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Commitments and contingencies (Tables)
12 Months Ended
Mar. 31, 2022
Summary Of Operating Lease Right Of Use Asset And Lease Liability
The Bank is party to operating leases for certain of its office premises and employee residences, with a renewal at the option of the Bank. Operating lease
right-of-use
assets and lease liabilities were as follows:
 
    
As of March 31,
 
    
2021
    
2022
    
2022
 
                      
           
(In millions)
        
Right-of-use
assets
     Rs.    64,548.8        Rs.71,572.2      US$ 943.4  
Lease liabilities
     70,422.0        78,138.0        1,029.9  
Operating Leases of Lessee Disclosure
The total lease expenses were as follows:
 
    
As of March 31,
 
    
2020
    
2021
    
2022
    
2022
 
                             
    
(In millions)
 
The total minimum lease expense during the year recognized in the consolidated statement of income
     Rs.  13,698.7        Rs.  14,244.4        Rs.13,866.6      US$   182.8  
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum lease payments as of March 31, 2022 were as follows:
 
Due in fiscal year ending March 31:
  
Operating leases
 
    
(In millions, except for weighted averages)
 
2023
   Rs.   12,894.8     US$ 170.0  
2024
     11,818.6       155.8  
2025
     11,351.1       149.6  
2026
     11,029.9       145.4  
2027
     10,485.0       138.2  
Thereafter
     54,653.2       720.4  
    
 
 
   
 
 
 
Total lease payments
   Rs. 112,232.6     US$   1,479.4  
Less: imputed interest
     34,094.6       449.5  
    
 
 
   
 
 
 
Total operating lease liabilities
   Rs. 78,138.0     US$   1,029.9  
    
 
 
   
 
 
 
Weighted average remaining lease term (in years)
     9.7       9.7  
Weighted average discount rate
     7.0     7.0
Movement in Provision for Reward Points
The movement in provision for credit card and debit card reward points as of March 31, 2021 and March 31, 2022 is as follows:
 
    
As of March 31,
 
    
2021
    
2022
    
2022
 
                      
    
(In millions)
 
Opening provision of reward points
     Rs.  7,341.5      Rs.   6,387.9      US$       84.2  
Provision made during the year
     3,752.1        4,651.3        61.3  
Utilization/write back of provision
     (4,026.7      (4,137.7      (54.5
Effect of change in rate of accrual of reward points
     (679.0      (542.4      (7.1
    
 
 
    
 
 
    
 
 
 
Closing provision of reward points
     Rs.  6,387.9      Rs.   6,359.1      US$   83.9