 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2019 Nine Months Ended December 31, 2020
Particulars (% million) Percentage of total (% million) Percentage of total

income income
Other income 631.43 10.08% 649.24 9.42%
Total 6,263.58 100.00% 6,892.73 100.00%
Expenditure
Interest expended 2,020.83 32.26% 2,710.72 39.33%
Operating expenses 1,883.72 30.07% 2,316.35 33.61%
Provisions and contingencies 1,092.25 17.44% 1,317.00 19.11%
Total 4,996.80 79.78% 6,344.07 92.04%
Profit
Net profit for the year 1,266.78 20.22% 548.66 7.96%

Income

Total income increased by 10.04% from 2 6,263.58 million in the nine months ended December 31, 2019 to = 6,892.73 million
in the nine months ended December 31, 2020 primarily due to an increase in interest earned due to the reasons discussed below.

Interest Earned

Interest earned increased by 10.85% from 2 5,632.15 million in the nine months ended December 31, 2019 to 2 6,243.49 million
in nine months ended December 31, 2020, primarily due to an increase in interest/ discount on advances/ bills by 5.56% from
% 5,155.48 million in nine months ended December 31, 2019 to = 5,442.14 million in nine months ended December 31, 2020
on account of an increase in advances. Gross Loan Portfolio increased by 8.57% from % 35,998.54 million in the nine months
ended December 31, 2019 to = 39,082.29 million in the nine months ended December 31, 2020 primarily on account of an
increase in inclusive finance loans portfolio by 0.85% from % 27,263.47 million in the nine months ended December 31, 2019
to = 27,495.76 million in the nine months ended December 31, 2020, affordable housing loans by 56.48% from 1,572.25
million in the nine months ended December 31, 2019 to = 2,460.30 million in the nine months ended December 31, 2020 and
increase in the number of Banking Outlets. Income on investments also increased by 54.11% from % 388.25 million in the nine
months ended December 31, 2019 to = 598.34 million in the nine months ended December 31, 2020, as a result of higher surplus
liquidity maintained in SLR and non-SLR securities as part of prudent risk management strategy. Interest on balances with RBI
and other inter-bank funds increased from 2 86.79 million in the nine months ended December 31, 2019 to = 199.53 million in
the nine months ended December 31, 2020, due to increase in lending in inter-bank money market instruments, such as, call/
notice/ term money and reverse repo.

Other Income

Other income increased by 2.82% from % 631.43 million in the nine months ended December 31, 2019 to 2 649.24 million in
the nine months ended December 31, 2020, primarily due to increase in profit on sale of investments (net) and miscellaneous
income.

Commission, exchange and brokerage decreased by 52.36% from 2 363.32 million in the nine months ended December 31,
2019 to 2 173.08 million in the nine months ended December 31, 2020 on account of relatively lower processing fee income as
a result of lower disbursements in the nine months ended December 31, 2020 as compared to nine months ended December 31,
2019. Further, profit on sale of investments (net) increased by 341.94% from % 55.06 million in the nine months ended
December 31, 2019 to = 243.33 million in the nine months ended December 31, 2020 due to relatively higher trading activities
on account of declining Government security yields compared to in the nine months ended December 31, 2019. Miscellaneous
income, primarily comprising of income from sale of PSLC and recovery from written-off accounts, increased by 9.35% from
% 212.93 million in the nine months ended December 31, 2019 to % 232.83 million in the nine months ended December 31,
2020. Income from sale of PSLC increased by 10.15% from = 192.76 million in the nine months ended December 31, 2019 to
% 212.33 million in the nine months ended December 31, 2020.

The components of other income for the nine months ended December 31, 2019 and the nine months ended December 31, 2020
are as follows:

 

 

 

 

 

 

 

 

Nine Months ended December 31,
Particulars 2019 2020
@iillion)

Commission, exchange and brokerage 363.32 173.08
Profit on sale of investments (net) 55.06 243.33
Profit/(Loss) on sale of fixed assets (net) 0.12 :
Miscellaneous income 212.93 232.83
Total 631.43 649.24

 

 

 

 

 

319
