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Commitments and contingencies (Tables)
12 Months Ended
Mar. 31, 2024
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,
 
    
2023
    
2024
    
2024
 
                      
           
(In millions)
        
Right-of-use assets
   Rs.  89,989.3      Rs.  121,302.5      US$  1,455.5  
Lease liabilities
     97,658.9        131,043.0        1,572.4  
Operating Leases of Lessee Disclosure
The total lease expenses were as follows:
 
    
As of March 31,
 
    
2022
    
2023
    
2024
    
2024
 
                             
    
(In millions)
 
The total minimum lease expense during the year recognized in the consolidated statement of income
   Rs.  13,866.6      Rs.  17,591.4      Rs.  23,245.5      US$  278.9  
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum lease payments as of March 31, 2024
were
as follows:
 
Due in fiscal year ending March 31:
  
Operating leases
 
 
  
(In millions, except for weighted averages)
 
2025
   Rs. 20,541.8     US$ 246.5  
2026
     20,162.6       241.9  
2027
     19,678.9       236.1  
2028
     18,817.6       225.8  
2029
     17,610.2       211.3  
Thereafter
     86,273.8       1,035.2  
  
 
 
   
 
 
 
Total lease payments
   Rs. 183,084.9     US$ 2,196.8  
Less: imputed interest
     52,041.9       624.4  
  
 
 
   
 
 
 
Total operating lease liabilities
  
Rs.
131,043.0    
US$
1,572.4  
  
 
 
   
 
 
 
Weighted average remaining lease term (in years)
    
10
.2

     
10
.2
 
Weighted average discount rate
    
7.25

   
7.25
Movement in Provision for Reward Points
The movement in provision for credit card and debit card reward points as of March 31, 2023 and March 31, 2024 is as follows:
 
    
As of March 31,
 
    
2023
    
2024
    
2024
 
                      
    
(In millions)
 
Opening provision of reward points
   Rs.  6,359.1      Rs.  6,963.2      US$  83.6  
Provision made during the year
     5,537.3        7,921.1        95.0  
Utilization/write back of provision
     (4,901.3      (6,248.8 )      (75.0
Effect of change in rate of accrual of reward points
     (31.9      —       —   
  
 
 
    
 
 
    
 
 
 
Closing provision of reward points
   Rs.  6,963.2      Rs.  8,635.5      US$ 103.6