Balance Sheet

As at March 31, 2023

` in '000
As at As at
Schedule March 31, 2023 March 31, 2022
Capital and liabilities
Capital 1 5,579,743 5,545,541
Reserves and surplus 2 2,796,410,334 2,395,383,846
Deposits 3 18,833,946,463 15,592,174,400
Borrowings 4 2,067,655,655 1,848,172,073
Other liabilities and provisions 5 957,222,477 844,074,643
Total 24,660,814,672 20,685,350,503
Assets
Cash and balances with Reserve Bank of India 6 1,171,607,706 1,299,956,352
Balances with banks and money at call and short notice 7 766,043,125 223,312,892
Investments 8 5,170,014,280 4,555,356,930
Advances 9 16,005,859,000 13,688,209,314
Fixed assets 10 80,165,410 60,836,735
Other assets 11 1,467,125,151 857,678,280
Total 24,660,814,672 20,685,350,503
Contingent liabilities 12 17,481,303,179 13,954,422,995
Bills for collection 714,395,377 569,680,463
Significant accounting policies and notes to the financial statements 17 & 18
The schedules referred to above form an integral part of the Balance Sheet.

As per our report of even date For and on behalf of the Board

For M M Nissim & Co LLP For Price Waterhouse LLP Atanu Chakraborty Umesh Chandra Sarangi
Chartered Accountants Chartered Accountants Part-time Chairman of the Board Independent Director
ICAI Firm Registration Number: ICAI Firm Registration Number:
107122W/W100672 301112E/E300264 M. D. Ranganath Sandeep Parekh
Independent Director Independent Director
Sanjay Khemani Sharad Vasant
Partner Partner Sanjiv Sachar Lily Vadera
Membership Number: 044577 Membership Number: 101119 Independent Director Independent Director

Sashidhar Jagdishan Renu Karnad

Managing Director & CEO Non-Executive Director

Kaizad Bharucha Srinivasan Vaidyanathan

Executive Director Chief Financial Officer

Santosh Haldankar
Mumbai, April 15, 2023 Company Secretary

226
 Statutory Reports and

Profit and Loss Account

Financial Statements

For the year ended March 31, 2023

` in '000
Year ended Year ended
Schedule March 31, 2023 March 31, 2022
I Income
Interest earned 13 1,615,855,367 1,277,531,191
Other income 14 312,148,251 295,099,004
Total 1,928,003,618 1,572,630,195
II Expenditure
Interest expended 15 747,433,173 557,435,282
Operating expenses 16 476,520,844 374,421,858
Provisions and contingencies [Refer Schedule 18 (22)] 262,962,587 271,159,503
Total 1,486,916,604 1,203,016,643
III Profit
Net profit for the year 441,087,014 369,613,552
Balance in the Profit and Loss account brought forward 931,856,743 736,527,947
Total 1,372,943,757 1,106,141,499
IV Appropriations
Transfer to Statutory Reserve 110,271,754 92,403,388
Transfer to General Reserve 44,108,702 36,961,355
Transfer to Special Reserve 5,000,000 -
Transfer to Capital Reserve 46,127 6,664,722
Transfer to / (from) Investment Reserve Account (net) (2,947,976) 2,331,331
Transfer to / (from) Investment Fluctuation Reserve 820,000 -
Dividend pertaining to previous year paid during the year 86,045,187 35,923,960
Balance carried over to Balance Sheet 1,129,599,963 931,856,743
Total 1,372,943,757 1,106,141,499
V Earnings per equity share (Face value ` 1 per share) ` `
[Refer Schedule 18 (4)]
Basic 79.25 66.80
Diluted 78.89 66.35
Significant accounting policies and notes to the financial statements 17 & 18
The schedules referred to above form an integral part of the Profit and Loss Account.

As per our report of even date For and on behalf of the Board

For M M Nissim & Co LLP For Price Waterhouse LLP Atanu Chakraborty Umesh Chandra Sarangi
Chartered Accountants Chartered Accountants Part-time Chairman of the Board Independent Director
ICAI Firm Registration Number: ICAI Firm Registration Number:
107122W/W100672 301112E/E300264 M. D. Ranganath Sandeep Parekh
Independent Director Independent Director
Sanjay Khemani Sharad Vasant
Partner Partner Sanjiv Sachar Lily Vadera
Membership Number: 044577 Membership Number: 101119 Independent Director Independent Director

Sashidhar Jagdishan Renu Karnad

Managing Director & CEO Non-Executive Director

Kaizad Bharucha Srinivasan Vaidyanathan

Executive Director Chief Financial Officer

Santosh Haldankar
Mumbai, April 15, 2023 Company Secretary

HDFC Bank Limited Integrated Annual Report 2022-23 227

Cash Flow Statement
For the year ended March 31, 2023

` in '000
Year ended Year ended
March 31, 2023 March 31, 2022
Cash flows from operating activities:
Profit before income tax 584,853,016 490,154,792
Adjustments for:
Depreciation on fixed assets 22,424,793 15,998,039
(Profit) / loss on revaluation of investments 5,458,202 (15,463,977)
Amortisation of premium on held to maturity investments 8,511,961 8,213,244
(Profit) / loss on sale of fixed assets (82,875) 33,388
Provision / charge for non performing assets 117,873,839 106,334,842
Provision for standard assets and contingencies 1,322,746 49,569,684
Dividend from subsidiaries (8,109,753) (8,308,954)
Employee Stock Options / Units expense 7,488,973 3,259,696
739,740,902 649,790,754
Adjustments for:
Increase in investments (633,308,892) (121,951,685)
Increase in advances (2,435,526,411) (2,466,388,983)
Increase in deposits 3,241,772,063 2,241,572,192
Increase in other assets (594,093,460) (380,235,846)
Increase in other liabilities and provisions 109,307,200 75,178,971
427,891,402 (2,034,597)
Direct taxes paid (net of refunds) (154,757,324) (140,052,624)
Net cash flows from / (used in) operating activities 273,134,078 (142,087,221)
Cash flows from investing activities:
Purchase of fixed assets (32,804,687) (21,407,866)
Proceeds from sale of fixed assets 406,121 182,956
Dividend from subsidiaries 8,109,753 8,308,954
Net cash flow used in investing activities (24,288,813) (12,915,956)
Cash flows from financing activities:
Proceeds from issue of share capital, net of issue expenses 34,158,331 26,097,614
Proceeds from issue of Tier 1 and Tier 2 capital bonds 230,000,000 81,627,500
Redemption of Tier 1 and Tier 2 capital bonds (114,770,000) (36,500,000)
Increase in other borrowings 97,876,082 446,616,337
Dividend paid during the year (86,045,187) (35,923,960)
Net cash flow from financing activities 161,219,226 481,917,491
Effect of exchange fluctuation on translation reserve 4,317,096 1,650,973
Net increase in cash and cash equivalents 414,381,587 328,565,287
Cash and cash equivalents as at April 1st (Schedule 6 + 7) 1,523,269,244 1,194,703,957
Cash and cash equivalents as at the year end (Schedule 6 + 7) 1,937,650,831 1,523,269,244

As per our report of even date For and on behalf of the Board

For M M Nissim & Co LLP For Price Waterhouse LLP Atanu Chakraborty Umesh Chandra Sarangi
Chartered Accountants Chartered Accountants Part-time Chairman of the Board Independent Director
ICAI Firm Registration Number: ICAI Firm Registration Number:
107122W/W100672 301112E/E300264 M. D. Ranganath Sandeep Parekh
Independent Director Independent Director
Sanjay Khemani Sharad Vasant
Partner Partner Sanjiv Sachar Lily Vadera
Membership Number: 044577 Membership Number: 101119 Independent Director Independent Director

Sashidhar Jagdishan Renu Karnad

Managing Director & CEO Non-Executive Director

Kaizad Bharucha Srinivasan Vaidyanathan

Executive Director Chief Financial Officer

Santosh Haldankar
Mumbai, April 15, 2023 Company Secretary

228