v3.26.1
Estimated fair value of financial instruments (Tables)
12 Months Ended
Mar. 31, 2026
Fair Value, by Balance Sheet Grouping
A comparison of the fair value and carrying value of financial instruments is set out below:
 
   
As of March 31, 2025
 
         
Estimated fair value
 
   
Carrying
value
   
Level 1
   
Level 2
   
Level 3
   
Total
 
   
(In millions)
 
Financial Assets:
         
Cash and due from banks, and restricted cash
    Rs. 1,982,929.8       Rs. 1,982,929.8       Rs.       —        Rs.       —        Rs. 1,982,929.8  
Investments held for trading
    625,388.5       340,388.3       250,009.3       34,990.9       625,388.5  
Investments available for sale debt securities
    9,910,174.3       1,435,936.3       8,360,598.8       113,639.2       9,910,174.3  
Securities purchased under agreements to resell
    349,210.7       —        349,210.7       —        349,210.7  
Loans
    28,102,981.8       —        5,801,666.4       22,327,674.8       28,129,341.2  
Accrued interest receivable
    322,788.9       —        322,729.4       59.5       322,788.9  
Separate account assets
    1,016,281.4       873,154.4       143,127.0       —        1,016,281.4  
Other assets
    1,978,448.8       20,404.1       1,950,178.0       2,300.7       1,972,882.8  
Financial Liabilities
:
         
Interest-bearing deposits
    23,994,357.2       —        24,119,101.2       —        24,119,101.2  
Non-interest-bearing
deposits
    3,116,596.7       —        3,116,596.7       —        3,116,596.7  
Securities sold under repurchase agreements
    129,190.0       —        129,190.0       —        129,190.0  
Short-term borrowings
    1,306,013.1       —        1,305,341.6       —        1,305,341.6  
Accrued interest payable
    258,311.8       —        258,311.8       —        258,311.8  
Long-term debt
    5,866,163.2       —        5,936,593.3       —        5,936,593.3  
Accrued expenses and other liabilities
    850,899.0       —        849,510.6       1,388.5       850,899.1  
Separate account liabilities
    1,016,281.4       —        1,016,281.4       —        1,016,281.4  
Liabilities on policies in force(*)
    47,316.6       —        47,316.6       —        47,316.6  
 
   
As of March 31, 2026
 
         
Estimated fair value
             
   
Carrying
value
   
Level 1
   
Level 2
   
Level 3
   
Total
   
Carrying
value
   
Estimated
fair
value
 
   
(In millions)
 
Financial Assets:
             
Cash and due from banks, and restricted cash
    Rs. 2,547,835.1       Rs. 2,547,835.1       Rs.       —        Rs.       —        Rs. 2,547,835.1     US$ 27,153.7     US$ 27,153.7  
Investments held for trading
    848,427.6       388,678.9       409,980.5       49,768.2       848,427.6       9,042.2       9,042.2  
Investments available for sale debt securities
    10,247,500.8       262,623.5       9,871,669.4       113,207.9       10,247,500.8       109,213.5       109,213.5  
Securities purchased under agreements to resell
    421,575.4             421,575.4       —        421,575.4       4,493.0       4,493.0  
Loans
    30,993,886.5       —        6,745,772.2       24,373,002.7       31,118,774.9       330,319.6       331,650.6  
Accrued interest receivable
    328,559.5       —        328,517.2       42.3       328,559.5       3,501.7       3,501.7  
Separate account assets
    1,051,916.1       814,016.6       237,899.5       —        1,051,916.1       11,210.9       11,210.9  
Other assets
    2,190,761.3       25,678.2       2,115,251.8       44,143.6       2,185,073.6       23,348.2       23,287.6  
Financial Liabilities
:
             
Interest-bearing deposits
    27,497,592.2       —        27,657,894.0       —        27,657,894.0       293,057.6       294,766.0  
Non-interest-bearing
deposits
    3,504,125.5       —        3,504,125.5       —        3,504,125.5       37,345.5       37,345.5  
Securities sold under repurchase agreements
    100,000.0       —        100,000.0       —        100,000.0       1,065.8       1,065.8  
Short-term borrowings
    1,349,648.4       —        1,343,990.0       —        1,343,990.0       14,384.0       14,323.7  
Accrued interest payable
    268,164.2       —        268,164.2       —        268,164.2       2,857.9       2,857.9  
Long-term debt
    5,119,434.0       —        5,124,244.2       —        5,124,244.2       54,560.7       54,612.0  
Accrued expenses and other liabilities
    1,334,597.9       —        1,333,035.4       1,562.5       1,334,597.9       14,223.6       14,223.6  
Separate account liabilities
    1,051,916.1       —        1,051,916.1       —        1,051,916.1       11,210.9       11,210.9  
Liabilities on policies in force(*)
    44,441.1       —        44,441.1       —        44,441.1       473.6       473.6  
 
(*)
The liabilities on policies in force includes only the fair value of contracts that are classified as insurance contracts.