3085.19 3326.34 4246.03 4572.95 CRAR - Basel II - - 14.92% 14.49% 14.41% 14.33% 14.41% 12.77% 14.63% 12.26 Basel III - - - - - - - 12.60% 14.62% 12.17 Deposits 9340 12550 15101 19272 24722 32112 38653 43758 44690 50079 Advances 7194 9569 10563 13675 18052 24205 29706 34226 36691 39476 Total Income 987 1289 1711 2005 2482 3621 4695 5680 5977 6150 Operating Profit 274 308 418 463 600 726 849 838 943 1235 Net Profit 160 208 236 336 416 502 550 430 464 568 Branches (No.) 269 288 312 335 369 451 551 572 629 667 EPS (Rs.) 32.80 38.62 43.71 62.23 44.90 46.81 51.35 40.08 39.86 46.59 Return on Assets 1.53% 1.63% 1.49% 1.76% 1.71% 1.56% 1.35% 0.86% 0.88% 1.03% Book Value(Rs.) 197.09 220.61 250.25 297.60 193.04 252.68 287.85 308.91 348.42 375.25 No of Employees 3286 3580 3941 4175 4574 5673 6730 7339 7197 7211 37

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