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Consolidated 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   458,300,782 335,675,367
Adjustments for:      
Depreciation and amortisation   16,455,886 14,794,572
Net (appreciation)/depreciation on investments   27,053,455 18,320,870
Provision in respect of non-performing and other assets   (3,653,501) 63,775,215
General provision for standard assets   4,898,941 4,065,438
Provision for contingencies & others   54,236,861 16,513,472
(Profit)/loss on sale of fixed assets   (542,579) (56,635)
Employees stock options expense   5,180,508 2,669,253
  (i) 561,930,353 455,757,552
Adjustments for:      
(Increase)/decrease in investments   (158,286,285) (166,685,392)
(Increase)/decrease in advances   (1,638,931,648) (1,349,047,011)
Increase/(decrease) in deposits   1,194,663,589 1,314,257,752
(Increase)/decrease in other assets   (166,076,201) 46,655,269
Increase/(decrease) in other liabilities and provisions   277,742,529 329,993,864
  (ii) (490,888,016) 175,174,482
Refund/(payment) of direct taxes (iii) (108,754,258) (49,817,733)
Net cash flow from/(used in) operating activities (i)+(ii)+(iii) (A) (37,711,921) 581,114,301
Cash flow from/(used in) investing activities      
Purchase of fixed assets   (24,676,808) (18,599,746)
Proceeds from sale of fixed assets   2,874,176 1,174,397
(Purchase)/sale of held to maturity securities   (658,250,590) (375,789,070)
Net cash flow from/(used in) investing activities (B) (680,053,222) (393,214,419)
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   417,361,966 356,976,668
Repayment of long-term borrowings   (268,917,978) (346,030,278)
Net proceeds/(repayment) of short-term borrowings   124,836,960 169,436,188
Dividend paid   (34,794,463) (13,852,335)
Net cash flow from/(used in) financing activities (C) 247,907,176 174,510,007
Effect of exchange fluctuation on translation reserve (D) 3,163,063 (1,268,443)
Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D)   (466,694,904) 361,141,446
Cash and cash equivalents at beginning of the year   1,831,259,832 1,470,118,386
Cash and cash equivalents at end of the year   1,364,564,928 1,831,259,832

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