respectively. Of our Bank’s total deposits as of December 31, 2020, 1.49% was demand deposits and 11.83% were savings
bank deposits and 86.68% were term deposits.

 

 

 

 

 

 

 

 

 

Nine Months ended December 31,
2019 2020
@nillion, except percentages)
i. Deposits 24,913.57 33,438.40
ii, Average Balance of Deposits © 20,448.53 30,348.61
iii, Interest on deposits 1,290.73 1,775.65
8.42%" 7.80%*
iv. Average interest rate ®) (iiv/ii) [6.31%] [5.85%]

 

*Annualized. Figures in square brackets represent unannualized figures

Notes:
(1) Average Balance of Deposits represents sum of quarterly average Demand Deposits, Term Deposits and Savings Bank Deposits.

(2) Represents the ratio of interest on deposits to the Average Balance of Deposits.

 

 

 

 

 

 

 

 

 

 

 

 

Year ended March 31,
2018" 2019 2020
@niillion, except percentages)
i. Deposits 7,495.22 15,934.25 28,487.15
ii, Average Balance of Deposits © 3,143.72 10,285.89 22,011.49)
iii, Interest on deposits 244.27 829.14 1,818.30
iv. Average interest rate © (iivii) 7.77% 8.06% 8.26%

 

Notes:

Mm

Average Balance of Deposits represents sum of quarterly average Demand Deposits, Term Deposits and Savings Bank Deposits.
(2) Represents the ratio of interest on deposits to the Average Balance of Deposits.

Cost of Deposits

As of March 31, 2018, 2019 and 2020 and as of December 31, 2019 and 2020, the average cost (interest expense divided
by the average of balance for the relevant period) of savings bank deposits was 6.33%, 6.68%, 7.03%, 7.04%” and 5.51%",
respectively, and the average cost of term deposits was 7.98%, 8.33%, 8.53%, 8.69% and 8.21%", respectively.
*Annualized

The following tables set forth, for the periods indicated, our Bank’s deposits and the percentage composition by each

category of deposits.

The deposits for the nine months ended December 31, 2019 and 2020, are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months ended December 31,
2019 2020
Amount % of Total Amount % of Total
million, except percentages)
Demand Deposits") 309.74 1.24% 496.68 1.49%
Savings Bank Deposits 2,663.53 10.69% 3,957.23 11.83%
Term Deposits 21,940.30 88.07% 28,984.49 86.68%
Total Deposits 24,913.57 100.00% 33,438.40 100.00%
Notes:
Q Demand deposits do not bear interest and are therefore carried at zero cost.
The deposits for Fiscal 2018, 2019 and 2020, are as follows:
Year ended March 31,
2018 2019 2020
% of % of % of
Amount Total Amount Total Amount Total
@ million, except percentages)
Demand Deposits”) 146.16 1.95% 460.63 2.89% 585.99 2.06%
Savings Bank Deposits 680.53 9.08% 1,331.82 8.36% 2,674.54 9.39%
Term Deposits 6,668.53 88.97% 14,141.80 88.75% 25,226.62 88.55%
Total Deposits 7,495.22 100.00% 15,934.25 100.00% 28,487.15 | 100.00%
Notes:
Q Demand deposits do not bear interest and are therefore carried at zero cost.

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