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Goodwill and Intangible assets (Tables) | 12 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Carrying Amount of Goodwill | The following table represents the changes in the carrying amount of goodwill reported in the consolidated balance sheets for the year ended March 31, 2024 and March 31, 2025:
|  | As of March 31, 2024 |
|  | Retail Banking |  |  | Wholesale Banking |  |  | Treasury Services |  |  | Insurance Services |  |  | Others |  |  | Total |
|  | (In millions) |
Balance, March 31, 2023 |  | Rs. | 74,937.9 |  |  | Rs. | — |  |  | Rs. | — |  |  | Rs. | — |  |  | Rs. | — |  |  | Rs. | 74,937.9 |
Goodwill on acquisition during the year |  |  | 368,079.6 |  |  |  | 71,617.3 |  |  |  | — |  |  |  | 959,080.0 |  |  |  | 229,371.6 |  |  |  | 1,628,148.5 |
Less: Goodwill Derecognised on disposal during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 73,576.1 |  |  |  | 73,576.1 |
Balance, March 31, 2024 |  | Rs. | 443,017.5 |  |  | Rs. | 71,617.3 |  |  | Rs. | — |  |  | Rs. | 959,080.0 |  |  | Rs. | 155,795.5 |  |  | Rs. | 1,629,510.3 |
|  | As of March 31, 2025 |
|  | Retail Banking |  |  | Wholesale Banking |  |  | Treasury Services |  |  | Insurance Services |  |  | Others |  |  | Total |  |  | Total |
|  |  |  |  | (In millions) |  |  |  |
Balance as at March 31, 2024 |  | Rs. | 443,017.5 |  |  | Rs. | 71,617.3 |  |  | Rs. | — |  |  | Rs. | 959,080.0 |  |  | Rs. | 155,795.5 |  |  | Rs. | 1,629,510.3 |  |  | US$ | 19,074.2 |
Goodwill on acquisition during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Less: Goodwill Derecognised on disposal during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at March 31, 2025 |  | Rs. | 443,017.5 |  |  | Rs. | 71,617.3 |  |  | Rs. | — |  |  | Rs. | 959,080.0 |  |  | Rs. | 155,795.5 |  |  | Rs. | 1,629,510.3 |  |  | US$ | 19,074.2 |
Intangible Assets, Net | Intangible assets, net, consists of the following:
|  | As of, |
|  | March 31, 2024 |  |  | March 31, 2025 |  |  | March 31, 2025 |
|  | (Rs. in millions) |
Brand |  | Rs. | 742,230.7 |  |  | Rs. | 742,230.7 |  |  | US$ | 8,688.1 |
Investment management contract |  |  | 369,785.6 |  |  |  | 369,785.6 |  |  |  | 4,328.5 |
Value of business acquired |  |  | 221,738.5 |  |  |  | 221,738.5 |  |  |  | 2,595.6 |
Distribution network |  |  | 50,570.8 |  |  |  | 50,570.8 |  |  |  | 592.0 |
Customer Relationship |  |  | 29,874.9 |  |  |  | 29,874.9 |  |  |  | 349.6 |
Transferable Development Rights |  |  | 3,117.7 |  |  |  | 3,117.7 |  |  |  | 36.5 |
Intangible Assets |  |  | 1,417,318.2 |  |  |  | 1,417,318.2 |  |  | US$ | 16,590.3 |
Less: Accumulated amortization |  |  | 21,201.0 |  |  |  | 46,438.2 |  |  |  | 543.5 |
Total intangible assets, net |  | Rs. | 1,396,117.2 |  |  | Rs. | 1,370,880.0 |  |  | US$ | 16,046.8 |
(*) | All the above intangible assets excluding Brand and Investment Management Contract are subject to amortization. Further, intangible assets on the acquisition date included Brand amounting to Rs. 8,527.5 million (US $ 99.9 million) and Distribution network amounting to Rs. 8,972.4 million (US $ 105.0 million) pertaining to HDFC Credila Financial Services Limited which is classified as held for sale as on date of acquisition. These have been derecognized following the divestment of stake on March 19, 2024.
Future Amortization of Finite Lived Intangible Assets | At March 31, 2025, the expected future amortization of finite-lived intangible assets is as follows:
|  | As of March 31, 2025 |
|  | (in millions) |
Fiscal year ending March 31: |  |  |  |  |  |  |  |
2026 |  | Rs. | 17,983.1 |  |  | US$ | 210.5 |
2027 |  |  | 16,152.7 |  |  |  | 189.1 |
2028 |  |  | 14,504.0 |  |  |  | 169.8 |
2029 |  |  | 13,541.9 |  |  |  | 158.5 |
2030 |  |  | 5,120.9 |  |  |  | 59.9 |
Thereafter |  |  | 176,979.0 |  |  |  | 2,071.6 |
Total |  | Rs. | 244,281.6 |  |  | US$ | 2,859.4 |

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