{"id":1258,"date":"2025-07-08T05:23:51","date_gmt":"2025-07-08T05:23:51","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar25\/?page_id=1258"},"modified":"2025-07-08T05:25:43","modified_gmt":"2025-07-08T05:25:43","slug":"capital-management-2","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar25\/capital-management-2\/","title":{"rendered":"Capital Management"},"content":{"rendered":"\n<div class=\"row\"  id=\"row-1531615489\">\n\n\n\t<div id=\"col-822710162\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/investors.bajajauto.com\/ar25\/notes-to-consolidated-financial-statements\/\" class=\"button primary is-outline is-small lowercase\"  style=\"border-radius:10px;\">\n\t\t<span>Notes to Consolidated Financial<\/span>\n\t<\/a>\n\n\n\t<div id=\"gap-1004021969\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1004021969 {\n  padding-top: 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{\n\tmin-height:26px;\n}\ntr._idGenTableRowColumn-8 {\n\tmin-height:27px;\n}\ncol._idGenTableRowColumn-9 {\n\twidth:920px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"Con_Notes36_Revised\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-2\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Color_Head\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop20-Main_Head_Color\" lang=\"en-US\">36&#160;&#160;&#160;Capital management<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-19-00Indent_Bold\" lang=\"en-US\">&#160;&#160;&#160;&#160;<br \/>Objectives, policies and processes of capital management<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">For the purpose of the Group\u2019s capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Group\u2019s capital management is to maximise the shareholder value. The Group manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. <\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">The cash surpluses are currently invested in income generating debt instruments (including through mutual funds) and money market instruments depending on economic conditions in line with the guidelines set out by the management. Safety of capital is of prime importance to ensure availability of capital for operations. Investment objective is to provide safety and adequate return on the surplus funds.<\/p>\n\t\t\t<table id=\"table002\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-6\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-6\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Rupees_In_Crore _idGenCellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Rupees_In_Crore _idGenCellOverride-1\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop13-Rupees_In_Crore\" lang=\"en-US\">(<span class=\"plain-Text\">\u20b9<\/span>&#160;In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Thickline-Black--Left- _idGenCellOverride-2\" rowspan=\"2\" colspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-As-at-31-March _idGenCellOverride-4\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-As-at-31-March\" lang=\"en-US\">As at 31 March<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-CY2025 _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Color-\">2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-PY2024 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Black--Right-\">2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-8\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-11\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\" colspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Equity<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 35,188.75 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 28,962.42 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Less:<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Tangible and other assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 4,314.78 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 3,869.82 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Working capital (excluding investments)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 1,960.10 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> (1,642.49)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Investments in subsidiaries\/associate<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 3,688.27 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 4,820.40 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text-Bold-\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text-Bold- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text-Bold-\">Investments in debt and similar investments<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_Total-Lines_-Pop14-GTotal-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 25,225.60 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_Total-Lines_-Pop14-GTotal-Black- _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 21,914.69 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-19-01Indent ParaOverride-1\" lang=\"en-US\">&#160;&#160;&#160;&#160;<br \/>No changes were made in the objectives, policies and processes of capital management during the year.<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-19-00Indent_Bold\" lang=\"en-US\">(i)&#9;Capital Management of Financial Service Business<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">The Company actively manages its capital base to cover risks inherent to its business and meet the capital adequacy requirement of RBI. The adequacy of the Company\u2019s capital is monitored using, among other measures, the regulations issued by RBI. The Company\u2019s objective is to maintain appropriate levels of capital to support its business strategy taking into account the regulatory, economic and commercial environment. <\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">The Company aims to maintain a strong capital base to support the risks inherent to its business and growth strategies. The Company endeavours to maintain a higher capital base than the mandated regulatory capital at all times. The Company\u2019s assessment of capital requirement is aligned to the mandatory regulatory capital and its planned growth which forms part of an annual operating plan which is approved by the Board and also a long range strategy. These growth plans are aligned to assessment of risks- which include credit, liquidity and market. <\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">The Company monitors its capital to risk-weighted assets ratio (CRAR) on a monthly basis through its assets liability management committee (ALCO).<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">The Company endeavours to maintain its CRAR higher than the mandated regulatory norm. Accordingly, increase in capital is planned well in advance to ensure adequate funding for its growth.<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-00Indent\">Further, the Company makes investment in Fixed deposits in banks and in mutual funds during the year. These investments are funded by the Company through its equity share capital.<\/p>\n\t\t\t<p class=\"_Pop14-19-_-Pop14-19-00Indent_Bold\" lang=\"en-US\">(ii)&#160;&#160;&#160;Regulatory capital<\/p>\n\t\t\t<table id=\"table003\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-9\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-6\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-6\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Rupees_In_Crore _idGenCellOverride-1\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop13-Rupees_In_Crore\" lang=\"en-US\">(<span class=\"plain-Text\">\u20b9<\/span>&#160;In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Thickline-Black--Left- _idGenCellOverride-2\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-As-at-31-March CellOverride-1 _idGenCellOverride-4\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-As-at-31-March\" lang=\"en-US\">As at 31 March<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-CY2025 _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Color-\">2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-PY2024 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Thickline-Black--Right-\">2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-11\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Tier I capital<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 2,316.43 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 236.88 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Tier II capital<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 55.44 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 3.10 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Total capital (Tier l + Tier ll)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 2,371.87 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 239.98 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Risk weighted assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\"> 9,994.45 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\"> 1,153.42 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Tier I CRAR<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\">23.18%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\">20.54%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">Tier II CRAR<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\">0.55%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\">0.27%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Text\">CRAR (Tier I + Tier II)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure-Color- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14-Figure-Color-\" lang=\"en-US\">23.73%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _Pop14-_-Pop14-Figure _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_Pop14-_-Pop14--Figure\">20.81%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":744,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1258","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capital Management - Annual Report 2024-25<\/title>\n<meta name=\"robots\" content=\"index, follow, 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