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Cash Flow Statement

for the year ended March 31, 2023

in ‘000s
    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