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 April, 2023
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: April 03, 2023 | By | /s/ Santosh Haldankar | ||||
Name: Santosh Haldankar | ||||||
Title: 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
Intimation
April 03, 2023
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sirs,
Sub: Intimation
We would like to intimate the following:
| 1) | The Bank’s advances aggregated to approximately ₹ 16,005 billion as of March 31, 2023, a growth of around 16.9 % over ₹ 13,688 billion as of March 31, 2022, and a growth of around 6.2 % over ₹ 15,068 billion as of December 31, 2022. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank’s advances grew by around 21.3% over March 31, 2022, and around 6.5 % over December 31, 2022. |
As per the Bank’s internal business classification, domestic retail loans grew by around 21.0% over March 31, 2022 and around 5.0% over December 31, 2022; commercial & rural banking loans grew by around 30.0% over March 31, 2022 and around 9.5% over December 31, 2022; and corporate & other wholesale loans grew by around 12.5% over March 31, 2022 and by around 4.5% over December 31, 2022.
| 2) | The Bank’s deposits aggregated to approximately ₹ 18,835 billion as of March 31, 2023, a growth of around 20.8% over ₹ 15,592 billion as of March 31, 2022 and a growth of around 8.7% over ₹ 17,332 billion as of December 31, 2022. |
Retail deposits increased by around ₹ 1,067 billion during the quarter, and grew by around 23.5% over March 31, 2022 and around 7.5% over December 31, 2022; wholesale deposits grew by around 10.0% over March 31, 2022 and by around 15.5% over December 31, 2022.
| 3) | The Bank’s CASA deposits aggregated to approximately ₹ 8,360 billion as of March 31, 2023, a growth of around 11.3% over ₹ 7,510 billion as of March 31, 2022 and a growth of around 9.6% over ₹ 7,630 billion as of December 31, 2022. Retail CASA grew by around 12.5% over March 31, 2022 and around 7.5% over December 31, 2022. The Bank’s CASA ratio stood at around 44.0% as of March 31, 2023, as compared to 48.2% as of March 31, 2022 and 44.0% as of December 31, 2022. |
| 4) | During the quarter ended March 31, 2023, the Bank purchased loans aggregating ₹ 93.40 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited. |
The above information is subject to an audit by the statutory auditors of the Bank.
We request you to bring the above to the notice of all concerned.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary
Encl.:a/a.
