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v3.25.2

Segment information | 12 Months Ended
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Mar. 31, 2025
Segment information | 28. Segment information The segment information reflects how the Managing Director and CEO, who is the chief operating decision maker (CODM), manages the Bank. The CODM reviews actual segment income before income tax to assess performance and decide how to allocate resources. The Bank operates in five reportable segments: wholesale banking, retail banking, insurance services, treasury services and others. The revenue and related expense recognition policies are set out in note 2. Substantially all operations and assets are based in India. The retail banking segment serves retail customers through a branch network and other delivery channels. This segment raises deposits from customers and grant loans, provides credit cards and debit cards, and distributes third-party financial products, such as mutual funds and insurance to such customers. Revenues of the retail banking segment are derived from interest earned on retail loans, fees for banking services, profit from foreign exchange and derivative transactions and interest earned from other segments for surplus funds placed with those segments. Expenses of this segment are primarily comprised of interest expense on deposits, infrastructure and premises expenses for operating the branch network and other delivery channels, personnel costs, other direct overheads and allocated expenses. The Bank’s retail banking loan products also include loans to small and medium enterprises for commercial vehicles, construction equipment and other business purposes. Such grouping ensures optimum utilization and deployment of specialized resources in the retail banking business. The wholesale banking segment provides loans and transaction services to corporate customers. As discussed above, loans to small and medium enterprises for commercial vehicles, construction equipment and other business purposes are included in the retail banking segment. Revenues of the wholesale banking segment consist of interest earned on loans given to corporate customers, investment income from credit substitutes, interest earned on the cash float arising from transaction services, fees from such transaction services and profits from foreign exchange and derivative transactions with wholesale banking customers. The principal expenses of the segment consist of interest expense on funds borrowed from other segments, premises expenses, personnel costs, other direct overheads and allocated expenses. The treasury services segment undertakes trading operations on proprietary account (including investments in government securities), foreign exchange operations and derivatives trading both on proprietary account and customer flows and borrowings. Revenues of the treasury services segment primarily consist of fees and gains and losses from trading operations and of net interest revenue/expense from investments in government securities and borrowings. Revenues from foreign exchange and derivative operations and customer flows are classified under the retail or wholesale segments depending on the profile of the customer. The insurance services segment comprises the Life Insurance business which offers a wide range of individual and group insurance solutions such as Protection, Pension, Savings, Investment, Annuity and Health. Revenues from the insurance segment consists of premiums, investment income from managed assets, linked income (fund management charges, policy administration charges, mortality charges, surrender charge, discontinuance charges, reinstatement fees, etc) and other miscellaneous income. Expenses of this segment primarily comprise commission expenses, operating expenses related to insurance business, benefits paid, changes in valuation of actuarial liability and other direct overheads and allocated expenses. The others segment comprises businesses other than retail banking segment, wholesale banking segment, treasury services segment and insurance services segment. Segment income and expenses include certain allocations. Interest income is charged by a segment that provides funding to another segment, based on yields benchmarked to an internally developed composite cost mix which broadly tracks market-discovered interest rates. Salaries and staff benefits is a significant expense for our reportable segments. Non-salaries and staff benefits includes other expense categories that are consistent with those presented in our consolidated statement of income, such as premises and equipment, depreciation and amortization, administrative and other expense, amortization of intangible assets and (Surplus) / Deficit in P&L transferred to undistributed policyholders earnings account. Claims and benefits paid pertaining to insurance business is a significant expense for our insurance services segment. Segment information for the fiscal years 2023 and 2024 have been revised to reflect these changes. Directly identifiable overheads are attributed to a segment at actual amounts incurred. Indirect shared costs, principally corporate office expenses, are generally allocated to each segment on the basis of area occupied, number of staff, volume and nature of transactions. Summarized segment information for the fiscal years ended March 31, 2023, March 31, 2024 and March 31, 2025:
|  | Fiscal year ended March 31, 2023 |
|  | Retail Banking |  |  | Wholesale Banking |  |  | Treasury Services |  |  | Total |
|  | (In millions) |
Net interest income/ (expense) (external) |  | Rs. | 474,489.5 |  |  | Rs. | 367,857.6 |  |  | Rs. | 71,641.4 |  |  | Rs. | 913,988.5 |
Net interest income/ (expense) (internal) |  |  | 168,806.2 |  |  |  | (116,903.5 | ) |  |  | (51,902.7 | ) |  |  | — |
Net interest revenue |  |  | 643,295.7 |  |  |  | 250,954.1 |  |  |  | 19,738.7 |  |  |  | 913,988.5 |
Non-interest revenue |  |  | 252,576.6 |  |  |  | 42,286.9 |  |  |  | (3,477.0 | ) |  |  | 291,386.5 |
Less: Provision for credit losses |  |  | 86,920.2 |  |  |  | (12,706.4 | ) |  |  | — |  |  |  | 74,213.8 |
Total revenue, net |  |  | 808,952.1 |  |  |  | 305,947.4 |  |  |  | 16,261.7 |  |  |  | 1,131,161.2 |
Salaries and staff benefits |  |  | (189,302.4 | ) |  |  | (8,618.3 | ) |  |  | (1,806.1 | ) |  |  | (199,726.8 | )
Other than salaries and staff benefits expense |  |  | (243,387.5 | ) |  |  | (25,643.4 | ) |  |  | (21.7 | ) |  |  | (269,052.6 | )
Total non-interest expense |  |  | (432,689.9 | ) |  |  | (34,261.7 | ) |  |  | (1,827.8 | ) |  |  | (468,779.4 | )
Income before income tax |  | Rs. | 376,262.2 |  |  | Rs. | 271,685.7 |  |  | Rs. | 14,433.9 |  |  | Rs. | 662,381.8 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | Rs. | 166,117.4 |
Net income before noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  | Rs. | 496,264.4 |
Segment assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment total assets |  | Rs. | 13,599,750.2 |  |  | Rs. | 9,274,409.1 |  |  | Rs. | 2,881,464.7 |  |  | Rs. | 25,755,624.0 |
|  | Fiscal year ended March 31, 2024 |
|  | Retail Banking |  |  | Wholesale Banking |  |  | Treasury Services |  |  | Insurance Services |  |  | Others |  |  | Total |
|  | (In millions) |
Net interest income/(expense) (external) |  | Rs. | 624,203.3 |  |  | Rs. | 249,868.7 |  |  | Rs. | 265,306.7 |  |  | Rs. | 86,474.6 |  |  | Rs. | 22,150.1 |  |  | Rs. | 1,248,003.4 |
Net interest income/(expense) (internal) |  |  | 178,794.9 |  |  |  | 65,798.9 |  |  |  | (244,593.8 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net interest revenue |  |  | 802,998.2 |  |  |  | 315,667.6 |  |  |  | 20,712.9 |  |  |  | 86,474.6 |  |  |  | 22,150.1 |  |  |  | 1,248,003.4 |
Non-interest revenue |  |  | 276,151.7 |  |  |  | 24,303.9 |  |  |  | 11,784.3 |  |  |  | 418,250.0 |  |  |  | 8,441.0 |  |  |  | 738,930.9 |
Less: Provision for credit losses |  |  | 118,900.0 |  |  |  | 14,163.1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 133,063.1 |
Total revenue, net |  |  | 960,249.9 |  |  |  | 325,808.4 |  |  |  | 32,497.2 |  |  |  | 504,724.6 |  |  |  | 30,591.1 |  |  |  | 1,853,871.2 |
Salaries and staff benefits |  |  | (246,954.5 | ) |  |  | (23,096.5 | ) |  |  | (2,232.5 | ) |  |  | (6,105.9 | ) |  |  | (10,386.6 | ) |  |  | (288,776.0 | )
Other than salaries and staff benefits expense |  |  | (301,798.6 | ) |  |  | (61,638.6 | ) |  |  | (4,045.7 | ) |  |  | (105,692.1 | ) |  |  | (4,495.4 | ) |  |  | (477,670.4 | )
Claims and benefits paid pertaining to insurance business |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (381,965.8 | ) |  |  | — |  |  |  | (381,965.8 | )
Total non-interest expense |  |  | (548,753.1 | ) |  |  | (84,735.1 | ) |  |  | (6,278.2 | ) |  |  | (493,763.8 | ) |  |  | (14,882.0 | ) |  |  | (1,148,412.2 | )
Income before income tax |  | Rs. | 411,496.8 |  |  | Rs. | 241,073.3 |  |  | Rs. | 26,219.0 |  |  | Rs. | 10,960.8 |  |  | Rs. | 15,709.1 |  |  | Rs. | 705,459.0 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rs. | 77,827.1 |
Net income before noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rs. | 627,631.9 |
Segment assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment total assets |  | Rs. | 23,256,928.8 |  |  | Rs. | 13,133,744.0 |  |  | Rs. | 2,731,823.5 |  |  | Rs. | 4,387,398.1 |  |  | Rs. | 608,678.6 |  |  | Rs. | 44,118,573.0 |
|  | Fiscal year ended March 31, 2025 |
|  | Retail Banking |  |  | Wholesale Banking |  |  | Treasury Services |  |  | Insurance Services |  |  | Others |  |  | Total |  |  | Total |
|  | (In millions) |
Net interest income/(expense) (external) |  | Rs. | 956,355.0 |  |  | Rs. | 169,440.6 |  |  | Rs. | 144,728.0 |  |  | Rs. | 133,733.0 |  |  | Rs. | 229.0 |  |  | Rs. | 1,404,485.6 |  |  | US$ | 16,440.0 |
Net interest income/(expense) (internal) |  |  | 16,464.5 |  |  |  | 116,723.3 |  |  |  | (133,187.8 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net interest revenue |  |  | 972,819.5 |  |  |  | 286,163.9 |  |  |  | 11,540.2 |  |  |  | 133,733.0 |  |  |  | 229.0 |  |  |  | 1,404,485.6 |  |  |  | 16,440.0 |
Non-interest revenue |  |  | 305,210.1 |  |  |  | 52,654.6 |  |  |  | 42,448.9 |  |  |  | 521,983.0 |  |  |  | 44,726.0 |  |  |  | 967,022.6 |  |  |  | 11,319.4 |
Less: Provision for credit losses |  |  | 190,309.5 |  |  |  | (8,929.4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 181,380.1 |  |  |  | 2,123.1 |
Total revenue, net |  |  | 1,087,720.1 |  |  |  | 347,747.9 |  |  |  | 53,989.1 |  |  |  | 655,716.0 |  |  |  | 44,955.0 |  |  |  | 2,190,128.1 |  |  |  | 25,636.3 |
Salaries and staff benefits |  |  | (263,810.0 | ) |  |  | (11,863.1 | ) |  |  | (2,249.6 | ) |  |  | (8,544.0 | ) |  |  | (12,785.0 | ) |  |  | (299,251.7 | ) |  |  | (3,502.9 | )
Other than salaries and staff benefits expense |  |  | (330,405.2 | ) |  |  | (64,844.2 | ) |  |  | (386.5 | ) |  |  | (93,757.2 | ) |  |  | (7,070.0 | ) |  |  | (496,463.1 | ) |  |  | (5,811.4 | )
Claims and benefits paid pertaining to insurance business |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (532,867.1 | ) |  |  | — |  |  |  | (532,867.1 | ) |  |  | (6,237.5 | )
Total non-interest expense |  |  | (594,215.2 | ) |  |  | (76,707.3 | ) |  |  | (2,636.1 | ) |  |  | (635,168.3 | ) |  |  | (19,855.0 | ) |  |  | (1,328,581.9 | ) |  |  | (15,551.8 | )
Income before income tax |  |  | 493,504.9 |  |  |  | 271,040.6 |  |  |  | 51,353.0 |  |  |  | 20,547.7 |  |  |  | 25,100.0 |  |  | Rs. | 861,546.2 |  |  |  | 10,084.5 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rs. | 175,014.9 |  |  |  | 2,048.6 |
Net income before noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 686,531.3 |  |  |  | 8,035.9 |
Segment assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment total assets |  | Rs. | 25,660,856.3 |  |  | Rs. | 13,784,529.5 |  |  | Rs. | 3,204,355.4 |  |  | Rs. | 4,917,053.5 |  |  | Rs. | 620,876.4 |  |  | Rs. | 48,187,671.1 |  |  | US$ | 564,060.3 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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