General Announcement::Disclosure

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
12-Sep-2024 19:05:40
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240912OTHRPJ0N
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
Designation
Deputy Vice President
Effective Date and Time of the event
12/09/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
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.

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.

Attachments

SGX- RBI Penalty.pdf
Total size =471K