175 | Annual Report | 2023-2024 Particulars Stage 1 Stage 2 Stage 3 Gross carrying amount as at March 31, 2022 3,47,813.23 48,322.90 18,700.69 Assets originated (*) 4,07,593.98 20,714.72 - Net transfer between stages Transfer to stage 1 792.44 (773.69) (18.75) Transfer to stage 2 (7,541.50) 7,550.97 (9.47) Transfer to stage 3 (22,762.68) (18,271.05) 41,033.73 Assets derecognised or collected (excluding write offs) (2,60,250.99) (24,928.81) (13,636.29) Write - offs (including death cases & settlements) - (5,294.60) (32,348.71) Gross carrying amount as at March 31, 2023 4,65,644.48 27,320.44 13,721.20 Assets originated (*) 5,48,819.92 - - Net transfer between stages Transfer to stage 1 7.84 (6.34) (1.50) Transfer to stage 2 (10,525.71) 10,540.22 (14.51) Transfer to stage 3 (15,023.42) (6,961.52) 21,984.94 Assets derecognised or collected (excluding write offs) (3,25,222.96) (2,671.02) (1,870.45) Write - offs (including death cases & settlements) (339.93) (24,120.33) (22,661.89) Gross carrying amount as at March 31, 2024 6,63,360.22 4,101.46 11,157.78 (*) Assets originated during the year has been presented on net basis i.e. the collections towards fresh loans has been netted off. Reconciliation of loss allowance from beginning to end of reporting period: Reconciliation of loss allowance Stage 1 Stage 2 Stage 3 Loss allowance on March 31, 2022 11,022.15 19,610.67 13,184.07 Increase of provision due to assets originated during the year 4,010.02 8,252.25 - Net transfer between stages Transfer to stage 1 7.77 (309.63) (17.52) Transfer to stage 2 (73.73) 3,012.51 (8.82) Transfer to stage 3 (222.34) (7,281.00) 38,241.56 Assets derecognised or collected (2,595.05) (9,856.47) (12,279.04) Impact of ECL on exposures transferred between stages during the year (7,555.62) 2,938.90 6,026.79 Write - offs (including death cases & settlements) - (5,294.60) (32,348.70) Loss allowance on March 31, 2023 (#) 4,593.20 11,072.63 12,798.34 Increase of provision due to assets originated during the year 3,415.64 - - Net transfer between stages Transfer to stage 1 0.05 (2.18) (1.49) Transfer to stage 2 (65.05) 3,628.04 (14.49) Transfer to stage 3 (92.82) (2,392.28) 21,964.94 Assets derecognised or collected (2,029.29) (923.11) (1,884.38) Impact of ECL on exposures transferred between stages during the year (1,352.45) 14,495.77 956.75 Write - offs (including death cases & settlements) (339.93) (24,120.33) (22,661.89) Loss allowance on March 31, 2024 (#) 4,129.35 1,758.54 11,157.78 (#) If the probability of default increases or decreases by 10 basis point the expected credit loss will increase or decrease by `436.98 lakhs respectively. Similarly, if the loss given default increases or decreases by 100 basis point the expected credit loss will increase or decrease by `73.27 lakhs respectively. Note 41: Financial risk management (Cont'd) b) Credit risk exposure (cont'd) 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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