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Long-term debt (Tables)
 12 Months Ended
Mar. 31, 2021
Schedule of Long-term Debt Instruments
The below table presents the balance of long-term debt as of March 31, 2020 and March 31, 2021 and the related contractual rates and maturity dates:
 
   
As of,
  
   
March 31, 2020
    
March 31, 2021
  
   
Maturity /
Call dates
    
Stated interest rates
  
Total
    
Maturity /
Call dates
    
Stated interest rates
  
Total
    
Total
  
   
(In millions)
  
Subordinated debt
                                                
Subordinated debt (other than perpetual debt)
    
2021-2030
     7.56% to 10.20%   Rs. 133,730.8      
2022-2031
     7.35% to 10.20%   Rs. 126,240.0     US$ 1,726.0  
Perpetual debt
     2023-2030     8.84% to 9.70%     84,972.7       2023-2030     8.84% to 9.70%     84,976.1       1,161.8  
Others*
                                                
Variable rate—(1)
     2021-2023     0.80% to 2.87%     59,018.7       2022-2024     0.11% to 1.33%     50,935.8       696.4  
Variable rate—(2)
     2021-2024     7.50% to 8.95%     118,083.8       2022-2025     5.90% to 7.75%     97,418.0       1,331.9  
Fixed rate—(1)
     2021-2030     4.15% to 9.56%     630,712.3       2022-2032     2.80% to 9.56%     815,188.3       11,145.7  
               
 
 
                
 
 
    
 
 
  
Total
               Rs. 1,026,518.3                 Rs. 1,174,758.2     US$ 16,061.8  
               
 
 
                
 
 
    
 
 
  
 
*    Variable rate (1) represent foreign currency debt. Variable rate debt is typically indexed to LIBOR,
T-bill
rates, Marginal cost of funds based lending rates (MCLR), among others.
Maturities of Long-Term Debt Disclosures
The scheduled maturities of long-term debt are set out below:
 
    
As of March 31, 2021
  
    
(In millions)
  
Due in the twelve months ending March 31:
                  
2022
    Rs. 98,617.5      US$ 1,348.3  
2023
      336,114.4        4,595.5  
2024
      210,475.8        2,877.7  
2025
      133,798.1        1,829.3  
2026
      29,748.7        406.7  
Thereafter
      281,027.6        3,842.3  
    
 
 
     
 
 
  
Total (1)
    Rs. 1,089,782.1      US$ 14,899.8  
    
 
 
     
 
 
  
 
(1)  
The  scheduled maturities of long-term debt do not include perpetual bonds of Rs. 84,976.1 million (net of debt issuance cost).
Long-term Debt  
Schedule of Long-term Debt Instruments
Long-term debt as of March 31, 2020 and March 31, 2021 comprised of the following:
 
    
As of March 31,
  
    
2020
     
2021
     
2021
  
    
(In millions)
  
Subordinated debt
    Rs. 218,755.0      Rs. 211,270.0      US$ 2,888.6  
Others*
      808,222.0        964,014.9        13,180.4  
Less: Debt issuance cost
      (458.7 )       (526.7 )       (7.2 ) 
    
 
 
     
 
 
     
 
 
  
Total
    Rs. 1,026,518.3      Rs. 1,174,758.2      US$ 16,061.8  
    
 
 
     
 
 
     
 
 
  
 
*
Includes securities sold under repurchase agreements amounting to Rs. 17,260.0 million with stated interest rate of 5.15% per annum and Rs. 90,200.0 (
US$
 1,233.3 million) with stated interest rate of 4.0
% per annum for the
year
ended March 31, 2020 and March 31, 2021, respectively, under RBI long-term repo operation with a three- year maturity period.