HDFC Bank Ltd.

HDFC Bank has informed that the Reserve Bank of India (RBI) has, vide its order dated February 4, 2019, imposed a monetary penalty of Rs 2 million on the Bank for non-compliance with various directions issued by RBI on Know Your Customer (KYC)/ Anti-Money Laundering (AML) standards, more specifically those contained in their circulars dated November 29, 2004 and May 22, 2008. The Bank has since implemented corrective action to strengthen its internal control mechanisms so as to ensure that such incidents do not recur.

The above information is a part of company’s filings submitted to BSE.