for the year ended March 31, 2020
| Year ended 31.03.2020 |
Year ended 31.03.2019 |
||
| Cash flow from/(used in) operating activities | |||
| Profit before taxes | 169,294,471 | 59,733,445 | |
| Adjustments for: | |||
| Depreciation and amortisation | 13,696,381 | 10,453,730 | |
| Net (appreciation)/depreciation on investments1 | 21,809,159 | 57,889 | |
| Provision in respect of non-performing and other assets | 89,627,398 | 176,113,934 | |
| General provision for standard assets | 34,439,929 | 2,414,407 | |
| Provision for contingencies & others | 7,936,906 | 22,498,491 | |
| (Profit)/loss on sale of fixed assets | (1,450) | 22,012 | |
| Employees stock options grants | 114,130 | 79,246 | |
| (i) | 336,916,924 | 271,373,154 | |
| Adjustments for: | |||
| (Increase)/decrease in investments | (315,313,149) | 33,463,685 | |
| (Increase)/decrease in advances | (692,434,146) | (972,978,394) | |
| Increase/(decrease) in deposits | 1,194,675,249 | 955,208,236 | |
| (Increase)/decrease in other assets | 24,560,834 | (31,691,451) | |
| Increase/(decrease) in other liabilities and provisions | 271,160,685 | 314,897,698 | |
| (ii) | 482,649,473 | 298,899,774 | |
| Refund/(payment) of direct taxes | (iii) | (23,918,931) | (83,562,401) |
| Net cash flow from/(used in) operating activities (i)+(ii)+(iii) | (A) | 795,647,466 | 486,710,527 |
| Cash flow from/(used in) investing activities | |||
| Purchase of fixed assets | (18,734,522) | (11,481,488) | |
| Proceeds from sale of fixed assets | 255,374 | 468,831 | |
| (Purchase)/sale of held to maturity securities | (404,605,131) | (290,459,494) | |
| Net cash flow from/(used in) investing activities | (B) | (423,084,279) | (301,472,151) |
| Cash flow from/(used in) financing activities | |||
| Proceeds from issue of share capital (including ESOPs) | 5,493,213 | 3,486,300 | |
| Proceeds from long-term borrowings | 366,114,451 | 262,388,237 | |
| Repayment of long-term borrowings | (520,006,249) | (304,162,713) | |
| Net proceeds/(repayment) of short-term borrowings | 187,184,210 | (149,997,897) | |
| Dividend and dividend tax paid | (8,863,792) | (11,688,270) | |
| Net cash flow from/(used in) financing activities | (C) | 29,921,833 | (199,974,343) |
| Effect of exchange fluctuation on translation reserve | (D) | 2,135,244 | (1,346,413) |
| Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D) | 404,620,264 | (16,082,380) | |
| Cash and cash equivalents at beginning of the year | 873,908,953 | 889,991,333 | |
| Cash and cash equivalents at end of the year | 1,278,529,217 | 873,908,953 |
As per our Report of even date.
For Walker Chandiok & Co LLP
Chartered Accountants
ICAI Firm Registration no.:
001076N/N500013
Sudhir N. Pillai
Partner
Membership no.:105782
Mumbai
Date: May 9, 2020
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
President
Ajay Mittal
Chief Accountant