| 160 Annual Report | 2023-2024 Financials Note 28: Fees and commission income Year ended 31 March 2024 Year ended 31 March 2023 Income from cross sale business 15,912.22 10,209.69 Insurance commission 973.69 - Total 16,885.91 10,209.69 Note 29: Net gain on derecognition of financial instruments Year ended 31 March 2024 Year ended 31 March 2023 Gain on sale of loan portfolio through assignment 4,132.58 3,586.49 Total 4,132.58 3,586.49 Note 30: Other operating income Year ended 31 March 2024 Year ended 31 March 2023 Other operating income 82.16 52.30 Total 82.16 52.30 Note 31: Other income Year ended 31 March 2024 Year ended 31 March 2023 Interest income on deposits with banks 3,752.10 1,807.90 Miscellaneous income 594.09 346.24 Total 4,346.19 2,154.14 Note 32: Finance costs Year ended 31 March 2024 Year ended 31 March 2023 (Measured at amortised cost) Interest on debt securities 3,791.37 3,339.47 Interest on borrowings (other than debt securities) 48,144.32 34,750.83 Interest on subordinated liabilities 5,763.59 7,305.37 Interest on leasing arrangements 70.61 59.70 Other interest expenses 1,453.37 1,409.05 Total 59,223.26 46,864.42 Note 33: Impairment on financial instruments Year ended 31 March 2024 On Financial assets measured at fair value through profit & Loss On financial assets measured at amortised cost Total (Measured at amortised cost) Impairment loss allowance on loans - (11,908.10) (11,908.10) Impairment loss allowance on security receipts 4,118.10 - 4,118.10 Impairment loss allowance on trade receivables - (147.44) (147.44) Bad debt written off (net of recoveries) (*) - 25,813.41 25,813.41 Total 4,118.10 13,757.87 17,875.97 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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