Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31 March	Note	2021 Rs. ’000	2020 Rs. ’000 *Restated
Revenue	8	16,622,791	17,362,985
Interest income	9.1	14,877,242	15,636,833
Interest expense	9.2	7,282,499	8,998,331
Net interest income	9	7,594,743	6,638,502
Fee and commission income	10	406,234	499,996
Other operating income	11	1,339,315	1,226,156
Total operating income		9,340,292	8,364,654
Less: Impairment charges and other credit losses on financial assets	12	1,421,500	1,552,731
Net operating income		7,918,792	6,811,923
Less: Operating expenses
Personnel expenses	13.1	1,402,328	1,651,422
Premises, equipment and establishment expenses	13.2	1,896,625	1,876,438
Other expenses	13.3	530,885	553,031
Total operating expenses	13	3,829,838	4,080,891
Operating profit before taxes on financial services		4,088,954	2,731,032
Less: Taxes on financial services	14	622,001	459,109
Profit before tax		3,466,953	2,271,923
Less: Income tax expense	15	909,999	434,873
Profit for the year		2,556,954	1,837,050
Other comprehensive income
Items that will not be reclassified to profit or loss
Change in deferred tax on revaluation		32,087	–
Equity investments at FVOCI – net change in fair value		68,116	(38,915)
Net actuarial gain/(loss) on defined benefit plan		(74,806)	62,061
Total other comprehensive income		25,397	23,146
Total comprehensive income for the year		2,582,351	1,860,196
Earnings per share
Basic/Diluted earnings per share (Rs.)	16	36.64	26.32

The Notes to the Financial Statements on pages 144 to 248 form an integral part of these Financial Statements.

Figures in brackets indicate deductions.

* Comparative information for the year ended 31 March 2020 have been restated to reflect the effect of amalgamation. (Refer note 3)