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

31. Depositor Education and Awareness Fund

In accordance with the guidelines issued by the RBI, the Bank is required to transfers the amount to the credit of any account which has not been operated upon for a period of ten years or any deposit or
any amount remaining unclaimed for than ten years to the DEAF. During the period year ended December 31, 2020, December 31, 2019, March 31, 2020, March 31, 2019 and March 31, 2018, no
amount has been transferred to Depositor Education and Awareness Fund.

32. Bancassurance Business

‘The details of fees / brokerage earned in respect of insurance broking undertaken by the Bank are as under:

 

 

 

 

 

Nature of income December 31, 2020] December 31, 2019 ‘March 31, 2020] March 31, 2019] March 31, 2018)
For selling life insurance policies 291 2681 37.57 29.97, 13.28
For selling non-life insurance policies 433 1456, 19.52 9.45 902
Total 26.24 4137 57.09 39.42 22.30

 

 

 

 

 

 

33. Overseas Assets, NPAs and Revenue

‘The Bank does not hold any overseas assets / NPA as at December 31, 2020, as at December 31, 2019, March 31, 2020, as at March 31, 2019 and as at 31 March 2018 and no overseas operations were
undertaken during the period ended December 31, 2020, December 31, 2019 and year ended March 31, 2020, March 31, 2019 and year ended March 31, 2018 hence revenue from overseas operation is
Nil

34, Fraud cases reported

 

 

 

 

 

[Particulars December 31, 2020] December 31, 2019 ‘March 31, 2020] March 31, 2019] March 31, 2018]
No. of fraud cases reported during the period’ year 98 oL 7 a a
[Amount involved in fraud 271 129 357 150 3.60
Provisions created against fraud cases (adjusted for recovery) 1.37 8 098 020 030

 

 

 

 

 

 

35. Penalties levied by the RBI

During the period/ year ended December 31, 2020, December 31, 2019, March 31, 2020, March 31, 2019 and March 31, 2018, no penalty was imposed by RBI on the Bank.

36. Letter of Comfort

‘The Bank has not issued letter of comfort during the period’ year ended December 31, 2020, December 31, 2019 March 31, 2020, March 31, 2019 and 31 March 2018,

37. Investor education and protection fund
There is no amount required to be transferred to Investor Education and Protection Fund by the Bank for the period/ year ended December 31, 2020, December 31, 2019, March 31, 2020, March 31,
2019 and 31 March 2018.

38. Proposed dividend

As per the RBI circular dated April 17, 2020, the Banks shall not make any further dividend pay-outs from profits pertaining to the financial year ended March 31, 2020 until further instruction, with a
view that Banks must conserve capital in an environment of heightened uncertainty caused by COVID-19. The Board of Directors of the Bank has not proposed any final dividend for the year ended
March 31, 2020.

‘As per our report of even date For and on behalf of the Board of Directors
For MSKC & Associates

(Formerly known as R.K. Kumar & Co.)

Chartered Accountants

Firm Registration No: 0015958

‘Tushar Kurani R. Ramachandran —_R. Baskar Babu Jyotin Mehta
Partner Chairman Managing Director and Director
Membership No: 118580 Chief Executive Officer

DIN-01953653 DIN-02303132 DIN-00033518
Place: Navi Mumbai Geeta Krishnan Bhavin Damania
Date: February 08, 2021 Company Secretary Chief Financial Officer

300

 

 
