The Supreme Court in Gajendra Sharma v. Union of India and Another by its interim order dated September 3, 2020 has
directed banks in India that accounts that were not declared NPA till August 31, 2020 shall not be declared NPA till
further orders, pending disposal of the case by Supreme Court. Pursuant to the order, our Bank has not classified any
borrower’s account which has not been declared as NPA as at August 31, 2020 as per the RBI Prudential Norms on
Income Recognition, Asset Classification, Provisioning and Other Related Matters as NPAs after August 31, 2020.
However, if we had classified borrower accounts as NPA after August 31, 2020, our Bank’s gross NPA ratio as on
December 31, 2020 would have been 9.28%, on a proforma basis, of this 8.49% pertains to new proforma GNPA (i.e.,
excluding the pre-COVID GNPA). After considering, the specific NPA provisions and floating provisions, net NPAs
would have been 5.38%, on a proforma basis.

Disbursements

In the nine months ended December 31, 2020, our disbursements were 2 11,597.37 million compared with & 23,133.99
million in the nine months ended December 31, 2019.

The following table sets forth details of our Bank’s disbursements across our product segments for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Particulars Quarter Quarter Quarter Quarter Quarter Quarter
ended ended ended ended ended ended
June 30, September | December | June 30, | September | December
2019 30, 2019 31, 2019 2020 30, 2020 31, 2020
( million)
Inclusive Finance Loans 6,139.27 7,038.07 5,902.22 0.09 2,330.78 5,964.97
Commercial Vehicle Loans 905.92 386.50 469.30 106.25 22.13 224.45
Affordable Housing Loans 223.90 320.50 319.65, 15.33 234.94 450.49
Micro Business Loans (T-Nagar) 95.81 71.24 88.95 z 9.07 49.36
Unsecured MSME/SME 69.30 4.13 se bs “ -
Secured Business Loans 120.67 178.10 148.02 0.81 167.78 251.73
Financial Intermediary Group Loans 102.50 350.00 200.00 % 780.00 650.00
Others* - - - - 77.64 261.55
Total 7,657.37 8,348.54 7,128.14 122.48 3,622.34 7,852.55
Notes:

* Others includes overdrafts and staff loans

Our Bank has introduced overdraft facility (Smile OD accounts) for our inclusive finance customers. The table below sets
out the number of outstanding accounts and balance as of December 31, 2020:

 

 

 

aan Balance outstanding 5
Number of accounts | Limit value Accounts drawn | (Overdraft value) @ Ss ates acne
million) a (Deposit value) million)
ion)
302,918, 2893.46 206,723 966.73 380.89

 

 

 

 

 

 

 

 

Additionally, our Bank has significantly digitized loan disbursement process for inclusive finance customers. As a part
of our digitisation strategy, we have recently tied-up with a financial services entity to offer MSME loans up to = 100,000
digitally.

We have also launched ‘Micro Housing’ finance loans (loans with ticket size of up to = 1 million) mainly targeted at
lower income inclusive finance customers.

Liabilities
Our Bank had a debt to equity ratio of 4.06 as of December 31, 2020.
Deposits

The following table sets forth, as at the dates indicated, deposits by each category of deposits and total borrowings.

152
