Cash Flow Statement

for the year ended March 31, 2022

₹ in ‘000s

		Year ended 31.03.2022	Year ended 31.03.2021
Cash flow from/(used in) operating activities
Profit/(loss) before taxes		306,088,853	201,827,176
Adjustments for:
Depreciation and amortisation		13,162,116	12,013,384
Net (appreciation)/depreciation on investments¹		19,089,256	(22,143,504)
Provision in respect of non-performing and other assets		61,640,412	107,491,259
General provision for standard assets		4,492,475	2,788,318
Provision for contingencies & others (including Covid-19 related provision)		16,510,217	53,442,673
Employee Stock Options Expense		2,642,190	-
Income from subsidiaries, joint ventures and consolidated entities		(18,287,906)	(12,339,950)
(Profit)/loss on sale of fixed assets		(40,400)	27,974
	(i)	405,297,213	343,107,330
Adjustments for:
(Increase)/decrease in investments		44,311,642	240,666,909
(Increase)/decrease in advances		(1,314,758,223)	(994,947,362)
Increase/(decrease) in deposits		1,320,494,527	1,615,531,659
(Increase)/decrease in other assets		50,727,916	10,773,799
Increase/(decrease) in other liabilities and provisions		81,334,402	50,820,785
	(ii)	182,110,264	922,845,790
Refund/(payment) of direct taxes	(iii)	(36,938,226)	(25,019,557)
Net cash flow from/(used in) operating activities (i)+(ii)+(iii)	(A)	550,469,251	1,240,933,563
Cash flow from/(used in) investing activities
Redemption/sale from/(investments in) subsidiaries and/or joint ventures (including application money)		28,153,800	37,369,338
Income from subsidiaries, joint ventures and consolidated entities		18,287,906	12,339,950
Purchase of fixed assets		(16,109,856)	(14,301,487)
Proceeds from sale of fixed assets		208,665	56,622
(Purchase)/sale of held-to-maturity securities		(380,894,998)	(570,378,440)
Net cash flow from/(used in) investing activities	(B)	(350,354,483)	(534,914,017)
Cash flow from/(used in) financing activities
Proceeds from issue of share capital (including ESOPs)		7,979,764	154,600,321
Proceeds from long-term borrowings		252,601,665	152,089,846
Repayment of long-term borrowings		(233,144,678)	(377,290,832)
Net proceeds/(repayment) of short-term borrowings		135,095,945	(488,752,518)
Dividend and dividend tax paid		(13,852,335)	-
Net cash flow from/(used in) financing activities	(C)	148,680,361	(559,353,183)
Effect of exchange fluctuation on translation reserve	(D)	(1,853,998)	(6,941,251)
Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D)		346,941,131	139,725,112
Cash and cash equivalents at beginning of the year		1,331,282,501	1,191,557,389
Cash and cash equivalents at end of the period/year		1,678,223,632	1,331,282,501

1. For the year ended March 31, 2021, includes gain on sale of a part of equity investment in ICICI Lombard General Insurance Company Limited, ICICI Prudential Life Insurance Company Limited and ICICI Securities Limited.

2. 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 Khimji Kunverji & Co 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

Vishakha Mulye
Executive Director
DIN-00203578

Rakesh Jha
Group Chief Financial Officer

Uday M. Chitale
Director
DIN-00043268

Anup Bagchi
Executive Director
DIN-00105962

Ranganath Athreya
Company Secretary

Sandeep Bakhshi
Managing Director & CEO
DIN-00109206

Sandeep Batra
Executive Director
DIN-03620913

Rajendra Khandelwal
Chief Accountant

Mumbai
April 23, 2022