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Brblbank May 4, 2021 Apno Ka Bank bRBlBANK May 4, 2021 apno ka bank BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Sandra Kurla Complex, Sandra (E) Mumbai - 400001 Mumbai -400051 Script Code: 540065 Script Name: RBLBANK Reg: Disclosure under relevant prov1s1ons of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") Sub: Outcome of Board Meeting Dear Sir/Madam, Pursuant to the applicable provisions of the SEBI Listing Regulations, this is to inform you that the Board of Directors of RBL Bank Limited ("the Bank") at its meeting held today i.e. on May 4, 2021 has, inter-alia considered/approved the following: 1. Audited Standalone Financial Results for the 04 and financial year ended March 31, 2021 along with the Auditors Report (with unmodified opinion) duly considered by the Audit Committee of the Board and which were approved by the Board of Directors at its meeting held today (enclosed); 2. Audited Consolidated Financial Results for the 04 and financial year ended March 31, 2021 along with the Auditors Report (with unmodified opinion) duly considered by the Audit Committee of the Board and which were approved by the Board of Directors at its meeting held today (enclosed); In supplement to the above, please find enclosed herewith the following: 3. Press Release on the above-mentioned Audited Financial Results of the Bank for the quarter and financial year ended March 31, 2021. 4. Investor Presentation on the Audited Financial Results of the Bank for the quarter and financial year ended March 31, 2021 5. Declaration in respect of Audit Report with unmodified opinion with respect to the aforesaid Audited Financial Results/Statements (Standalone and Consolidated) for the quarter/ financial year ended March 31, 2021. Further, the Board of Directors of the Bank had at its meeting held on May 3, 2021 carried out an annual review of the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" as formulated pursuant to the applicable Regulation of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The said code is available on the Banks website at URL https://ir.rblbank.com/codes-and-policies.aspx www.rblbank.com RBL Bank Ltd. Contro!lng Office: One lndiabu!ls Centre, Tower 2B, 6th Floor, 841 Senapati Bapat Marg, lower Pare!, Mumbai~ 400 013 !Te!:+91 22 43020600 l Fax: 91 22 43020520 Registered Office : 1st Lane, Shahupuri, Kolhapur - 416001, India I Tel.: +912316650214 I Fax: +91 2312657386 C!N: L65191PN1943PLC007308. E-mail: [email protected] RBLBANK apno ka bank Please note that the Board Meeting commenced at 2.33 p.m. and concluded at3•,Sop.m. ~)' Kindly take the same on record. Thanking you, Yours faithfully, For RBL Bank Limited Company Secretary Encl: As above www.rblbank.com RBL Bank Ltd. Contro!ing Office· One lndiabulls Centre, Tower 28, 6th Floor, 841 Senapati Bapat Marg, Lower Pare!, Mumbai - 400 013 I Tel:+9122 43020600 I Fax: 91 22 43020520 Registered Office: 1st Lane, Shahupuri, Ko!hapur - 416001, India! Tel.: +912316650214 I Fax: +91 2312657386 CIN: l65191PN1943PLC007308. E-mail: customercare@rblbankcorn HARIBHAKTI & CO. LLP Chartered Accountants INDEPENDENT AUDITOR’S REPORT To the Board of Directors of RBL Bank Limited Report on the Audit of the Standalone Financial Results Opinion We have audited the accompanying standalone annual financial results of RBL Bank Limited (“the Bank”) for the year ended March 31, 2021 (“the Statement”), attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’), except for the disclosures relating to Pillar 3 disclosure as at March 31, 2021, including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been audited by us. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement: (i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard except for the disclosures relating to Pillar 3 disclosure as at March 31, 2021, including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been audited by us; and (ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“RBI”) from time to time (“RBI Guidelines”) and other accounting principles generally accepted in India, of net profit and other financial information of the Bank for the year ended March 31, 2021. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (“Act”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Bank in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Statement, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter We draw attention to Note 9 to the Statement which explains that the extent to which COVID-19 pandemic will impact the Bank’s operations and financial results is dependent on future developments, which are highly uncertain. Our opinion is not modified in respect of this matter. Hartbhalth & Co. LLP, Chamre-d At(C)l;Mtants Reen. ~o. AAC, 316~ 1 hmil~ l1ab l1ty parl"HV\ p regliU.'1e<:I It\ 1~•a (C()rnlett,d M 17t~ --~.e. ?01, lrom firm r~r bhil<:t & Co. FRN: 103523\YJ P"eist~ed 01f,ct>: 10!>, Lttla Busine1s Parll. ,\l\c..'\ert-Kurll R~d, Anc~cn (fl, IJ.-mbal - ◄ :O 0S9, Int! 3. Tel:•91 22 6672 'i999 ra,:•91 22 66n 9777 Other nfll(1"1: Ahn,rdat.ad, Sen~.uru, Ch~nn), ~dcrabad ~olk.ati, Ne,. 0~lhl, P,int HARIBHAKTI & CO. LLP Chartered Accountants Board of Directors’ Responsibility for the Standalone Financial Results This Statement has been compiled from the standalone annual financial statements. The Bank’s Board of Directors are responsible for the preparation and presentation of this Statement that gives a true and fair view of the net profit and other financial information of the Bank in accordance with the recognition and measurement principles laid down in the Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the Statement, the Board of Directors are responsible for assessing the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Bank’s financial reporting process. Auditor’s Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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