HDFC Bank Ltd.

With reference to its earlier intimations dated December 03, 2020 and February 02, 2021 with respect to the Order issued by Reserve Bank of India (RBI) dated December 02, 2020 (‘Order’) addressed to the Bank on certain incidents of outages in the internet banking / mobile banking / payment utilities of the Bank over the past 2 years. As a further update to the above intimations, HDFC Bank has informed that the RBI through its letter dated August 17, 2021 has relaxed the restriction placed on sourcing of new credit cards. The Board of Directors of the Bank has taken note of the said RBI letter. The restrictions on all new launches of the Digital Business generating activities planned under Digital 2.0 will continue till further review by RBI. The company will continue to engage with RBI and ensure compliance on all parameters.

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