HDFC Bank Ltd.

With reference to the letter / email dated September 22, 2021 seeking clarification on the news item ‘HDFC Bank to raise up to Rs 5,000 cr via infra bonds’. In this regard, HDFC Bank has informed that the Board of Directors of the Bank, at its meeting held on April 17, 2021, had approved the borrowing / raising funds in Indian currency by issue of Long Term Bonds (financing of infrastructure and affordable housing) in domestic market on a private placement basis within the limits permitted by the RBI, of an amount in aggregate not exceeding Rs 50,000 crores. The shareholders of the Bank, at its 27th Annual General Meeting held on July 17, 2021, have also approved the same. The stock exchanges were duly informed on both the instances. The Bank is now in the process of implementing the proposal, which has already been approved by the Board of Directors and Shareholders (as explained above). Refer to enclosed Outcome of the Board meeting held on April 17, 2021 filed by the Bank under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) and the Proceedings of the 27th AGM which were duly informed to the stock exchanges. To the best of its knowledge, the subject media news item does not warrant any disclosure under Regulation 30 of the SEBI LODR. The company has made requisite disclosures from time to time and will continue to make disclosures in compliance with its obligations under SEBI LODR.

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