General Announcement::Intimation under Regulation 30 of SEBI Listing Regulations 2015

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
13-Feb-2024 13:38:56
Status
New
Announcement Sub Title
Intimation under Regulation 30 of SEBI Listing Regulations 2015
Announcement Reference
SG240213OTHRS1IB
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Effective Date and Time of the event
13/02/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, a penalty of Rs. 0.20 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Commercial Taxes, 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:

1. Name of the authority- Deputy Commissioner of State Tax, Commercial Taxes, West Bengal

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 CGST Act
4. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority- 12-February-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed - Disallowance 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. 3.64 crore (includes tax, interest and penalty)

The Bank is evaluating appropriate legal remedy, including appeal, as per law.

Attachments

SGX.pdf
Total size =507K