doINDIAN OVERSEAS BANK

cElrrar orflcE, 763, ar{NA sarar, cHEr{r,tat 600002

uxauDtrED (tEvtEwED) flt{aNctaL tEsuLrs rol r}tt euatTti aND HAtf yEAt tNotD 3otx SEpTEMlEr 2o2oin

SLNO

?orllculorr

Quoder ended30.09.2020(ReYlewed)

Quoalcl cnded30.0a.2020(ravhw.d)

Quoaler endad30.09.201t(r.vbwcd)

xol yeorandad

3t).r.2020(Ievlcwcd)

xotrycotandad

30.9.20tt(Icvhwcd)

Yeo, ended31.3.2020(Audncd)

4.36,254 4.30,t 84 4,27,565 866.438 86t.204 17,40,61Ilnleres, Eomed lo) + lb) +lc)+ ldl2.83.976 s.62 88t 5.79.731 I 1.5r.255(o) lnleresl/discounl on odvoncet/bill5 284728 2,t8,153

lb) hcome on lnvethenh I43713 1.42.234 1.26.138 2.45.947 2.46.333 5.20.795(cl lnleresl on Bolonces wjlh Reserve Bonk ot hdioond olher hler 80nk funds 7813

9,797r 7.l5l

17.6t0 35.t40 62.454

{dl Olhe6 0 0 0 0 0 6,t072 Olher hcome 105804 93.179 71.835 1,99,983 1.41.844 3,30.6373 TOTAL INCOME (l +2) 5 43 058 5 23.363 5 02.400 1_066.421 t.003.048 20_71.244

lnleresl EIpended 280121 2,88,952 3.O7.176 5,69,07 6 6,11.969 I2, t0.3285 Operoling Expenles {i) + tiil 128312 1,24,996 1,20,623 2.53.308 2.33.662 5, t2,883

{il Employee9 Cod 803r9 88,398 71,181 1.68.7l7 1.47,77 6 3.24,472l.8a.8l Ilii) Olher Operofinq expenres 47993 36,598 16,142 84.591 85.886

i|,13,948 1,27,7i9 8,22,384 8,45.63t 17,23,2116 roral txPE D|TUlt (4+5)let.ludino Provl!lonr

', Contlno.nci.r)

4.08,436

OPENATIIIG PTOTITh.l6rF Pr6vli16n. r C6htl^6.^.l..ll.Il

t,u,622 I,09,415 71,601 2,11,O37 1,57,117 3,48,0371

2,t6.b7 4. t5.346 I1,87,8r68 Provirions lorher lhon loxl ond Conlingencies I t9,255 96,952 2.99,&4o 0 0 0? Exceplionol llems 0 0

(225.0031 27,a30 l2s7,96e1 (839.7791r0 Prolil l+)/Loss{-) from Ordinory Aclivilie5 belor€lor(7+9)

15,367 12.163

36t 947 1,603 18,292553 39426.883 l2s9,s72l (8s8,0/r)\2 Nel Profit (+) / Loss(") from Ordinory Aclivilies ofier

lox llGl l)14,814 \2.069 1225.3641

0 0 0 533rl3 Exlroordinory ilems {nel ol lox expenseJ 0 0r2 069 t725 364\ 26 883 I2S9 572\ la52 7401l4 N6l ?rolit (+) / lois (-) lo.lhe oerlod (12-13) 14,8t 4

9. t..t 65 t6.43.699 9.14.165 t6,43.699l5 Poid up equily lhore copilol (Foce volue ol oochshore - Rs.l0/-l

| 6,43,699 16,43,699

-261.338l6 Reserves excluding Revoluolion ReseNes (os petbolonce rheel ol previous occounling yeor)

tl Anolylicol Roli05

95.84 92.52 95.84lil Percenloge ol3horer held by Govl. ot lndio 95.84 95.84 92_52

10.93 I.86 10.90 I t.86liil CopitolAdequocy Rotio {*} I Bosellll) r0.90 1o.729.20 8.21(ol CET I Rolio 8.36 838 9.20 8.36

0.00 0.00 0.00lbl Addilionolfer I Rolio 0.m 0.00 0.00

liii) Eomino Per Shore {EPS) - in Ruoeeso) Bosic ond diluled EPS before Exlroordinoryiiems lNel ol lo( e)penre) lor ihe period, ,or lheyeor lo dole ond lor lhe previoLrs yeor (nolonnuolized) 0.09 0.07 12.171, 0.16 12.84) 18.04)

b) Soric ond diluled EPS olisr Exlroordinory ilen6lor lhe pedod, lor lhe yeor lo dole ond lor ihepreviour yeor {nol onnuofued) 0.0, o.o7 12.17) 0.16 12.841 17.99)

liv) NPA Roliotol Grosr NPA t7.65,963 2A 67 395r8,29,084 28.67.395 I7.65.963 '19.9 t .214b) NeI NPA t2,50.797529.060 6,08,089 529.a6a 12.50.797 6.60.280cl % of Gro5t NPA )3.44% r3.90 20.00 13.04% 20.00 I a.78dl%ofNel NPA 4.3C% I 9.84 d.30% 9.84 5.44el Relum on orseh (Annuolisedl (%l 0.20 0.16 {3.r5) r.820. r8 12.e s

1\-rPloce:ChennoiOole :06.11.2020 MANAGING DITECIOT

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INDIAN OVERSEAS BANKRAt OTFICE, 763, ANNA SAIAI, CHENNAI 600002

NAUDITEO REVIEWED FINANCIAT RESUTTS FOR THE ARIER AND HAI.F YEAR ENDED 3OIH SEPTEMBER 2O2OSU RISED BAI.ANCE SHEET

(Rs. ln lokhi)As ot 30.09.2020

(Revlewed)A! ot

31.03.2020(Audlted)

Cooitol & LloblllllesCopitol I643699 9.14.165 )6.43,699Reserves qnd Surplus -27 60 4,66,988 -28,201Deposits 229 607 42 2,22,25,809 2,22,95,)A8Bonowings 532564 4,57.1r0 5,41,973Other Liobilities & Provisions 6356208 10.58.569 I6,20.024Tolol 3,14,90,453 2,51,22,641 2,60,72,683AsselsCosh & Bolonces wilh Reserve Bonk of lndio 8.34.423 I1.33,077 3,t5,522Bolonces wiih Bonks & Money ot coll ond Short Notice t3,42,77 4 13,20,328 20.90.543lnvestments 9t,86,308 77,60,412 79,4t,604Advonces t,22.96.779 1,26.92.127 t,2t,33,341Fixed Assels 3,03,641 3.2s,095 3,12,734Other Asseis 7 5.26,528 18,91,602 32,78,935Tolol Assels 3, t4,90,453 2,51,22,641 2,60.72.683

NOIES

l The obove Slondolone Unoudited Finonciol results hove been reviewed by lhe Audit Committee of the Boordond opproved by the Boord of Dkectors in lheir respeclive meelings held on Novembet 6, 2020. The resullshove been subiecled lo limiled review by lhe Slolulory Cenlrol Audilors ol the Bonk in line with the guidelinesissued by the Reserve Bonk of lndio ond os per lhe requirements ol SEBI (Listing Obligotions ond DisclosureRequiremenls) Regulotions, 2015 os omended.

2 The obove linonciol resulls hove been onived ol oller considering provision for loon losses, restructured ossets,slondord ossels, slressed seclor occounls, employees' eslimoted woge revision. income lox. depreciolion oninveslments ond fixed ossels, provision for employees' benefils ond other necessory provisions on lhe bosis ofprudentiol norms ond direclions issued by RBI. Provision for employee benefits perloining to Pension, Groluityond Leove Encoshmenl ond other benefils hos been mode on the bosis of ocluoriol voluolion.

3 The obove slondolone unoudiled finonciol resulls hove been prepored following the some occountingpolicies ond proctices os lhose followed in lhe onnuol finonciol slolements for the yeor ended Morch 31 ,2020.

4 ln occordonce wilh RBI ckculor DBR.No.BP.BC.l/21.06.201l20l5-16 doled July l, 2015. bonks ore required tomoke Quorlerly Pillor 3 disclosures including Leveroge Rolio ond Liquidity Coveroge Rotio under Bosel lllFromework. The disclosures ore being mode ovqiloble on bonk websile ol the lollowing linkhtlp://www.iob.in/invesior_cell.ospx. The disclosures ore not subjecled lo verificotion by the Stotutory CentrolAudilors of the Bonk.

5 Eosed on lhe ovolloble finonciol slotemenls ond ihe declorotion from bonowers, the Bonk hos eslimoled theliobilily towords Unhedged Foreign Cunency Exposure to lheir conslituenls in terms of RBI circulorDBOD.NO.BP.BC.85|2\ .06.2@12013-1 4 doted Jonuory I 5, 201 4 ond holds o provision of Rs.I I .08 crores os onSeptember 30. 2020.

6The Honouroble Supreme Courl in ils interim order doted September 3, 2020 in the Public Interest Liiigolioncose of Gojendro Shormo vs Union of lndio & Anr hos direcled Bonks thol'lhe occounls which were notclossifled os NPA lill Augusl 31, 2020 sholl nol be so clossified lill furiher orders ol Supreme Courl. Pursuont lolhe order, the Bonk hos not clossified ony domestic bonowol occount which hos nol been clossified os NPA osol August 31, 2020 os per RBI Prudenliol Norms on lncome Recognilion, Asset Clossificolion, Provisioning ondolher reloted molters, os NPA ofter Augusl 3l , 2020.

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At ol30.09.2019(Revlewed)

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ln view of lhe conlin uing uncerloinilies prevoiling in lhe Globol ond lndion economy conseq uent to lhe ,lCOVID-19 ponde mtc, lhe exlenf of impocl on lhe Bonk's operolions ond finonciol posilion remoin uncerloinond would depend on severol foclors including octions token to miligote ils impocl ond other regulolorymeosures. Despite lhese prevolent conditio ns, in lhe opinion of Monogemenl lhere would not be significionlimpoci on Bonk's finonciol resulfs ond on go ing concern ossumptions

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n co cordo enc h elo ed 'to oC D 9 eR ulo P koc o e eoss osscl coifi ns ory to no dsOV on n do d 72 202003 7p 40 2020 no d no ds 5S U d BR h h nd no oB kn soug

55A Co to on do ed Bo kn ho nro oed om ro flo mU o ns og m n ots dn or n se o os bCO eppUd e b nee M rcho o2020 dn U US 3 t2020 o orrb rsowe Cg sso if ed e en

o rde eU o on5 eF bruo 92 2020 The nry e do shop be CIx uded Bothe knbymfro NU m be he d fore hdoys e U e opos essp rpos U dn e BR s nc eom

R n ili no o dn C fiosSr oC N TH oB knog ons orms oh std o no S30th e bm e 2020 hpet tin o m oC o b9po sedo no h n rmp o tio no OV oil bo e o tn n mtipoi

The disclosure requkemenls os per RBI circulor dolbelow.

l, 2020 for lhe hqlf yeor ended 30.09.2020 is givened I 7th Apri

Porliculors (Rs in crore)Respeclive omounls in SMA / overdue cotegori es, where lhe morolorium / defermenl wos

s os on 3l .08.2020exlended o 4655.86

rewhe o e c ossr fico nto wo exf n ed d o ons 3854.87Provisions mode duri lhe Q4 FY 2019-20 ond Ql FY2O2O-21 402.9 6Addilionol Provison mode during lhe currenl quorter 279 .88Tolol Provisions held os on 30.09.2020. 682.84^P doro is o sn U s ed rldU n he sre c VE Co nCOU ns orl sd ope o stn ss p es ndo hes ppos

slo0

8

To o Pt ho ts on osd no 0930 2020 nC desU Pro no owo sd nc mo rece koned n tiro n rofiope s pno he bovo e o cC Uo tsn o n R 3s 428 c4 rotss ego e ss

9 The oB kn oh s e5 CrU U ed 6B 5 MMS E o cc Uo tsn no lreod ed h me sos o dn ord s5o tse mo nOU n o R 670 48oroC U So e me bep o2020 s BR Cp Utrc o 20 8- 9p BD R PB BC 8 40 04l2 8 8- d9120 o de oJ Un ory20 I no d otm n o n d ros n o R 4s 032 rorC one Us hc 5 no od d s5o e ts

l0

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C o dn o dle o nCO tl e o cre o n eh oxes onp s he Ho Y ore end 30ed .09 2020 soer he is o sn fo nc mo Te Xop he npro Bo k oh recs n ized eD rrefe d Asog s U o s3porcM h 2020 'to sR 286 no mti405 n di eff nre eC s on cc nordo ec ths cc nOU s no rddong

2 o2 n CC Uo n n oT oxes n n mo e Urss ed hTg e hC eredortby c OUc n no ls o o dn noD fee etr d loL bi re n d for he rlUO e hty tfo o Ur ncog q der noye d h os m

b rec rsn ed U re eom msure n o theog pon nde o the

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h er o tro hc no c o Us cC ed n n o e lso fi ed h h oe e os pp ep o dn co oC rd np sn oo dd ono o no ho bees mn dop d U ed cn mo Iox top oCrores dnlynd Cre T xo oti b li o R 9 282 totc sety

As Rer B D RB oN PBp 5 99/2 6- o7 Dnd RB N o PB 906 o4 048l2 120 do8 ed U.J ne20 o7 nd U s 720 sre c e fo h oc nug pe coU s oC ered ndU er eh st no os CB ons nlve Cpro

no Bod kn cru B no k holds np cy o o o ro tos oln sR 9s 790 os np o 30 09

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hT Be no k h so und n he ne d Sed lems be 30 2020 mod oe odnp hoc on ol Rs 00IJ cprovisi roreowo srd evision o wo se Ud e eh lf trec mo No m(] VE be 20 7 the ob kn holdts n c mU oUI ti oeg

R s 964 c05 ror kito n o nco etd o nto do hoc en o sR 2 rorC e

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RBI Iguidelines on23.05.2020 clorificotion by

06.o5.2020,folling oseligible Slondord,

morolorium wherever gronled,lhe occounl is of clossificolion

Assel provision ogoinstCovid- uplo

Respeciive (O/s 30.09.2020)omounls benefit

inleresl

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Government l Aclseclion I

forincome quorfereorlier Act nel

crote,oggregolingtor lnstilule of lndio,

incrementol Asset ts revtew

outhorilies, inloondjudiciol consullonts, of

thot is the oulhoriliestn ofrespecl of Rs.5734.33

circulor No l .o4.0481201 I7_

28.lheCode, crore .2020.

ll

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l4 The posilion of lnvetlors' Comploinls for lhe period from July l, 2020 to September 30, 2O2O is os underPending comploinls ot lhe beginning of lhe Quorler - 0Comploinls received during lhe Quorter - 2Comploinls redressed during the Quorler - 2

Closin bolonce ol the end of lhe Quorler 0t5 The Provision Coveroge Rolio of the Bonk os on September 30, 2020 slood ol 89.36 %.

l6 Previous period/yeor ligures hove been regrouped /reclossiried/reononged wherever necessory.

SEN GU PTA

\hPloce: chennol AJAY KUMAR SiIVASTAVA PARTHA PRA

tor R SUBRAMANIAN AND COMPANY ttP ror SARC & ASSOCIATESChoriered Accounlonls Chorlered AccountonlsFRN 0041375/5200041 FRN 006085N

@ (;(rm;:iI\-qQBz.--

(R Prokosh)port!-rgt

M No:205869

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for M. SRINIVASAN & ASSOCIATES

Chortered AccountonlsFRN OO4O5OS

tor PATRO & CO

Chqriered AccounlonlsFRN 3]OIOOE

CNARlERED

EhN 4\or'{&,c)

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06

(S Sonthosh)

PortnerM No. 230839

DIN: q€S -l r) <') 9'

.iM Anondo Roo)

DIN

PortnerM No. 051656

{r.-DoIe : 06.I'I.2020 EXECUTIVE DIRECIOR MANAGING DIRECIoR & cEo

M No. I l4l ?6

(Chelon IhokkooPorlner

Rs in Lakhs

Half Year ended

30.09.2020 30.09.2019

CASH FLOW FROM OPERATING ACTIVITIES

Net (Loss) After Tax 26883 -259572Addr Provision for Tax 947 16 03

Net (Loss) before lncome Tax 27830 -257969Adjustments for

Amortisation of HTM lnvestments - 22 91 19 57

Loss on Revaluation of lnvestments 14

124AODepreciation on Fixed Assets

(Prorlt)/ Loss on Sale of Assets 37 626Transfer from Reserves - 14 42 47 37

Provisioh for NPAS 14 51 14 39 73 22

Provision for Standard Assets 65088 99 68

Deprecration on lnvestments (net) 70 92

Provision for Other ltems 509 10 02

lnterest on IOB Bonds 1867846 26 49

Adius?t,ents for

lncrease / (Decrease) in Deposits 66 55 54 -27599lncrease / (Decrease) in Bonowings - 94 09 - 157494lncrease / (Decrease) in Other Liabilities & Provisions -1 07 94 95 15 57 95

(lncrease) / Decrease in lnvestments -1 24 79 19 -1 08 43 95

(lncrease) / Decrease in Advances -308552 17 0314

(lncrease) / Decrease in Other Assets 1489600 - 2671 11

-1 21 0,190

Direct Taxes (Net) - 11 99 - 10 89

-2221 16 -1 00 68 99NET CASH FLOW GENERATED FROM (USEO IN) OPERATING ACTIVITIES (A)

CASH FLOW FROM INVESTING ACTIVITIES

44 52 81Sale / disposal of Fixed Assets

- 33 94Purchase of Fixed Assets

NET CASH GENERATED FROM(USEO IN) INVESTING ACTIVITIES (B) 33 49

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds of Equity Share lssue (including Share premium)

Redemption ofTier I & Tier ll Bonds (Net )

- 94 11lnteresl Paid on Tier ll Capital - 34 04

Interest paid on perpetual (AT1) bonds

38 57 00Share Application Money received frcm GOI

- 34 04 37 62 89NET CASH GENERATEO FROM(USEO IN) FROM FINANCING ACTIVITIES (C)

-535745-228869NEr TNCREASE rN CASH ANo CASH EOUTVALENTS (A) +(B) + (C)

CASH AND CASH EOUIVALENTS AT THE BEGINNING OF THE YEAR

1029253Cash E Balances with RBI

2059897Balances with Banks & Money at Call

CASH AND CASH EQUIVALENTS AT THE ENO OF THE YEAR

83 44 23 113 30 77Cash E Balances with RBI

1320328Balances with Banks & Money at Call

-228869NET INCREASE i DECREASE IN CASH AND CASH EQUIVALENTS

INOIAN OVERSEAS BANK

CASH FLOW STATEMENT

STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30,09.2020

Rs in Lakhs

Half Year ended

(-

W1 q^-,

1207614356

54 96

16544

211175

-490221

-'l 04 16

- 51 35

lssue of Basel lll Tier ll Bonds

3't 55 22

2090543

1342774

- 63 57 ,t5

Ltp^,

I

r.del

.tsJo*

INDIAN OVERS

cENtRAt OtHCE.763. ANNA 5AI.AI. CHENNAI 600002SEGMENT REPORIING TOR THE QUARIEi AND HAtT YEAR ENDED 3OIh SEPTEMEER 2O2O

Rs. in lakh

Yeor ended3r .03.2020(Audited)

Quqrterended

30.06.2020(Reviewed)

Quorterended

30.09.2019

{Reviewed)

Hqlf Yeorended

30.09.2020(Reviewed)

Holf Yeorended

30.09.20r 9(Reviewed)

Quorlerended

T.O9.2020(Reviewed)

Porliculors

l) Seqmenl Revenue3 14 271 6 63 8502 04 9t8 2 15 802 | 59 567 4 20 720o) Treqsury Operotions

3 lo 775 6 49 121I 34 t9l I 46 t79 2 71 2641 37 073b) Corporole / wholesoleBonking

7 t3 4243 58 902 35a297| 92 259 1 66 643 I 87 089c) Reloil Bonkinor90/8 43 5t46 715 9 444 l5 498I 783d) other Bonking operotions

6 67237 62725 )2 12)e) Unollocoted20 76 581l0 66 421 l0 03 0485 43 058 5 23 363 5 02 400Tolol

Less: lnler segmenl Revenue

r0 03 04E ito 76 58t5 23 363 5 02 400 '10 66 4215 43 058lncome from Operolions2) Segmenl Resutli otlerProvisionr & Before Tox

56 544 1 1587762 880 77 475 26 856 I 40 755o) Treosury Operolions

- t2 648- 14 444 - 21 422 - 20 136 - 25 362b) Corporote / wholesoleBonking

-5692

It0364 r l0 555 2 )A 204c) Retoil Bqnkinq 6A 957 4t 447 6t 706l5 r03 33 387I 469 4 592 7 361 r306rd) olher Bonking Operotion!

l5 r00 7 577 6 548e) unollocoled't 34 622 I 09 415 74 601 2 44 037 1 57 417 3 53 368Operolinq Profit

I 19 255 96 952 2 99 604 2 16 207 4',rs 385 ll87816[e3s: Provklons ondConllnqenclesProfil Afler Provi3ion3 ond beloreIox I5 367 12 463 -2 2s OO3 27 430 -2 57 969 -E U 449

3) Seqmehl Arselio) Treosury Operolions r 02 00 680 99 8/ 881 87 99 869 r02 00 680 8/ 99 A69 939272)b) Corporote / WholesoleBonking

71 06 398 79 47 036 81 n 577 71 06 398 8l | 577 80 0s 573

cl Reloil Eonkinq 74 33 t26 7i 79 669 72 tO 476 7433126 7210 476 76 56 454d) Other Eonking Operotiont 46 t74 555t5 42 82t 46174 42 821 51 458e) Unollocoted 9 67 t35 9 66 &7 9 57 498 9 67 135 9 57 898 9 66877Totol 257 53 513 267 36 908 251 22 641 257 53 513 251 22 641 260 72 643

4) Seqmenl Llobililiesol Treosury Operolions 9821 | 46 96 67 40A 85 43 78t 98 21 146 85 43 78r 91 t2 666b) Corporote / wholesoleBonking

69 53 489 77 60 a95 78t6ti6 59 53 489 78 l6 |6 77 98 956

cl Retoil Bonking 73 00 418 76 24 298 69 75 559 73 00 4r8 69 75 559 74 84 805dl Olher Bonkinq Operotiont 33 630 45 r73 16 572 33 630 16 572 56 424el Unollocoted 3 890 3 330 3 89 460 3 890 3 89 460 4 339Tolol 241 t2 573 25r 01 r04 237 41 $A 241 12 573 237 4t 4EE 244 57 ta65) Copitol Employed : SegmenlAsseh - Segmenl liobilitlei

o) Treosury Operotions 3 79 534 3 20 473 2 56 088 3 79 534 2 56 088 2 B0 055

Bonkingb) Corporoie / Wholesole

I 52 909 I 86 r4l I 52 909 295 461 2 06 617

c) Retoil Bonking I 32 708 r 55 371

2 95 461

2349i7 1 32 708 2349t7 171249d) Other Bonking Operotion5 t2 544 1A 342 26 249 l2 544 26 249 -4962

gLUnollocoted 9 63 245 9 63 477 5 68 43a 9 63 245 5 68 438 9 62 538

I . Segmenl expenses ond liobilities hove bi5 not possible.

T l 804 l6 940 l3 r53 '16 I 497

Nolei on Se nl Re

een qpporlioned on lhe bos is of overoge :egmenl o5sels, wherever dkecl ollocotion

16 40 940 3 Et 153

fi

oureS tf2 he e 5Fig pr C trrrearYea$/ LrO ll hr5v veo nq ta rec 5o5 if iedgrouped qrronre ed erevwh cel no 9!r dderen t che nure Ionespond I UO rtyeo et c5 so 5r cq tio no 5 Ilo onpre

HA PRA UPTANECTOR NAGINE

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R SUBRAMANIAN AND COMPANY LLPChartered Accountants

PATRO& COChartered Accountants

SAR C &ASSOCIATESChartered Accountants

M SRINTVASAN & ASSOCIATESChartercd Accountanls

lndependenl Audifors' Review Reporl on the Unoudited Slondolone Finonciol Results oflndion Overseos Bonk for the'quorier ond Holf ended September 30, 2020 pursucnt tothe Regulotion 33 of lhe SEBI (Listing Obligolions ond Disclosure Requiremenls)Regulotions 201 5, os omended

ToThe Boord of Directorslndion Overseos Bonk,Chennoi

We hove reviewed the occomponying Stotement of Unoudited Stondolon:Finonciol Results of lndion Overseos Bonk (lhe "Bonk") for the quorter onc, Holf ,,eorended September 30, 2020 ('lhe Stotement'), being prepored ond submit:ed bylhe Bonk pursuont to the requirement of Regulotion 33 of the SEBI (ListingObligotions ond Disclosure Requirements) Regulotions. 2015, os omended (" theListing Regulotions").

Ihe disclosure reloting to Pillor 3 disclosure os ot Septernber 30,2020, includingleveroge rotio ond liquidity coveroge rolio under Bosel lll Copilol Regulolions' lrosbeen disclosed on the Bonk's website ond in respect of which o link hos beenprovided in the Stotement (Nole No.4 ) ond hove nol been reviewed by us. TlrisStotement is the responsibility of the Bonk's Monogemenl ond hos been oppro.,,edby the Boord of Direclors. Our responsibility is 1o issue o report on ihe Stotementbosed on our review.

We conducted our review in occordonce with the Siondord on ReviewEngogement (SRE) 2410. "Review of lnlerim Finonciol lnformolion performed bythe Independent Auditor of the Entity" issued by ihe lnstitute of ChorleredAcccuntonls of lndic.:. This stor",dord requires thot we plon ond perfcrm the reviewto obtoin moderoie ossuronce os 1o whether Stotement is free of moteriolmisstotement. A review is limiled primorily lo inquiries of lhe Bonk's personnel ondonolyticol procedures opplie.J lo finonciol doto ond thus provides less ossurorrcelhon on oudit. A review is substontiolly less in scope thon on oudit conducted inoccordonce with the St:-lndorcls on Auditing ond consequen y does not enobleus to obtoin ossuronce liroi 'r,re wou&t become owore of oll significonl mcltersthot might be identified in.cn oudit. We hove nol performed on oudit ondocc ordingly, we do not expreis on oudit oprnron

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4. Bosed on our review conducted os obove. subjecl to limilotion in scope osmentioned in Poro 3 obove, nothing hos come to our ottention lhot couses us tobelieve thot the occomponying stotement of un-oudited Stondolone finonciolresults, prepored in occordonce with the opplicoble occounting stondords ondother recognized occounting proctices ond policies hos not disclosed theinformotion required to be disclosed in lerms of Regulotion 33 of the SEBI (ListingObligotions ond Disclosure Requiremenls) Regulotion 2015 os omended includingthe monner in which it is to be disclosed. or thoi it contoins ony moteriolmisstotement or ihot it hos not been prepored in occordonce with the relevontprudentiol norms issued by the Reserve bonk of lndio in respect of lncomeRecognition, Asset Clossificotion provisioning ond other reloted motters.

We drow otlention lo: -

A. Note No 6 to the occomponying finonciol resulls regording impocl of Hon'bleSupreme Courl order on provisioning ond clossificolion of Loons ond odvoncesos per prudentiol norms.

B. Nole No 7 lo the occomponying finonciol resulls which exploins lhol lhe exlenllo which lhe COVID-I9 Pondemic will impocl lhe bonk's operotions willdepend on fulure developments. which ore highly uncertoin ol lhis stoge

C. Nole No l0 lo lhe occomponying finonciol resulls which exploins lhe foct tholno lncremenlol Defened Tox Assel /tiobilily hos been recognized during lhequorler/holf yeor under review ond lhe some will be recognized upon remeosurement ol.lhe end of lhe yeor.

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3. The Unoudited Stondolone finonciol resulls incorporote the relevont returns of 20domestic bronches ond treosury division reviewed by us ond 2 foreign bronchesreviewed by the Locol Auditors of the Foreign Bronches, specificolly oppoinledfor this purpose. Our review reports cover 37.78% of the odvonces portfolio of thebonk ond 79.87% of the non-performing ossets of the bonk. Aport from thesereview reports in the conduct of our review. we hove relied on lhe review reporlsin respect of non-performing ossets submitted by Inspection teom of the Bonk forl05 domesiic bronches ond two foreign bronches ond review repgrt by locolouditors in respect of two foreign bronches which cover 16.06% of ihe odvoncesportfolio of the bonk ond7.41%of lhe non-performing ossels of the bonk. We hoveolso relied upon vorious returns ond informotion received from un reviewedBronches of the Bonk ond generoted through centrolized doto bose ot the Bonk'sHeod office.

5. Emphosis of Motlers

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D. Note No I I lo lhe occomponying finonciol resulls reloling to Non provisioningtowords vorious dispuled lncome tox ond indirect toxes for the reosons stoledlherein.

Our Conclusion is not modified in respecl o, lhese motlers.

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