CONSOLIDATED STATEMENTS OF CASH FLOWS ₨ in Millions, $ in Millions |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Mar. 31, 2026
INR (₨)
|
Mar. 31, 2026
USD ($)
|
Mar. 31, 2025
INR (₨)
|
Mar. 31, 2024
INR (₨)
|
|||
| Cash flows from operating activities: | ||||||
| Net income before noncontrolling interest | ₨ 727,096.4 | $ 7,748.9 | ₨ 686,531.3 | ₨ 627,631.9 | ||
| Adjustment to reconcile net income to net cash provided by operating activities | ||||||
| Provision for credit losses | 168,272.2 | 1,793.4 | 181,380.1 | 133,063.1 | ||
| Depreciation and amortization | 41,150.7 | 438.6 | 37,784.1 | 31,147.3 | ||
| Amortization of deferred customer acquisition costs and fees | 52,259.1 | 557.0 | 37,093.8 | 20,848.1 | ||
| Amortization of premium/(discount) on investments | 49,216.8 | 524.5 | 39,220.6 | 22,386.1 | ||
| Amortization of intangible assets | 20,681.6 | 220.4 | 25,237.2 | 21,201.0 | ||
| Allowance on available for sale debt securities | 0.0 | 0.0 | 0.0 | (70.9) | ||
| Deferred tax expense/ (benefit) | (24,426.2) | (260.3) | (15,613.6) | (57,133.2) | ||
| Other gains, net | 12,278.6 | 130.9 | (2,368.1) | (2,165.8) | ||
| Share-based compensation expense | 22,168.7 | 236.3 | 24,633.9 | 20,115.8 | ||
| Net realized (gain)/ loss on sale of available for sale debt securities | (50,331.9) | (536.4) | (6,825.0) | (826.7) | ||
| (Gain)/ loss on disposal of property and equipment, net | (1,880.1) | (20.0) | (224.9) | (748.0) | ||
| Unrealized exchange (gain)/ loss | 46,618.9 | 496.8 | 20,184.6 | 5,554.3 | ||
| Amortization of past service cost | 1,011.3 | 10.8 | ||||
| Net change in: | ||||||
| Investments held for trading | (196,946.9) | (2,099.0) | (163,568.7) | (46,372.8) | ||
| Accrued interest receivable | (5,135.9) | (54.7) | (72,883.7) | (24,104.9) | ||
| Other assets | (434,459.8) | (4,630.3) | (244,897.0) | 77,812.0 | ||
| Accrued interest payable | 8,611.9 | 91.8 | 19,359.0 | 12,951.8 | ||
| Accrued expense and other liabilities | 453,638.2 | 4,834.5 | 166,702.3 | (171,089.9) | ||
| Policyholder's account balances | 228,736.3 | 2,437.8 | 463,871.5 | 352,123.2 | ||
| Net cash provided by operating activities | 1,118,559.9 | 11,921.0 | 1,195,617.4 | 1,022,322.4 | ||
| Cash flows from investing activities: | ||||||
| Term placements, net | 137,204.3 | 1,462.3 | 102,999.7 | (353,054.8) | ||
| Activity in available for sale debt securities: | ||||||
| Purchases | (4,388,554.6) | (46,771.3) | (4,648,957.4) | (4,308,274.6) | ||
| Proceeds from sales | 3,167,213.2 | 33,754.8 | 1,886,002.6 | 2,296,504.0 | ||
| Maturities, prepayments and calls | 669,708.3 | 7,137.5 | 1,272,042.3 | 1,163,732.2 | ||
| Net change in repurchase agreements and reverse repurchase agreements | (101,554.7) | (1,082.3) | (242,383.4) | 519,749.7 | ||
| Proceeds from loans securitized | 66,360.3 | 707.2 | 346,696.1 | 0.0 | ||
| Loans purchased | 0.0 | 0.0 | 0.0 | (116,976.0) | ||
| Repayments on loans purchased | 318.8 | 3.4 | 908.9 | 52,799.6 | ||
| Increase in loans originated, net of principal collections | (3,112,898.7) | (33,175.9) | (2,306,431.8) | (3,104,884.4) | ||
| Additions to property and equipment | (52,783.6) | (562.5) | (66,397.3) | (53,838.0) | ||
| Proceeds from sale or disposal of property and equipment | 4,998.7 | 53.3 | 979.1 | 1,533.9 | ||
| Proceeds from disposals of business | 0.0 | 0.0 | 0.0 | 95,006.7 | ||
| Net cash received on acquisition of HDFC Limited | 0.0 | 0.0 | 0.0 | 54,793.7 | ||
| Activity in equity securities, net | 32,816.9 | 349.7 | (61,515.4) | 80,343.8 | ||
| Net cash used in investing activities | (3,577,171.1) | (38,123.8) | (3,716,056.6) | (3,672,564.2) | ||
| Cash flows from financing activities: | ||||||
| Net increase in deposits | 3,835,342.2 | 40,875.4 | 3,323,247.6 | 3,368,161.6 | ||
| Net increase/(decrease) in short-term borrowings | 17,552.2 | 187.1 | (13,437.3) | 222,250.1 | ||
| Proceeds from issue of shares by a subsidiary to noncontrolling interests | 31,233.1 | 332.9 | 6,006.3 | 3,641.4 | ||
| Purchase of shares from Noncontrolling interests | (1,160.2) | (12.4) | ||||
| Sale of subsidiary stock to non-controlling interests | 98,060.0 | 1,045.1 | ||||
| Proceeds from issuance of long-term debt | 860,672.1 | 9,172.7 | 661,226.3 | 1,155,775.2 | ||
| Repayment of long-term debt | (1,701,295.8) | (18,131.7) | (1,463,100.8) | (1,400,297.9) | ||
| Proceeds from issuance of equity shares for options and warrants exercised | 51,085.1 | 544.4 | 63,465.0 | 84,425.4 | ||
| Payment of dividends | (219,070.2) | (2,334.8) | (158,058.1) | (86,617.1) | ||
| Net cash provided by financing activities | 2,972,418.5 | 31,678.7 | 2,419,349.0 | 3,347,338.7 | ||
| Effect of exchange rate changes on cash and due from banks, and restricted cash | 51,098.0 | 544.6 | (2,011.4) | 1,539.3 | ||
| Net change in cash and due from banks, and restricted cash | 564,905.3 | 6,020.5 | (103,101.6) | 698,636.2 | ||
| Cash and due from banks, and restricted cash, beginning of year | 1,982,929.8 | 21,133.2 | 2,086,031.4 | 1,387,395.2 | ||
| Cash and due from banks, and restricted cash, end of year | 2,547,835.1 | 27,153.7 | 1,982,929.8 | 2,086,031.4 | ||
| Supplementary cash flow information: | ||||||
| Interest paid | 1,850,643.1 | 19,723.4 | 1,803,804.0 | 1,407,747.2 | ||
| Income taxes paid, net of refunds | [1] | 223,557.3 | 2,382.6 | 195,409.7 | 199,753.4 | |
| Non-cash investment activities | ||||||
| Payable for purchase of property and equipment | 7,169.5 | 76.4 | 8,149.7 | 8,613.4 | ||
| Trade date sale receivable of available for sale debt securities | ₨ 965.5 | $ 10.3 | ₨ 1,487.0 | ₨ 3,607.4 | ||
| Operating lease right-of-use assets | Refer to note 29—“Commitments and contingencies—Lease commitments” for more information and balances as of March 31, 2026. | Refer to note 29—“Commitments and contingencies—Lease commitments” for more information and balances as of March 31, 2026. | ||||
| ||||||
| X | ||||||||||
- Definition Allowance for credit loss on investment in debt security measured at fair value. No definition available.
|
| X | ||||||||||
- Definition Net change related to the placements with banks and financial institutions having original maturities for periods > 90 days. No definition available.
|
| X | ||||||||||
- Definition Payment of share from minority shareholders. No definition available.
|
| X | ||||||||||
- Definition Proceeds from payments for equity securities. No definition available.
|
| X | ||||||||||
- Definition Proceeds from sale of subsidiary stock to minority shareholders. No definition available.
|
| X | ||||||||||
- Definition Trade date sale receivable of available for sale investment securities. No definition available.
|
| X | ||||||||||
- Definition The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period for the periodic realization of capitalized fees that were paid to salespeople, distributors, brokers, and agents at the time of the conclusion of the sale. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate change on cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; held in foreign currency; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, before tax, of unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after refund, of cash paid to foreign, federal, state, and local jurisdictions as income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount due from borrowers for interest payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in accrued expenses, and obligations classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The change in other policyholder funds recorded on the balance sheet, which is needed to adjust net income to arrive at net cash flows provided by or used in operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Description of lessee's operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activity, including, but not limited to, discontinued operation. Financing activity includes, but is not limited to, obtaining resource from owner and providing return on, and return of, their investment; borrowing money and repaying amount borrowed, or settling obligation; and obtaining and paying for other resource obtained from creditor on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activity, including, but not limited to, discontinued operation. Investing activity includes, but is not limited to, making and collecting loan, acquiring and disposing of debt and equity instruments, property, plant, and equipment, and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net cash outflow or inflow for other changes, net, in the loan and lease balances held for investment purposes that are not separately disclosed. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both. No definition available.
|
| X | ||||||||||
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The cash outflow for the purchase of loan receivable arising from the financing of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash inflow from maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash flow from the funds lent to and (borrowed from) other financial reporting institutions arising from excess or shortfall in reserve deposited at the Federal Reserve Bank to meet legal requirements. This lending and borrowing is usually contracted on an overnight basis at an agreed rate of interest. Also include cash outflow or inflow from investments purchased under the agreement to resell such investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Aggregate cash proceeds received from a combination of transactions in which noncurrent assets are sold, which may include the sale of a business, an investment in an affiliate (including an equity method investee), property, plant and equipment and intangible assets. Excludes sales of trading, available-for-sale, and held-to-maturity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The cash inflow from the securitization of receivables for loans to consumers. Securitization is the structured process whereby interests in loans and other receivables are packaged, underwritten, and sold in the form of asset-backed securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash inflow from exercise of option under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|