Deloitte

Haskins &Sells Chartered Accountants

1 gth floor, Shapath - V
S G Highway,
Ahmedabad - 380 0'15,
Gujarat, lndia

Tel: +91 79 66827300

Fax:, +91 79 66827400

INDEPENDENTAUDITORS'REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL

RESULTS

TO THE BOARD OF DIRECTORS OF IDFC BANK LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial

Results of IDFC BANK LIMITED (the "Bank") for the Quarter ended 30 lune 2018 (the
"statement"), being submitted by the Bank pursuant to the requirement of Regulation 33
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 except
for the matters in Note 9 to the Statement"

2. This Statement, which is the responsibility of the Bank's Management and approved by
the Board of Directors, has been prepared in accordance with the accounting principles
generally accepted in India along with the recognition and measurement principles laid
down in Accounting Standard 25 for "Interim Financial Reporting" ("AS 25"), prescribed
under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder,
in so far as they apply to banks, and circulars and guidelines issued by the Reserve Bank
of India (RBI) from time to time. Our responsibility is to issue a repoft on the Statement
based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the
Independent Auditor of the Entity', Issued by the Institute of Chartered Accountants of
India. This Standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review is
limited primarily to inquiries of Bank's personnel and analytical procedures applied to
financial data and thus provides less assurance than an audit. We have not performed an
audit and, accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the
aforesaid Accounting Standard, along with the other accounting principles generally
accepted in India, in so far as they apply to banks, and circulars and guidelines issued by
the RBI from time to time, has not disclosed the information required to be disclosed in
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations,?OLS, including the manner in which it is to be disclosed, or that it contains
any material misstatement or have not been prepared in accordance with the relevant
prudential norms issued by the RBI in respect of income recognition, asset classification,
provisioning and other related matters,

For DELOITTE HASKINS & SELLS

Chartered Accountants
(Firm's Registration No, 117365W)

Kalpesh J. Mehta
Partner
(Membership No. 48791)
CHENNAI, 30 luly, 2018
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