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CASH AND CASH EQUIVALENTS | 9 Months Ended
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Dec. 31, 2024
Cash and Cash Equivalents [Abstract] |
CASH AND CASH EQUIVALENTS | CASH AND CASH EQUIVALENTS As of December 31, 2024, and March 31, 2024, cash and cash equivalents consisted of the following:
| December 31, 2024 |  | March 31, 2024
Short term deposits in commercial banks | $ | 274,776 |  |  | $ | 127,051 |
Short term deposits in National Bank (Kazakhstan) | 172,561 |  |  | 196,942 |
Securities purchased under reverse repurchase agreements | 51,685 |  |  | 134,961 |
Petty cash in bank vault and on hand | 42,777 |  |  | 22,613 |
Short term deposits on brokerage accounts | 12,156 |  |  | 2,917 |
Short term deposits in stock exchanges | 9,301 |  |  | 47,830 |
Short term deposits in National Bank (Tajikistan) | 8,367 |  |  | — |
Overnight deposits | 4,024 |  |  | 3,557 |
Cash in transit | 2,208 |  |  | 9,633 |
Bank deposits | 275 |  |  | — |
Short term deposits in the Central Depository (Kazakhstan) | 152 |  |  | 42 |
Allowance for cash and cash equivalents | (342) |  |  | (462) |
Total cash and cash equivalents | $ | 577,940 |  |  | $ | 545,084 |
As of December 31, 2024, and March 31, 2024, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of December 31, 2024, and March 31, 2024 are presented below:
| December 31, 2024
| Interest rates and remaining contractual maturity of the agreements
| Average interest rate |  | Up to 30 days |  | Total
Securities purchased under reverse repurchase agreements |  |  |  |  |
Corporate equity | 13.88 | % |  | 38,605 |  |  | 38,605 |
Corporate debt | 8.04 | % |  | 6,421 |  |  | 6,421 |
Non-US sovereign debt | 4.17 | % |  | 2,674 |  |  | $ | 2,674 |
Exchange Traded Notes | 7.76 | % |  | 2,551 |  |  | 2,551 |
US sovereign debt | 3.25 | % |  | 1,434 |  |  | 1,434 |
Total |  |  | $ | 51,685 |  |  | $ | 51,685 |
| March 31, 2024
| Interest rates and remaining contractual maturity of the agreements
| Average interest rate |  | Up to 30 days |  |  | Total
Securities purchased under reverse repurchase agreements |  |  |  |  |  |
Corporate equity | 14.57 | % |  | $ | 96,647 |  |  |  | $ | 96,647 |
US sovereign debt | 4.77 | % |  | 16,885 |  |  |  | 16,885 |
Non-US sovereign debt | 4.45 | % |  | 12,468 |  |  |  | 12,468 |
Corporate debt | 5.31 | % |  | 8,961 |  |  |  | 8,961 |
Total |  |  | $ | 134,961 |  |  |  | $ | 134,961 |
The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of December 31, 2024 and March 31, 2024, was $51,963 and $133,380, respectively. As of December 31, 2024 and March 31, 2024, securities purchased under reverse repurchase agreements included accrued interest in the amount of $18 and $106, with a weighted average maturity of 6 days and 3 days, respectively. All securities reverse repurchase agreement transactions were executed on the KASE.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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