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
09-Apr-2024 13:25:05
Status
New
Announcement Sub Title
Intimation under Regulation 30 of SEBI Listing Regulations, 2015
Announcement Reference
SG240409OTHRAC4G
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
Designation
Deputy Vice President
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.0.75 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Mumbai 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, Mumbai
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 (10) 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. 08-April-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.2.40 crore,includes tax, interest and penalty

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

This is for your information and appropriate dissemination.

Attachments

SGX.pdf
Total size =507K