Exhibit 99
April 26, 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.1.59 crore has been imposed on the Bank by Excise and Taxation Officer of State Tax, Haryana 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 | Excise and Taxation Officer of State Tax, Haryana | ||
| 2. | Period Involved | F.Y. 2018-19 | ||
| 3. | Nature and details of the action(s) taken, initiated or order(s) passed | Alleged short payment of Tax and disallowance 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. | 25-04-2024 | ||
| 5. | Details of the violation(s)/contravention(s) committed or alleged to be committed | Alleged short payment of tax and 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.31.25 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
