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/(loss) before taxes | 140,480,406 | 37,767,625 | |
| Adjustments for: | |||
| Depreciation and amortisation | 10,738,916 | 8,728,507 | |
| Net (appreciation)/depreciation on investments1 | 17,977,289 | (228,192) | |
| Provision in respect of non-performing and other assets | 88,144,145 | 168,111,998 | |
| General provision for standard assets | 31,871,122 | 2,553,682 | |
| Provision for contingencies & others | 7,402,359 | 22,383,465 | |
| Income from subsidiaries, joint ventures and consolidated entities | (12,730,298) | (10,779,490) | |
| (Profit)/loss on sale of fixed assets | (14,216) | (1,919) | |
| (i) | 283,869,723 | 228,535,676 | |
| Adjustments for: | |||
| (Increase)/decrease in investments | (55,702,939) | 195,917,120 | |
| (Increase)/decrease in advances | (684,540,454) | (906,414,812) | |
| Increase/(decrease) in deposits | 1,180,493,234 | 919,444,626 | |
| (Increase)/decrease in other assets | 8,898,408 | (37,800,079) | |
| Increase/(decrease) in other liabilities and provisions | 61,686,755 | 51,681,004 | |
| (ii) | 510,835,004 | 222,827,859 | |
| Refund/(payment) of direct taxes | (iii) | (10,210,349) | (67,175,650) |
| Net cash flow from/(used in) operating activities (i)+(ii)+(iii) | (A) | 784,494,378 | 384,187,885 |
| Cash flow from/(used in) investing activities | |||
| Redemption/sale from/(investments in) subsidiaries and/or joint ventures (including application money) | - | 11,383,004 | |
| Income from subsidiaries, joint ventures and consolidated entities | 12,730,298 | 10,779,490 | |
| Purchase of fixed assets | (13,674,681) | (8,309,176) | |
| Proceeds from sale of fixed assets | 148,126 | 380,294 | |
| (Purchase)/sale of held-to-maturity securities | (370,277,765) | (252,986,732) | |
| Net cash flow from/(used in) investing activities | (B) | (371,074,022) | (238,753,120) |
| Cash flow from/(used in) financing activities | |||
| Proceeds from issue of share capital (including ESOPs) | 5,493,214 | 3,486,300 | |
| Proceeds from long-term borrowings | 244,134,272 | 144,363,924 | |
| Repayment of long-term borrowings | (412,397,914) | (202,012,943) | |
| Net proceeds/(repayment) of short-term borrowings | 142,777,984 | (118,696,850) | |
| Dividend and dividend tax paid | (6,453,078) | (9,651,299) | |
| Net cash flow from/(used in) financing activities | (C) | (26,445,522) | (182,510,868) |
| Effect of exchange fluctuation on translation reserve | (D) | 1,619,695 | (1,654,845) |
| Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D) | 388,594,529 | (38,730,948) | |
| Cash and cash equivalents at beginning of the year | 802,962,860 | 841,693,808 | |
| Cash and cash equivalents at end of the year | 1,191,557,389 | 802,962,860 |
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
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