| Year ended
March 31, 2022 |
Year ended
March 31, 2021 |
|||
| A | CASH FLOW FROM OPERATING ACTIVITIES | |||
| Profit before tax | 17,246.31 | 14,815.09 | ||
| Adjustments for: | ||||
| Depreciation, amortisation and impairment | 172.29 | 158.78 | ||
| Impairment on financial instruments (expected credit loss) | 1,932.00 | 2,948.00 | ||
| Share based payments to employees | 390.24 | 338.42 | ||
| Net gain on fair value changes | (938.47) | (956.48) | ||
| Interest expense | 26,476.16 | 28,383.48 | ||
| Interest income including surplus on deployment in liquid instruments | (43,858.61) | (43,584.74) | ||
| Profit on sale of investments and investment properties (net) | (259.29) | (1,395.48) | ||
| Profit on sale of property, plant and equipment (net) | (0.24) | (0.06) | ||
| Upfront gain on derecognised (assigned) loans | (606.50) | (706.72) | ||
| Utilisation of shelter assistance reserve | (0.04) | (0.03) | ||
| Operating profit before working capital changes and adjustment for interest received and paid | 553.85 | 0.26 | ||
| (Increase)/decrease in financial and non-financial assets | (1,363.08) | 3,540.06 | ||
| Increase/(decrease) in financial and non-financial liabilities | 719.14 | (3,014.87) | ||
| Cash from/(used in) operations before adjustments for interest received and paid | (90.09) | 525.45 | ||
| Interest income received including surplus on deployment in liquid instruments | 44,192.26 | 43,703.69 | ||
| Interest expense paid | (26,450.14) | (29,335.32) | ||
| Taxes paid (net of refunds) | (3,700.19) | (2,039.03) | ||
| Net cash from operations | 13,951.84 | 12,854.79 | ||
| Loans disbursed (at amortised cost) (net) | (72,477.05) | (48,813.18) | ||
| Redemption of mutual funds units (net) | 14,115.44 | 7,521.10 | ||
| Net cash used in operating activities | A | (44,409.77) | (28,437.29) | |
| B | CASH FLOW FROM INVESTING ACTIVITIES | |||
| Purchase of property, plant and equipment | (115.28) | (63.00) | ||
| Sale proceeds from property, plant and equipment | 0.62 | 0.53 | ||
| Net Cash used for property, plant and equipment | (114.66) | (62.47) | ||
| Purchase of investment properties | (1,559.54) | (91.27) | ||
| Sale proceeds from investment properties | 180.72 | 57.14 | ||
| Net Cash used for investment properties | (1,378.82) | (34.13) | ||
| Investments | ||||
| - In subsidiary company | (46.44) | (55.00) | ||
| - In associate company | (0.25) | (0.50) | ||
| Other investments: | ||||
| - Purchase of investments | (19,532.68) | (9,572.69) | ||
| - Sale proceeds from investments | 6,290.35 | 1,225.01 | ||
| Sale proceeds from investments in associates | 210.62 | - | ||
| Net cash used in investing activities | B | (14,571.88) | (8,499.78) | |
| C | CASH FLOW FROM FINANCING ACTIVITIES | |||
| Share capital - equity | 1.82 | 14.38 | ||
| Money received against warrants | - | 307.03 | ||
| Securities premium on issuance of equity shares (net) | 1,452.94 | 11,845.95 | ||
| Sale proceeds of investments in subsidiary companies | 236.45 | 1,484.25 | ||
| Proceeds from issuance of debt securities and subordinated liabilities | 1,03,707.00 | 1,05,660.00 | ||
| Repayment of debt securities and subordinated liabilities | (87,935.90) | (99,111.04) | ||
| Borrowings (other than debt securities) and subordinated liabilities (net) | 34,686.09 | 233.79 | ||
| Deposits (net) | 10,851.42 | 17,837.24 | ||
| Payments of lease liability | (70.00) | (63.76) | ||
| Dividend paid - equity shares | (4,152.65) | (3,642.68) | ||
| Net cash from financing activities | C | 58,777.17 | 34,565.16 | |
| Net decrease in cash and cash equivalents | [A+B+C] | (204.48) | (2,371.91) | |
| Add: cash and cash equivalents as at the beginning of the period | 769.97 | 3,141.88 | ||
| Cash and cash equivalents as at the end of the period | 565.49 | 769.97 | ||
| Components of cash and cash equivalents | ||||
| Cash on hand | 0.59 | 0.49 | ||
| In current accounts | 31.53 | 367.87 | ||
| In deposit accounts with original maturity of 3 months or less | 500.03 | 200.23 | ||
| Cheques on hand | 33.34 | 201.38 | ||
| Total | 565.49 | 769.97 |
Note
1. During the year, the Corporation has received Dividend of ` 1,510.99 Crore (Previous year ` 773.97 Crore).
2. Net movement in Borrowings (including Debt Securities), Deposits and Subordinated Liabilities amounting to ` 58,316.10 Crore (Previous year ` 22,263.40 Crore) includes fresh issuance, repayments and effect of changes in foreign exchange rates.
The accompanying notes are an integral part of the standalone financial statements
As per our report of even date attached.
Directors
For S. R. Batliboi & Co. LLP
Chartered Accountants
Firms’ Registration No: 301003E/E300005
For G. M. Kapadia & Co.
Chartered Accountants
Firms’ Registration No: 104767W
Deepak S. Parekh
Chairman
(DIN: 00009078)
U. K. Sinha
(DIN: 00010336)
P. R. Ramesh
(DIN: 01915274)
per Viren Mehta
Partner
Membership No. 048749
Atul Shah
Partner
Membership No. 039569
Keki M. Mistry
Vice Chairman & Chief Executive Officer
(DIN: 00008886)
Ireena Vittal
(DIN: 05195656)
Jalaj Dani
(DIN: 00019080)
Bhaskar Ghosh
(DIN: 06656458)
Rajesh Narain Gupta
(DIN: 00229040)
MUMBAI, May 02, 2022
Renu Sud Karnad
Managing Director
(DIN: 00008064)
V. Srinivasa Rangan
Executive Director & Chief Financial Officer
(DIN: 00030248)
Ajay Agarwal
Company Secretary
(FCS: 9023)
