Commitments and contingencies (Tables)

12 Months Ended

Mar. 31, 2015

The rental expenses and sub-lease income is as follows:

As of March 31,

2013

2014

2015

(In millions)

The total minimum lease expense during the year recognized in the consolidated statement of income

Rs.

7,006.1

Rs.

7,655.7

Rs.

8,974.5

US$

144.0

Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum lease payments as of March 31, 2015 were as follows:


Year ending March 31,	Payments
	(In millions)
2016	Rs.	8,070.8	US$	129.5
2017		7,861.9		126.2
2018		7,220.7		115.9
2019		6,271.6		100.7
2020		5,384.1		86.4
Thereafter		20,219.7		324.5


Total	Rs.	55,028.8	US$	883.2

Movement in Provision for Reward Points

The movement in provision for credit card and debit card reward points as of March 31, 2014 and March 31, 2015 is as follows:.


	As of March 31,
	2014			2015			2015
	(In millions)
Opening provision of reward points	Rs.	1,300.7		Rs.	1,509.1		US$	24.2
Provision made during the year		1,008.9			1,066.8			17.1
Utilization/write back of provision		(577.2	)		(637.6	)		(10.2	)

Effect of change in rate of accrual of reward points		(223.3	)		(408.3	)		(6.6	)
Effect of change in cost of reward points		0			470.7			7.6


Closing provision of reward points	Rs.	1,509.1		Rs.	2,000.7		US$	32.1

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details