‘Suryoday Small Finance Bank Limited
e 22 - Notes forming part of the Restated Summary Statements
(All amounts are in Indian Rupees in million unless otherwise stated)

nexus

 

16, Business ratio

 

 

 

 

 

 

 

 

 

 

Particulars December 34,2020] December 31, 2019] March 34, 2020[ March 31, 2019 March31, 2018
Inverest income a a percentage to working funds! 10.63% 13.09% 17.2386 16.35% 165195
Nominerest income asa percentage wo working funds™™ 11154 1476 197% 2.32% 2.1996
Operating profi as a percentage to working funds 3.18% 5.48% 6.8896 7.51% 417%
Rewur on assets (average) 0.9395 2.94% 2.50% 3.13% 0.5696
Business (deposi pus net advances) per employes (in milion) 1387 Tat 2233 10.76 7.67
Profit per employee™ in milion) 0.12 03 027 027 005
Provision coverage rato®| 39.58% a4 22%4 BA71% 75.00% 8.3395

 

 

 

 

 

 

 

1.Working funds represen the monthly average of total assets computed for reporting dates of Form X submitted to RBI under Section 27 ofthe Banking Regulation Act, 1949.

2, Working funds isthe monthly average of total assets during the previous yea.
53, Operating profit is net profit for the year before provisions and contingencies.
4. "Business" isthe total of net advances and deposits (ne of inter-bank deposit)
5. Productivity ratios are based on average monthly employee numbers.

6. Provision coverage rato include Technical write offs

17. Employee benefits

Employment benefits - Gratuity

‘The Bank has non-contributory defined benefit arrangement providing gratuity benefits expressed in terms of final monthly salary and years of service. Every employee who has completed five years or more of service gets
2 gratlty on cessation of employment at 15 days salary (last drawn basic salary) for each completed year of service, subject to a maximum of & 20 lakhs . The scheme is funded with LIC of India and HDFC Standard Life
Insurance Company Ltd. The following tables summarise the components of net benefit expense recognised in the Profit and Loss Account and the funded status and amounts recognised inthe Balance Sheet.

 

[Expenses recognised in the Profit and Lows Account

December 31, 2020

December 31,2013]

March 31, 2020]

March 31, 2019

March 31, 2018]

 

 

 

  

 

 

 

Garvent service cost 1458 TEN 1657 Tie 7a
Tnerest cost on benefit obligation 2.40) 191 255) 1.84 1235,
[Past Service Cost z 07,
Expected return on plan assets (009) O25) 035] os] (0.65)
Net actuarial (gainy Toss recognized in the period 0.46 427 457 128 5]
[Employer Expenses 1736 7.23 B39 73.69 7.63

 

* Represents expecied returns determined by the actuary

 

 

December 31, 2020]

December 31, 2013]

March 31, 2020]

March 31, 2019]

March 31, 2018]

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

Present value of Defined Benefit Obligation 72.98 53.22 5822, 3810 26.26
Fair value of plan assets 06) 4.76 3.66 6.07 a7
Net liability eecognized in balance sheet 7.92, 8.46 5456 3123 17.54
Less: Unrecognised Past Service Cost z

Liability recognized in balance sheet 7192 a6 5456 32a 1754
[Reconciliation of Defined Benefit Obligation (DBO) December 31, 2020] December 31,2019] March’, 2020] March 31, 2019] March 31, 2019]
Present Value of DBO at start of year 5022 38.10 3a 2627 20169)
Iverest cost 2.40) 191 255) 1a 138
Current service cost 1458 Ts 1657 .08 792
Past Sewvice Cost 5 047
Benefits paid | 255) G70 Gan} 2.60)
Actuarial (gain) los 0.48 46 477 133 (50)
Present Value of DBO at end of period! year 72.98) S322 5822 Ean 2627

 

 

 

 

 

 

 

 

 

 

 

 

 

Recon of Fair Value of Plan Assets December 31,2020] December 31, 2019] March 31, 2020| March 31,2019] March 31, 2019
Fair Value of Plan Assets at ant of year Cy a8 a7 1078
Expected return on plan asets 029) 0.36) O3t 0.66)
[Contributions by the employer = :

Benefits paid 27 1) G70 ean} 265]
Actuarial (1055) gan 0.03 019) 021 0.05 (0.05)
Fair value of plan asses at end of period! year 07 477 3.67 6.38 873
Estimated employer contributions for the next year 1.007 1.00) 056 5.00 5.00
Actual return on plan assets 0.43 oa) 0.00) 056 6

 

 

FThe principal assumptions used
shown below:

 

jons for the Bank's plan are

December 31, 2020

December 31,2013]

March 31, 2020]

March 31, 2019]

March 31, 2018]

 

 

 

 

 

 

 

Discount rate £50%%| 10% 5.500%| 6.70%6| 7.00%6|
Expected rate of return on assets 5.50%%| 6.70% 6.70%6| 7.00% 6.50%4|
Employee turnover 25.00%] 00% 25.00% 25.00% 25.0024
Salary growth rate 7.50%6| 7.50% 7.5006] 7.50%6| 7.5006]
[Morality Rate TALM 2012-14 (Ul))TALM 2012-14 (UK) TALM 2012-14 (Un.) | TALM 2012-14 (Uk) TALM 2006-08ULT,
Expected average remaining working lives of employees 3 Year| ayers a Year| Year| a Year|

 

Percentage break-down of total plan assets

 

Particulars

December 31, 2020]

December 31, 2013]

March 31, 2020]

March 31, 2019

March 31, 2018]

 

 

 

 

 

 

 

 

 

 

 

Insurer Managed Funds (nom unit tinked) 31. 00%e| 16,0006 81,0075 61.0034 5.50%
[Insurer Managed Funds (uit-linked) 63.00%] 14.00% 19.00% 39.00% 44.50%
[Total 700.00%6| 100,00% 700.00%| 70.00% 700.00%|

 

285
