1.2 In respect of investments held above the face value, premium of ? 82.20 Crores was amortized during the year (previous year ? 45.28 Crore). During the financial Year, an amount of ? 295.23 Crore was accrued as discount on investments held below the face value (previous year NIL as discount accrued was not applicable). These are accounted in Interest Income as per the extant directions of Reserve Bank of India.

Further, a sum of ? 4100 Crore (Face Value) being nonInterest bearing GOI Recapitalization Bonds investments are maturing from March 2031 to March 2036 and held under Held to Maturity category. They are valued as per the extant directions of RBI and discounted on monthly intervals. As on 31.03.2025, the carrying cost of these bonds is ? 2,553.94 Crore as against ? 2368.85 Crore as on the date of transition.

1.3 Securities of Face Value for ? 517.00 Crore (previous year ? 517.00 Crore) towards CCIL Settlement Guarantee Fund/Default Fund and securities for ? 12,918.00 Crore

(previous year ? 13,018.00 Crore) towards collateral for borrowing under TREPS/Default Fund have been kept with Clearing Corporation of India Limited. Besides, securities to the extent of ? 132.10 Crore (previous year ? 127.10 Crore) has been lodged with CCIL towards default fund for Forex operations and ? 15.00 Crore (previous year ? 15.00 Crore) held for Currency derivative segment. The Bank has placed securities of face value ?

3,000 Crore (previous year ? 3,500 Crore) with Reserve Bank of India for intraday borrowing. The Bank has also placed Securities to the extent ? 17,500 Crore (previous year ? 16,000 Crore) with Reserve Bank of India for our borrowing under the LAF window.

1.4 Shares under Investments in India in Regional Rural Bank - Odisha Gramya Bank is ? 606.90 Crore (previous year ? 606.90 Crore).

1.5 The Bank sold Government Securities from HTM category during the year, both outright and under Reserve Bank of India's Open Market Operations (OMO). The extent of sale by the Bank under OMO was ? 680.67 Crore (BV)

2. INVESTMENT FLUCTUATION RESERVE

As per Reserve Bank of India circular number RBI/ DOR/2023-24/104DOR.M.RG.36/21.04.141/2023-24 dated September 12, 2023, an Investment Fluctuation Reserve (IFR) is to be created until the amount of IFR is at least two percent of the AFS and FVTPL (including HFT) portfolio, on a continuing basis, by transferring to the IFR an amount not less than the lower of the following:

a. Net profit on sale of Investments during the year

b. Net profit for the year less mandatory appropriations

c. During the year ended on March 31st, 2025, an amount of ?100 crore has been transferred to IFR.

d. During the year ended on March 31st, 2025, an amount of NIL has been draw down from IFR.

3. ADVANCES

3.1 The Classification for advances and provisions for possible loss has been made as per prudential norms issued by Reserve Bank of India.

3.2 Claims pending settlement and claims yet to be lodged with Guarantee Institutions identified by the branches have been considered for provisioning requirements on the basis that such claims are valid and recoverable.

3.3 In assessing the reliability of certain advances, the estimated value of security, Central Government Guarantees etc., have been considered for the purpose of asset classification and income recognition.

3.4 The classification of advances, as certified by the Branch Managers have been incorporated, in respect of unaudited branches.

4. FIXED ASSETS (PROPERTY, PLANT AND EQUIPMENT)

The Profit on sale of assets during the year was ? 17959457.20 (Rupees one Crore seventy-nine lakh fifty-nine thousand four hundred fifty seven and twenty paise only) out of which an amount of ? 1.35 crore has been transferred to capital reserve as per the consistent practice followed by the Bank.

5. INTER BRANCH RECONCILIATION/ INTERNAL OFFICE ACCOUNTS

Reconciliation of Inter Branch transactions and internal/ office accounts is under progress at different stages at the branches and /or Central Office Departments. Steps are being taken to eliminate the outstanding entries at the earliest. The necessary accounting adjusts if any required shall be carried out on the completion of such process. The management however does not anticipate any material consequential effect of pending reconciliation and elimination of outstanding entries.

6. CAPITAL AND RESERVES

• During the Financial Year 2024-25, the Bank has issued 35,41,77,539 equity shares having Face Value of ? 10 each for cash to Qualified Institutional Buyers (QIB) pursuant to Qualified Institutional Placement (QIP) in accordance with the provisions of Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended at a premium of ? 30.57 per share aggregating to ? 1436.89 Crore. This has resulted in an increase of ? 354.18 Crore in the issued and paid-up Equity Share Capital and ? 1078.60 Crore (net of share issue expenses of ? 4.11 crore) in Share Premium Account.

• The paid-up capital of the Bank stands at ? 19,256.59 Crore as on March 31st 2025. The Government of India shareholding stands at 94.61% as on March 31st, 2025.

• During the Financial Year 2024-25, Bank has not issued Basel III Tier II Bonds.

7. TAXES

7.1 In the opinion of management provisions under section 115 JB (Minimum Alternate Tax) of the Income Tax Act, 1961 are not applicable to the Bank. Therefore, bank has not provided any amount towards provision for MAT/ Income tax.

7.2 Tax paid in advance (Net of provisions) is under reconciliation. This is on account of amounts pending assessment/under appeal/ tax paid under dispute. [Refer Schedule 11(iii)].

7.3 Taking into consideration the decisions of Appellate Authorities, certain judicial pronouncements and the opinion of tax experts, no provision is considered necessary in respect of disputed and other demands of income tax aggregating ? 4061.92 Crore (previous year ? 8450.79 Crore), Service Tax aggregating to ? 256.24 Crore (previous year ? 238.42 crore) and Goods and Service Tax aggregating to ? 1615.29 crore (Previous year ? 1071.78 crore) towards contingent liabilities.

7.4 Tax expense for the year amounting to ? 1177.01 crore includes Current Tax expense of ? 17.01 crore and Deferred Tax expense of ? 1160.00 crore - refer note no.18.8.

7.5 The Bank has a carried balance of Net Deferred Tax Assets up to March 31,2025 aggregating to ? 3863.98 crore which was recognized in earlier periods and on estimated basis bank has reversed deferred tax asset amounting to ? 500.00 crores for the quarter (31.03.2025) and ? 1160.00 crore for the year ended 31.03.2025. In the opinion of the management, the carrying amount of DTA is fully realizable.

7.6 As per information available with the Bank, there is no outstanding dues payable by the Bank to MSME units identified by the Bank, which is pending beyond the time limit prescribed under MSMED Act, 2006 and there have been no reported cases of accepted liability of delayed payments of principal amount or interest thereon for such parties during the year.

8. There has not been any reported cases of delayed payments of the principal amount or interest due thereon to Micro, Small & Medium Enterprises.

b. Liquidity coverage ratio (LCR)

Reserve Bank of India had introduced the Liquidity Coverage Ratio (LCR) vide circular No RBI/2014-15/529 DBR. No. BP.BC.80/21.06.201/2014-15 dated March 31,2015 which has been modified from time to time, in order to ensure short term resilience of banks to potential liquidity disruptions by ensuring that bank have sufficient high quality liquid assets (HQLA) to survive an acute stress scenario lasting for 30 days. The minimum LCR requirement set out in the Reserve Bank of India guidelines for the bank effective for FY 2024-25 is 100%.

Definition of LCR: Stock of high-quality liquid assets (HQLAs)

Total net cash outflows over the next 30 calendar days

In the stock of high-quality liquid assets (HQLA), there are two categories of assets, viz. Level 1 and Level 2 assets. Level 2 assets are sub-divided into Level 2A and Level 2B assets on the basis of their price-volatility. Each category includes assets which the bank is holding on the first day of the stress period. Level 1 assets are with 0% haircut while in Level 2, 2A assets are with a minimum 15% haircut and Level 2B Assets, with a minimum 50% haircut.

The total net cash outflows is defined as the total expected cash outflows minus total expected cash inflows for the subsequent 30 calendar days. Total expected cash outflows are calculated by multiplying the outstanding balances of various categories or types of liabilities and off-balance sheet commitments by the rates at which they are expected to run off or be drawn down. Total expected cash inflows are calculated by multiplying the outstanding balances of various categories of contractual receivables by the rates at which they are expected to flow in up to an aggregate cap of 75% of total expected cash outflows.

Bank has calculated LCR for all working days for the March 2025 quarter based on the data extracted from the bank's database through the program specifically designed for this purpose. Bank's LCR for the quarter ended March 31^st 2025 stands at 126.27 % based on daily average of three months (Q4 FY 2024-25) and is well above the present minimum requirement prescribed by Reserve Bank of India of 100% for the Quarter ended March, 2025. Bank is having enough liquidity to meet sudden cash outflows.

The detailed Quantitative disclosure is placed below:

Liquidity Management in the Bank is driven by the ALM Policy of the Bank and regulatory prescriptions. The Domestic and Overseas Centers are reporting to the Asset Liability Management Committee (ALCO). The ALCO has been empowered by the Bank's Board to formulate the Bank's funding strategies to ensure that the funding sources are well diversified and is consistent with the operational requirements of the Bank. All the major decisions of ALCO are being reported to Risk Management Committee of Board (RMCB) periodically. In addition to daily/monthly LCR reporting, Bank prepares daily Structural Liquidity statements to assess the liquidity needs of the Bank on an ongoing basis.

The Bank has been maintaining HQLA mainly in the form of SLR investments over and above the mandatory requirements. Retail deposits constitute major portion of total funding sources, and such funding sources are well diversified. Management is of the view that the Bank has sufficient liquidity cover to meet its likely future short-term requirements.

1. Unweighted values are calculated as outstanding balances maturing or callable within 30 days (for inflows and outflows) except where otherwise mentioned in the Circular and LCR template.

2. Weighted values are calculated after the application of respective haircuts (for HQLA) or inflow and outflow rates (for inflows and outflows).

3. Adjusted values are calculated after the application of both (i) haircuts and inflow and outflow rates and (ii) any applicable caps (i.e. cap on level 2B and level 2 assets for HQLA and cap on inflows).

4. The Disclosure pertaining to first three quarters of FY 2024-25 are as compiled by the management and relied upon by the auditors.

c. Net Stable Funding ratio (NSFR)

Reserve Bank of India introduced the Net Stable Funding Ratio (NSFR) in order to promote resilience of Banks over a longer-term time horizon by requiring banks to fund their activities with more stable sources of funding on an ongoing basis. The minimum NSFR requirement set out in the Reserve Bank of India guidelines effective from October 1, 2021 is 100%

Definition of NSFR: Available Stable Fund (ASF)

Required Stable Fund (RSF)

The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding. Available stable funding (ASF) is defined as the portion of capital and liabilities expected to be reliable over the time horizon considered by the NSFR, which extends to one year. The amount of required stable funding (RSF) of a specific institution is a function of the liquidity characteristics and residual maturities of the various assets held by that institution as well as those of its off-balance sheet (OBS) exposures.

Bank has calculated NSFR for March 31st 2025 which stands at 133.78% which is well above the Reserve Bank of India prescribed minimum requirement of 100%. Bank's majority funding is from Retail and Small Business customers, which provide high stability with regard to stability of Funding. Bank is having enough stable sources of funding to fund their activities on an ongoing basis over a longer-term time horizon.

* As per the RBI Master Direction-Classification, Valuation and Operations of Investments Portfolio of Commercial Banks (Directions), 2023, DOR.MRG.36/21.04.141/2023-24 dated September12, 2023, The balance in provision for depreciation as at March 31, 2024, is transferred to General/Revenue Reserve.

c) Sale and transfers to/from HTM category/Permanent Category

Sale from Held To Maturity category (above the prescribed limit of 5%) during the current year: Nil [Previous Year: Nil]. Transfer To/From Held To Maturity Category other than the Category Transfer allowed by Reserve Bank of India at the beginning of the Year: NIL

As per Master Circular-Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions) 2023 dated 12.09.2023 issued by Reserve Bank of India, after transition i.e., 01.04.2024, Banks shall not reclassify investments between categories (viz HTM, AFS and FVTPL) without prior approval of their Board and the Department of Supervision (DoS), RBI.

e) Divergence in asset classification and provisioning

RBI vide its notification no. RBI/DOR/2021-22/83 DOR.ACC.REC. No.45/ 21.04.018/2021-22 dated 30.08.2021(Last updated on 01.04.2024) has made disclosure requirement by the banks where divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds in their Annual report.

For the FY ending 31.03.2024, the banks should disclose divergences, if either or both of the following conditions are satisfied:

(a) the additional provisioning for NPAs assessed by RBI as part of its supervisory process exceeds 5 per cent of the reported profit before provisions and contingencies for the reference period, and

(b) the additional Gross NPAs identified by RBI as part of its supervisory process exceed 5 per cent of the reported incremental Gross NPAs for the reference period.

If any of the parameter (a) and/or (b) triggers, the information to be reported to the Stock Exchanges.

SEBI vide their circular dated SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11,2023 brought these disclosures under Regulation 30 of SEBI LODR of material events / information and hence, necessitate immediate disclosure, as this information is price sensitive, requiring prompt disclosure. The listed banks shall make disclosures of divergences and provisioning beyond specified threshold, as mentioned in aforesaid RBI notifications, as soon as reasonably possible and not later than 24 hours upon receipt of the Reserve Bank's Final Risk Assessment Report ('RAR'), rather than waiting to publish them as part of annual financial statements published immediately following communication of such divergence by RBI to the bank.

Present Status: The RBI has submitted the divergence report for the year ended 31.03.2024 and assessment of trigger points are as follows:

a) the additional provisioning for NPAs assessed by RBI exceeds 5 per cent of the reported profit before provisions and contingencies for the reference period, and

Since there is no trigger evidenced in either or both of the trigger points, there is no breach by the Bank and accordingly, there is no need for making disclosure as per SEBI LODR regulations/guidelines.

f) Disclosure of transfer of loan exposures

Disclosures as per RBI Master directions ref no RE/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 "Master Direction -Reserve Bank of India (Transfer of loan exposures) Directions, 2021" dated 24.09.2021, the details of loans transferred / acquired during quarter ended March 31,2025 are given below:

i) In respect of "Loans not in default" that are transferred or acquired

• Bank has opted to provide full provision for the liability towards frauds for financial year ended 31.03.2025 instead of spilling over a period of four quarters.

• During the quarter ended 31.03.2025, 5 frauds under other than advances category has been reported to RBI, where likely loss is ? 0.50 Crore and for which the Bank is holding 100% provision. FMR wise fraud data is being reconciled

(i) Bank has opted to provide full provision for the liability towards frauds for the financial year ended 31.03.2025 instead of spilling over a period of four quarters.

(ii) During the quarter ended 31.03.2025, 13 frauds under other than advances category has been reported to RBI, where likely loss is ? 9.18 crore and for which the Bank is holding 100% provision. FMR wise fraud data is being reconciled.

Bank has opted to provide full provision for the liability towards frauds for financial year ended March 31st 2025 instead of spilling over a period of four quarters.

During the quarter ended March 31st, 2025, 27 number of frauds under cyber frauds category has been reported to Reserve Bank of India, where the likely loss is ? 0.003 crore. The provision for the amount of ? 0.003 crore has been made for the likely loss.

d. Unsecured advances

Banks shall disclose the total amount of advances for which intangible securities such as charge over the rights, licenses, authority, etc. have been taken as also the estimated value of such intangible collateral as per the following format:

ensure transparency in their dealings with group entities, banks should make the following disclosures for the current year with comparatives for the previous year:

g. Unhedged foreign currency exposures

Based on the available financial results and the declaration from the borrowers, the Bank has estimated the liability towards unhedged foreign currency Exposure to their constituents in terms of RBI/2022-23/131 DOR .MRG.REC.76/00-00-007/2022-23 dated October 11,2022 and the Bank holds provision of Rs 17.12 crore as on March 31, 2025.

f. Intra-group exposures

With the developments of financial markets in India, banks have increasingly expanded their presence in permitted financial activities through entities that are owned by them fully or partly. As a result, banks' exposure to the group entities has increased and may rise further going forward. In order to

Note : Nature and terms of the swaps including information on credit and market risk and the accounting policies adopted for recording the swaps should also be disclosed.

$ Examples of concentration could exposures to particular industries or swaps with highly geared companies.

@ if the swaps are linked to specific assets, liabilities, or commitments, the fair value would be the estimated amount that the bank would receive or pay to terminate the swap agreements as on the balance sheet date. For a trading swap the fair value would be its mark to market value.

c. Disclosures on risk exposure in derivatives i) Qualitative disclosures

The Bank uses Interest Rate Swaps (IRS), Currency Swaps and Options for hedging purpose to mitigate interest rate risk and currency risk in banking book. Such transactions are entered only with Clients and Banks having agreements in place.

a) The Market Risk Management Policy of the Bank allows using of derivative products to hedge the risk in Interest/Exchange rates that arise on account of overseas borrowing/FCNR(B) portfolio/the asset liability mismatch, for funding overseas branches etc.

b) The Bank has a system of evaluating the derivatives exposure separately and placing appropriate credit lines for execution of derivative transactions duly reckoning the Net Worth and security backing of individual clients.

c) The Bank has set in place appropriate control systems to assess the risks associated in using derivatives as

hedge instruments and proper risk reporting systems are in place to monitor all aspects relating to derivative transactions. The Derivative transactions were undertaken only with the Banks and counterparties well within their respective exposure limit approved by appropriate credit sanctioning authorities for each counter party.

d) The Bank has set necessary limits in place for using derivatives and its position is continuously monitored.

e) The Bank has a system of continuous monitoring appraisal of resultant exposures across the administrative hierarchy for initiation of necessary follow up actions.

f) Derivatives are used by the Bank to hedge the Bank's Balance sheet exposures.

g) The income from such derivatives are amortized and taken to profit and loss account on accrual basis over the life of the contract. In case of early termination of swaps undertaken for Balance Sheet Management, income on account of such gains would be recognized over the remaining contractual life of the swap or life of the assets/liabilities whichever is lower.

h) All the hedge transactions are accounted on accrual basis. Valuations of the outstanding contracts are done on Mark to Market basis. The Bank has duly approved Risk Management and Accounting procedures for dealing in Derivatives.

i) The derivative transactions are conducted in accordance with the extant guidelines of Reserve Bank of India.

Risk Management policies pertaining to derivatives with particular reference to the extent to which derivatives are used, the associated risks and business purposes served. Also, to include

a) The structure and organization for management of risk in derivatives trading.

b) The scope and nature of risk measurement, risk reporting and risk monitoring systems.

c) Policies for hedging and/or mitigating risk and strategies and processes for monitoring the continuing effectiveness of hedges/mitigants; and

d) Accounting policy for recording hedge and nonhedge transactions; recognition of income, premiums and discounts; valuation of outstanding contracts; provisioning, collateral and credit risk mitigation.

The Bank uses Rupee Interest Rate Swaps (IRS) for hedging purpose to mitigate interest rate risk in Govt. Securities and to reduce the cost of Subordinated Debt. In addition, the bank also enters into rupee interest rate swaps for trading purposes as per the policy duly approved by the Board. Swap transactions are entered only with Banks having ISDA agreements in place.

a) The bank has put in place an appropriate structure and organization for management of risk, which includes Treasury Department, Asset Liability Management

Committee and Risk Management Committee of the Board.

b) Derivative transactions carry Market Risk (arising from adverse movement in interest rates), Credit risk (arising from probable counter party failure), Liquidity risk (arising from failure to meet funding requirements or execute the transaction at a reasonable price), Operational risk, Regulatory risk and Reputation risk. The Bank has laid down policies, set in place appropriate control systems to assess the risks associated in using derivatives and proper risk reporting and mitigation systems are in place to monitor all risks relating to derivative transactions. The IRS transactions were undertaken with only Banks

as counter party and well within the exposure limit approved by the Board of Bank for each counter party.

c) Derivatives are used by the bank for trading and hedging. The bank has an approved policy in force for derivatives and has set necessary limits for the use of derivatives and the position is continuously monitored. The value and maturity of the hedges which are used only as back to back or to hedge bank's Balance Sheet has not exceeded that of the underlying exposure.

d) The accounting policy for derivatives has been drawn up in accordance with RBI guidelines, as disclosed in Schedule 17 -

Significant Accounting Policies (Policy No.6)

d. Credit default swaps

Bank using a proprietor model for valuation of Credit Default Swaps (CDS) positions, shall disclose the valuation as per the proprietor model, including the rationale for using that model and an explanation of the valuation methodology in the Notes to Accounts in their financial statements. The disclosure shall also include the valuation as per the CDS curve published by Fixed Income Money Market and Derivatives Association of India (FIMMDA) or benchmark recommended by FIMMDA*

*The requirement to disclose valuation as per the CDS curve published by FIMMDA or a benchmark recommended by FIMMDA shall be effective once FIMMDA starts publishing the CDS curve or recommends a valuation benchmark.

Credit default swaps-Nil (Previous Year-Nil)

f. Implementation of IFRS converged Indian Accounting Standards (Ind AS)

As per RBI guidelines, Bank is in the process of implementing Ind AS (Indian Accounting Standards). RBI vide Circular DBR.BP.BC.No.29/21.07.001/2018-19 dated 22nd March 2019 has deferred implementation of Ind AS for all Scheduled Commercial Banks till further notice. However, RBI requires all banks to submit Proforma Ind AS Financial Statements every half-year. As per RBI directive, a project Steering Committee headed by Executive Director has been formed for monitoring of Implementation of Ind AS in the Bank. Bank is submitting Ind AS Proforma Financial Statements to RBI on half yearly basis regularly after approval of Project Steering Committee.

h. Disclosure on unamortised Pension and Gratuity Liabilities and amortization of expenditure on account of enhancement in family pension of employees of Banks

1. Pension:

Unamortized Pension /Family pension liabilities as on March 31,2025 is NIL.

2. Gratuity:

Unamortised gratuity liabilities as on March 31, 2025 is NIL.

Provision for the employee benefits pertaining to Pension, Gratuity & Leave encashment have been made on the basis of Actuarial Valuation.

i. Letters of Comfort (LoC)

Banks should disclose the full particulars of all the letters of comfort (LoCs) issued by them during the year, including their assessed financial impact, as also their assessed cumulative financial obligations under the LoCs issued by them in the past and outstanding, in its published financial statements, as part of the "Notes to Accounts”

Cumulative position of LOC's outstanding as on March

31,2025:

1. During the year 2009-10, the Bank has issued a Letter of Comfort (LoC) undertaking to maintain a minimum CRAR of 12% in respect of Bangkok branch and to arrange to convert retained earnings to capital funds and/or infuse further capital in order to restore the CRAR to a minimum of 12%, subject to approval from Reserve Bank of India. The assigned capital of Bangkok Branch stands at THB 2,20,00,00,000(18.24%) as on March 31^st, 2025.

In the worst-case scenario of the entire textile exposure of the branch becoming NPA. We may have to make additional provision to the extent of THB 1.644 Mio being unsecured portion of standard textile advances. If this contingency arises, there would be no additional capital to be remitted as existing reserves are adequate to cover the unsecured amount.

2. During the year 2010-11, the Bank has issued a letter of Comfort favoring Bank Negara Malaysia. The Bank in association with other Joint Venture partners will provide support to India International Bank (Malaysia) Berhad in funding, business and other matters as and when required and ensure that it complies with the requirements of the Malaysian laws, regulations and policies in the conduct of its business operations and management. The financial impact of the letter of Comfort issued to bank Negara Malaysia is to the tune of our share of 35% of the paid-up capital of MYR 330 Mio i.e., MYR 115.500 Mio.

3. Based on the host country regulator's guidelines, Bank has issued letter of Comfort favoring CBSL at its meeting held on 12.09.2019 for meeting all obligations and liabilities arising out of business carried on by IOB Srilanka Branch.

20. Pursuant to the RBI circular dated 29th March 2025, on government guaranteed security Receipts (SRs) issued by ARCs, the Bank has reversed the excess provision of ? 369.74 crores to the Profit and Loss Account in “Provision & Contingencies -Government guaranteed Security Receipts". The Bank has valued these SRs based upon the NAV declared by ARC and the resultant unrealized gains of ? 51.62 crores have been recognized in Profit and loss Account.

The above amount of ? 421.76 crores is held under "Revenue & Other reserves” and has been deducted from CET-1 capital and would not be available for distribution of Dividend.

21. Lien Marked deposits as on 31.03.2025 for deposits held under lien is ? 5439.48 crore against Loan, LG, LC and attached by Govt. authorities.

22. The Bank hold covid 19 related provision as contingency provision amounting to ? 1647.03 crore as on March 31,2025.

23. Details of Single Borrower Limit (SBL) , Group Borrower Limit (GBL) exceed by the Bank

Banks Tier 1 capital as on 31.03.2024 is Rs 20839.72 crore . as per LEF norms as on 31.03.2024,20% of tier 1 capital is Rs 4167.94 crores and 25% of tier1 capital is Rs 5209.93 crores

There is no breach under single counter party exposure as per Tier 1 capital ie., Rs 20839.72 crore as on 31.03.2024

There are no breaches in any account under Group counter party exposure as per Tier1 capital i.e., Rs 20839.72 crore as on 31.03.2024 and all the accounts are within 25% of tier1 1 capital.

DISCLOSURES UNDER ACCOUNTING STANDARDS

1. Accounting Standard 5 - Net Profit or Loss for the period, prior period items and changes in accounting policies

The financial statements have been prepared following the same accounting policies and practices as those followed for the year ended March 31, 2024.

During the year, there were no material prior period income / expenditure items.

2. Accounting Standard 9 - Revenue Recognition

Revenue has been recognized as described in item No. 2 of Significant Accounting Policies - Schedule 17.

4. Accounting Standard 15 - Employee Benefits

The Bank had adopted Accounting Standard 15 (Revised) "Employees Benefits” issued by the Institute of Chartered Accountants of India.

1. Short-Term Employee Benefits:

The undiscounted amounts of short-term employee benefits, such as medical benefits which are expected to be paid in exchange for the services rendered by employees, are recognized during the period when the employee renders the service.

2. Long-Term Employee Benefits:

The summarized position of Post-employment benefits and long term employee benefits recognized in the Profit & Loss Account and Balance Sheet as required in accordance with Accounting Standard - 15 (Revised) are as under:

(i) The financial assumptions considered for the calculations are as under: -

Discount Rate: The discount rate has been chosen by reference to market yield on government bonds as on the date of valuation (Balance sheet dated 31.03.2025).

Expected Rate of Return: The Overall expected rate of return on assets is determined based on the market prices prevailing on that date applicable to the period over which the obligation is to be settled.

Bank's best estimate expected to be paid in next Financial Year for Gratuity is ? 84.40 crores.

II) Defined Contribution Plan:

The Bank has a Defined Contribution Pension Scheme (DCPS) applicable to all categories of officers and employees joining the Bank on or after 1st April 2010. The Scheme is managed by NPS Trust under the aegis of the Pension Fund Regulatory and Development Authority. National Securities Depository Limited has been appointed as the Central Record Keeping Agency for the NPS. During FY 2024-25, the Bank has contributed ? 186.95 Crore (Previous Year ? 165.26 Crore).

The estimate of future salary increases, considered in actuarial valuation, take into account actual return on plan assets, inflation, seniority, promotion and other relevant factors, such as supply and demand in employee market. Such estimates are very long-term and are not based on limited past experience/ immediate future. Empirical evidence also suggests that in very long-term, consistent high salary growth rates are not possible. The said estimates and assumptions have been relied upon by the auditors.

In respect of overseas branches, disclosures if any required for Employee Benefit Schemes are not made in the absence of information.

5. Accounting Standard 17 - Segment Reporting

The Bank has adopted Reserve Bank of India's revised guidelines issued in April 2007 on Segment Reporting in terms of which the reportable segments have been divided into Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. In compliance with RBI Circular DOR.AUT.REC. 12/22/01.001/2022-23 dated April 7, 2022, on establishment of Digital Banking Units (DBUs) and reporting of Digital Banking Segment as a sub-segment of Retail Banking Segment under Accounting Standard - 17 "Segment Reporting”, bank has reported Digital Banking Segment as a sub-segment of Retail Banking Segment.

2. The accounts of Joint Venture India International Bank (Malaysia) Berhad, which is combined in the Consolidated Financial results is prepared on a calendar year basis in accordance with the local legal requirements. The accounts incorporated of the Joint venture is for the period 01st October 2024 to 31st December 2024. There are no material changes during the period 01st January 2025 to 31st March 2025 requiring adjustment to the figures reported in the unreviewed accounts as received.

3. The Bank is holding 18.06% in Universal Sompo General Insurance Company Ltd. Since the shareholding in the Company is less than 25%, the same has not been considered as Joint Venture for preparation of Consolidated Financial Statements as per extant RBI guidelines.

4. The consolidated financial statements include the interest in JV which has been accounted in proportionate consolidation method as per AS 27 (Financial Reporting of Interest in JV). Accordingly, the share of excess of net asset over the carrying cost of investment of ? 28.34 Crores in JV representing FCTR is reported under reserves and surplus, this represents the translation difference.

5. In respect of investment in Associate, which has been accounted under equity method as per AS 23 (Accounting for investment in Associates), the carrying amount of investment in equity shares of ? 606.90 Crores is adjusted against IOB's share of net assets of ? 275.52 Crores and the balance of ? 331.38 Crores is adjusted against balance in Reserves and Surplus to recognize the decline in the value.

6. The Financial Statements of the joint venture (IIBM) have been prepared on a basis other than going concern which includes where appropriate, writing down Bank's asset to Net Realisable Value. IIBM has since entered cessation of business phase and intends to surrender its Banking licence. However, no material adjustments arose because of ceasing to apply the going concern basis.

7. Pursuant to Notification issued by the Central Government dated April 05,2025, effective May 01,2025, Odisha Gramya Bank and Utkal Grameen Bank have been amalgamated into a single Regional Rural Bank to be called as Odisha Grameen Bank in accordance with the scheme of amalgamation so notified.

10. Accounting Standard 24 - Discontinuing Operations

This Standard establishes principles for reporting information about discontinuing operations. Merger/ closure of branches

of banks by transferring the assets/ liabilities to the other branches of the same bank may not be deemed as a discontinuing operation and hence this Accounting Standard will not be applicable to merger / closure of branches of banks by transferring the assets/liabilities to the other branches of the

same bank. Disclosures shall be required under the Standard only when: (i) discontinuing of the operation has resulted in shedding of liability and realisation of the assets by the bank or decision to discontinue an operation which will have the above effect has been finalised by the bank and (ii) the discontinued operation is substantial in its entirety.

11. Accounting Standard 26 - Intangible Assets

The software acquired by the Bank for core Banking systems and other services relating to Information Technology

department are being capitalised under intangible assets and are amortized over 3 years.

12. Accounting Standard 27 - Financial Reporting of Interest in Joint Venture

The bank has an investment of 35% in the JV, India International Bank (Malaysia) Berhad (IIBMB) with 1,15,50,000 no. of shares

of MYR 10 each valuing Rs 1,99,57,52,186.00 as at the year-end 31.03.2025. Upon the shareholders of IIBMB unanimously deciding for voluntary exit of the operation in Malaysia, the Board of the IIBMB sought approval from the Bank Negara Malaysia (BNM) for voluntary winding up. The BNM in letter dated 09.02.2024 has given no objection to the winding up operation and subsequently surrender the business licence subject to submission of detailed exit plan. In terms of the said order of BNM, the IIBMB is in the process of winding up. As per the audited financials of IIBMB for the FY December 31^st 2024, the loans and advance and deposit from customers has been brought to zero. The impact on the investment, if any, that might arise shall be considered upon final winding up.

13. Accounting Standard 28 - Impairment of Assets

The impairment of assets in our Bank is NIL