 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2020 | As of September 30, 2020 | As of December 31, 2020

Type of Deposit
(& million)

Current Accounts 478.53 464.71 496.68
Savings Accounts 2,926.48 3,020.07 3,957.23
Retail Term Deposits 14,341.59 18,662.07 19,756.78
Bulk Deposits 10,940.73 9,248.88 9,227.71
Total Deposits 28,687.32 31,395.73 33,438.40
Total Borrowings 15,177.41 14,745.20 14,870.79
Grand Total 43,864.73 46,140.93 48,309.19

 

 

We have entered into an arrangement with a payment bank to create fixed deposits for their customers.

Description of Our Business

Overview

We commenced operations as an SFB on January 23, 2017, pursuant to receipt of the RBI Final Approval. Prior to
commencement of operations as an SFB, we operated as an NBFC ~ MFI carrying out microfinance operations. We were
included in the second schedule to the RBI Act as a scheduled bank pursuant to a notification dated July 24, 2017, issued
by the RBI and published in the gazette of India dated September 2, 2017.

Product Portfolio

Our product portfolio includes asset products, largely advanced to customers in unbanked and underbanked segment and
liability products in the form of deposits.

Asset Products

We categorize our asset products into (i) inclusive finance loans, primarily comprising loans to joint liability groups
(“JLGs”); (ii) commercial vehicle loans; (iii) affordable housing loans; (iv) secured business loans (“SBL”); (v) micro
business loans (T-Nagar); (vi) MSME/ SME loans (unsecured); (vii) loans to financial intermediary groups (“FIGs”);
and (viii) other loans.

Categorization is largely determined by customer profile, type of security and end-use.

The table below sets forth the Bank’s Gross Loan Portfolio by product as of the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DnTa = ob Mach oe Piet As of December 31, 2020
z % of % of z z
iy total ey total natn oe) iy gies
Inclusive
Finance 15,441.32 | 89.89% | 24,191.24] 91.44% | 28,147.75| 75.85% | 27,495.76 70.35%
(LGs)
‘Commercial
Vehicle 85.48 | 0.50% | 2,185.14 | 7.36% | 3,705.49 | 9.99% | 3,680.09 9.42%
Loans
‘Affordable
Housing 219.00 | 1.27% | 796.76 | 2.68% | 1,811.84 | 4.88% | 2,460.30 6.30%
Loans
Secured
Business 35156 | 2.05% | 675.34 | 2.27% | 1,06251| 2.86% | 1,420.32 3.63%
Loans
Micro
Business | 63.23 0.37% | 27312 | 0.92% | 428.13 1.15% 386.72 0.99%
Loans (T-
Nagar)
vey 826.32 | 481% | 966.79 | 3.25% | 375.05 1.01% 399.46 1.02%
Financial
Intermediary | 90.80 | 0.53% | 484.43 | 1.63% | 1,004.88 | 2.72% | 1,866.96 4.78%
Group Loans

 

 

 

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