annual-report-FY2021

342 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Related to hospitality segment Rupees crores Particulars 2021 2020 Balance as at beginning of the year ...................................................................................................... 10.47 9.38 Additions during the year....................................................................................................................... — 1.09 Amounts written off during the year. ................................................................................................... (1.46) — Balance as at end of the year ................................................................................................................. 9.01 10.47 In respect of other financial assets, the maximum exposure to credit risk at the end of the reporting period is the carrying amount of each class of financial assets. (c) Credit risk related to financial services business Financial services business has a comprehensive framework for monitoring credit quality of its Retail and other loans based on days past due monitoring. Repayment by individual customers and portfolio is tracked regularly and required steps for recovery is taken through follow ups and legal recourse. The following tables set out information about credit quality of loan assets measured at amortised cost: Retail Loans Rupees crores Particulars 2021 2020 Gross carrying value of Retail and SME loan assets Neither Past due nor impaired. .............................................................................................................. 46,930.44 56,091.97 Past due but not impaired 30 days past due.............................................................................................................................. 7,212.17 4,343.99 31-90 days past due......................................................................................................................... 10,175.33 7,888.40 Impaired (more than 90 days)................................................................................................................. 6,725.02 6,951.00 Total Gross carrying value as at reporting date .................................................................................. 71,042.96 75,275.36 Trade Advances Rupees crores Particulars 2021 2020 Gross carrying amount of trade advances Less than 60 days past due...................................................................................................................... 1113.33 963.83 61-90 days past due. ................................................................................................................................ 22.57 211.50 Impaired (more than 90 days)................................................................................................................. 59.08 64.02 Total Gross carrying value as at reporting date .................................................................................. 1,194.98 1,239.35 Inputs considered in the ECL model In assessing the impairment of loans assets under Expected Credit Loss (ECL) Model, the loan assets have been segmented into three stages. The three stages reflect the general pattern of credit deterioration of a financial instrument. The differences in accounting between stages, relate to the recognition of expected credit losses and the calculation and presentation of interest revenue. The financial services business categorises loan assets into stages based on the days past due status: — Stage 1: 0-30 days past due — Stage 2: 31-90 days past due — Stage 3: More than 90 days past due RBI COVID-19 Regulatory Package In accordance with the Reserve Bank of India (RBI) notification no. RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 dated 27 th March, 2020 and RBI/2019-20/220 DOR.No.BP.BC.63/21.04.048/2020-21 dated 17 th April, 2020 relating to ‘COVID-19 - Regulatory Package’, the financial services subsidiaries, as per their board approved policy and ICAI advisories, has granted moratorium upto three months on the payment of installments falling due between 1 st March, 2020 and 31 st May, 2020 to all eligible borrowers. And in respect of accounts overdue but standard (i.e, stage 1 and stage 2) at 29 th February, 2020 where moratorium benefit has been granted, for the purpose of staging of those accounts and for determination of impairment loss allowance as at 31 st March, 2020, the days past due status as on 29 th March, 2020 has been considered. 33. Financial Instruments (contd.) (b) Trade Receivables (contd.)