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Long-term debt (Tables)
 12 Months Ended
Mar. 31, 2023
Schedule of Long-term Debt Instruments
 
The below table presents the balance of long-term debt as of March 31, 2022 and March 31, 2023 and the related contractual rates and maturity dates:
 
   
As of
  
   
March 31, 2022
    
March 31, 2023
  
   
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)
    
2023-2031
     7.35% to 10.20%   Rs.   89,759.4      
2024-2033
     7.35% to 10.20%   Rs. 248,983.8     US$ 3,029.4  
Perpetual debt — (1)
     2023-2030     7.55% to 9.70%     93,848.2       2024-2030     7.55% to 9.40%     43,850.5       533.5  
Perpetual debt — (2)
     2027     3.70%     75,216.3       2027     3.70%     81,724.6       994.3  
Others
 
(
*
)
                                                
Variable rate — (1)
     2023-2024     1.40% to 1.80%     40,045.9       2024-2026     1.40% to 4.80%     76,405.9       929.6  
Variable rate — (2)
     2023-2027     4.40% to 6.90%     82,243.1       2024-2029     4.50% to 9.44%     148,813.9       1,810.6  
Fixed rate — (1)
     2023-2030     2.80% to 9.21%     1,173,220.5       2024-2030     2.80% to 9.81%     1,374,137.4       16,719.0  
Fixed rate — (2)
     —     —     —         2024     2.58%     80,520.3       979.8  
               
 
 
                
 
 
    
 
 
  
Total
               Rs.   1,554,333.4                 Rs. 2,054,436.4     US$ 24,996.2  
               
 
 
                
 
 
    
 
 
  
 
(
*
)
 
Variable rate — (1), Perpetual debt — (2) and Fixed rate — (2) represent foreign currency debt. Variable rat
e deb
t is typically indexed to LIBOR, SOFR,
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, 2023
  
    
(In millions)
  
Due in the fiscal year ending March 31:
                  
2024
    Rs.   515,282.4      US$ 6,269.4  
2025
      231,738.2        2,819.5  
2026
      653,549.2        7,951.7  
2027
      141,079.6        1,716.5  
2028
      48,214.9        586.6  
Thereafter
      338,997.0        4,124.7  
    
 
 
     
 
 
  
Total
(1)
    Rs. 1,928,861.3      US$ 23,468.4  
    
 
 
     
 
 
  
 
(1)
The scheduled maturities of long-term debt do not include perpetual bonds of Rs.
125,575.1
 million (net of debt issuance cost).
Long-term Debt  
Schedule of Long-term Debt Instruments
Long-term debt as of March 31, 2022 and March 31, 2023 was comprised of the following:
 
                                                                            
    
As of March 31,
  
    
2022
     
2023
     
2023
  
                      
    
(In millions)
  
Subordinated debt
   
Rs.  
259,452.5
 
   
Rs.  
375,060.0
 
   
US$
  4,563.3
 
Others
 
(
*
)
   
 
1,295,854.3
 
   
 
1,681,587.2
 
   
 
20,459.8
 
Debt issuance cost
   
 
(973.4
) 
   
 
(2,210.8
) 
   
 
(26.9
) 
    
 
 
     
 
 
     
 
 
  
Total
   
Rs.  
1,554,333.4
 
   
Rs.  
2,054,436.4
 
   
US$
  24,996.2
 
    
 
 
     
 
 
     
 
 
  
 
(
*
)
 
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. 90,200.0 million (US$ 1,097.5 million) with stated interest rate of 4.2% per annum for the
fiscal
years ended March 31, 2022 and March 31, 2023, respectively, under RBI long-term repo operation with a three-year maturity period.