The following table provides the total amount of transactions, which have been entered into with key management personnel for the relevant financial year:

In addition to transactions with key management personnel, the Group and the Bank entered into transactions with entities having significant influence over the Group and the Bank. The following table shows the outstanding balance and the corresponding transaction during the year.

The above mentioned outstanding balances arose in the normal course of business. For the year ended 30 June 2021, the Group and the Bank have raised expected credit losses for doubtful debts relating to amounts owed by relating parties as per ECL model currently being applied on financial assets. At 30 June 2021, none of the facilities to related parties was non-performing (2020: MUR Nil, 2019: MUR Nil). In addition, for the year ended 30 June 2021 the Bank has not written off any amount owed by related party (2020: MUR Nil, 2019: MUR Nil).

The total on and off balance sheet exposure to the related parties amounted to MUR 1.98 bn (2020: MUR 1.7 bn, 2019: MUR 3.0 bn) representing 7.13% (2020: 5.5%, 2019: 10%) of loan and advances exposure

The related party transactions were carried out under market terms and conditions with the exception of loans to Key Management Personnel who benefited from preferential rates as applicable to staff. The above balances were unsecured