General Announcement::Outcome of Board Meeting held on 20th April, 2019

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
23-Apr-2019 23:20:06
Status
New
Announcement Sub Title
Outcome of Board Meeting held on 20th April, 2019
Announcement Reference
SG190423OTHRL7A6
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Asst Vice President
Description (Please provide a detailed description of the event in the box below)
We attach herewith the Audited Financial Results for the quarter and year ended 31st March 2019 (both standalone and consolidated), segment reporting and summarized Balance Sheet as on 31st March, 2019, duly approved by the Board of Directors at its meeting held today. The press release in this regard is also enclosed.

The Board of Directors have recommended a dividend of Rs.15/- per equity share of Rs. 2/- each (i.e.750%) out of the net profits for the year ended 31st March, 2019, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank.

The Board of Directors have approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of up to a total amount of Rs. 50,000 crore in the period of next twelve months through private placement mode, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank and any other regulatory approvals as applicable.

Pursuant to the Regulations, we hereby confirm and declare that the Statutory Auditors of the Bank, M/s S. R. Batliboi & Co. LLP, Chartered Accountants (SRB), have issued the Audit Report on the Standalone and Consolidated financial results for the quarter and year ended 31st March, 2019 with unmodified opinion.

This is for your information and record.

Attachments

SGX Result.pdf
Total size =440K