v3.25.2
Goodwill and Intangible assets (Tables)
 12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill
The following table represents the changes in the carrying amount of goodwill reported in the consolidated balance sheets for the year ended March 31, 2024 and March 31, 2025:
 
    
As of March 31, 2024
  
    
Retail
Banking
     
Wholesale
Banking
     
Treasury
Services
     
Insurance
Services
     
Others
     
Total
  
    
(In millions)
  
Balance, March 31, 2023
    Rs. 74,937.9      Rs. —       Rs. —       Rs. —       Rs. —       Rs. 74,937.9  
Goodwill on acquisition during the year
      368,079.6        71,617.3        —         959,080.0        229,371.6        1,628,148.5  
Less: Goodwill Derecognised on disposal during the year
      —         —         —         —         73,576.1        73,576.1  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Balance, March 31, 2024
    Rs.  443,017.5      Rs.  71,617.3      Rs.  —       Rs.  959,080.0      Rs.  155,795.5      Rs.  1,629,510.3  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
 
 
   
As of March 31, 2025
  
   
Retail
Banking
    
Wholesale
Banking
    
Treasury
Services
    
Insurance
Services
    
Others
    
Total
    
Total
  
         
(In millions)
        
Balance as at March 31, 2024
   Rs. 443,017.5     Rs. 71,617.3     Rs. —      Rs. 959,080.0     Rs. 155,795.5     Rs. 1,629,510.3     US$ 19,074.2  
Goodwill on acquisition during the year
     —        —        —        —        —        —        —   
Less: Goodwill Derecognised on disposal during the year
     —        —        —        —        —        —        —   
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at March 31, 2025
   Rs.  443,017.5     Rs.  71,617.3     Rs.  —      Rs.  959,080.0     Rs.  155,795.5     Rs.  1,629,510.3     US$  19,074.2  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Intangible Assets, Net
Intangible assets, net, consists of the following:
 
 
  
As of,
 
 
  
March 31, 2024
 
  
March 31, 2025
 
  
March 31, 2025
 
 
  
(Rs. in millions)
 
Brand
    Rs. 742,230.7      Rs. 742,230.7      US$ 8,688.1  
Investment management contract
      369,785.6        369,785.6        4,328.5  
Value of business acquired
      221,738.5        221,738.5        2,595.6  
Distribution network
      50,570.8        50,570.8        592.0  
Customer Relationship
      29,874.9        29,874.9        349.6  
Transferable Development Rights
      3,117.7        3,117.7        36.5  
Intangible Assets
      1,417,318.2        1,417,318.2      US$ 16,590.3  
Less: Accumulated amortization
      21,201.0        46,438.2        543.5  
  
 
 
     
 
 
     
 
 
  
Total intangible assets, net
    Rs.  1,396,117.2      Rs.  1,370,880.0      US$  16,046.8  
  
 
 
     
 
 
     
 
 
  
 
(*)
All the above intangible assets excluding Brand and Investment Management Contract are subject to amortization. Further, intangible assets on the acquisition date included Brand amounting to Rs. 
8,527.5 million (US $ 99.9 million) and Distribution network amounting to Rs. 8,972.4 million (US $ 105.0 million) pertaining to HDFC Credila Financial Services Limited which is classified as held for sale as on date of acquisition. These have been derecognized following the divestment of stake on March 19, 2024.
Future Amortization of Finite Lived Intangible Assets
At March 31, 2025, the expected future amortization of finite-lived intangible assets is as follows:
 
 
  
As of March 31, 2025
 
 
  
(in millions)
 
Fiscal year ending March 31:
  
  
2026
    Rs.  17,983.1      US$ 210.5  
2027
      16,152.7        189.1  
2028
      14,504.0        169.8  
2029
      13,541.9        158.5  
2030
      5,120.9        59.9  
Thereafter
   
176,979.0         2,071.6  
  
 
 
     
 
 
  
Total
    Rs.  244,281.6      US$ 2,859.4