for the year ended March 31, 2023
| Year ended 31.03.2023 |
Year ended 31.03.2022 |
||
| Cash flow from/(used in) operating activities | |||
| Profit/(loss) before taxes | 424,212,254 | 306,088,853 | |
| Adjustments for: | |||
| Depreciation and amortisation | 14,551,663 | 13,162,116 | |
| Net (appreciation)/depreciation on investments | 25,947,137 | 19,089,256 | |
| Provision in respect of non-performing and other assets | (6,222,899) | 61,640,412 | |
| General provision for standard assets | 5,795,607 | 4,492,475 | |
| Provision for contingencies & others | 54,087,695 | 16,510,217 | |
| Employee Stock Options Expense | 5,172,383 | 2,642,190 | |
| Income from subsidiaries and consolidated entities | (17,845,592) | (18,287,906) | |
| (Profit)/loss on sale of fixed assets | (534,906) | (40,400) | |
| (i) | 505,163,342 | 405,297,213 | |
| Adjustments for: | |||
| (Increase)/decrease in investments | 118,142,776 | 44,311,642 | |
| (Increase)/decrease in advances | (1,606,959,156) | (1,314,758,223) | |
| Increase/(decrease) in deposits | 1,162,749,545 | 1,320,494,527 | |
| (Increase)/decrease in other assets | (87,974,398) | 50,727,916 | |
| Increase/(decrease) in other liabilities and provisions | 82,944,583 | 81,334,402 | |
| (ii) | (331,096,650) | 182,110,264 | |
| Refund/(payment) of direct taxes | (iii) | (97,163,542) | (36,938,226) |
| Net cash flow from/(used in) operating activities (i)+(ii)+(iii) | (A) | 76,903,150 | 550,469,251 |
| Cash flow from/(used in) investing activities | |||
| Redemption/sale from/(investments in) subsidiaries (including application money) | (5,299,820) | 28,153,800 | |
| Income from subsidiaries, joint ventures and consolidated entities | 17,845,592 | 18,287,906 | |
| Purchase of fixed assets | (20,200,892) | (16,109,856) | |
| Proceeds from sale of fixed assets | 2,815,987 | 208,665 | |
| (Purchase)/sale of held-to-maturity securities | (652,674,032) | (380,894,998) | |
| Net cash flow from/(used in) investing activities | (B) | (657,513,165) | (350,354,483) |
| Cash flow from/(used in) financing activities | |||
| Proceeds from issue of share capital (including ESOPs) | 9,420,691 | 7,979,764 | |
| Proceeds from long-term borrowings | 329,872,556 | 252,601,665 | |
| Repayment of long-term borrowings | (183,073,266) | (233,144,678) | |
| Net proceeds/(repayment) of short-term borrowings | (27,161,726) | 135,095,945 | |
| Dividend paid | (34,794,463) | (13,852,335) | |
| Net cash flow from/(used in) financing activities | (C) | 94,263,792 | 148,680,361 |
| Effect of exchange fluctuation on translation reserve | (D) | 2,505,314 | (1,853,998) |
| Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D) | (483,840,909) | 346,941,131 | |
| Cash and cash equivalents at beginning of the year | 1,678,223,632 | 1,331,282,501 | |
| Cash and cash equivalents at end of the year | 1,194,382,723 | 1,678,223,632 |
1. Cash and cash equivalents include cash in hand, balances with RBI, balances with other banks and money at call and short notice.
As per our Report of even date.
For M S K A & Associates
Chartered Accountants
ICAI Firm Registration no.:105047W
Tushar Kurani
Partner
Membership no.: 118580
For KKC & Associates LLP
Chartered Accountants
ICAI Firm Registration no.:
105146W/W100621
Gautam Shah
Partner
Membership no.: 117348
For and on behalf of the Board of Directors
Girish Chandra Chaturvedi
Chairman
DIN-00110996
Anup Bagchi
Executive Director
DIN-00105962
Anindya Banerjee
Group Chief Financial Officer
Uday M. Chitale
Director
DIN-00043268
Rakesh Jha
Executive Director
DIN-00042075
Prachiti Lalingkar
Company Secretary
Sandeep Bakhshi
Managing Director & CEO
DIN-00109206
Sandeep Batra
Executive Director
DIN-03620913
Rajendra Khandelwal
Chief Accountant
Mumbai
April 22, 2023
