ETHICAL COMPLIANCE REPORT

IDFC FIRST BANK

Sector:

Financial Services

Industry:

Banks - Regional

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Banking
non-compliant
REVENUE RATIO FILTER
100%
View Calculations
DEBT RATIO FILTER
17.2%
View Calculations
LIQUIDITY RATIO FILTER
4.2%
View Calculations

Revenue Ratio

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.

100%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{362568419000.00}{362568419000.00} \times 100 = 100.00\%

FORMULA

\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%

Segment	Compliance	Value
Interest Income	non-compliant	₹30,325.11
Other Income	questionable	₹5,931.73

Debt Ratio

The interest bearing debt should not exceed 31% of the total assets. This is to ensure that the company is not paying a significant portion of its assets as interest.

17.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{509357371000.00}{2962097800000.00} \times 100 = 17.20\%

FORMULA

\textbf{Debt Ratio:} \\[12pt] \dfrac{\text{Interest Bearing Debt}}{\text{Total Assets}} \times 100 \; \leq \; 30\%

Liquidity Ratio

The total liquid assets should not exceed 90% of the total assets. This is to ensure that trading this stock does not become similar to trading a currency.

4.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{124811577000.00}{2962097800000.00} \times 100 = 4.20\%

FORMULA

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{\text{Total Liquid Assets}}{\text{Total Assets}} \times 100 \; \leq \; 90\%