HDFC Bank Limited (HDB) 6-K Current report (foreign)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form6-K

Report of Foreign Private Issuer

Pursuant to Rule13a-16 or15d-16

under the Securities Exchange Act of 1934

For the month of July, 2019

Commission File Number001-15216

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 Form20-F orForm 40-F.Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1):    Yes  ☐    No  ☒

Note: RegulationS-T Rule 101(b)(1) only permits the submission in paper of a Form6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(7):    Yes  ☐    No  ☒

Note:RegulationS-T Rule 101(b)(7) only permits the submission in paper of a Form6-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 Form6-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 Rule12g3-2(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 Rule12g3-2(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: 23rd July, 2019	By	/s/ Augustine Quadros
		Name: Augustine Quadros
		Title: Senior Executive Vice President - Legal & Secretarial

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 Form6-K.

Exhibit    I

Description

Communication dated 22^nd July, 2019 addressed to The New York Stock Exchange, 11, Wall Street, New York, NY 10005, United States of America (USA) intimating about Financial Result of the Bank for quarter ended 30^th June, 2019.

Exhibit I

July 22, 2019

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sirs,

Re: Unaudited Financial Results of the Bank for the quarter ended June 30, 2019

We enclose herewith the Unaudited Standalone and Consolidated Financial Results of the Bank for the first quarter ended June 30, 2019, segment reporting, Press Release and the report of the Statutory Auditor in this regard. The results were duly approved by the Board of Directors at its meeting held on July 20, 2019.

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For HDFC Bank Limited

Sd/-

Augustine Quadros

Senior Executive Vice President- Legal & Secretarial

Encl: As above

HDFC BANK LIMITED

CIN : L65920MH1994PLC080618

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

Website: https://www.hdfcbank.com, Tel.:022- 6652 1000, Fax:022- 2496 0739

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2019

											(₹ in lacs)
		Quarter ended									Year ended 31.03.2019
		30.06.2019			31.03.2019			30.06.2018
Particulars		Unaudited			Audited (Refer note 4)			Unaudited			Audited
1	Interest Earned (a)+(b)+(c)+(d)		2739159			2633325			2254898			9897205
	a) Interest / discount on advances / bills		2180469			2101949			1739073			7754419
	b) Income on Investments		524779			504692			458929			1999746
	c) Interest on balances with Reserve Bank of India and other inter bank funds		17520			11150			33238			63570
	d) Others		16391			15534			23658			79470
2	Other Income		497025			487121			381806			1762587
3	Total Income (1)+(2)		3236184			3120446			2636704			11659792
4	Interest Expended		1409734			1324376			1173541			5072883
5	Operating Expenses (i)+(ii)		711726			711710			598388			2611937
	i) Employees cost		221738			207440			181051			776176
	ii) Other operating expenses		489988			504270			417337			1835761
6	Total Expenditure (4)+(5) (excluding Provisions and Contingencies)		2121460			2036086			1771929			7684820
7	Operating Profit before Provisions and Contingencies (3)-(6)		1114724			1084360			864775			3974972
8	Provisions (other than tax) and Contingencies		261366			188922			162937			755008
9	Exceptional Items		—			—			—			—
10	Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)		853358			895438			701838			3219964
11	Tax Expense		296542			306926			241694			1112150
12	Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)		556816			588512			460144			2107814
13	Extraordinary items (net of tax expense)		—			—			—			—
14	Net Profit / (Loss) for the period (12)-(13)		556816			588512			460144			2107814
15	Paid up equity share capital (Face Value of₹2/- each)		54656			54466			52083			54466
16	Reserves excluding revaluation reserves											14866166
17	Analytical Ratios
	(i) Percentage of shares held by Government of India		Nil			Nil			Nil			Nil
	(ii) Capital Adequacy Ratio		16.9	%		17.1	%		14.6	%		17.1	%
	(iii) Earnings per share (EPS) (₹) (Face Value of₹2/- each)
	(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized		20.4			21.6			17.7			78.6
	(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized		20.2			21.4			17.5			77.9
	(iv) NPA Ratios
	(a) Gross NPAs		1176895			1122416			953862			1122416
	(b) Net NPAs		356718			321452			290710			321452
	(c) % of Gross NPAs to Gross Advances		1.40	%		1.36	%		1.33	%		1.36	%
	(d) % of Net NPAs to Net Advances		0.43	%		0.39	%		0.41	%		0.39	%
	(v) Return on assets (average) - not annualized		0.46	%		0.51	%		0.44	%		1.90	%

Segment information in accordance with the Accounting Standard 17 - Segment Reporting of the operating segments of the Bank is as under:

											(₹ in lacs)
Particulars		Quarter ended									Year ended 31.03.2019
		30.06.2019			31.03.2019			30.06.2018
		Unaudited			Audited (Refer note 4)			Unaudited			Audited
1	Segment Revenue
a)	Treasury		629192			590094			528532			2357648
b)	Retail Banking		2492929			2401535			2040059			8922234
c)	Wholesale Banking		1505961			1457003			1237905			5456354
d)	Other Banking Operations		442965			424596			327863			1529943
e)	Unallocated		66			—			—			5278
	Total		5071113			4873228			4134359			18271457
	Less: Inter Segment Revenue		1834929			1752782			1497655			6611665
	Income from Operations		3236184			3120446			2636704			11659792
2	Segment Results
a)	Treasury		78153			59218			5045			130576
b)	Retail Banking		306714			317451			314468			1179627
c)	Wholesale Banking		332143			372483			315585			1422412
d)	Other Banking Operations		179647			191256			117238			679153
e)	Unallocated		(43299	)		(44970	)		(50498	)		(191804	)
	Total Profit Before Tax		853358			895438			701838			3219964
3	Segment Assets
a)	Treasury		35599098			34876621			30170308			34876621
b)	Retail Banking		44127240			42879092			38606584			42879092
c)	Wholesale Banking		40735586			40874972			34681446			40874972
d)	Other Banking Operations		5405812			5085471			3994672			5085471
e)	Unallocated		657549			737915			587899			737915
	Total		126525285			124454071			108040909			124454071
4	Segment Liabilities
a)	Treasury		4383589			6143885			5869806			6143885
b)	Retail Banking		76191655			73229496			62955796			73229496
c)	Wholesale Banking		27439197			27188713			25546051			27188713
d)	Other Banking Operations		542429			535706			429847			535706
e)	Unallocated		2404606			2435639			2472402			2435639
	Total		110961476			109533439			97273902			109533439
5	Capital Employed
	(Segment Assets-Segment Liabilities)
a)	Treasury		31215509			28732736			24300502			28732736
b)	Retail Banking		(32064415	)		(30350404	)		(24349212	)		(30350404	)
c)	Wholesale Banking		13296389			13686259			9135395			13686259
d)	Other Banking Operations		4863383			4549765			3564825			4549765
e)	Unallocated		(1747057	)		(1697724	)		(1884503	)		(1697724	)
	Total		15563809			14920632			10767007			14920632

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 the RBI.

Notes :

1 Statement of Assets and Liabilities as at June 30, 2019 is given below:

					(₹ in lacs)
Particulars	As at 30.06.2019		As at 30.06.2018		As at 31.03.2019
CAPITAL AND LIABILITIES	Unaudited		Unaudited		Audited
Capital		54656		52083		54466
Reserves and Surplus		15509153		10714924		14866166
Deposits		95455371		80578532		92314093
Borrowings		10089412		12102431		11708513
Other Liabilities and Provisions		5416693		4592939		5510833
Total		126525285		108040909		124454071
ASSETS
Cash and Balances with Reserve Bank of India		5771133		3958878		4676362
Balances with Banks and Money at Call and Short notice		2645660		1190508		3458401
Investments		29850324		27567865		29058788
Advances		82972981		70864869		81940122
Fixed Assets		402627		357615		403001
Other Assets		4882560		4101174		4917397
Total		126525285		108040909		124454071

2 The above financial results have been approved by the Board of Directors at its meeting held on July 20, 2019. The financial results for the quarter ended June 30, 2019 have been subjected to a “Limited Review” by the statutory auditors of the Bank. The report thereon is unmodified. The financial results for the quarter ended June 30, 2018 and the year ended March 31, 2019 were subjected to limited review and audit respectively by another firm of chartered accountants.

3 The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended March 31, 2019.

4 The figures for the quarter ended March 31, 2019 are the balancing figures between audited figures in respect of the financial year2018-19 and the published year to date figures upto December 31, 2018.

5 The shareholders of the Bank, at its Annual General Meeting held on July 12, 2019 have approved thesub-division (split) of one equity share of the Bank from nominal value of₹2/- each into 2 equity shares of nominal value of₹1/- each. The record date for thesub-division is September 20, 2019.

6 The shareholders of the Bank, at its Annual General Meeting held on July 12, 2019 have approved a dividend of₹15 per share (previous year :₹13 per share) for the year ended March 31, 2019. The Board of Directors at its meeting held on July 20, 2019 has declared a special interim dividend of₹5 per share to commemorate 25 years of the Bank’s operations. Effect of the said dividends has been reckoned in determining capital funds in the computation of the capital adequacy ratio.

7 During the quarter ended June 30, 2019, the Bank allotted 95,05,661 shares pursuant to the exercise of options under the approved employee stock option schemes.

8 Other income relates to income (including commission) fromnon-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, dividends from subsidiaries and recoveries from accounts previously written off.

9 Other operating expenses include commission paid to sales agents of₹719.83 crore (previous period:₹737.22 crore) for the quarter ended June 30, 2019.

10 Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period’s classification.

11 ₹10 lac =₹1 million

₹10 million =₹1 crore

Place : Mumbai	Aditya Puri
Date : July 20, 2019	Managing Director

HDFC BANK LIMITED

CIN : L65920MH1994PLC080618

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

Website: https://www.hdfcbank.com, Tel.:022- 6652 1000, Fax:022- 2496 0739

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2019

		(₹ in lacs)
		Quarter ended						Year ended 31.03.2019
		30.06.2019		31.03.2019		30.06.2018
Particulars		Unaudited		Audited (Refer note 5)		Unaudited		Audited
1	Interest Earned (a)+(b)+(c)+(d)		2917645		2804505		2397867		10516075
	a) Interest / discount on advances / bills		2356050		2272760		1881008		8373616
	b) Income on Investments		525042		502759		458945		1992475
	c) Interest on balances with Reserve Bank of India and other inter bank funds		18319		11928		33490		66062
	d) Others		18234		17058		24424		83922
2	Other Income		514800		521543		402139		1894705
3	Total Income (1)+(2)		3432445		3326048		2800006		12410780
4	Interest Expended		1497715		1406156		1241337		5371269
5	Operating Expenses (i)+(ii)		759813		755210		633806		2769476
	i) Employees cost		301745		272818		246813		1045115
	ii) Other operating expenses		458068		482392		386993		1724361
6	Total Expenditure (4)+(5) (excluding Provisions & Contingencies)		2257528		2161366		1875143		8140745
7	Operating Profit before Provisions and Contingencies (3)-(6)		1174917		1164682		924863		4270035
8	Provisions (Other than tax) and Contingencies		291434		206352		182870		838218
9	Exceptional Items		—		—		—		—
10	Profit / (Loss) from ordinary activities before tax (7)-(8)-(9)		883483		958330		741993		3431817
11	Tax Expense		314403		327278		259980		1187255
12	Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)		569080		631052		482013		2244562
13	Extraordinary items (net of tax expense)		—		—		—		—
14	Net Profit / (Loss) for the period (12)-(13)		569080		631052		482013		2244562
15	Less: Share of Profit / (Loss) of minority shareholders		1474		971		1178		11318
16	Consolidated Net Profit / (Loss) for the period (14)-(15)		567606		630081		480835		2233244
17	Paid up equity share capital (Face Value of₹2/- each)		54656		54466		52083		54466
18	Reserves excluding revaluation reserves								15312800
19	Analytical Ratios
	(i) Percentage of shares held by Government of India		Nil		Nil		Nil		Nil
	(ii) Earnings per share (EPS) (₹) (Face Value of₹2/- each)
	(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized		20.8		23.2		18.5		83.3
	(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized		20.6		22.9		18.3		82.5

Consolidated Segment information in accordance with the Accounting Standard 17 - Segment Reporting of the operating segments is as under:

											(₹ in lacs)
		Quarter ended									Year ended 31.03.2019
		30.06.2019			31.03.2019			30.06.2018
Particulars		Unaudited			Audited (Refer note 5)			Unaudited			Audited
1	Segment Revenue
a)	Treasury		629192			590094			528532			2357648
b)	Retail Banking		2492929			2401535			2040059			8922234
c)	Wholesale Banking		1505961			1457003			1237905			5456354
d)	Other banking operations		639226			630197			491165			2280931
e)	Unallocated		66			—			—			5278
	Total		5267374			5078829			4297661			19022445
	Less: Inter Segment Revenue		1834929			1752781			1497655			6611665
	Income from Operations		3432445			3326048			2800006			12410780
2	Segment Results
a)	Treasury		78153			59218			5045			130576
b)	Retail Banking		306714			317451			314468			1179627
c)	Wholesale Banking		332143			372483			315585			1422412
d)	Other banking operations		209772			254148			157393			891006
e)	Unallocated		(43299	)		(44970	)		(50498	)		(191804	)
	Total Profit Before Tax and Minority Interest		883483			958330			741993			3431817
3	Segment Assets
a)	Treasury		35599098			34876621			30170308			34876621
b)	Retail Banking		44127240			42879092			38606584			42879092
c)	Wholesale Banking		40735586			40874972			34681446			40874972
d)	Other banking operations		10385483			9911971			7994582			9911971
e)	Unallocated		657548			737915			587899			737915
	Total		131504955			129280571			112040819			129280571
4	Segment Liabilities
a)	Treasury		4383589			6143885			5869806			6143885
b)	Retail Banking		76191655			73229496			62955796			73229496
c)	Wholesale Banking		27439197			27188713			25546051			27188713
d)	Other banking operations		5018454			4865392			4050476			4865392
e)	Unallocated		2404605			2435640			2472402			2435640
	Total		115437500			113863126			100894531			113863126
5	Capital Employed
	(Segment Assets - Segment Liabilities)
a)	Treasury		31215509			28732736			24300502			28732736
b)	Retail Banking		(32064415	)		(30350404	)		(24349212	)		(30350404	)
c)	Wholesale Banking		13296389			13686259			9135395			13686259
d)	Other banking operations		5367029			5046578			3944106			5046578
e)	Unallocated		(1747057	)		(1697724	)		(1884503	)		(1697724	)
	Total		16067455			15417445			11146288			15417445

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 the RBI.

Notes:

1 Consolidated Statement of Assets and Liabilities as at June 30, 2019 is given below:

					(₹ in lacs)
Particulars	As at 30.06.2019		As at 30.06.2018		As at 31.03.2019
CAPITAL AND LIABILITIES	Unaudited		Unaudited		Audited
Capital		54656		52083		54466
Reserves and Surplus		15961900		11058587		15312800
Minority Interest		50899		35618		50179
Deposits		95377430		80535395		92250268
Borrowings		14367983		15531734		15773278
Other Liabilities and Provisions		5692087		4827402		5839580
Total		131504955		112040819		129280571
ASSETS
Cash and balances with Reserve Bank of India		5775699		3961258		4680459
Balances with Banks and Money at Call and Short notice		2751460		1237596		3501305
Investments		29462525		27152152		28691768
Advances		88093871		75138575		86922266
Fixed Assets		421257		377431		421984
Other Assets		5000143		4173807		5062789
Total		131504955		112040819		129280571

2 The above financial results represent the consolidated financial results for HDFC Bank Limited and its subsidiaries constituting the ‘Group’. These financial results have been approved by the Board of Directors of the Bank at its meeting held on July 20, 2019. The financial results for the quarter ended June 30, 2019 have been subjected to a “Limited Review” by the statutory auditors of the Bank. The report thereon is unmodified. The financial results for the year ended March 31, 2019 were audited by another firm of chartered accountants.

3 The above financial results are prepared in accordance with Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and Regulation 33 of Securities and Exchange Board of India (SEBI) (Listing Obligation and Disclosure Requirements, 2015).

4 The Group has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended March 31, 2019.

5 The figures for the quarter ended March 31, 2019 are the balancing figures between audited figures in respect of the financial year2018-19 and the unaudited year to date figures upto December 31, 2018. The financial results for the quarter ended June 30, 2018 are not reviewed / audited by the statutory auditors.

6 In accordance with RBI guidelines, banks are required to make consolidated 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.

7 Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period’s classification.

8 ₹10 lac =₹1 million

₹10 million =₹1 crore

Place : Mumbai Date : July 20, 2019 Aditya Puri Managing Director

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 ENDED JUNE 30, 2019

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended June 30, 2019, at their meeting held in Mumbai on Saturday, July 20, 2019. The accounts have been subjected to a ‘Limited Review’ by the statutory auditors of the Bank.

STANDALONE FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended June 30, 2019

The Bank’s total income for the quarter ended June 30, 2019 at₹32,361.8 crore grew by 22.7% from₹26,367.0 crore for the quarter ended June 30, 2018. Net revenues (net interest income plus other income) increased by 24.8% to₹18,264.5 crore for the quarter ended June 30, 2019 from₹14,631.6 crore in the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter ended June 30, 2019 grew by 22.9% to₹13,294.3 crore, from₹10,813.6 crore for the quarter ended June 30, 2018, driven by asset growth and a core net interest margin for the quarter of 4.3%.

Other income(non-interest revenue) at₹4,970.3 crore was 27.2% of the net revenues for the quarter ended June 30, 2019 and grew by 30.2% over₹3,818.1 crore in the corresponding quarter ended June 30, 2018. The four components of other income for the quarter ended June 30, 2019 were fees & commissions of₹3,551.6 crore (₹3,171.0 crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of₹576.7 crore (₹499.6 crore for the corresponding quarter of the previous year), gain on revaluation / sale of investments of₹212.0 crore (loss of₹283.2 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend, of₹630.0 crore (₹430.7 crore for the corresponding quarter of the previous year).

Operating expenses for the quarter ended June 30, 2019 were₹7,117.3 crore, an increase of 18.9% over₹5,983.9 crore during the corresponding quarter of the previous year. The corecost-to-income ratio for the quarter was at 39.4% as against 40.1% for the corresponding quarter ended June 30, 2018.

NEWS RELEASE   HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

Provisions and contingencies for the quarter ended June 30, 2019 were₹2,613.7 crore as against₹1,629.4 crore for the quarter ended June 30, 2018. The key components therein for the quarter ended June 30, 2019 were specific loan loss and contingent provisions of₹2,413.5crore (as against₹1,432.2 crore for the corresponding quarter of the previous year) and general provisions₹200.2 crore (as against₹183.2 crore for the corresponding quarter of the previous year). General provisions include additional provisions of₹85.9 crore for standard advances to the NBFC / HFC sector. Profit before tax (PBT) for the quarter ended June 30, 2019 was up 21.6% to₹8,533.6 crore. After providing₹2,965.4 crore for taxation, the Bank earned a net profit of₹5,568.2 crore, an increase of 21.0% over the quarter ended June 30, 2018.

Balance Sheet: As of June 30, 2019

Total balance sheet size as of June 30, 2019 was₹1,265,253 crore as against₹1,080,409 crore as of June 30, 2018.

Total deposits as of June 30, 2019 were₹954,554 crore, an increase of 18.5% over June 30, 2018. CASA deposits grew by 12.8% with savings account deposits at₹253,338 crore and current account deposits at₹125,663 crore. Time deposits were at₹575,553 crore, an increase of 22.5% over the previous year, resulting in CASA deposits comprising 39.7% of total deposits as of June 30, 2019. The Bank’s continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 126%, well above the regulatory requirement.

Total advances as of June 30, 2019 were₹829,730 crore, an increase of 17.1% over June 30, 2018. Advances to the vehicle loan segment, where sales volumes have seen some moderation, grew at 8.3% over the previous year. Domestic advances grew by 17.9% over June 30, 2018. As per regulatory [Basel 2] segment classification, domestic retail loans grew by 16.5% and domestic wholesale loans grew by 19.6%. The domestic loan mix as per Basel 2 classification between retail:wholesale was 54:46. Overseas advances constituted 3% of total advances.

NEWS RELEASE   HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 16.9% as on June 30, 2019 (14.6% as on June 30, 2018) as against a regulatory requirement of 11.075% which includes Capital Conservation Buffer of 1.875%, and an additional requirement of 0.20% on account of the Bank being identified as a Domestic Systemically Important Bank(D-SIB). Tier 1 CAR was at 15.6% as of June 30, 2019 compared to 13.1% as of June 30, 2018. Common Equity Tier 1 Capital ratio was at 14.8% as of June 30, 2019. Risk-weighted Assets were at₹965,635 crore (as against₹844,894 crore as at June 30, 2018).

DIVIDEND

The Board of Directors has declared a special interim dividend of₹5 per equity share of₹2 to commemorate 25 years of the Bank’s operations.

NETWORK

As of June 30, 2019, the Bank’s distribution network was at 5,130 banking outlets and 13,395 ATMs across 2,764 cities / towns as against 4,804 banking outlets and 12,808 ATMs across 2,700 cities / towns as of June 30, 2018. Of the total banking outlets, 53% are in semi-urban and rural areas. Number of employees were at 104,154 as of June 30, 2019 (as against 89,550 as of June 30, 2018).

ASSET QUALITY

Grossnon-performing assets were at 1.40% of gross advances as on June 30, 2019 (1.17% excluding NPAs in the agricultural segment) as against 1.33% as on June 30, 2018 (1.09% excluding NPAs in the agricultural segment). Netnon-performing assets were at 0.4% of net advances as on June 30, 2019. The Bank held floating provisions of₹1,451 crore as on June 30, 2019. Total provisions (comprising specific provisions, general provisions and floating provisions) were 115% of the grossnon-performing loans as on June 30, 2019.

SUBSIDIARIES

The financial results of the Bank’s subsidiary companies have been prepared in accordance with notified Indian Accounting Standards (‘Ind-AS’).

HDFC Securities Limited (HSL) is amongst the leading retail broking firms in India. As on June 30, 2019, the Bank held 97.3% stake in HSL.

NEWS RELEASE   HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

For the quarter ended June 30, 2019, HSL’s total income was₹189.3 crore as against₹193.5 crore for the quarter ended June 30, 2018. Profit after tax before other comprehensive income for the quarter was₹66.5 crore, as against₹72.6 crore in the previous quarter.

As on June 30, 2019 HSL had 269 branches across 161 cities / towns in the country.

HDB Financial Services Limited (HDBFSL) is anon-deposit takingnon-bank finance company (‘NBFC’) offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises. As on June 30, 2019, the Bank held 95.5% stake in HDBFSL.

As on June 30, 2019, HDBFSL’s balance sheet size was at₹58,833 crore. The gross loan book grew by 22.7% to₹56,287 crore as on June 30, 2019 (as against₹45,889 crore as of June 30, 2018).

For the quarter ended June 30, 2019, HDBFSL’s net interest income grew by 12.9% to₹962.7 crore (as against₹852.4 crore in the previous quarter). Profit after tax before other comprehensive income for the quarter ended June 30, 2019 was₹221.9 crore compared to₹228.0 crore in the previous quarter.

As on June 30, 2019, HDBFSL had 1,381 branches across 996 cities / towns.

Gross impaired loans were at 2.3% of gross loans and net impaired loans were at 1.7% of net loans as on June 30, 2019. Total CAR was at 18.1% withTier-I CAR at 12.5%.

CONSOLIDATED FINANCIAL RESULTS

The Bank’s consolidated financial results include the financial results of its subsidiary companies based on the recognition and measurement principles as per Indian GAAP.

The consolidated net profit for the quarter ended June 30, 2019 was₹5,676 crore, up 18.0%, over the quarter ended June 30, 2018. Consolidated advances grew by 17.2% from₹751,386 crore as on June 30, 2018 to₹880,939 crore as on June 30, 2019.

Note:

₹ = Indian Rupees

1 crore = 10 million

NEWS RELEASE   HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

All figures and ratios are in accordance with Indian GAAP unless otherwise specified.

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 ournon-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 UnitedStates-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.

For more information please log on to:www.hdfcbank.com

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:

Ajit Shetty

HDFC Bank Ltd., Mumbai.

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

Mobile: +91 74983 51730

ajit.shetty@hdfcbank.com