HDFC Bank Ltd.

HDFC Bank has informed that the Reserve Bank of India (RBI) vide its letters dated February 05, 2024, has given its approval to HDFC Bank (which includes its group entities, HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company and others) to acquire ‘aggregate holding’ of up to 9.50% of the share capital or voting rights in the following Banks: Axis Bank; Suryoday Small Finance Bank; ICICI Bank; Bandhan Bank; Yes Bank; IndusInd Bank. The approvals were granted pursuant to applications made by HDFC Bank (as a promoter/ sponsor of the Group) to RBI on December 18, 2023. RBI’s approval is valid for a period of one year from the date of RBI’s letter, till February 4, 2025. Further HDFC Bank shall ensured that the ‘aggregate holding’ in the above?mentioned banks does not exceed 9.50% of the paid?up share capital or voting rights of the respective banks, at all times.

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