Investments in Subsidiaries/Affiliates (Tables)

12 Months Ended

Mar. 31, 2019

Investments in and Advances to Affiliates

The following is a list of investments in affiliates as at March 31, 2019:

Company*

Type of Business

HDFC Bank Limited
and Subsidiaries
Investment

HDFC Bank Limited
and Subsidiaries
Ownership

Total HDFC
Group Ownership

(In millions)

Softcell Technologies Limited (“Softcell”)

Business-to-business
software services

Rs.

30.3

14.0

26.0

*	Computer Age Management Services Private Limited (“CAMS”) is no longer accounted for under the equity method of accounting. The total HDFC Group Ownership in this strategic investment is 12.5% of which HDFC Bank Limited and Subsidiary Ownership is 6.5%.

International Asset Reconstruction Company Private Limited (“IARC”) is no longer accounted for under the equity method of accounting. The total HDFC Bank Limited Ownership in this investment is 19.2%. There are no investments in this company either by the Bank’s subsidiaries or any other group companies.