XML 69 R57.htm IDEA: XBRL DOCUMENT v3.20.2

Retirement benefits (Tables)

12 Months Ended

Mar. 31, 2020

Schedule of Allocation of Plan Assets

Plan investment assets for gratuity funds and the pension fund measured at fair value by level and in total as of March 31, 2019 and March 31, 2020 are summarized in the table below.

		As of March 31, 2019												As of March 31, 2020
		Level 1				Level 2				Level 3				Level 1				Level 2				Level 3
		(In millions)
Funds managed by insurance company (1)		Rs.	—			Rs.	—			Rs.	625.0			Rs.	—			Rs.	—			Rs.	600.2
Funds managed by insurance company (2)			—				4,632.5				—				—				4,937.3				—
Funds managed by trust
— Government securities			—				106.6				—				—				110.8				—
— Debenture and bonds			—				320.1				—				—				108.7				—
— Others			37.1				—				—				118.0				—				—
Total		Rs.	37.1			Rs.	5,059.2			Rs.	625.0			Rs.	118.0			Rs.	5,156.8			Rs.	600.2
														US$	1.6			US$	68.4			US$	8.0

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets

The table below presents a reconciliation of all Plan investment assets measured at fair value using significant unobservable inputs (Level 3) during fiscal 2019 and 2020.

		Funds managed by Insurance companies as of March 31,
		2019				2020				2020
		(In millions)
Particulars
Opening balance		Rs.	519.9			Rs.	625.0			US$	8.3
Realized interest credited to fund			36.7				48.0				0.6
Contribution during the period			88.6				89.5				1.2
Amount paid towards claim			(20.2	)			(162.3	)			(2.1	)
Closing balance		Rs.	625.0			Rs.	600.2			US$	8.0

Gratuity

Schedule of Defined Benefit Plans Disclosures

The following table sets out the funded status of the gratuity plan and the amounts recognized in the Bank’s financial statements as of March 31, 2019 and March 31, 2020:

		As of March 31,
		2019				2020				2020
		(In millions)
Change in benefit obligations:
Projected benefit obligation (“PBO”), beginning of the period		Rs.	5,975.5			Rs.	6,653.5			US$	88.3
Service cost			820.6				965.4				12.8
Interest cost			476.7				483.3				6.4
Actuarial(gains)/ losses			(46.4	)			368.9				4.9
Benefits paid			(572.9	)			(588.1	)			(7.8	)
Projected benefit obligation, end of the period			6,653.5				7,883.0				104.6
Change in plan assets:
Fair value of plan assets, beginning of the period			4,573.4				5,501.8				73.0
Expected return on plan assets			347.4				389.9				5.2
Actuarial gains/(losses)			130.2				(620.5	)			(8.2	)
Actual return on plan assets			477.6				(230.6	)			(3.0	)
Employer contributions			1,023.7				1,096.7				14.5
Benefits paid			(572.9	)			(588.1	)			(7.8	)
Fair value of plan assets, end of the period			5,501.8				5,779.8				76.7
Funded Status		Rs.	(1,151.7	)		Rs.	(2,103.2	)		US$	(27.9	)

Schedule of Net Benefit Costs

Net gratuity cost for the years ended March 31, 2018, March 31, 2019 and March 31, 2020 was comprised of the following components:

		Fiscal years ended March 31,
		2018				2019				2020				2020
		(In millions)
Service cost		Rs.	741.0			Rs.	820.6			Rs.	965.4			US$	12.8
Interest cost			392.2				476.7				483.3				6.4
Expected return on plan assets			(297.4	)			(347.4	)			(389.9	)			(5.2	)
Actuarial (gains)/losses			85.1				(176.6	)			989.4				13.1
Net gratuity cost*		Rs.	920.9			Rs.	773.3			Rs.	2,048.2			US$	27.1

* Effective April 1, 2018, the Bank adopted ASU 2017-07 Compensation- Retirement Benefits (Topic 715) -Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Accordingly, service cost is reported in the Consolidated Statements of Income in line Non-interest expense-salaries and staff benefits and other components of net benefit cost is reported in the Consolidated Statements of Income in line Non-interest expense –Administrative and other. The amendments have been applied retrospectively.

Schedule of Assumptions Used

The assumptions used in accounting for the gratuity plan are set out below:

		Fiscal years ended March 31,
		2018				2019				2020
		(% per annum)
Discount rate*			7.4-8.0				7.2-8.4				6.0-7.5
Rate of increase in compensation levels of covered employees			5.0-11.0				5.0-9.0				7.0-8.0
Rate of return on plan assets			7.0-8.0				7.0-7.2				6.0-7.0
Mortality rates used are based on the published “Indian Assured Lives Mortality (2012-2014) Ultimate” table

* Weighted average assumptions used to determine both benefit obligations and net periodic benefit cost.

Schedule of Expected Benefit Payments

The following benefit payments, which includes benefits attributable to expected future service, as appropriate, are expected to be paid.

Year ending March 31,		Benefit payments
		(In millions)
2021		Rs.	969.5
2022			784.2
2023			679.2
2024			602.3
2025			538.1
2026 - 2030			2,352.8

Schedule of Allocation of Plan Assets

As at March 31, 2020, the plan assets as a percentage of the total funds were as follows:

		As of March 31, 2020
		Funds managed by insurance company (1)*				Funds managed by insurance company (2)*				Funds managed by trust
Government securities			81.2	%			17.8	%			37.5	%
Debenture and bonds			13.8	%			32.0	%			38.2	%
Equity securities			4.9	%			48.1	%			—
Other			0.1	%			2.1	%			24.3	%
Total			100.0	%			100.0	%			100.0	%

* The data pertaining to plan investment assets measured at fair value by level and total at March 31, 2020 are provided separately.

Pension

Schedule of Defined Benefit Plans Disclosures

The following table sets out the funded status of the pension plan and the amounts recognized in the Bank’s financial statements as of March 31, 2019 and March 31, 2020:

		As of March 31,
		2019				2020				2020
		(In millions)
Change in benefit obligations:
Projected benefit obligation (“PBO”), beginning of the period		Rs.	722.8			Rs.	677.6			US$	9.0
Service cost			7.7				6.5				0.1
Interest cost			66.3				45.3				0.6
Actuarial (gains)/losses			6.5				15.3				0.2
Benefits paid			(125.7	)			(146.5	)			(1.9	)
Projected benefit obligation, end of the period			677.6				598.2				8.0
Change in plan assets:
Fair value of plan assets, beginning of the period			313.0				219.5				2.9
Expected return on plan assets			18.6				11.0				0.1
Actuarial gains/(losses)			4.8				2.9				—
Actual return on plan assets			23.4				13.9				0.1
Employer contributions			8.8				8.3				0.1
Benefits paid			(125.7	)			(146.5	)			(1.9	)
Fair value of plan assets, end of the period			219.5				95.2				1.2
Funded Status		Rs.	(458.1	)		Rs.	(503.0	)		US$	(6.8	)

Schedule of Net Benefit Costs

Net pension cost for the years ended March 31, 2018, March 31, 2019 and March 31, 2020 was comprised of the following components:

		As of March 31,
		2018				2019				2020				2020
		(In millions)
Service cost		Rs.	7.6			Rs.	7.7			Rs.	6.5			US$	0.1
Interest cost			57.9				66.3				45.3				0.6
Expected return on plan assets			(23.6	)			(18.6	)			(11.0	)			(0.1	)
Actuarial (gains)/losses			16.7				1.7				12.4				0.2
Net pension cost*		Rs.	58.6			Rs.	57.1			Rs.	53.2			US$	0.8

* Effective April 1, 2018, the Bank adopted ASU 2017-07 Compensation- Retirement Benefits (Topic 715) -Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Accordingly, service cost is reported in the Consolidated Statements of Income in line Non-interest expense-salaries and staff benefits and other components of net benefit cost is reported in the Consolidated Statements of Income in line Non-interest expense –Administrative and other. The amendments have been applied retrospectively.

Schedule of Assumptions Used

The assumptions used in accounting for the pension plan are set out below:

		Fiscal years ended March 31,
		2018				2019				2020
		(% per annum)
Discount rate*			8.0				8.4				7.5
Rate of increase in compensation levels of covered employees			8.0				8.0				7.0
Rate of return on plan assets			7.0				7.0				7.0
Mortality rates used are based on the published “Indian Assured Lives Mortality (2012-2014) Ultimate” table

* Weighted average assumptions used to determine both benefit obligations and net periodic benefit cost.

Schedule of Expected Benefit Payments

The following benefit payments, which include benefits attributable to expected future service, as appropriate, are expected to be paid.

Year ending March 31,		Benefit payments
		(In millions)
2021		Rs.	46.6
2022			43.7
2023			14.1
2024			21.3
2025			18.1
2026-2030			102.3

Schedule of Allocation of Plan Assets

The weighted-average asset allocation of the said plan assets for the pension benefits as at March 31, 2020 is as follows:

Asset category		Funds managed by trust
Government securities			20.8	%
Debenture and bonds			17.1	%
Other			62.1	%
Total			100.0	%

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(02)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_RetirementPlanTypeAxis=hdb_DomesticPostretirementBenefitPlansOfForeignEntityDefinedBenefitsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RetirementPlanTypeAxis=hdb_DomesticPensionPlansOfForeignEntityDefinedBenefitsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: