Exhibit 99
March 19, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub: Intimation
It is hereby informed that, a penalty of Rs.0.95 crore has been imposed on the Bank by Deputy Commissioner (State Tax), Tamil Nadu for matter/s mentioned in the below table.
Sr. | Particulars | Details | ||
| 1. | Name of the authority | Deputy Commissioner (State Tax), Tamil Nadu | ||
| 2. | Period Involved | F.Y. 2018-19 | ||
| 3. | Nature and details of the action(s) taken, initiated or order(s) passed | Disallowance of input tax credit -Order passed under section 73 of TNGST/CGST Act. | ||
| 4. | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | 19-March-2024 | ||
| 5. | Details of the violation(s)/contravention(s) committed or alleged to be committed | Alleged excess availment of input tax credit | ||
| 6. | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Rs.10.46 crore (includes tax and penalty) | ||
The Bank is evaluating appropriate legal remedy, including appeal, as per law.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary
