HDFC Bank Ltd

HDFC Bank Ltd has announced that its Board of Directors will convene on July 18, 2026. The primary agenda for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. Additionally, the bank has informed about a trading window closure for its designated employees and their immediate relatives, effective from June 24, 2026, until July 20, 2026, in compliance with the bank's share dealing code and SEBI regulations.

HDFC Bank announced that the Reserve Bank of India (RBI) has approved an extension for Mr. Keki Mistry's tenure as interim Part-time Chairman for three months, until September 18, 2026, or until a regular chairman is appointed. Additionally, the Bank's Board of Directors approved convening the 32nd Annual General Meeting (AGM) on August 5, 2026. At the AGM, shareholders will vote on a proposed dividend of ₹13 per equity share for the fiscal year ended March 31, 2026, with the payment date set for on or after August 6, 2026, subject to shareholder approval.

HDFC Bank, through its GIFT City IFSC Banking Unit, has successfully completed the issuance of USD 750 Million Senior Unsecured Bonds. The bonds, which are expected to be rated Baa3 by Moody's and BBB by S&P, have a tenure of 5 years, maturing on June 24, 2031. The coupon offered is 5.067% per annum, payable semi-annually. The proceeds will be utilized for general banking activities. The Notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.

HDFC Bank responded to queries from NSE and BSE regarding a news item about an internal probe into ₹45 crore interest payments to a state transport firm. The bank stated that its internal audit function regularly conducts reviews and addresses observations. HDFC Bank clarified that this specific matter does not have a material impact on its financial statements or internal controls, which are robust. Consequently, the bank believes no disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is triggered. The bank reaffirmed its commitment to high corporate governance standards and regulatory compliance.

HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to 9.95% of the paid-up share capital or voting rights in ICICI Bank and Kotak Mahindra Bank. The approval, granted via letters dated May 6, 2026, is valid until May 5, 2027. While HDFC Bank itself does not intend to invest, the application was made on behalf of its group entities, as their aggregate holding is likely to exceed the 5% limit. The investments by HDFC Bank group entities are in the normal course of their respective businesses.

HDFC Bank announced the retirement of Mr. Bhavesh Zaveri as an Executive Director, effective from the close of business hours on April 18, 2026. Mr. Zaveri joined the Bank in 1998 and held various critical positions, including Business Head – Wholesale Banking Operations, Group Head - Operations, and head of Information Technology. He was a key contributor to the Bank's growth, instrumental in developing its operations, digital footprint, and 'deep geography' strategy, which aided financial inclusion and the digital payment ecosystem, including participation in NPCI. The Board acknowledged his long and devoted service and significant contributions to the Bank and the broader banking industry.

HDFC Bank's Board of Directors, at its meeting on April 18, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The joint statutory auditors issued an unmodified audit opinion. The Board recommended a final dividend of ₹13.00 per equity share for FY26, bringing the total dividend for the year to ₹15.50 per share (including a special interim dividend of ₹2.50). The record date for the final dividend is June 19, 2026. Additionally, the Board approved the issuance of Perpetual Debt Instruments, Tier II Capital Bonds, and Long-Term Bonds up to ₹60,000 crore through private placement. Amendments to the Employee Stock Incentive Scheme, 2022, including extending its validity by five years until May 13, 2031, were also approved, subject to shareholder consent.

HDFC Bank's Board of Directors, at its meeting on April 18, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹13.00 per equity share for FY26, bringing the total dividend for the year to ₹15.50 per share (including a special interim dividend of ₹2.50). The record date for the final dividend is June 19, 2026. Additionally, the Board approved the issuance of Perpetual Debt Instruments, Tier II Capital Bonds, and Long-Term Bonds for infrastructure financing, totaling up to ₹60,000 crore, through private placement, subject to shareholder approval. Amendments to the Employee Stock Incentive Scheme, 2022, including a 5-year extension until May 13, 2031, were also approved, pending shareholder consent via Postal Ballot.

HDFC Bank's Board of Directors, at its meeting on April 16, 2026, approved an investment of up to ₹1,000 crore in the preferential issue of equity shares by its subsidiary, HDFC Life Insurance Company Limited. This investment will be made in one or more tranches and will comply with SEBI regulations regarding preferential issue pricing. The transaction is contingent upon receiving necessary regulatory approvals, including from the Reserve Bank of India. This move signifies HDFC Bank's continued strategic support and capital infusion into its life insurance arm.

HDFC Bank Ltd. has reported a growth of around 10.0% in its average advances under management for the March 2026 quarter, reaching ₹ 29,644 billion. The period end advances under management were approximately ₹ 30,575 billion, a growth of around 10.2% over the same period last year. The Bank's average deposits were ₹ 28,511 billion, a growth of around 12.8% over the corresponding period. The period end deposits were approximately ₹ 31,055 billion, a growth of around 14.4% over the previous year. The results of the Bank as of March 31, 2026, will be subjected to an audit by the statutory auditors.