Climate Change Data

Environmental Metrics

ESG Focus Areas

• Social responsibility
• Corporate Governance
• Human Resource Management

Social Achievements

• CSR initiatives focused on healthcare, education, sanitation, and contribution to PM CARES Fund

Governance Achievements

• Established a Risk Management Committee
• Maintained Capital Adequacy Ratio above minimum required level

Climate Goals & Targets

Environmental Challenges

• Rising interest rates
• Reduced cash flow of borrowers due to high inflation
• Increased cost of construction
• Slowdown in new inventory launches
• High inflationary environment affecting loan affordability

Mitigation Strategies

• Constant monitoring of maturity profiles
• Periodic review of liquidity and interest rate risks
• Established credit appraisal system
• Prescribing exposure limits
• Periodic review of loan portfolio
• Strengthening internal control procedures

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Social responsibility
• Corporate Governance
• Business Ethics
• Fraud Risk Management
• Human Resource Management
• Diversity and Inclusion

Social Achievements

• Disbursed ₹ 1275.24 crs. (5052 No. of accounts) during the year. AUM as on March 31, 2024 is ₹ 10,283 crs. (77,460 No. of accounts).
• Allocated ₹ 4,36,48,950 towards various CSR projects such as (i) Providing Medical Equipment & Medical Van to hospital(s) (ii) providing school buses to schools (iii) contributing for construction of amphitheatre to promote special education including promotion of Art & Drama etc.
• Women employee constituted 23.58 % of total employee strength. In terms of new recruits, the share of women employees stood at 31.25 %.

Governance Achievements

• All efforts have been taken by the company to comply with the applicable laws.
• Board & Board Committees have also been provided with sufficient time & required supporting material for detailed deliberations on various matters during the meetings and the company also endeavours to follow the recommendations of Board/ Committee Members.

Climate Goals & Targets

Environmental Challenges

• Rising interest rates
• reduced cash flow of borrowers on account of the high inflation rate
• increasing cost of construction, leading to both a rise in property costs and a slowdown in new inventory launches
• halting of the government’s credit-linked Subsidy Scheme (CLSS)
• increase in unemployment
• increase in cost of borrowing and narrowing of spread

Mitigation Strategies

• constant monitoring of the maturity profiles with a periodical review of the position
• established credit appraisal system in place, prescribing exposure limits, periodic review of the portfolio
• CIBIL checks, field verification, stringent legal and technical due diligence
• robust recovery mechanism supported by best use of SARFAESI Act
• strengthening the internal control procedures and addressing the deficiencies reported by the internal auditors

Supply Chain Management

Supplier Audits: Not Applicable

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Not Applicable