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