Non-interest revenue

12 Months Ended

Mar. 31, 2024

Non-interest revenue

21. Non-interest revenue

Revenue Recognition

Deposit-related fees

Deposit-related fees consist of fees earned on consumer deposit activities and are generally recognized when the transaction occurs or as the service is performed. Consumer fees are earned on consumer deposit accounts for account maintenance and various transaction-based services, such as ATM transactions, wire transfer activities, check and money order processing, standing instruction processing, cash management services, etc.

Lending-related fees

Lending-related fees generally represent transactional fees earned from certain loan related services, guarantees and letters of credit (“LCs”).

Third-party products-related fees

Third-party products related fees consist of fees earned from distribution of third-party products such as insurance and mutual funds.

Payments and cards business fees

Payments and cards business fees include fees earned from merchant acquiring business and on Credit, Debit, Prepaid or Forex cards, among others. Cards business income includes annual and renewal fees, late and over-limit fees, currency conversion fees, as well as fees earned from interchange, cash advances and other miscellaneous transactions fees. Interchange fees are recognized upon settlement of the credit and debit card payment transactions and are generally determined on a percentage basis for credit and debit cards based on the corresponding payment network’s rates. Substantially all cards business related fees are recognized at the transaction date, except for certain time-based fees such as annual fees, which are recognized over 12 months. Payments business fees include fees earned from merchants net of interchange expenses paid to issuing banks, rentals from point-of-sale machines and merchant service charges.

Investment Management Fees

Investment management fees from the Mutual fund consists of fees from various schemes which invest in different categories of securities like Equity, Debt etc. received from asset management business.

The table below presents the fees and commissions disaggregated by revenue source for the fiscal years ended March 31, 2022, March 31, 2023 and March 31, 2024.

	Fiscal year ended March 31,
	2022		2023		2024		2024
	(In millions)
Deposit related fees	Rs.	37,415.4	Rs.	40,749.9	Rs.	45,178.6	US$	542.1
Lending related fees		40,532.5		48,878.2		55,501.7		666.0
Third-party products related fees		44,216.1		54,548.9		43,049.3		516.6
Payments and cards business fees		56,170.2		72,969.0		92,568.5		1,110.7
Investment Management Fee		—		—		20,819.1		249.8
Others		24,645.3		22,457.7		23,848.7		286.1
Fees and commissions	Rs.	202,979.5	Rs.	239,603.7	Rs.	280,965.9	US$	3,371.3

The table below presents the fees and commission disaggregated by segment for the fiscal years ended March 31, 2022, March 31, 2023 and March 31, 2024.

	Fiscal year ended March 31,
	2022		2023		2024		2024
	(In millions)
Retail Banking	Rs.	182,464.1	Rs.	215,252.5	Rs.	229,890.7	US$	2,758.5
Wholesale Banking		19,802.0		23,619.5		27,844.8		334.1
Treasury Services		713.4		731.7		414.9		5.0
Insurance services		—		—		—		—
Others		—		—		22,815.5		273.7
Fees and commissions	Rs.	202,979.5	Rs.	239,603.7	Rs.	280,965.9	US$	3,371.3