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Financial instruments (Tables)

12 Months Ended

Mar. 31, 2015

Schedule of Derivative Instruments

The following table presents the aggregate notional principal amounts of the Bank’s outstanding forward exchange and other derivative contracts as of March 31, 2014 and March 31, 2015, together with the fair values on each reporting date.

		As of March 31, 2014
		Notional				Gross Assets				Gross Liabilities				Net Fair Value
		(In millions)
Interest rate derivatives		Rs.	1,772,658.7			Rs.	10,766.4			Rs.	12,240.7			Rs.	(1,474.3	)
Currency options			165,920.4				1,329.4				1,640.4				(311.0	)
Currency swaps			71,041.3				5,055.9				3,326.6				1,729.3
Forward exchange contracts			4,753,861.2				125,327.6				106,968.6				18,359.0
Total		Rs.	6,763,481.6			Rs.	142,479.3			Rs.	124,176.3			Rs.	18,303.0

		As of March 31, 2015
		Notional				Gross Assets				Gross Liabilities				Net Fair Value				Notional				Net Fair Value
		(In millions)
Interest rate derivatives		Rs.	2,210,332.2			Rs.	6,959.2			Rs.	7,289.0			Rs.	(329.8	)		US$	35,473.2			US$	(5.3	)
Forward rate agreements			8,098.5				2.5				2.6				(0.1	)			130.0				0
Currency options			144,827.2				952.5				1,062.1				(109.6	)			2,324.3				(1.8	)
Currency swaps			70,521.8				4,225.2				3,093.3				1,131.9				1,131.8				18.2
Forward exchange contracts			6,740,520.9				60,276.3				60,320.5				(44.2	)			108,177.2				(0.7	)
Total		Rs.	9,174,300.6			Rs.	72,415.7			Rs.	71,767.5			Rs.	648.2			US$	147,236.5			US$	10.4

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table summarizes certain information related to derivative amounts recognized in income:

		Non-interest revenue, net – Derivatives for the years ended March 31,
		2014				2015				2015
		(In millions)
Interest rate derivatives		Rs.	(1,768.7	)		Rs.	(383.4	)		US$	(6.2	)
Forward rate agreements			0				3.0				0
Currency options			250.0				303.0				4.9
Currency swaps			662.6				151.3				2.4
Forward exchange contracts			975.6				(7,466.9	)			(119.7	)
Total gains/(losses)		Rs.	119.5			Rs.	(7,393.0	)		US$	(118.6	)

Amounts Subject to Enforceable Netting Arrangements

As of March 31, 2014

Amounts subject to enforceable netting arrangements

Effects of offsetting on balance sheet

Related amounts not offset

Gross Amounts

Amounts offset

Net amounts reported in the balance sheet

Financial instruments

Financial collateral (1)

Net amount

(In millions)

Financial assets

Derivative assets

Rs.

142,479.3

Rs.

0

Rs.

142,479.3

Rs.

101,787.6

Rs.

9,191.9

Rs.

31,499.8

Securities purchased under agreements to resell

57,322.6

0

57,322.6

0

57,322.6

0

Financial liabilities

Derivative liabilities

Rs.

124,176.3

Rs.

0

Rs.

124,176.3

Rs.

101,787.6

Rs.

305.3

Rs.

22,083.4

(1) Comprised of securities and cash collaterals. These amounts are limited to the asset/ liability balance, and accordingly, do not include excess collateral received/ pledged.

		As of March 31, 2015
		Amounts subject to enforceable netting arrangements
		Effects of offsetting on balance sheet												Related amounts not offset
		Gross Amounts				Amounts offset				Net amounts reported in the balance sheet				Financial instruments				Financial collateral (1)				Net amount				Net amount
		(In millions)
Financial assets
Derivative assets		Rs.	72,415.7			Rs.	0			Rs.	72,415.7			Rs.	53,534.5			Rs.	2,761.7			Rs.	16,119.5			US$	258.7
Securities purchased under agreements to resell			1,592.6				0				1,592.6				0				1,592.6				0				0
Financial liabilities
Derivative liabilities		Rs.	71,767.5			Rs.	0			Rs.	71,767.5			Rs.	53,534.5			Rs.	390.8			Rs.	17,842.2			US$	286.3
Securities sold under repurchase agreements			50,000.0				0				50,000.0				0				50,000.0				0				0

(1) Comprised of securities and cash collaterals. These amounts are limited to the asset/ liability balance, and accordingly, do not include excess collateral received/ pledged.

Amounts Subject to Enforceable Netting Arrangements

As of March 31, 2014

Amounts subject to enforceable netting arrangements

Effects of offsetting on balance sheet

Related amounts not offset

Gross Amounts

Amounts offset

Net amounts reported in the balance sheet

Financial instruments

Financial collateral (1)

Net amount

(In millions)

Financial assets

Derivative assets

Rs.

142,479.3

Rs.

0

Rs.

142,479.3

Rs.

101,787.6

Rs.

9,191.9

Rs.

31,499.8

Securities purchased under agreements to resell

57,322.6

0

57,322.6

0

57,322.6

0

Financial liabilities

Derivative liabilities

Rs.

124,176.3

Rs.

0

Rs.

124,176.3

Rs.

101,787.6

Rs.

305.3

Rs.

22,083.4

(1) Comprised of securities and cash collaterals. These amounts are limited to the asset/ liability balance, and accordingly, do not include excess collateral received/ pledged.

		As of March 31, 2015
		Amounts subject to enforceable netting arrangements
		Effects of offsetting on balance sheet												Related amounts not offset
		Gross Amounts				Amounts offset				Net amounts reported in the balance sheet				Financial instruments				Financial collateral (1)				Net amount				Net amount
		(In millions)
Financial assets
Derivative assets		Rs.	72,415.7			Rs.	0			Rs.	72,415.7			Rs.	53,534.5			Rs.	2,761.7			Rs.	16,119.5			US$	258.7
Securities purchased under agreements to resell			1,592.6				0				1,592.6				0				1,592.6				0				0
Financial liabilities
Derivative liabilities		Rs.	71,767.5			Rs.	0			Rs.	71,767.5			Rs.	53,534.5			Rs.	390.8			Rs.	17,842.2			US$	286.3
Securities sold under repurchase agreements			50,000.0				0				50,000.0				0				50,000.0				0				0

(1) Comprised of securities and cash collaterals. These amounts are limited to the asset/ liability balance, and accordingly, do not include excess collateral received/ pledged.

Schedule of Guarantor Obligations

Details of guarantees and documentary credits outstanding are set out below:

		As of March 31,
		2014				2015				2015
		(In millions)
Nominal values:
Bank guarantees:
Financial guarantees		Rs.	161,259.8			Rs.	160,779.8			US$	2,580.3
Performance guarantees			88,204.3				114,906.3				1,844.1
Documentary credits			192,095.2				279,900.5				4,492.1
Total		Rs.	441,559.3			Rs.	555,586.6			US$	8,916.5
Estimated fair values:
Guarantees		Rs.	(1,301.7	)		Rs.	(1,509.7	)		US$	(24.2	)
Documentary credits			(179.0	)			(249.0	)			(4.0	)
Total		Rs.	(1,480.7	)		Rs.	(1,758.7	)		US$	(28.2	)

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