primarily due to an increase in investment in government securities to meet SLR requirements and maintain surplus liquidity
maintained in SLR and non-SLR securities as part of risk management. Investment in Government securities increased by
47.05% from % 4,659.50 million as of March 31, 2019 to = 6,851.99 million as of March 31, 2020.

Investments increased by 113.40% from % 3,113.43 million as of March 31, 2018 to 2 6,643.93 million as of March 31, 2019,
primarily due to an increase in investment in government securities to meet SLR requirements and maintain surplus liquidity
maintained in SLR and non-SLR securities as part of risk management. Investment in Government securities increased by
62.46% from %2,868.14 million as of March 31, 2018 to = 4,659.50 million as of March 31, 2019.

Balances with Banks and Money at Call and Short Notice

Balances with banks and money at call and short notice increased by 587.10% from 21,083.18 million as of December 31, 2019
to 2 7,442.57 million as of December 31, 2020. The increase as of December 31, 2020 was primarily driven by an increase in
money at call and short notice with banks which increased from = 630.00 million as of December 31, 2019 to 27,180.00 million
as of December 31, 2020 primarily due to surplus liquidity deployed in inter-bank money market instruments, such as, call/
notice/ term money and reverse repo, including under LAF.

Balances with banks and money at call and short notice increased by 240.73% from % 2,280.58 million as of March 31, 2019
to 27,770.71 million as of March 31, 2020. The increase as of March 31, 2020 was primarily driven by an increase in money at
call and short notice with banks which increased from % 2,029.92 million as of March 31, 2019 to 7,590.00 million as of March
31, 2020 primarily due to surplus liquidity deployed in inter-bank money market instruments, such as, call/ notice/ term money
and reverse repo, including under LAF.

Balances with banks and money at call and short notice increased by 29.33% from 2 1,763.40 million as of March 31, 2018 to
22,280.58 million as of March 31, 2019. The increase as of March 31, 2019 was primarily driven by increase in money at call
and short notice with banks which increased by 69.19% from 2 1,199.82 million as of March 31, 2018 to 22,029.92 million as
of March 31, 2019 primarily due to surplus liquidity deployed in inter-bank money market instruments, such as, call/ notice/
term money.

Other Assets

Other assets primarily include interest accrued, tax paid in advance/ tax deducted at source (net of provision for tax), deferred
tax asset (net), and others.

Other assets increased by 47.44% from % 1,222.09 million as of December 31, 2019 to = 1,801.88 million as of December 31,
2020. The increase was primarily driven by an increase in deferred tax assets (net) by 157.28% from % 231.95 million as of
December 31, 2019 to 596.77 million as of December 31, 2020. Others also increased by 61.18% from % 414.72 million as
of December 31, 2019 to % 668.45 million as of December 31, 2020.

Other assets increased by 21.47% from % 1,218.87 million as of March 31, 2019 to = 1,480.52 million as of March 31, 2020.
The increase as of March 31, 2020 was primarily driven by an increase in interest accrued by 33.49% from % 424.70 million as
of March 31, 2019 to 2 566.95 million as of March 31, 2020 on account of increase in Gross Loan Portfolio. Deferred tax assets
(net) also increased by 78.91% from 2 238.60 million as of March 31, 2019 to 2 426.89 million as of March 31, 2020.

Other assets increased by 120.65% from % 552.40 million as of March 31, 2018 to = 1,218.87 million as of March 31, 2019.
The increase as of March 31, 2019 was primarily driven by an increase interest accrued by 57.10% from % 270.34 million as of
March 31, 2018 to % 424.70 million as of March 31, 2019 on account of increase in Gross Loan Portfolio. Other assets also
increased from = 136.46 million as of March 31, 2018 to = 514.69 million as of March 31, 2019 primarily on account of increase
in input tax credits, security deposits of premises and securitization receivables.

Capital and Liabilities

The table below sets out the principal components of our shareholders’ funds and liabilities as of the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

‘As of March 31, As of December 31
2018 2019 2020 2019 2020
(@milliony

Capital 674.97 815.82 865.94 863.12 891.85
Reserves and surplus 4,709.88 7,987.85 9,796.35 9,890.01 11,017.77
Deposits 7,495.22 15,934.25 26,487.15 24,913.57 33,438.40
Borrowings 7,178.32 11,242.28 12,646.15 8,869.30 14,870.79
ener lepilides tend 1,501.25 1,631.83 1,849.63 1,355.57 3,285.28
provisions
Total 21,559.64 37,612.03 53,645.22 45,891.57 63,504.09

 

 

 

 

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