Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - RBL Bank ended fresh credit card sourcing with Bajaj Finance, servicing existing 3.4 million co-brand cards continues - Direct sourcing now 35%, targeted to reach 50% in coming quarters; new co-brand partners onboarded - Credit card portfolio expected to grow 10-15% range-bound going forward - Elevated credit costs in co-brand portfolio expected to normalize by Q1 FY26 - Profitability of co-brand portfolio currently below normalized levels, expected to improve by Q1 FY26 - No material financial impact expected from discontinuation of Bajaj Finance sourcing - Customer retention and spend patterns expected stable post partnership end - New co-brand partners target mass affluent customers with similar credit criteria - Trail fee payouts to Bajaj Finance expected to sunset over 2-3 years - Bank aims to cross-sell other products to existing co-brand card customers over time