Kotak Mahindra Bank Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. The above results were reviewed at the meeting of the Audit Committee and approved at the meeting of the Board of Directors held on 241h October, 2018. The results for the quarter and half year ended 301h September, 2018 have been subject to limited review by the statutory auditors and there are no qualifications in the limited review report.

2. Other Income includes non-fund based income such as commision 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.

3. Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the previous period / year.

For Table, kindly refer Corporate Announcements on

4. During the quarter, the Bank has granted NIL options under employee stock option scheme. Stock options aggregating to 872,247 were exercised during the quarter and 11,945,407 stock options were outstanding with employees of the Bank and its subsidiaries as at 30th September, 2018.

5. RBI circular dated July 11, 2015 on 'Basel III Capital Regulations' read together
with the RBI circular dated March 31, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards-Amendments' requires banks to make applicable Pillar 3 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: https: //www. -results/requlatory-disclosure. html. These
disclosures have not been subjected to audit or limited review.

6. The Bank has allotted on 2nd August, 2018 8.10% Perpetual Non-Convertible Preference Shares (PNCPS) to eligible investors at the issue price of Rs. 5 per PNCPS aggregating to~ 500 crore, resulting in increase in paid up capital of the Bank to the said extent.

7. The Summarised Balance Sheet of the Bank (Standalone) is given below:

For Table, kindly refer Corporate Announcements on

8. There has been no change to significant accounting policies during the quarter and ha lf year ended 30th September, 2018.

9. Figures for the previous period's / year have been regrouped wherever necessary to conform to current period's / year's presentation.

Dipak Gupta
Joint Managing Director