Arohan Financial Services Limited | Annual Report 2021-22

Financials | 209 Annual Report | 2021-2022 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March, 2022 (Contd.) (All amounts in ` lakhs unless otherwise stated) E) Movement of NPAs As at 31 March 2022 As at 31 March 2021 i) Net NPAs to Net Advances (%) 1.37% 3.96% ii) Movement of NPAs (Gross) a) Opening Balance 52,096.33 11,183.84 b) Additions during the year 12,787.34 45,556.27 c) Reductions during the year (46,182.98) (4,643.78) d) Closing balance 18,700.69 52,096.33 iii) Movement of Net NPAs a) Opening Balance 16,975.86 - b) Additions during the year - 15,358.06 c) Reductions during the year (11,459.24) 1,617.80 d) Closing balance 5,516.62 16,975.86 iv) Movement of provisions for NPAs (excluding provisions on standard assets) a) Opening Balance 35,120.47 11,183.84 b) Provisions made during the year 22,331.64 30,198.21 c) Write-off/write-back of excess provision (44,268.04) (6,261.58) d) Closing balance 13,184.07 35,120.47 Note 46: Additional disclosures pursuant to the RBI Master Direction RBI/DNBR/2016-17/45 Master Direction DNBR. PD. 008/03.10.119/2016-17 (Contd.) viii) Additional Disclosures (Contd.) D) Sector-wise NPAs - Percentage of NPAs to total advances in that sector As at 31 March 2022 As at 31 March 2021 Agriculture & allied activities 3.91% 10.25% MSME Nil Nil Corporate borrowers (*) Nil Nil Services 11.42% 45.75% Unsecured personal loans 2.33% 20.76% Auto loans Nil Nil Other personal loans Nil Nil (*) Corporate borrowers are included in the respective sector. F) Overseas Assets (for those with Joint Ventures and Subsidiaries abroad) The Company did not have any overseas assets during the current and previous year. G) Off-balance sheet SPVs sponsored (which are required to be consolidated as per accounting norms) The Company did not sponsor any SPVs during the current and previous year.