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Cash and Cash Equivalents
 12 Months Ended
Mar. 31, 2018
Cash And Cash Equivalents [Abstract]  
Cash and cash equivalents

2.1 Cash and cash equivalents

Cash and cash equivalents consist of the following:

 

(Dollars in millions)

 

 

As of

 

 

March 31, 2018

 

March 31, 2017

Cash and bank deposits

 

2,021

 

2,296

Deposits with financial institutions

 

1,020

 

1,193

 

 

3,041

 

3,489

Cash and cash equivalents included under assets classified as held for sale (Refer note no 2.9)

 

8

 

—

 

 

3,049

 

3,489

 

Cash and cash equivalents as of March 31, 2018 and March 31, 2017 include restricted cash and bank balances of $82 million and $88 million, respectively. The restrictions are primarily on account of cash and bank balances held by irrevocable trusts controlled by the Group, bank balances held as margin money deposits against guarantees and balances held in unpaid dividend bank accounts.

The deposits maintained by the Group with banks and financial institution comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal.

Refer note 2.3 for accounting policies on financial instruments.

The table below provides details of cash and cash equivalents:

 

(Dollars in millions)

 

 

As of

 

 

March 31, 2018

 

March 31, 2017

Current accounts

 

 

 

 

ANZ Bank, Taiwan

 

1

 

–

Banamex Bank, Mexico (U.S. Dollar account)

 

2

 

1

Bank of America, USA

 

180

 

159

Bank of America, Mexico

 

4

 

8

Bank of Zachodni WBK S.A., Poland

 

3

 

1

Barclays Bank, UK

 

6

 

–

Bank Leumi, Israel (Israeli Sheqel account)

 

–

 

2

BNP Paribas Bank, Norway

 

14

 

3

China Merchants Bank, China

 

1

 

1

Citibank N.A., Australia

 

34

 

3

Citibank N.A., Brazil

 

2

 

5

Citibank N.A., China

 

18

 

10

Citibank N.A., China (U.S. Dollar account)

 

1

 

2

Citibank N.A., Costa Rica

 

–

 

1

Citibank N.A., Dubai

 

1

 

–

Citibank N.A., EEFC (U.S. Dollar account)

 

1

 

–

Citibank N.A., Hungary

 

1

 

–

Citibank N.A., Japan

 

3

 

2

Citibank N.A., New Zealand

 

2

 

2

Citibank N.A., Portugal

 

1

 

–

Citibank N.A., Singapore

 

1

 

–

Citibank N.A., South Africa

 

5

 

2

Citibank N.A., USA

 

1

 

12

Commerzbank, Germany

 

–

 

3

Deutsche Bank, Belgium

 

4

 

2

Deutsche Bank, Malaysia

 

1

 

1

Deutsche Bank, Czech Republic

 

2

 

1

Deutsche Bank, Czech Republic (Euro account)

 

1

 

1

Deutsche Bank, Czech Republic (U.S. dollar account)

 

–

 

5

Deutsche Bank, France

 

3

 

1

Deutsche Bank, Germany

 

16

 

8

Deutsche Bank, India

 

7

 

2

Deutsche Bank, Netherlands

 

2

 

–

Deutsche Bank, Philippines

 

4

 

1

Deutsche Bank, Philippines (U.S. dollar account)

 

1

 

1

Deutsche Bank, Poland (PLN account)

 

3

 

2

Deutsche Bank, Poland (Euro account)

 

1

 

1

Deutsche Bank, Russia

 

1

 

–

Deutsche Bank, Russia (U.S. dollar account)

 

1

 

–

Deutsche Bank, Singapore

 

3

 

1

Deutsche Bank, Switzerland

 

5

 

1

Deutsche Bank, United Kingdom

 

12

 

4

Deutsche Bank-EEFC (Australian Dollar account)

 

–

 

6

Deutsche Bank-EEFC (Euro account)

 

5

 

4

Deutsche Bank-EEFC (U.S. dollar account)

 

5

 

12

Deutsche Bank-EEFC, India (United Kingdom Pound Sterling account)

 

1

 

2

Deutsche Bank, USA

 

–

 

2

ICICI Bank

 

8

 

8

ICICI Bank-EEFC, India (U.S. dollar account)

 

6

 

1

ICICI Bank-EEFC, (United Kingdom pound sterling account)

 

2

 

–

HSBC Bank, United Kingdom

 

1

 

–

ICICI Bank - Unpaid dividend account

 

3

 

2

Nordbanken, Sweden

 

8

 

5

Raiffeisen Bank, Czech Republic

 

1

 

1

Raiffeisen Bank, Romania

 

–

 

1

Royal Bank of Canada, Canada

 

26

 

13

State Bank of India, India

 

–

 

1

Punjab National Bank, India

 

2

 

1

Silicon Valley Bank, USA

 

–

 

1

Silicon Valley Bank (Euro account)

 

–

 

3

Splitska Banka D.D., Societe Generale Group, Croatia

 

1

 

–

Union Bank of Switzerland, AG (Euro account)

 

–

 

1

Wells Fargo Bank N.A., USA

 

–

 

5

 

 

418

 

318

 

 

 

 

 

Deposit accounts

 

 

 

 

Axis Bank, India

 

–

 

181

Bank BGZ BNP Paribas S.A

 

22

 

28

Barclays Bank

 

31

 

127

Canara Bank, India

 

36

 

40

Citibank, India

 

35

 

26

Deutsche Bank, AG

 

4

 

–

Deutsche Bank, Poland

 

32

 

11

HDFC Bank, India

 

383

 

72

HSBC Bank

 

–

 

77

ICICI Bank, India

 

568

 

751

IDBI Bank, India

 

38

 

270

IDFC Bank

 

230

 

31

Indusind Bank, India

 

154

 

29

Kotak Mahindra Bank, India

 

–

 

83

South Indian Bank, India

 

69

 

69

Standard Chartered Bank

 

–

 

77

Syndicate Bank, India

 

–

 

8

Yes Bank, India

 

1

 

98

 

 

1,603

 

1,978

Deposits with financial institution

 

 

 

 

HDFC Limited, India

 

836

 

1,085

LIC Housing Finance Limited

 

184

 

108

 

 

1,020

 

1,193

Total

 

3,041

 

3,489