Exhibit 99
April 23, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir/ Madam,
Sub: Disclosure
It is hereby informed that, a penalty of Rs.0.04 crore has been imposed on the Bank by Deputy Commissioner of State Tax, West Bengal for matter/s mentioned in the below table.
The details as required to be provided as per sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations are as follows:
| Sr. no | Particulars | Details | ||
| 1. | Name of the authority | Deputy Commissioner of State Tax – West Bengal | ||
| 2. | Period Involved | F.Y. 2018-19 | ||
| 3. | Nature and details of the action(s) taken, initiated or order(s) passed | Alleged excess availment of input tax credit - Order passed under section 73 (9) of CGST Act. | ||
| 4. | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | 22-04-2024 | ||
| 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.0.78 crore (includes tax, interest 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
