2018 to = 10,003.50 million as of March 31, 2019. This increase was partially offset by decrease in borrowings from other
banks by 97.40% from 2 1,298.94 million as of March 31, 2018 to = 33.78 million as of March 31, 2019 and decrease in
borrowings outside India from % 1,515.00 million as of March 31, 2018 to %350.00 million as of March 31, 2019, primarily
driven by maturity of certain grandfathered borrowings, which refer to the borrowings undertaken prior to conversion as an
SFB.

Other Liabilities and Provisions

Other liabilities and provisions represent bills payable, interest accrued, others (including provisions) and comprising contingent
provisions against standard assets, and other liabilities.

Other liabilities and provisions increased by 142.35% from @ 1,355.57 million as of December 31, 2019 to & 3,285.28 million
as of December 31, 2020, primarily due to an increase in (i) other liabilities (including provisions) by 185.66% from = 996.69
million as of December 31, 2019 to = 2,847.14 million as of December 31, 2020 as a result of increase in contingent provisions
and Bills payable by 139.61% from 2 51.10 million as of December 31, 2019 to = 122.44 million as of December 31, 2020.
This was partially offset by a decrease in interest accrued by 15.89% from % 207.99 million as of December 31, 2019 to 2
174.94 million as of December 31, 2020.

Other liabilities and provisions increased by 13.35% from % 1,631.83 million as of March 31, 2019 to & 1,849.63 million as of
March 31, 2020, primarily due to an increase in (i) other liabilities (including provisions) by 21.33% from = 1,206.13 million
as of March 31, 2019 to 2 1,463.39 million as of March 31, 2020; and (ii) contingent provisions against standard assets by
57.10% from 2 73.75 million as of March 31, 2019 to 115.86 million as of March 31, 2020. This was partially offset by a
decrease in interest accrued by 32.95% from 2 328.51 million as of March 31, 2019 to 2220.28 million as of March 31, 2020.

Other liabilities and provisions increased by 8.70% from % 1,501.25 million as of March 31, 2018 to 21,631.83 million as of
March 31, 2019, primarily due to an increase in interest accrued from % 142.28 million as of March 31, 2018 to 2 328.51 million
as of March 31, 2019 as result of increase in Gross Loan Portfolio. This was offset by a decrease in other liabilities (including
provisions) from 2 1,318.80 million as of March 31, 2018 to 2 1,206.13 million as of March 31, 2019.

LIQUIDITY AND CAPITAL RESOURCES

The purpose of the liquidity management function is to ensure that we have funds available to extend loans to our customers
across our various products, to repay principal and interest on our borrowings and deposits and to fund our working capital
requirements. As of March 31, 2018, 2019 and 2020 and as of December 31, 2019 and 2020, we had cash and cash equivalents
available for use in our operations of 2 1,688.67 million, = 2,654.28 million, = 8,345.48 million, = 1,531.61 million and
%8,327.09 million, respectively.

We manage our liquidity position by raising funds periodically. We regularly monitor our funding levels to ensure we are able
to satisfy the requirements for loan disbursements and maturity of our liabilities. Further, some of the financing arrangements
entered into by us include conditions that require our Bank to obtain respective lenders’ consent prior to carrying out certain
activities and entering into certain transactions. See “Risk Factors - We are required to comply with certain restrictive covenants
under our financing agreements. Any non-compliance may lead to, amongst others, accelerated repayment schedule and
enforcement of security, which may adversely affect our business, results of operations, financial condition and cash flows” on
page 40.

CASH FLOWS

The following table sets forth certain information relating to our cash flows in the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Nine Months ended December 31,
Particulars 2018 2019 2020 2019 2020
(@imillion)

Net cash generated from/
(used in) operating | 4,575.47 | (5,451.90) 5,258.21 2,291.87 (1,525.81)
activities
Net cash generated from/
(used in) investing activities (843.36) (135.71) (1,667.61) (1,700.06) (1,365.88)
Net cash generated from/
(used in) _ financing | (2,852.56) 6,553.22 2,100.60 (1,714.48) 2,873.30
activities
Net increase/ (decrease) in

: 879.55 965.61 5,691.20 (1,122.67) (18.39)
cash and cash equivalents
Cash and cash equivalents 5
as at the beginning of the 809.12 1,688.67 2,654.28 2,654.28 8,345.48

 

 

 

 

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