$HDB
HDFC BANK LTD
CIK:0001144967|SEC Filings
CONSOLIDATED STATEMENTS OF INCOME ₨ in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Mar. 31, 2026
INR (₨)
₨ / shares
|
Mar. 31, 2026
USD ($)
$ / shares
|
Mar. 31, 2025
INR (₨)
₨ / shares
|
Mar. 31, 2024
INR (₨)
₨ / shares
|
|
| Interest and dividend revenue: | ||||
| Loans | ₨ 2,544,315.4 | $ 27,116.2 | ₨ 2,506,518.7 | ₨ 2,194,525.5 |
| Trading securities | 19,660.0 | 209.5 | 11,417.5 | 3,563.1 |
| Available for sale debt securities | 712,057.3 | 7,588.8 | 625,200.6 | 516,550.0 |
| Other | 84,232.3 | 897.7 | 84,825.8 | 67,287.6 |
| Total interest and dividend revenue | 3,360,265.0 | 35,812.2 | 3,227,962.6 | 2,781,926.2 |
| Interest expense: | ||||
| Deposits | 1,383,241.5 | 14,742.0 | 1,254,947.4 | 997,405.6 |
| Short-term borrowings | 93,075.7 | 992.0 | 94,148.6 | 100,181.0 |
| Long-term debt | 375,036.8 | 3,997.0 | 471,570.2 | 432,520.3 |
| Other | 9,141.5 | 97.4 | 2,810.8 | 3,815.9 |
| Total interest expense | 1,860,495.5 | 19,828.4 | 1,823,477.0 | 1,533,922.8 |
| Net interest revenue | 1,499,769.5 | 15,983.8 | 1,404,485.6 | 1,248,003.4 |
| Provision for credit losses | 168,272.2 | 1,793.4 | 181,380.1 | 133,063.1 |
| Net interest revenue after provision for credit losses | 1,331,497.3 | 14,190.4 | 1,223,105.5 | 1,114,940.3 |
| Non-interest revenue, net: | ||||
| Fees and commissions | 356,569.1 | 3,800.2 | 324,086.5 | 280,965.9 |
| Trading securities gain (net) | 18,461.2 | 196.8 | 43,407.7 | 41,595.0 |
| Realized gain/(loss) on sales of available for sale debt securities, net | 50,331.9 | 536.4 | 6,825.0 | 826.7 |
| Allowance on available for sale debt securities | 0.0 | 0.0 | 0.0 | 70.9 |
| Foreign exchange transactions gain/(loss) | (4,089.6) | (43.6) | 38,419.8 | 15,521.2 |
| Derivatives gain net | 14,113.2 | 150.4 | 37,644.2 | 18,558.5 |
| Premium and other operating income from the insurance business | 545,990.4 | 5,818.9 | 498,265.2 | 381,879.5 |
| Other, net | 14,471.8 | 154.2 | 18,374.2 | (486.8) |
| Total non-interest revenue, net | 995,848.0 | 10,613.3 | 967,022.6 | 738,930.9 |
| Total revenue, net | 2,327,345.3 | 24,803.7 | 2,190,128.1 | 1,853,871.2 |
| Non-interest expense: | ||||
| Salaries and staff benefits | 318,594.7 | 3,395.4 | 299,251.7 | 288,776.0 |
| Premises and equipment | 91,055.3 | 970.4 | 77,733.6 | 65,131.5 |
| Depreciation and amortization | 41,150.7 | 438.6 | 37,784.1 | 31,147.3 |
| Administrative and other | 310,095.8 | 3,304.9 | 292,757.7 | 281,020.8 |
| Amortization of intangible assets | 20,681.6 | 220.4 | 25,237.2 | 21,201.0 |
| Claims and benefits paid pertaining to insurance business | 569,949.7 | 6,074.3 | 532,867.1 | 381,965.8 |
| Total non-interest expense | 1,351,527.8 | 14,404.0 | 1,265,631.4 | 1,069,242.4 |
| (Surplus) in P&L transferred to undistributed policyholders earnings account | (36,789.6) | (392.1) | (62,950.5) | (79,169.8) |
| Income before income tax expense | 939,027.9 | 10,007.6 | 861,546.2 | 705,459.0 |
| Income tax expense | 211,931.5 | 2,258.7 | 175,014.9 | 77,827.1 |
| Net income before noncontrolling interest | 727,096.4 | 7,748.9 | 686,531.3 | 627,631.9 |
| Less: Net income attributable to shareholders of noncontrolling interest | 22,303.0 | 237.7 | 13,023.0 | 4,975.3 |
| Net income attributable to shareholders of HDFC Bank Limited | ₨ 704,793.4 | $ 7,511.2 | ₨ 673,508.3 | ₨ 622,656.6 |
| Per share information: (see note: 31) | ||||
| Earnings per equity share—basic | (per share) | ₨ 45.89 | $ 0.49 | ₨ 45.01 | ₨ 44.33 |
| Earnings per equity share—diluted | (per share) | 45.75 | 0.48 | 44.82 | 44.16 |
| Per ADS information (where 1 ADS represents 3 shares): (see note: 31) | ||||
| Earnings per ADS—basic | (per share) | 137.67 | 1.47 | 135.02 | 132.99 |
| Earnings per ADS—diluted | (per share) | 137.25 | 1.44 | 134.45 | 132.46 |
| Dividends declared per equity share | (per share) | ₨ 15.5 | $ 0.17 | ₨ 11 | ₨ 9.75 |
CONSOLIDATED STATEMENTS OF CASH FLOWS ₨ in Millions, $ in Millions |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Mar. 31, 2026
INR (₨)
|
Mar. 31, 2026
USD ($)
|
Mar. 31, 2025
INR (₨)
|
Mar. 31, 2024
INR (₨)
|
|||
| Cash flows from operating activities: | ||||||
| Net income before noncontrolling interest | ₨ 727,096.4 | $ 7,748.9 | ₨ 686,531.3 | ₨ 627,631.9 | ||
| Adjustment to reconcile net income to net cash provided by operating activities | ||||||
| Provision for credit losses | 168,272.2 | 1,793.4 | 181,380.1 | 133,063.1 | ||
| Depreciation and amortization | 41,150.7 | 438.6 | 37,784.1 | 31,147.3 | ||
| Amortization of deferred customer acquisition costs and fees | 52,259.1 | 557.0 | 37,093.8 | 20,848.1 | ||
| Amortization of premium/(discount) on investments | 49,216.8 | 524.5 | 39,220.6 | 22,386.1 | ||
| Amortization of intangible assets | 20,681.6 | 220.4 | 25,237.2 | 21,201.0 | ||
| Allowance on available for sale debt securities | 0.0 | 0.0 | 0.0 | (70.9) | ||
| Deferred tax expense/ (benefit) | (24,426.2) | (260.3) | (15,613.6) | (57,133.2) | ||
| Other gains, net | 12,278.6 | 130.9 | (2,368.1) | (2,165.8) | ||
| Share-based compensation expense | 22,168.7 | 236.3 | 24,633.9 | 20,115.8 | ||
| Net realized (gain)/ loss on sale of available for sale debt securities | (50,331.9) | (536.4) | (6,825.0) | (826.7) | ||
| (Gain)/ loss on disposal of property and equipment, net | (1,880.1) | (20.0) | (224.9) | (748.0) | ||
| Unrealized exchange (gain)/ loss | 46,618.9 | 496.8 | 20,184.6 | 5,554.3 | ||
| Amortization of past service cost | 1,011.3 | 10.8 | ||||
| Net change in: | ||||||
| Investments held for trading | (196,946.9) | (2,099.0) | (163,568.7) | (46,372.8) | ||
| Accrued interest receivable | (5,135.9) | (54.7) | (72,883.7) | (24,104.9) | ||
| Other assets | (434,459.8) | (4,630.3) | (244,897.0) | 77,812.0 | ||
| Accrued interest payable | 8,611.9 | 91.8 | 19,359.0 | 12,951.8 | ||
| Accrued expense and other liabilities | 453,638.2 | 4,834.5 | 166,702.3 | (171,089.9) | ||
| Policyholder's account balances | 228,736.3 | 2,437.8 | 463,871.5 | 352,123.2 | ||
| Net cash provided by operating activities | 1,118,559.9 | 11,921.0 | 1,195,617.4 | 1,022,322.4 | ||
| Cash flows from investing activities: | ||||||
| Term placements, net | 137,204.3 | 1,462.3 | 102,999.7 | (353,054.8) | ||
| Activity in available for sale debt securities: | ||||||
| Purchases | (4,388,554.6) | (46,771.3) | (4,648,957.4) | (4,308,274.6) | ||
| Proceeds from sales | 3,167,213.2 | 33,754.8 | 1,886,002.6 | 2,296,504.0 | ||
| Maturities, prepayments and calls | 669,708.3 | 7,137.5 | 1,272,042.3 | 1,163,732.2 | ||
| Net change in repurchase agreements and reverse repurchase agreements | (101,554.7) | (1,082.3) | (242,383.4) | 519,749.7 | ||
| Proceeds from loans securitized | 66,360.3 | 707.2 | 346,696.1 | 0.0 | ||
| Loans purchased | 0.0 | 0.0 | 0.0 | (116,976.0) | ||
| Repayments on loans purchased | 318.8 | 3.4 | 908.9 | 52,799.6 | ||
| Increase in loans originated, net of principal collections | (3,112,898.7) | (33,175.9) | (2,306,431.8) | (3,104,884.4) | ||
| Additions to property and equipment | (52,783.6) | (562.5) | (66,397.3) | (53,838.0) | ||
| Proceeds from sale or disposal of property and equipment | 4,998.7 | 53.3 | 979.1 | 1,533.9 | ||
| Proceeds from disposals of business | 0.0 | 0.0 | 0.0 | 95,006.7 | ||
| Net cash received on acquisition of HDFC Limited | 0.0 | 0.0 | 0.0 | 54,793.7 | ||
| Activity in equity securities, net | 32,816.9 | 349.7 | (61,515.4) | 80,343.8 | ||
| Net cash used in investing activities | (3,577,171.1) | (38,123.8) | (3,716,056.6) | (3,672,564.2) | ||
| Cash flows from financing activities: | ||||||
| Net increase in deposits | 3,835,342.2 | 40,875.4 | 3,323,247.6 | 3,368,161.6 | ||
| Net increase/(decrease) in short-term borrowings | 17,552.2 | 187.1 | (13,437.3) | 222,250.1 | ||
| Proceeds from issue of shares by a subsidiary to noncontrolling interests | 31,233.1 | 332.9 | 6,006.3 | 3,641.4 | ||
| Purchase of shares from Noncontrolling interests | (1,160.2) | (12.4) | ||||
| Sale of subsidiary stock to non-controlling interests | 98,060.0 | 1,045.1 | ||||
| Proceeds from issuance of long-term debt | 860,672.1 | 9,172.7 | 661,226.3 | 1,155,775.2 | ||
| Repayment of long-term debt | (1,701,295.8) | (18,131.7) | (1,463,100.8) | (1,400,297.9) | ||
| Proceeds from issuance of equity shares for options and warrants exercised | 51,085.1 | 544.4 | 63,465.0 | 84,425.4 | ||
| Payment of dividends | (219,070.2) | (2,334.8) | (158,058.1) | (86,617.1) | ||
| Net cash provided by financing activities | 2,972,418.5 | 31,678.7 | 2,419,349.0 | 3,347,338.7 | ||
| Effect of exchange rate changes on cash and due from banks, and restricted cash | 51,098.0 | 544.6 | (2,011.4) | 1,539.3 | ||
| Net change in cash and due from banks, and restricted cash | 564,905.3 | 6,020.5 | (103,101.6) | 698,636.2 | ||
| Cash and due from banks, and restricted cash, beginning of year | 1,982,929.8 | 21,133.2 | 2,086,031.4 | 1,387,395.2 | ||
| Cash and due from banks, and restricted cash, end of year | 2,547,835.1 | 27,153.7 | 1,982,929.8 | 2,086,031.4 | ||
| Supplementary cash flow information: | ||||||
| Interest paid | 1,850,643.1 | 19,723.4 | 1,803,804.0 | 1,407,747.2 | ||
| Income taxes paid, net of refunds | [1] | 223,557.3 | 2,382.6 | 195,409.7 | 199,753.4 | |
| Non-cash investment activities | ||||||
| Payable for purchase of property and equipment | 7,169.5 | 76.4 | 8,149.7 | 8,613.4 | ||
| Trade date sale receivable of available for sale debt securities | ₨ 965.5 | $ 10.3 | ₨ 1,487.0 | ₨ 3,607.4 | ||
| Operating lease right-of-use assets | Refer to note 29—“Commitments and contingencies—Lease commitments” for more information and balances as of March 31, 2026. | Refer to note 29—“Commitments and contingencies—Lease commitments” for more information and balances as of March 31, 2026. | ||||
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