XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.22.2

Long-term debt | 12 Months Ended
--- | ---
Mar. 31, 2022
Long-term debt | 16. Long-term debt 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.
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.
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).
During the year ended March 31, 2022 the Bank issued subordinated debt amounting to nil (previous period Rs. 3,565.0 million) and perpetual debt amounting to 84,682.5 million (previous period nil). During the year ended March 31, 2022 , the Bank also raised other long-term debt amounting to Rs. 638,226.4 million (previous period Rs. 478,424.2 million). As of March 31, 2021 and March 31, 2022, other long-term debt includes foreign currency borrowings from other banks aggregating to Rs. 51,188.9 million and Rs. 40,170.0 million, respectively, and functional currency borrowings aggregating to Rs. 912,826.0 million and Rs. 1,255,684.3 million, respectively.

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration