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v3.25.2

Long-term debt (Tables) | 12 Months Ended
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Mar. 31, 2025
Schedule of Long-term Debt Instruments | The below table presents the balance of long-term debt as of March 31, 2024 and March 31, 2025 and the related contractual rates and maturity dates:
|  | As of |
|  | March 31, 2024 |  |  | March 31, 2025 |
|  | 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) |  |  | 2025-2034 |  |  |  | 6.67% to 9.7% |  |  | Rs. | 276,600.6 |  |  |  | 2026-2035 |  |  |  | 6.67% to 9.70% |  |  | Rs. | 293,902.2 |  |  | US$ | 3,440.3 |
Perpetual debt — (1) |  |  | 2029-2038 |  |  |  | 7.55% to 9.4% |  |  |  | 47,290.8 |  |  |  | 2026-2034 |  |  |  | 7.55% to 9.40% |  |  |  | 52,272.7 |  |  |  | 611.9 |
Perpetual debt — (2) |  |  | 2037 |  |  |  | 3.70% |  |  |  | 83,090.7 |  |  |  | 2027 |  |  |  | 3.70% |  |  |  | 85,291.5 |  |  |  | 998.4 |
Others ( * ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate — (1) |  |  | 2026-2029 |  |  |  | 6.10% to 6.51% |  |  |  | 479,577.3 |  |  |  | 2026-2030 |  |  |  | 4.92% to 6.22% |  |  |  | 581,229.3 |  |  |  | 6,803.6 |
Variable rate — (2) |  |  | 2025-2030 |  |  |  | 6.21% to 9.0% |  |  |  | 1,235,079.0 |  |  |  | 2026-2032 |  |  |  | 6.47% to 8.60% |  |  |  | 623,118.6 |  |  |  | 7,293.9 |
Fixed rate — (1) |  |  | 2025-2034 |  |  |  | 2.80% to 9.60% |  |  |  | 4,313,107.4 |  |  |  | 2026-2034 |  |  |  | 2.80% to 9.05% |  |  |  | 3,955,489.6 |  |  |  | 46,300.8 |
Fixed rate — (2) |  |  | 2025-2029 |  |  |  | 5.18% to 8.19% |  |  |  | 214,026.2 |  |  |  | 2026-2029 |  |  |  | 4.30% to 8.19% |  |  |  | 274,859.3 |  |  |  | 3,217.4 |
Total |  |  |  |  |  |  |  |  |  | Rs. | 6,648,772.0 |  |  |  |  |  |  |  |  |  |  | Rs. | 5,866,163.2 |  |  | US$ | 68,666.3 |
( * ) | Variable rate — (1), Perpetual debt — (2) and Fixed rate — (2) represent foreign currency debt. Variable rate debt is typically indexed to 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, 2025 |
|  | (In millions) |
Due in the fiscal year ending March 31: |  |  |  |  |  |  |  |
2026 |  | Rs. | 1,466,542.2 |  |  | US$ | 17,166.6 |
2027 |  |  | 1,290,428.6 |  |  |  | 15,105.1 |
2028 |  |  | 355,754.9 |  |  |  | 4,164.3 |
2029 |  |  | 629,335.3 |  |  |  | 7,366.7 |
2030 |  |  | 314,375.1 |  |  |  | 3,679.9 |
Thereafter |  |  | 1,672,162.9 |  |  |  | 19,573.5 |
Total (1) |  | Rs. | 5,728,599.0 |  |  | US$ | 67,056.1 |
(1) | The scheduled maturities of long-term debt do not include perpetual bonds of Rs. 137,564.2 million (net of debt issuance cost).
Long-term Debt |
Schedule of Long-term Debt Instruments | Long-term debt as of March 31, 2024 and March 31, 2025 are comprised of the following:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | (In millions) |
Subordinated debt |  | Rs. | 407,531.3 |  |  | Rs. | 431,896.9 |  |  | US$ | 5,055.5 |
Others |  |  | 6,244,131.6 |  |  |  | 5,436,429.4 |  |  |  | 63,636.1 |
Debt issuance cost |  |  | (2,890.9 | ) |  |  | (2,163.1 | ) |  |  | (25.3 | )
Total |  | Rs. | 6,648,772.0 |  |  | Rs. | 5,866,163.2 |  |  | US$ | 68,666.3 |

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