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Property and equipment

12 Months Ended

Mar. 31, 2018

Property and equipment

13. Property and equipment

Property and equipment by asset category is as follows:

		As of March 31,
		2017				2018				2018
		(In millions)
Land and premises			Rs.16,987.3				Rs.17,992.1			US$	276.4
Software and systems			22,004.6				24,554.4				377.1
Equipment and furniture			60,004.5				64,927.1				997.2
Property and equipment, at cost			98,996.4				107,473.6				1,650.7
Less: Accumulated depreciation			60,027.1				68,505.5				1,052.2
Property and equipment, net			Rs.38,969.3				Rs.38,968.1			US$	598.5

Depreciation and amortization charged for the years ended March 31, 2016, March 31,2017 and March 31, 2018 was Rs. 7,427.5 million, Rs. 8,876.9 million and Rs. 9,678.9 million (US$ 148.7 million), respectively.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

+ Details

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