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v3.22.2

Long-term debt (Tables) | 12 Months Ended
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Mar. 31, 2022
Schedule of Long-term Debt Instruments | The below table presents the balance of long-term debt as of March 31, 2021 and March 31, 2022 and the related contractual rates and maturity dates:
|  | As of |
|  | March 31, 2021 |  |  | March 31, 2022 |
|  | 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) |  |  | 2022-2031 |  |  | 7.35% to 10.20% |  | Rs. | 126,240.0 |  |  |  | 2023-2031 |  |  | 7.35% to 10.20% |  | Rs. | 89,759.4 |  |  | US$ | 1,183.1 |
Perpetual debt—(1) |  |  | 2023-2030 |  |  | 8.84% to 9.70% |  |  | 84,976.1 |  |  |  | 2023-2030 |  |  | 7.55% to 9.70% |  |  | 93,848.2 |  |  |  | 1,237.0 |
Perpetual debt—(2) |  |  | — |  |  | — |  |  | — |  |  |  | 2027 |  |  | 3.70% |  |  | 75,216.3 |  |  |  | 991.4 |
Others* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate—(1) |  |  | 2022-2024 |  |  | 0.11% to 1.33% |  |  | 50,935.8 |  |  |  | 2023-2024 |  |  | 1.40% to 1.80% |  |  | 40,045.9 |  |  |  | 527.8 |
Variable rate—(2) |  |  | 2022-2025 |  |  | 5.90% to 7.75% |  |  | 97,418.0 |  |  |  | 2023-2027 |  |  | 4.40% to 6.90% |  |  | 82,243.1 |  |  |  | 1,083.9 |
Fixed rate |  |  | 2022-2032 |  |  | 2.80% to 9.56% |  |  | 815,188.3 |  |  |  | 2023-2030 |  |  | 2.80% to 9.21% |  |  | 1,173,220.5 |  |  |  | 15,463.6 |
Total |  |  |  |  |  |  |  | Rs. | 1,174,758.2 |  |  |  |  |  |  |  |  | Rs. | 1,554,333.4 |  |  | US$ | 20,486.8 |
* | Variable rate—( 1) and Perpetual debt—(2) 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, 2022 |
|  | (In millions) |
Due in the fiscal year ending March 31: |  |  |  |  |  |  |  |
2023 |  | Rs. | 246,509.4 |  |  | US$ | 3,249.1 |
2024 |  |  | 569,939.4 |  |  |  | 7,512.1 |
2025 |  |  | 247,262.4 |  |  |  | 3,259.0 |
2026 |  |  | 38,998.9 |  |  |  | 514.0 |
2027 |  |  | 90,990.6 |  |  |  | 1,199.3 |
Thereafter |  |  | 191,568.2 |  |  |  | 2,525.0 |
Total (1) |  | Rs. | 1,385,268.9 |  |  | US$ | 18,258.5 |
(1) | The scheduled maturities of long-term debt do not include perpetual bonds of Rs. 169,064.5 million (net of debt issuance cost).
Long-term Debt |
Schedule of Long-term Debt Instruments | Long-term debt as of March 31, 2021 and March 31, 2022 was comprised of the following:
|  | As of March 31, |
|  | 2021 |  |  | 2022 |  |  | 2022 |
|  | (In millions) |
Subordinated debt |  | Rs. | 211,270.0 |  |  | Rs. | 259,452.5 |  |  | US$ | 3,419.7 |
Others* |  |  | 964,014.9 |  |  |  | 1,295,854.3 |  |  |  | 17,079.9 |
Less: Debt issuance cost |  |  | (526.7 | ) |  |  | (973.4 | ) |  |  | (12.8 | )
Total |  | Rs. | 1,174,758.2 |  |  | Rs. | 1,554,333.4 |  |  | US$ | 20,486.8 |
* | Includes securities sold under repurchase agreements amounting to Rs. 90,200.0 million with a stated interest rate of 4.0% per annum and Rs. 90,200 m illion (US$ 1,188.9 million) with stated interest rate of 4.0% per annum for the year s ended March 31, 2021 and March 31, 2022, respectively, under RBI long-term repo operation with a three- year maturity period.

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