XML 50 R41.htm IDEA: XBRL DOCUMENT v3.23.2

Investments (Tables)

12 Months Ended

Mar. 31, 2023

Summary of Allowances for Available for sale debt securities

Allowances for AFS debt securities as of March 31, 2022 are as follows:

		As of March 31, 2022
		Allowance for credit losses, beginning of the period				Write-offs				Addition/ (Deletion) to allowance for credit losses				Allowance for credit losses, end of the period
		(In millions)
Credit substitutes		Rs.	2,915.1			Rs.	—			Rs.	(2,915.1	)		Rs.	—
Other corporate/financial institution bonds			—				—				—				—
Total		Rs.	2,915.1			Rs.	—			Rs.	(2,915.1	)		Rs.	—

Allowances for AFS debt securities as of March 31, 2023 are as follows:

		As of March 31, 2023
		Allowance for credit losses, beginning of the period				Write-offs				Addition/(Deletion) to allowance for credit losses				Allowance for credit losses, end of the period
		(In millions)
Credit substitutes		Rs.	—			Rs.	—			Rs.	70.9			Rs.	70.9
Other corporate/financial institution bonds			—				—				—				—
Total		Rs.	—			Rs.	—			Rs.	70.9			Rs.	70.9
Total		US$	—			US$	—			US$	0.9			US$	0.9

Credit Substitutes

Available for Sale Securities Amortized Cost and Fair Value

The fair value of credit substitutes by type of instrument as of March 31, 2022 and March 31, 2023 were as follows:

		As of March 31,
		2022								2023
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
		(In millions)
Available for sale credit substitute debt securities:
Debentures		Rs.	577,377.0				Rs.581,551.5			Rs.	510,880.4			Rs.	503,187.6
Preference shares			77.1				0.5				281.0				0.2
Commercial paper			1,468.2				1,468.2				—				—
Total		Rs.	578,922.3				Rs.583,020.2			Rs.	511,161.4			Rs.	503,187.8
										US$	6,219.3			US$	6,122.3

Held for Trading

Portfolio of Trading Securities or Held for Trading Securities Amortized Cost Fair Value

The portfolio of trading securities as of March 31, 2022 and March 31, 2023 was as follows:

		As of March 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In millions)
Government of India securities		Rs.	28,159.7			Rs.	57.7			Rs.	21.9			Rs.	28,195.5
Other corporate/financial institution securities			3,635.4				1.9				6.0				3,631.3
Total debt securities		Rs.	31,795.1			Rs.	59.6			Rs.	27.9			Rs.	31,826.8
Other securities (including mutual fund units)			21,933.5				128.2				689.0				21,372.7
Total		Rs.	53,728.6			Rs.	187.8			Rs.	716.9			Rs.	53,199.5

		As of March 31, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In millions)
Government of India securities		Rs.	106,952.3			Rs.	103.6			Rs.	23.2			Rs.	107,032.7
Other corporate/financial institution securities			20,361.5				19.0				2.5				20,378.0
Total debt securities		Rs.	127,313.8			Rs.	122.6			Rs.	25.7			Rs.	127,410.7
Other securities (including mutual fund units)			8,166.4				254.0				—				8,420.4
Total		Rs.	135,480.2			Rs.	376.6			Rs.	25.7			Rs.	135,831.1
Total		US$	1,648.4			US$	4.5			US$	0.3			US$	1,652.6

Available-for-Sale Debt Securities

Available for Sale Securities Amortized Cost and Fair Value

The portfolio of AFS debt securities as of March 31, 2022 and March 31, 2023 was as follows:

		As of March 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In millions)
Government of India securities		Rs.	3,226,917.6			Rs.	10,995.6			Rs.	42,946.3			Rs.	3,194,966.9
State government securities			429,146.8				4,395.9				5,865.9				427,676.8
Government securities outside India			2,279.2				—				3.4				2,275.8
Credit substitutes (see note 7)			578,922.3				5,381.4				1,283.5				583,020.2
Other corporate/financial institution bonds			36,689.5				179.8				163.5				36,705.8
Debt securities, other than asset and mortgage-backed securities			4,273,955.4				20,952.7				50,262.6				4,244,645.5
Mortgage-backed securities			24.2				—				1.3				22.9
Asset-backed securities			142,954.6				1,519.6				579.5				143,894.7
Total		Rs.	4,416,934.2			Rs.	22,472.3			Rs.	50,843.4			Rs.	4,388,563.1
Securities with gross unrealized losses														Rs.	1,791,389.0
Securities with gross unrealized gains															2,597,174.1
														Rs.	4,388,563.1

		As of March 31, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(In millions)
Government of India securities		Rs.	3,860,431.8			Rs.	4,656.4			Rs.	80,344.5			Rs.	3,784,743.7
State government securities			428,980.9				1,322.5				15,604.8				414,698.6
Government securities outside India			819.0				—				21.8				797.2
Credit substitutes (see note 7)			511,161.4				505.4				8,479.0				503,187.8
Other corporate/financial institution bonds			27,521.4				13.4				571.3				26,963.5
Debt securities, other than asset and mortgage-backed securities			4,828,914.5				6,497.7				105,021.4				4,730,390.8
Mortgage-backed securities			19.3				—				1.8				17.5
Asset-backed securities			150,271.9				55.2				1,891.4				148,435.7
Total		Rs.	4,979,205.7			Rs.	6,552.9			Rs.	106,914.6			Rs.	4,878,844.0
Total		US$	60,581.7			US$	79.7			US$	1,300.8			US$	59,360.6
Securities with gross unrealized losses														Rs.	3,220,573.8
Securities with gross unrealized gains															1,658,270.2
														Rs.	4,878,844.0
														US$	59,360.6

Unrealized loss position investments

The below table presents the gross unrealized losses and the associated fair value of AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or 12 months or greater as of March 31, 2022: 

		As of March 31, 2022
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
										(In millions)
Government of India securities		Rs.	447,360.3			Rs.	7,893.5			Rs.	838,788.4			Rs.	35,052.8			Rs.	1,286,148.7			Rs.	42,946.3
State government securities			146,365.0				1,213.6				131,616.3				4,652.3				277,981.3				5,865.9
Government securities outside India			2,275.7				3.4				—				—				2,275.7				3.4
Credit substitutes (see note 7)			118,798.2				972.4				37,138.9				311.1				155,937.1				1,283.5
Other corporate/financial institution bonds			15,823.3				163.5				—				—				15,823.3				163.5
Debt securities, other than asset- and mortgage-backed securities			730,622.5				10,246.4				1,007,543.6				40,016.2				1,738,166.1				50,262.6
Mortgage-backed securities			23.0				1.3				—				—				23.0				1.3
Asset-backed securities			25,557.2				310.6				27,642.7				268.9				53,199.9				579.5
Other securities (including mutual fund units)			—				—				—				—				—				—
Total		Rs.	756,202.7			Rs.	10,558.3			Rs.	1,035,186.3			Rs.	40,285.1			Rs.	1,791,389.0			Rs.	50,843.4

The below table presents the gross unrealized losses and the associated fair value of AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or 12 months or greater as of March 31, 2023:

		As of March 31, 2023
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized   Losses
										(In millions)
Government of India securities		Rs.	1,038,004.8			Rs.	12,622.5			Rs.	1,266,775.4			Rs.	67,722.0			Rs.	2,304,780.2			Rs.	80,344.5
State government securities			75,707.7				1,923.6				270,099.2				13,681.2				345,806.9				15,604.8
Government securities outside India			797.2				21.8				—				—				797.2				21.8
Credit substitutes (see note 7)			254,023.6				3,771.0				152,702.6				4,708.0				406,726.2				8,479.0
Other corporate/financial institution bonds			21,596.9				443.0				4,205.1				128.3				25,802.0				571.3
Debt securities, other than asset- and mortgage-backed securities			1,390,130.2				18,781.9				1,693,782.3				86,239.5				3,083,912.5				105,021.4
Mortgage-backed securities			—				—				17.5				1.8				17.5				1.8
Asset-backed securities			110,545.7				1,077.3				26,098.1				814.1				136,643.8				1,891.4
Other securities (including mutual fund units)			—				—				—				—				—				—
Total		Rs.	1,500,675.9			Rs.	19,859.2			Rs.	1,719,897.9			Rs.	87,055.4			Rs.	3,220,573.8			Rs.	106,914.6
Total		US$	18,258.6			US$	241.6			US$	20,925.9			US$	1,059.2			US$	39,184.5			US$	1,300.8

Debt securities, other than asset and mortgage-backed securities | Available-for-Sale Debt Securities

Investments Classified by Contractual Maturity Date

The contractual residual maturity of AFS debt securities other than asset and mortgage-backed securities as of March 31, 2023 is set out below:

		As of March 31, 2023
		Amortized Cost				Fair Value				Fair Value
		(In millions)
Within one year		Rs.	1,092,231.4			Rs.	1,088,924.4			US$	13,248.8
Over one year through five years			1,398,521.5				1,373,721.5				16,714.0
Over five years through ten years			1,590,115.9				1,545,947.0				18,809.4
Over ten years			748,045.7				721,797.9				8,782.1
Total		Rs.	4,828,914.5			Rs.	4,730,390.8			US$	57,554.3

Asset and Mortgage Backed Securities | Available-for-Sale Debt Securities

Investments Classified by Contractual Maturity Date

The contractual residual maturity of AFS mortgage-backed and asset-backed debt securities as of March 31, 2023 is set out below:

		As of March 31, 2023
		Amortized Cost				Fair Value				Fair Value
		(In millions)
Within one year		Rs.	67,028.7			Rs.	66,150.7			US$	804.9
Over one year through five years			82,694.3				81,730.2				994.4
Over five years through ten years			471.2				474.5				5.8
Over ten years			97.0				97.8				1.2
Total		Rs.	150,291.2			Rs.	148,453.2			US$	1,806.3

Realized Investment Gains Losses Net

Gross realized gains and gross realized losses from sale of AFS debt securities and dividends and interest on such securities are set out below:

		Fiscal year ended March 31,
		2021				2022				2023				2023
		(In millions)
Gross realized gains on sale		Rs.	56,439.4			Rs.	18,604.5			Rs.	259.1			US$	3.2
Gross realized losses on sale			(514.2	)			(1,858.7	)			(979.4	)			(12.0	)
Realized gains/ (losses), net			55,925.2				16,745.8				(720.3	)			(8.8	)
Dividends and interest			226,690.9				240,943.0				304,566.7				3,705.6
Total		Rs.	282,616.1			Rs.	257,688.8			Rs.	303,846.4			US$	3,696.8

X

- Definition

Tabular disclosure of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124269663&loc=SL82922900-210455

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized gains and losses on investments reported in the statement of income.

+ References

No definition available.

+ Details

Name:	us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

+ References

No definition available.

+ Details

Name:	us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_InvestmentTypeAxis=hdb_CreditSubstitutesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_InvestmentTypeAxis=hdb_TradingAccountAssetMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_InformationByCategoryOfDebtSecurityAxis=us-gaap_AvailableforsaleSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=hdb_DebtSecuritiesOtherThanAssetAndMortgageBackedSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=hdb_AssetAndMortgageBackedSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: