v3.25.2
Summary of significant accounting policies (Tables)
 12 Months Ended
Mar. 31, 2025
Schedule of Composite depreciation rate
Property and equipment are stated at cost, less accumulated depreciation. Depreciation is provided over the estimated useful lives of property and equipment on a straight-line basis at the following rates:
 
Type of Asset
   
Rate of depreciation
Premises
    1.67%
Software and systems
    20.00%
Equipment and furniture
   
10.00%-33.33%
Schedule of intangible assets and basis of amortization Indefinite-lived intangible assets are not amortized but are tested for impairment annually, or more frequently, if necessary.
 
Intangible Assets
   
Useful lives (years)
   
Amortization method
Brand
    Indefinite    Not applicable
Investment Management Contract
    Indefinite    Not applicable
Value of Business Acquired (VOBA)
    Life of the underlying contracts    Constant level basis(*)
Distribution Network
    17    Straight line
Customer Relationship
    17    Straight line
Transferable Development Rights
    8    Straight line
 
(
*
)
VOBA is amortized on a constant-level basis that approximates straight-line amortization (Refer note 2
1
)