Long-term debt (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Schedule of Long-term Debt Instruments |
The below table presents the balance of long-term debt as of March 31, 2025 and March 31, 2026 and the related contractual rates and maturity dates:
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| Subordinated debt |
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| Subordinated debt (other than perpetual debt) |
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2026-2035 |
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6.67% to 9.70% |
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Rs. |
293,902.2 |
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2027-2036 |
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6.67% to 9.70% |
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Rs. 301,895.6 |
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US$ |
3,217.5 |
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| Perpetual debt — (1) |
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2026-2034 |
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7.55% to 9.40% |
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52,272.7 |
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2027-2035 |
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7.55% to 9.40% |
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52,289.7 |
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557.3 |
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| Perpetual debt — (2) |
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2027 |
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3.70% |
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85,291.5 |
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2027 |
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3.70% |
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94,782.3 |
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1,010.1 |
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| Others (*) |
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| Variable rate — (1) |
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2026-2030 |
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4.92% to 6.22% |
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581,229.3 |
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2027-2030 |
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3.94% to 4.79% |
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502,625.5 |
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5,356.8 |
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| Variable rate — (2) |
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2026-2032 |
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6.47% to 8.60% |
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623,118.6 |
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2027-2033 |
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4.56% to 8.30% |
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458,419.1 |
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4,885.6 |
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| Fixed rate — (1) |
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2026-2034 |
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2.80% to 9.05% |
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3,955,489.6 |
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2027-2034 |
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2.80% to 9.05% |
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3,497,412.7 |
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37,273.9 |
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| Fixed rate — (2) |
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2026-2029 |
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4.30% to 8.19% |
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274,859.3 |
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2027-2029 |
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3.55% to 8.19% |
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212,009.1 |
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2,259.5 |
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| Total |
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Rs. |
5,866,163.2 |
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Rs. 5,119,434.0 |
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US$ |
54,560.7 |
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(*) |
Variable rate — (1), Perpetual debt — (2) and Fixed rate — (2) represent foreign currency debt. Variable rate debt is typically indexed to the secured overnight financing rate, T-bill rates, and Marginal cost of funds based lending rates (“MCLR”), among others. |
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| Maturities of Long-Term Debt Disclosures |
The scheduled maturities of long-term debt are set out below:
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Due in the fiscal year ending March 31: |
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2027 |
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Rs. |
1,215,990.8 |
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US$ |
12,959.5 |
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2028 |
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394,344.9 |
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4,202.8 |
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2029 |
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732,029.5 |
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7,801.7 |
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2030 |
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400,954.5 |
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4,273.2 |
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2031 |
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579,756.5 |
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6,178.8 |
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Thereafter |
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1,649,285.8 |
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17,577.4 |
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Rs. |
4,972,362.0 |
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US$ |
52,993.4 |
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| (1) |
The scheduled maturities of long-term debt do not include perpetual bonds of Rs. 147,072.0 million (net of debt issuance cost). |
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| Long-term Debt |
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| Schedule of Long-term Debt Instruments |
Long-term debt as of March 31, 2025 and March 31, 2026 are comprised of the following:
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| Subordinated debt |
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Rs. |
431,896.9 |
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Rs. 434,254.3 |
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US$ |
4,628.0 |
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| Others |
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5,436,429.4 |
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4,686,148.0 |
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49,943.0 |
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| Debt issuance cost |
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(2,163.1 |
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(968.3 |
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(10.3 |
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| Total |
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Rs. |
5,866,163.2 |
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Rs. 5,119,434.0 |
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US$ |
54,560.7 |
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