Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of October, 2017

Commission File Number 001-15216

 

 

HDFC BANK LIMITED

(Translation of registrant’s name into English)

 

 

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒    Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes  ☐    No  ☒

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes  ☐    No  ☒

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.     Yes  ☐    No  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

82-Not Applicable.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    HDFC BANK LIMITED
                (Registrant)
Date: 24th October, 2017     By   /s/ Sanjay Dongre
    Name:   Sanjay Dongre
    Title:   Executive Vice President (Legal) & Company Secretary


EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this Report pursuant to the General Instructions for Form 6-K.

Exhibit I

Description

Communication dated 24th October, 2017 addressed to The New York Stock Exchange, New York, United States of America (USA) intimating about Outcome of Board Meeting held on 24th October, 2017.


Exhibit I

24th October, 2017

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir / Madam,

Re: Financial Results for the Quarter and Half Year ended 30th September, 2017

We attach herewith a file containing the Financial Results for the second quarter (unaudited) and half year (audited) ended on 30th September, 2017, segment reporting and Press Release in this regard.

The aforesaid audited financial results have been submitted to the stock exchanges in India as per the listing requirements of those Stock Exchanges.

This is for your information and record.

Thanking you,

Yours faithfully,

For HDFC Bank Limited

Sd/-

Sanjay Dongre

Executive Vice President (Legal) &

Company Secretary

Encl. : a/a.


HDFC BANK LIMITED

FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2017

 

                                      ( in lacs)  
        Quarter ended
30.09.2017
    Quarter ended
30.06.2017
    Quarter ended
30.09.2016
    Half year ended
30.09.2017
    Half year ended
30.09.2016
    Year ended
31.03.2017
 
   

Particulars

  Unaudited     Unaudited     Unaudited     Audited     Audited     Audited  

1

  Interest Earned (a)+(b)+(c)+(d)     1967028       1866872       1706994       3833900       3358596       6930596  
  a) Interest / discount on advances / bills     1535575       1448606       1290136       2984181       2537217       5205526  
  b) Income on Investments     400646       389297       381807       789943       762731       1594434  
  c) Interest on balances with Reserve Bank of India and other inter bank funds     10649       10820       13967       21469       17988       53202  
  d) Others     20158       18149       21084       38307       40660       77434  

2

  Other Income     360590       351666       290095       712256       570756       1229649  

3

  Total Income (1)+(2)     2327618       2218538       1997089       4546156       3929352       8160245  

4

  Interest Expended     991821       929798       907635       1921619       1781093       3616674  

5

  Operating Expenses (i)+(ii)     554005       536746       486999       1090751       963885       1970332  
  i) Employees cost     171577       165751       165721       337328       324238       648366  
  ii) Other operating expenses (Refer Note 9)     382428       370995       321278       753423       639647       1321966  

6

  Total Expenditure (4)+(5) (excluding Provisions & Contingencies)     1545826       1466544       1394634       3012370       2744978       5587006  

7

  Operating Profit before Provisions and Contingencies (3)-(6)     781792       751994       602455       1533786       1184374       2573239  

8

  Provisions (other than tax) and Contingencies     147619       155876       74899       303495       161572       359330  

9

  Exceptional Items     —         —         —         —         —         —    

10

  Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)     634173       596118       527556       1230291       1022802       2213909  

11

  Tax Expense     219070       206734       182023       425804       353378       758943  

12

  Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)     415103       389384       345533       804487       669424       1454966  

13

  Extraordinary items (net of tax expense)     —         —         —         —         —         —    

14

  Net Profit / (Loss) for the period (12)-(13)     415103       389384       345533       804487       669424       1454966  

15

  Paid up equity share capital (Face Value of ` 2/- each)     51680       51478       50913       51680       50913       51251  

16

  Reserves excluding revaluation reserves               8894987  

17

  Analytical Ratios            
  (i) Percentage of shares held by Government of India     Nil       Nil       Nil       Nil       Nil       Nil  
  (ii) Capital Adequacy Ratio     15.1     15.6     15.4     15.1     15.4     14.6
  (iii) Earnings per share (`)            
  (a) Basic EPS before & after extraordinary items (net of tax expense)—not annualized     16.1       15.2       13.6       31.3       26.4       57.2  
  (b) Diluted EPS before & after extraordinary items (net of tax expense)—not annualized     15.9       15.0       13.4       30.9       26.1       56.4  
  (iv) NPA Ratios            
  (a) Gross NPAs     770284       724293       506904       770284       506904       588566  
  (b) Net NPAs     259683       252821       148885       259683       148885       184399  
  (c) % of Gross NPAs to Gross Advances     1.26     1.24     1.02     1.26     1.02     1.05
  (d) % of Net NPAs to Net Advances     0.43     0.44     0.30     0.43     0.30     0.33
  (v) Return on assets (average)—not annualized     0.47     0.46     0.46     0.93     0.92     1.88


Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank is as under:

 

                                        ( in lacs)  
    

Particulars

   Quarter ended
30.09.2017
    Quarter ended
30.06.2017
    Quarter ended
30.09.2016
    Half year ended
30.09.2017
    Half year ended
30.09.2016
    Year ended
31.03.2017
 
        Unaudited     Unaudited     Unaudited     Audited     Audited     Audited  

 1

   Segment Revenue             

a)

   Treasury      492717       474088       475719       966805       968004       2032618  

b)

   Retail Banking      1798234       1759229       1651316       3557463       3236580       6614750  

c)

   Wholesale Banking      1038220       937223       817228       1975443       1588794       3258785  

d)

   Other Banking Operations      277984       255117       212645       533101       407612       904669  

e)

   Unallocated      —         —         —         —         —         —    
  

Total

     3607155       3425657       3156908       7032812       6200990       12810822  
   Less: Inter Segment Revenue      1279537       1207119       1159819       2486656       2271638       4650577  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   Income from Operations      2327618       2218538       1997089       4546156       3929352       8160245  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 2

   Segment Results             

a)

   Treasury      42822       45739       33507       88561       85376       165911  

b)

   Retail Banking      263109       212238       200731       475347       390200       843216  

c)

   Wholesale Banking      271927       282190       253276       554117       483296       1012304  

d)

   Other Banking Operations      110909       98107       74350       209016       132871       336533  

e)

   Unallocated      (54594     (42156     (34308     (96750     (68941     (144055
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   Total Profit Before Tax      634173       596118       527556       1230291       1022802       2213909  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 3

   Segment Assets             

a)

   Treasury      27557908       26570417       25089308       27557908       25089308       26335640  

b)

   Retail Banking      33628360       31457133       28268880       33628360       28268880       29582892  

c)

   Wholesale Banking      28245767       27984965       22794021       28245767       22794021       27214883  

d)

   Other Banking Operations      3341673       3041526       2214545       3341673       2214545       2720588  

e)

   Unallocated      590025       511265       515941       590025       515941       530018  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   Total      93363733       89565306       78882695       93363733       78882695       86384021  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 4

   Segment Liabilities             

a)

   Treasury      4127964       3530332       4498097       4127964       4498097       3873249  

b)

   Retail Banking      54309020       53718130       48817836       54309020       48817836       52579290  

c)

   Wholesale Banking      22015850       19771198       15489707       22015850       15489707       19125490  

d)

   Other Banking Operations      440338       360425       287794       440338       287794       314274  

e)

   Unallocated      2876242       2759448       1733535       2876242       1733535       1545480  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   Total      83769414       80139533       70826969       83769414       70826969       77437783  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 5

   Capital Employed             
   (Segment Assets-Segment Liabilities)             

a)

   Treasury      23429944       23040085       20591211       23429944       20591211       22462391  

b)

   Retail Banking      (20680660     (22260997     (20548956     (20680660     (20548956     (22996398

c)

   Wholesale Banking      6229917       8213767       7304314       6229917       7304314       8089393  

d)

   Other Banking Operations      2901335       2681101       1926751       2901335       1926751       2406314  

e)

   Unallocated      (2286217     (2248183     (1217594     (2286217     (1217594     (1015462
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   Total      9594319       9425773       8055726       9594319       8055726       8946238  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.


Notes :

 

1 Statement of Assets and Liabilities as at September 30, 2017 is given below.

 

                   ( in lacs)  

Particulars

   As at
30.09.2017
     As at
30.09.2016
     As at
31.03.2017
 

CAPITAL AND LIABILITIES

   Audited      Audited      Audited  

Capital

     51680        50913        51251  

Reserves and Surplus

     9542639        8004813        8894987  

Deposits

     68934590        59173061        64363966  

Borrowings

     10153108        7703851        7402887  

Other Liabilities and Provisions

     4681716        3950057        5670930  
  

 

 

    

 

 

    

 

 

 

Total

     93363733        78882695        86384021  
  

 

 

    

 

 

    

 

 

 

ASSETS

        

Cash and Balances with Reserve Bank of India

     3594151        2925372        3789687  

Balances with Banks and Money at Call and Short notice

     988759        1787833        1105523  

Investments

     24027904        20602862        21446334  

Advances

     60486694        49441784        55456820  

Fixed Assets

     353287        351225        362675  

Other Assets

     3912938        3773619        4222982  
  

 

 

    

 

 

    

 

 

 

Total

     93363733        78882695        86384021  
  

 

 

    

 

 

    

 

 

 

 

2 The above results have been approved by the Board of Directors at its meeting held on October 24, 2017. The results for the half year ended September 30, 2017 have been audited by the Statutory Auditors of the Bank. An unqualified report has been issued by them thereon.
3 The Bank has followed the same significant accounting policies in the preparation of these financial results as those followed in the annual financial statements for the year ended March 31, 2017.
4 The figures for the quarter ended September 30, 2017 are the balancing figures between audited figures for half year ended September 30, 2017 and published figures for the quarter ended June 30, 2017.
5 During the quarter and half year ended September 30, 2017, the Bank allotted 10113300 and 21450900 shares respectively pursuant to the exercise of options under the approved employee stock option schemes.
6 During the half year ended September 30, 2017, the Bank raised Additional Tier 1 Capital bonds of 8,000 crore and Tier 2 Capital bonds of 2,000 crore.
7 RBI circular DBOD.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on ‘Basel III Capital Regulations’ read together with the RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated March 31, 2015 on ‘Prudential Guidelines on Capital Adequacy and Liquidity Standards—Amendments’ requires banks to make applicable Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III Framework. These disclosures are available on the Bank’s website at the following link: http://www.hdfcbank.com/aboutus/basel_disclosures/default.htm. The disclosures have not been subjected to audit or review by the statutory auditors.
8 Other income relates to income from non-fund based banking activities including commission, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments and recoveries from accounts written off.
9 Other operating expenses include commission paid to sales agents of 600.00 crore (previous period : 474.99 crore) and 1,130.21 crore (previous period : 932.85 crore) for the quarter and half year ended September 30, 2017 respectively and of 1,906.80 crore for the year ended March 31, 2017.
10 As at September 30, 2017, the total number of branches (including extension counters) and ATM network stood at 4,729 branches and 12,259 ATMs respectively.
11 The Bank had participated in a project loan (where the Bank had a 2.3% share) which underwent flexible structuring under the 5:25 regulatory framework as approved by the Joint Lenders Forum (JLF) in February 2016. The Bank is in ongoing discussions and correspondence with the regulator in relation to certain observations made on the implementation of the JLF-approved flexible structuring scheme. The conduct of this account with the Bank has been standard throughout. Nevertheless, in the interim, the Bank has made sufficient contingent provisions for this account as at September 30, 2017.
12 Pursuant to RBI circular FMRD.DIRD.10/14.03.002/2015-16 dated May 19, 2016, the Bank has included its repo / reverse repo transactions under Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) with RBI under ‘Borrowings from RBI’ / ‘Balances with RBI’, as the case may be. Hitherto, these transactions were netted from / included under ‘Investments’. Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period’s classification. The above change in classification has no impact on the profit of the Bank for the periods presented.


13 Figures of the previous period have been regrouped / reclassified wherever necessary to conform to current period’s classification.
14 10 lac = 1 million

10 million = 1 crore

 

Place : Mumbai    Aditya Puri
Date : October 24, 2017    Managing Director

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.


LOGO    NEWS RELEASE   

HDFC Bank Ltd.

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel,

Mumbai - 400 013.

HDFC Bank Limited

FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2017

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended September 30, 2017, at their meeting held in Mumbai on Tuesday, October 24, 2017. The accounts have been subjected to an audit by the statutory auditors of the Bank.

FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended September 30, 2017

The Bank’s total income for the quarter ended September 30, 2017 was  23,276.2 crore, up from  19,970.9 crore for the quarter ended September 30, 2016. Net revenues (net interest income plus other income) increased by 22.6% to  13,358.0 crore for the quarter ended September 30, 2017 from  10,894.5 crore in the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter ended September 30, 2017 grew by 22.0% to  9,752.1 crore, from  7,993.6 crore for the quarter ended September 30, 2016, driven by average asset growth of 17.6% and a core net interest margin for the quarter of 4.3%.

Other income (non-interest revenue) at  3,605.9 crore was 27.0% of the net revenues for the quarter ended September 30, 2017 and grew by 24.3% over  2,901.0 crore in the corresponding quarter ended September 30, 2016. The four components of other income for the quarter ended September 30, 2017 were fees & commissions of  2,614.0 crore ( 2,103.9 crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of  384.0 crore ( 295.0 crore for the corresponding quarter of the previous year), gain on revaluation / sale of investments of  355.9 crore ( 283.5 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend, of  252.0 crore ( 218.6 crore for the corresponding quarter of the previous year).


LOGO    NEWS RELEASE   

HDFC Bank Ltd.

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel,

Mumbai - 400 013.

 

Operating expenses for the quarter ended September 30, 2017 were  5,540.1 crore, an increase of 13.8% over  4,870.0 crore during the corresponding quarter of the previous year. The core cost-to-income ratio for the quarter was at 42.6% as against 45.9% for the corresponding quarter ended September 30, 2016.

Provisions and contingencies for the quarter ended September 30, 2017 were  1,476.2 crore (consisting of specific loan loss provisions  1,078.8 crore and general and other provisions  397.4 crore) as against  749.0 crore (consisting of specific loan loss provisions  640.7 crore and general and other provisions  108.3 crore) for the corresponding quarter ended September 30, 2016. Profit before tax for the quarter ended September 30, 2017 was up 20.2% to  6,341.7 crore.

After providing  2,190.7 crore for taxation, the Bank earned a net profit of  4,151.0 crore, an increase of 20.1% over the quarter ended September 30, 2016.

Balance Sheet: As of September 30, 2017

Total balance sheet size as of September 30, 2017 was  933,637 crore as against  788,827 crore as of September 30, 2016.

Total deposits as of September 30, 2017 were  689,346 crore, an increase of 16.5% over September 30, 2016. CASA deposits saw healthy growth with both savings account deposits and current account deposits each growing by 23.6% over the previous year to reach  197,655 crore and  97,825 crore respectively. Time deposits were at  393,866 crore, an increase of 11.7% over the previous year, resulting in CASA deposits comprising 42.9% of total deposits as on September 30, 2017.


LOGO    NEWS RELEASE   

HDFC Bank Ltd.

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel,

Mumbai - 400 013.

 

Total advances as of September 30, 2017 were  604,867 crore, an increase of 22.3% over September 30, 2016 (domestic advances grew by 26.8%). This loan growth was contributed by both segments of the Bank’s loan portfolio. As per regulatory [Basel 2] segment classification, retail loans grew by 21.6% and wholesale loans grew by 23.6% (as per internal business classification, the growth was 20.5% and 27.4% respectively). The loan mix between retail:wholesale was 55:45.

Half Year ended September 30, 2017

For the half year ended September 30, 2017, the Bank earned a total income of  45,461.6 crore as against  39,293.5 crore in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the six months ended September 30, 2017 were  26,245.4 crore, as against  21,482.6 crore for the six months ended September 30, 2016, an increase of 22.2%. Net profit for the half year ended September 30, 2017 was  8,044.9 crore, up by 20.2% over the corresponding half year ended September 30, 2016.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 15.1% as on September 30, 2017 (15.4% as on September 30, 2016) as against a regulatory requirement of 10.25% including Capital Conservation Buffer of 1.25%. Tier-I CAR was at 13.3% as of September 30, 2017 and as of September 30, 2016. During the quarter, the Reserve Bank of India designated the Bank as a Domestic Systemically Important Bank and the Bank will be required to maintain additional Common Equity Tier-I Capital of 0.15% effective April 1, 2018, which will increase to 0.20% effective April 1, 2019. Risk-weighted Assets were  738,465 crore ( 576,858 crore as on September 30, 2016).

NETWORK

As of September 30, 2017, the Bank’s distribution network was at 4,729 branches and 12,259 ATMs across 2,669 cities / towns as against 4,548 branches and 12,016 ATMs across 2,596 cities / towns as of September 30, 2016. Of the total branches, 52% are in semi-urban and rural areas.


LOGO    NEWS RELEASE   

HDFC Bank Ltd.

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel,

Mumbai - 400 013.

 

ASSET QUALITY

Gross non-performing assets were at 1.26% of gross advances as on September 30, 2017, as against 1.24% as on June 30, 2017 and 1.02% as on September 30, 2016. Net non-performing assets were at 0.4% of net advances as on September 30, 2017.

The Bank had participated in a project loan (where the Bank had a 2.3% share) which underwent flexible structuring under the 5:25 regulatory framework as approved by the Joint Lenders Forum (JLF) in February 2016. The Bank is in ongoing discussions and correspondence with the regulator in relation to certain observations made on the implementation of the JLF-approved flexible structuring scheme. The conduct of this account with the Bank has been standard throughout. Nevertheless, in the interim, the Bank has made sufficient contingent provisions for this account as at September 30, 2017.

Note:

 = Indian Rupees

1 crore = 10 million

All figures and ratios are in accordance with Indian GAAP.

BSE: 500180

NSE: HDFCBANK

NYSE: HDB

Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various Banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in Banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and Banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations.


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HDFC Bank Ltd.

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel,

Mumbai - 400 013.

 

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For media queries please contact:

Neeraj Jha

Head, Corporate Communication

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1308 (D) / 6652 1000 (B)

Fax: 91 - 22 - 2490 3168

Mobile: +91 93236 20828

neeraj.jha@hdfcBank.com

For investor queries please contact:

Bhavin Lakhpatwala

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1083 (D) / 6652 1000 (B)

Mobile: +91 74983 51730

bhavin.lakhpatwala@hdfcBank.com