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 September, 2024

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 ☐

 

 

 

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: September 12, 2024     By:  

/s/ Ajay Agarwal

   

Name:  Ajay Agarwal

   

Title:   Company Secretary & Head – Group Oversight

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 No. 99

Description

Disclosure

Exhibit 99

September 12, 2024

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

We hereby inform that, a penalty of Rs. 1 crore has been imposed on the Bank by the Reserve Bank of India, for matter(s) mentioned in the below table.

 

Sr. no

   

Particulars

   

Details

1.

    Name of the authority    Reserve Bank of India

2.

    Period Involved    Financial position as on March 31, 2022

3.

    Nature and details of the action(s) taken, initiated or order(s) passed    Penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) of the Banking Regulation Act, 1949 and emanates from statutory inspections of the Bank with reference to its financial position as on March 31, 2022

4.

    Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority.    September 10, 2024

5.

    Details of the violation(s)/contravention(s) committed or alleged to be committed    RBI imposed the above penalty in view of non-compliance with the Reserve Bank directions on ‘lnterest Rate on Deposits’ and ‘Recovery Agents engaged by Banks’.

6.

    Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible    Rs. 1 crore (Rupees One crore only)

The Bank has already initiated / taken corrective measures, as necessary, to align the operations / procedures in line with the applicable regulations.

We request you to bring the above to the notice of all concerned.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary & Head – Group Oversight

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