BALANCE SHEET

Particulars Schedule As at 31 March, 2024 (INR '000) As at 31 March, 2023 (INR '000)
CAPITAL AND LIABILITIES
Capital 1 9,939,604 14,932,783
Employees' Stock Options (Grants) Outstanding 792,938 603,058
Reserves and Surplus 2 1,288,984,358 1,107,608,142
Deposits 3 4,452,687,613 3,612,726,221
Borrowings 4 751,055,062 570,339,234
Policyholders' Funds 733,755,969 579,794,726
Other Liabilities and Provisions 5 439,453,046 318,293,184
Total Capital and Liabilities 7,676,669,590 6,204,297,348
ASSETS
Cash and Balances with Reserve Bank of India 6 362,867,354 199,852,047
Balances with Banks and Money at Call and Sh 7 289,195,520 229,401,424
Investments 8 2,464,457,213 1,953,379,702
Advances 9 4,303,515,813 3,591,074,627
Fixed Assets 10 25,625,078 22,612,045
Other Assets 11 221,530,045 199,839,973
Goodwill on Consolidation 9,477,567 8,137,530
Total Assets 7,676,669,590 6,204,297,348
Contingent Liabilities 12 7,340,573,761 4,676,403,766
Bills for Collection 474,677,060 446,552,442
Significant Accounting Policies and Notes to Ac 17

COMPARATIVE STATEMENT OF BALANCE SHEET

Particulars Schedule As at 31 March, 2024 (INR '000) As at 31 March, 2023 (INR '000) Absolute Change (INR '000) Percentage Change (%)
CAPITAL AND LIABILITIES
Capital 1 9,939,604 14,932,783 -4,993,179 -33.44
Employees' Stock Options (Grants) Outstanding 792,938 603,058 189,880 31.49
Reserves and Surplus 2 1,288,984,358 1,107,608,142 181,376,216 16.38
Deposits 3 4,452,687,613 3,612,726,221 839,961,392 23.25
Borrowings 4 751,055,062 570,339,234 180,715,828 31.69
Policyholders' Funds 733,755,969 579,794,726 153,961,243 26.55
Other Liabilities and Provisions 5 439,453,046 318,293,184 121,159,862 38.07
Total Capital and Liabilities 7,676,669,590 6,204,297,348 1,472,372,242 23.73
ASSETS
Cash and Balances with RBI 6 362,867,354 199,852,047 163,015,307 81.57
Balances with Banks and Money at Call 7 289,195,520 229,401,424 59,794,096 26.07
Investments 8 2,464,457,213 1,953,379,702 511,077,511 26.16
Advances 9 4,303,515,813 3,591,074,627 712,441,186 19.84
Fixed Assets 10 25,625,078 22,612,045 3,013,033 13.32
Other Assets 11 221,530,045 199,839,973 21,690,072 10.85
Goodwill on Consolidation 9,477,567 8,137,530 1,340,037 16.47
Total Assets 7,676,669,590 6,204,297,348 1,472,372,242 23.73

PROFIT AND LOSS ACCOUNT

Particulars Schedule For the year ended 31 March, 2024 (INR For the year ended 31 March, 2023 (INR '000)
I. INCOME
Interest Earned 13 562366323 421510612
Other Income 14 380372782 259909660
Total Income 942739105 681420272
II. EXPENDITURE
Interest Expended 15 225672371 144111322
Operating Expenses 16 458708240 336450287
Provisions and Contingencies (Refer Note 7.A - Schedule 17) 78590241 53054242
Total Expenditure 762970852 533615851
III. PROFIT
Net Profit for the year 179768253 147804421
Add: Share in profit/ (loss) of Associates 2363822 1445675
Consolidated Profit for the year attributable to the Group 182132075 149250096
Add: Balance in Profit and Loss Account brought forward from previous year 635331703 524804324
Total Available for Appropriation 817463778 674054420
IV. APPROPRIATIONS
Transfer to Statutory Reserve 34454000 27348300
Transfer to Special Reserve u/s 45 IC of RBI Act, 1934 2959203 2211161
Transfer to Special Reserve u/s 36(1)(viii) of Income Tax Act, 1961 1250000 1150000
Transfer to Debenture Redemption Reserve 75000 161000
Transfer to Capital Redemption Reserve
Transfer to Capital Reserve 9900
Transfer to/ (from) Investment Reserve Account 8316321
Transfer to Investment Fluctuation Reserve Account 12000000 5253150
Dividend 3366210 2589206
Balance carried over to Balance Sheet 750043044 635331703
Total Appropriations 817463778 674054420
V. EARNINGS PER SHARE (Refer Note 10 - Schedule 17)
Basic (INR) 91.45 74.96
Diluted (INR) 91.45 74.94
Face Value per share (INR) 5 5
Significant Accounting Policies and Notes to Ac 17

COMPARATIVE STATEMENT OF PROFIT AND LOSS

Particulars Schedule For the year ended 31 March, 2024 (INR For the year ended 31 March, 2023 (INR Absolute Change (INR '000) Percentage Change (%)
I. INCOME
Interest Earned 13 562,366,323 421,510,612 140,855,711 33.42
Other Income 14 380,372,782 259,909,660 120,463,122 46.35
Total Income 942,739,105 681,420,272 261,318,833 38.35
II. EXPENDITURE
Interest Expended 15 225,672,371 144,111,322 81,561,049 56.6
Operating Expenses 16 458,708,240 336,450,287 122,257,953 36.34
Provisions and Contingencies 78,590,241 53,054,242 25,535,999 48.13
Total Expenditure 762,970,852 533,615,851 229,355,001 42.98
III. PROFIT
Net Profit for the year 179,768,253 147,804,421 31,963,832 21.63
Share in profit/ (loss) of Associates 2,363,822 1,445,675 918,147 63.51
Consolidated Profit for the year 182,132,075 149,250,096 32,881,979 22.03
Add: Balance brought forward 635,331,703 524,804,324 110,527,379 21.06
Total Available for Appropriation 817,463,778 674,054,420 143,409,358 21.28
IV. APPROPRIATIONS
Transfer to Statutory Reserve 34,454,000 27,348,300 7,105,700 25.98
Transfer to Special Reserve (RBI) 2,959,203 2,211,161 748,042 33.83
Transfer to Special Reserve (IT Act) 1,250,000 1,150,000 100,000 8.7
Transfer to Debenture Redemption Res. 75,000 161,000 -86,000 -53.42
Transfer to Capital Reserve 9,900 -9,900 -100
Transfer to/from Investment Reserve 8,316,321 8,316,321 N/A
Transfer to Investment Fluctuation Res. 12,000,000 5,253,150 6,746,850 128.43
Dividend 3,366,210 2,589,206 777,004 30.01
Balance carried to Balance Sheet 750,043,044 635,331,703 114,711,341 18.06
Total Appropriations 817,463,778 674,054,420 143,409,358 21.28
V. EARNINGS PER SHARE (INR)
Basic (INR) 91.45 74.96 16.49 21.99
Diluted (INR) 91.45 74.94 16.51 22.03
Face Value per share (INR) 5 5 0 0

For the year ended 31 March, 2024 (INR '000) and For the year ended 31 March, 2023 (INR '000)
1.8E+09
1.6E+09
1.4E+09
1.2E+09
Axis Title

1E+09 For the year ended 31 March, 2024 (INR '000)

8E+08
For the year ended 31 March, 2023 (INR '000)

6E+08
4E+08
2E+08
0 I. INCOME Interest Earned Other Income Total Income II. EXPENDITURE Interest Expended Operating Expenses Provisions and Contingencies Total Expenditure III. PROFIT Net Profit for the year Share in profit/ (loss) of Associates Consolidated Profit for the year Add: Balance brought forward Total Available for Appropriation IV. APPROPRIATIONS Transfer to Statutory Reserve Transfer to Special Reserve (RBI) Transfer to Special Reserve (IT Act) Transfer to Debenture Redemption Res. Transfer to Capital Reserve Transfer to/from Investment Reserve Transfer to Investment Fluctuation Res. Dividend Balance carried to Balance Sheet Total Appropriations V. EARNINGS PER SHARE (INR) Basic (INR) Diluted (INR) Face Value per share (INR)

Particulars

RATIO ANALYSIS
Ratio Formula For the year ended 31 March, 2024 For the year ended 31 March, 2023
Profitability Ratios
Net Profit Margin (%) (Net Profit for the year / Total Income) * 100 19.07% 21.69%
Operating Profit Margin (%) (Total Income - Operating Expenses) / Total Income * 100 51.34% 50.63%
Return on Assets (ROA) (%) (Net Profit for the year / Average Total Assets) * 100 2.60% 2.38%
Return on Equity (ROE) (%) (Net Profit for the year / Average Shareholders' Equity) * 13.83% 13.16%
Liquidity Ratios
Cash Reserve Ratio (CRR) (%) (Cash and Balances with RBI / Deposits) * 100 8.15% 5.53%
Liquid Assets to Deposits (%) (Cash + Balances with Banks) / Deposits * 100 14.64% 11.88%
Solvency Ratios
Debt to Equity Ratio Total Borrowings / (Total Equity - Goodwill) 0.58 0.51
Capital Adequacy Ratio (CAR) Proxy (%) (Capital + Reserves) / Total Assets * 100 16.80% 18.29%
Efficiency Ratios
Interest Income to Total Income (%) (Interest Earned / Total Income) * 100 59.65% 61.86%
Interest Expense to Total Expense (%) (Interest Expended / Total Expenditure) * 100 29.58% 27.01%