Earnings per equity share

31. Earnings per equity share

By way of an ordinary resolution on July 19, 2025, the shareholders of the Bank approved, through postal ballot, the issuance of bonus shares, in the proportion of one bonus equity share of

Rs.

each for every one fully

paid-up

equity share held as of the record date (August 27, 2025). Accordingly, the Bank allotted

7,677,039,761

equity shares as bonus shares on August 28, 2025 by utilization of share premium. All shares/ADS and per share/ADS information in the financial results reflect the effect of the bonus shares issuance retrospectively. One ADS continues to represent three equity shares.

A reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share has been provided below. Potential equity shares in the nature of ESOP with average outstanding balance of

105,842,228; 76,454,198 and 112,768,277

were excluded from the calculation of diluted earnings per share for the fiscal years ended March 31, 2024, March 31, 2025 and March 31, 2026, respectively, as these were anti-dilutive.

Weighted average number of equity shares used in computing basic earnings per equity share

Effect of potential equity shares for stock options outstanding

Weighted average number of equity shares used in computing diluted earnings per equity share

The following are reconciliations of basic and diluted earnings per equity share and earnings per ADS.

Fiscal years ended March 31,

Basic earnings per share

Effect of potential equity shares for stock options outstanding

Diluted earnings per share

Basic earnings per ADS

Effect of potential equity shares for stock options outstanding

Diluted earnings per ADS

Any dividends declared by the Bank are based on the profit available for distribution as reported in the statutory financial statements of the Bank prepared in accordance with Indian GAAP. Additionally, the Banking Regulation Act and related regulations require the Bank to transfer 25% of its Indian GAAP profit

after-tax

to a

non-distributable

statutory reserve and to meet certain other conditions in order to pay dividends without prior RBI approval. As per the RBI guidelines, the dividend payout cannot exceed 35% of net income as calculated under Indian GAAP. Accordingly, the net income reported in these consolidated financial statements may not be fully distributable in that year. Dividends declared for the fiscal years ended March 31, 2024 and March 31, 2025 were

Rs.

9.75

per equity share and Rs.

11.00

per equity share, respectively. The Board of Directors at its meeting held on July 19, 2025, declared a special interim dividend of Rs.

2.50

per equity share

pre-bonus

share issuance.