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Business Combination (Tables)
 12 Months Ended
Mar. 31, 2024
Business Combinations [Abstract]  
Asset acquired liabilities assumed In business combination
The following table provides a purchase price allocation
to
the identifiable assets acquired and liabilities assumed
of
eHDFC group and the noncontrolling interest at their estimated fair values as of the acquisition date.
 
Particulars
  
As of July 1, 2023,
 
 
  
(In millions)
 
Consideration
      
Common equity share issued (3,110,396,492 shares of
the
Bank)
   
R
s.
 5,292,028.6     
US$
 63,499.3  
Share-based compensation 
      35,240.7        422.9  
Share
w
arrants
      10,472.2        125.7  
  
 
 
     
 
 
  
Fair value of
total
consideration
 transferred
      5,337,741.5        64,047.9  
Settlement of
p
re-existing relationship
 (refer note below)
      (69,312.6 )
 
      (831.7 )
 
  
 
 
     
 
 
  
Investment in the Bank by eHDFC (refer note below)
       (1,981,494.4
)

       (23,776.0
)

  
 
 
     
 
 
  
Fair value of net purchase consideration transferred
      3,286,934.5        39,440.2  
Acquisition-related costs
      1,900.0        22.8  
Less:
      
A. 
Recognised amounts of identifiable assets acquired
      
Cash and due from banks
     10,344.1        124.1  
Investment securities
      2,842,356.2        34,105.5  
Loans - Net
      6,428,635.4        77,137.5  
Accrued interest receivable
      37,276.7        447.3  
Property and equipment
      39,136.2        469.6  
Identified intangibles assets
      1,434,818.1        17,216.4  
Other assets
      622,978.8        7,475.1  
Separate account assets
      857,528.7        10,289.5  
  
 
 
     
 
 
  
Total estimated assets acquired
       12,273,074.2         147,265.0  
  
 
 
     
 
 
  
Add:
      
B.
 Recognized amounts of identifiable liabilities assumed and Noncontrolling Interests
      
Deposits
      1,571,204.5        18,852.9  
Accrued expenses and other liabilities
     
781,742.3

       
9,380.0

  
Borrowings
 
 
 4,977,276.5
 
 
 
59,722.5
 
Separate account liabilities
      857,528.7        10,289.5  
Liabilities on policies in force
      1,499,749.1        17,995.5  
Noncontrolling Interest in eHDFC subsidiaries
      926,787.1        11,120.6  
  
 
 
     
 
 
  
Total estimated liabilities assumed
      10,614,288.2        127,361.0  
  
 
 
     
 
 
  
Goodwill
      1,628,148.5         19,536.2  
  
 
 
     
 
 
  
Goodwill recorded as a result of the acquisition to the Bank's reportable segments The assignment of Goodwill recorded as a result of the acquisition to the Bank’s reportable segments is as follows:
 
Particulars
  
As of July 1, 2023,
 
 
  
(In millions)
 
Retail Banking
    Rs.  368,079.6      US$  4,416.6  
Wholesale Banking
      71,617.3        859.3  
Insurance Services
      959,080.0        11,508.0  
Others
      229,371.6        2,752.3  
  
 
 
     
 
 
  
Total
       1,628,148.5         19,536.2  
  
 
 
     
 
 
  
Major class of identifiable acquired intangible assets and estimated period of amortisation The following table summarizes the major class of identifiable acquired intangible assets and estimated period of amortization-
 
 
  
As of July 1, 2023
 
 
  
Estimated Fair Value

(In millions)
 
  
Useful lives (in years)
 
  
Valuation Methodology
 
Intangible asset
  
  
  
  
Brand
    Rs.  750,758.2      US$  9,008.4        Indefinite life        Relief from royalty method
(a)
  
Investment management contract
      369,785.6        4,437.1        Indefinite life       
Multi-period excess earnings method
(b)
  
Value of business acquired
      221,738.5        2,660.6        Life of the underlying contracts        Refer below
(c)
  
Distribution network
      59,543.2        714.5        17       
Multi-period excess earnings method
(b)
  
Customer relationship
      29,874.9       358.4     17      
Multi-period excess earnings method
(b)
  
Transferable development rights
      3,117.7        37.4        8        Comparison method  
  
 
 
     
 
 
        
Total
      1,434,818.1        17,216.4        
  
 
 
     
 
 
        
Pro forma financial information The
unaudited pro forma information should not be relied upon as being indicative of the historical results of operations that would have occurred had the acquisition taken place on April 01, 2022.
 
 
  
As of
 
Particulars
  
March 31, 2023
 
  
March 31, 2024
 
    
(In million)
  
Revenue (a)
    Rs.  2,147,961.5      US$  25,773.5      Rs.  2,303,956.6      US$  27,645.3  
Net Income
      636,783.4        7,640.8        645,526.0        7,745.7  
(a) Revenue includes net interest revenue and non-interest revenue. Acquisition costs are included in the periods where such expenses are incurred
Details of PCD of eHDFC Following are the details of PCD of eHDFC acquired.
 
 
  
As of July 1, 2023
 
  
 
 
Particulars
  
Wholesale
 
  
Retail
 
  
Total
 
  
Total
 
 
  
(In millions)
 
  
 
 
Par value of PCD
l
oans at acquisition
    Rs . 72,684.7      Rs . 43,961.6      Rs . 116,646.3      US $ 1,399.6  
Allowance for credit losses on PCD
l
oans at acquisition
      36,487.3        2,927.9        39,415.2        472.9  
Fair value of receivables at acquisition
      36,197.4        41,003.0        77,200.4        926.3  
Non-credit
discount/(premium) on PCD loans at acquisition
      —        30.7        30.7        0.4  
Details of pre-exiting relationship between HDFC Bank group ("the Bank and its subsidiaries") and eHDFC group
Following are the details of
pre-exiting
relationship between HDFC Bank group (“the Bank and its subsidiaries”) and eHDFC group:
 
 
As of July 1, 2023
 
(In millions)
 
Financial statement line items
  
Cash and due from Banks    Rs . 52,875.3     US$  634.4  
Investments, available for sale, at market      18,407.5       220.9  
Accrued expenses and other liabilities      (5,777.5 )
 
     (69.3 ) 
Other assets      3,807.3       45.7  
  
 
 
    
 
 
  
Net Assets
     
R
s
.

 69,312.6

     US$ 831.7