Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of
1934. Yes ☐ No ☒
If
Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
HDFC BANK LIMITED
|
|
|
|
|
(Registrant)
|
|
|
|
|
Date: 23
rd
April, 2018
|
|
|
|
By
|
|
/s/
Sanjay Dongre
|
|
|
|
|
Name: Sanjay Dongre
|
|
|
|
|
Title: Executive Vice President (Legal) & Company Secretary
|
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this Report pursuant to the General
Instructions for Form
6-K.
Exhibit
I
Description
Communication dated 21
st
April, 2018 addressed to The New York Stock Exchange, New York, United States of America (USA) intimating about Outcome of Board Meeting held on
21
st
April, 2018.
Exhibit I
21
st
April, 2018
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir / Madam,
Re: Outcome of Board Meeting held on 21
st
April, 2018
We attach herewith the Audited Financial Results for the quarter and year ended 31
st
March 2018 (both
standalone and consolidated), segment reporting and summarized Balance Sheet as on 31
st
March, 2018, 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.13/- per equity share of Rs. 2/- each (i.e. 650%) out of the net
profits for the year ended 31
st
March, 2018, 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. Deloitte, Haskins & Sells, Chartered Accountants, have issued the Audit Report on the Standalone and Consolidated financial results for the quarter and year ended 31
st
March, 2018 with unmodified opinion.
This is for your information and record.
|
Thanking you,
|
|
Yours faithfully,
|
|
For HDFC Bank Limited
|
Sd/-
|
Sanjay Dongre
|
Executive Vice President (Legal) &
Company Secretary
|
Encl : a/a.
HDFC BANK LIMITED
FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
|
|
|
|
Quarter ended
31.03.2018
|
|
|
Quarter ended
31.12.2017
|
|
|
Quarter ended
31.03.2017
|
|
|
Year ended
31.03.2018
|
|
|
Year ended
31.03.2017
|
|
|
|
Particulars
|
|
Audited
(Refer note 4)
|
|
|
Unaudited
|
|
|
Audited
(Refer note 4)
|
|
|
Audited
|
|
|
Audited
|
|
1
|
|
Interest Earned (a)+(b)+(c)+(d)
|
|
|
2132108
|
|
|
|
2058127
|
|
|
|
1811440
|
|
|
|
8024135
|
|
|
|
6930596
|
|
|
|
a) Interest / discount on advances / bills
|
|
|
1666337
|
|
|
|
1615661
|
|
|
|
1350745
|
|
|
|
6266179
|
|
|
|
5205526
|
|
|
|
b) Income on Investments
|
|
|
422264
|
|
|
|
410030
|
|
|
|
426769
|
|
|
|
1622237
|
|
|
|
1594434
|
|
|
|
c) Interest on balances with Reserve Bank of India and other inter bank funds
|
|
|
19681
|
|
|
|
11238
|
|
|
|
16526
|
|
|
|
52388
|
|
|
|
53202
|
|
|
|
d) Others
|
|
|
23826
|
|
|
|
21198
|
|
|
|
17400
|
|
|
|
83331
|
|
|
|
77434
|
|
2
|
|
Other Income
|
|
|
422858
|
|
|
|
386917
|
|
|
|
344626
|
|
|
|
1522031
|
|
|
|
1229649
|
|
3
|
|
Total Income (1)+(2)
|
|
|
2554966
|
|
|
|
2445044
|
|
|
|
2156066
|
|
|
|
9546166
|
|
|
|
8160245
|
|
4
|
|
Interest Expended
|
|
|
1066337
|
|
|
|
1026693
|
|
|
|
905930
|
|
|
|
4014649
|
|
|
|
3616674
|
|
5
|
|
Operating Expenses (i)+(ii)
|
|
|
605063
|
|
|
|
573222
|
|
|
|
522196
|
|
|
|
2269036
|
|
|
|
1970332
|
|
|
|
i) Employees cost
|
|
|
174120
|
|
|
|
169126
|
|
|
|
155265
|
|
|
|
680574
|
|
|
|
648366
|
|
|
|
ii) Other operating expenses (Refer Note 11)
|
|
|
430943
|
|
|
|
404096
|
|
|
|
366931
|
|
|
|
1588462
|
|
|
|
1321966
|
|
6
|
|
Total Expenditure (4)+(5) (excluding Provisions & Contingencies)
|
|
|
1671400
|
|
|
|
1599915
|
|
|
|
1428126
|
|
|
|
6283685
|
|
|
|
5587006
|
|
7
|
|
Operating Profit before Provisions and Contingencies
(3)-(6)
|
|
|
883566
|
|
|
|
845129
|
|
|
|
727940
|
|
|
|
3262481
|
|
|
|
2573239
|
|
8
|
|
Provisions (other than tax) and Contingencies
|
|
|
154110
|
|
|
|
135144
|
|
|
|
126180
|
|
|
|
592749
|
|
|
|
359330
|
|
9
|
|
Exceptional Items
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10
|
|
Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)
|
|
|
729456
|
|
|
|
709985
|
|
|
|
601760
|
|
|
|
2669732
|
|
|
|
2213909
|
|
11
|
|
Tax Expense
|
|
|
249528
|
|
|
|
245725
|
|
|
|
202751
|
|
|
|
921057
|
|
|
|
758943
|
|
12
|
|
Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)
|
|
|
479928
|
|
|
|
464260
|
|
|
|
399009
|
|
|
|
1748675
|
|
|
|
1454966
|
|
13
|
|
Extraordinary items (net of tax expense)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14
|
|
Net Profit / (Loss) for the period (12)-(13)
|
|
|
479928
|
|
|
|
464260
|
|
|
|
399009
|
|
|
|
1748675
|
|
|
|
1454966
|
|
15
|
|
Paid up equity share capital (Face Value of
₹
2/- each)
|
|
|
51902
|
|
|
|
51802
|
|
|
|
51251
|
|
|
|
51902
|
|
|
|
51251
|
|
16
|
|
Reserves excluding revaluation reserves
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10577601
|
|
|
|
8894987
|
|
17
|
|
Analytical Ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Percentage of shares held by Government of India
|
|
|
Nil
|
|
|
|
Nil
|
|
|
|
Nil
|
|
|
|
Nil
|
|
|
|
Nil
|
|
|
|
(ii) Capital Adequacy Ratio
|
|
|
14.8
|
%
|
|
|
15.5
|
%
|
|
|
14.6
|
%
|
|
|
14.8
|
%
|
|
|
14.6
|
%
|
|
|
(iii) Earnings per share (
₹
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized
|
|
|
18.5
|
|
|
|
17.9
|
|
|
|
15.6
|
|
|
|
67.8
|
|
|
|
57.2
|
|
|
|
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized
|
|
|
18.3
|
|
|
|
17.7
|
|
|
|
15.4
|
|
|
|
66.8
|
|
|
|
56.4
|
|
|
|
(iv) NPA Ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Gross NPAs
|
|
|
860697
|
|
|
|
823488
|
|
|
|
588566
|
|
|
|
860697
|
|
|
|
588566
|
|
|
|
(b) Net NPAs
|
|
|
260102
|
|
|
|
277366
|
|
|
|
184399
|
|
|
|
260102
|
|
|
|
184399
|
|
|
|
(c) % of Gross NPAs to Gross Advances
|
|
|
1.30
|
%
|
|
|
1.29
|
%
|
|
|
1.05
|
%
|
|
|
1.30
|
%
|
|
|
1.05
|
%
|
|
|
(d) % of Net NPAs to Net Advances
|
|
|
0.40
|
%
|
|
|
0.44
|
%
|
|
|
0.33
|
%
|
|
|
0.40
|
%
|
|
|
0.33
|
%
|
|
|
(v) Return on assets (average) - not annualized
|
|
|
0.50
|
%
|
|
|
0.50
|
%
|
|
|
0.48
|
%
|
|
|
1.93
|
%
|
|
|
1.88
|
%
|
Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating
segments of the Bank is as under:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
Particulars
|
|
Quarter ended
31.03.2018
|
|
|
Quarter ended
31.12.2017
|
|
|
Quarter ended
31.03.2017
|
|
|
Year ended
31.03.2018
|
|
|
Year ended
31.03.2017
|
|
|
Audited
(Refer note 4)
|
|
|
Unaudited
|
|
|
Audited
(Refer note 4)
|
|
|
Audited
|
|
|
Audited
|
|
1
|
|
Segment Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
513629
|
|
|
|
503703
|
|
|
|
547047
|
|
|
|
1984137
|
|
|
|
2032618
|
|
b)
|
|
Retail Banking
|
|
|
1957522
|
|
|
|
1869320
|
|
|
|
1683063
|
|
|
|
7384305
|
|
|
|
6614750
|
|
c)
|
|
Wholesale Banking
|
|
|
1096443
|
|
|
|
1078527
|
|
|
|
842243
|
|
|
|
4150413
|
|
|
|
3258785
|
|
d)
|
|
Other Banking Operations
|
|
|
366371
|
|
|
|
326442
|
|
|
|
263975
|
|
|
|
1225914
|
|
|
|
904669
|
|
e)
|
|
Unallocated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
3933965
|
|
|
|
3777992
|
|
|
|
3336328
|
|
|
|
14744769
|
|
|
|
12810822
|
|
|
|
Less: Inter Segment Revenue
|
|
|
1378999
|
|
|
|
1332948
|
|
|
|
1180262
|
|
|
|
5198603
|
|
|
|
4650577
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from Operations
|
|
|
2554966
|
|
|
|
2445044
|
|
|
|
2156066
|
|
|
|
9546166
|
|
|
|
8160245
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Segment Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
24204
|
|
|
|
41235
|
|
|
|
42655
|
|
|
|
154000
|
|
|
|
165911
|
|
b)
|
|
Retail Banking
|
|
|
291824
|
|
|
|
230001
|
|
|
|
222172
|
|
|
|
997172
|
|
|
|
843216
|
|
c)
|
|
Wholesale Banking
|
|
|
278681
|
|
|
|
339253
|
|
|
|
259434
|
|
|
|
1172051
|
|
|
|
1012304
|
|
d)
|
|
Other Banking Operations
|
|
|
185253
|
|
|
|
154521
|
|
|
|
109334
|
|
|
|
548790
|
|
|
|
336533
|
|
e)
|
|
Unallocated
|
|
|
(50506
|
)
|
|
|
(55025
|
)
|
|
|
(31835
|
)
|
|
|
(202281
|
)
|
|
|
(144055
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Profit Before Tax
|
|
|
729456
|
|
|
|
709985
|
|
|
|
601760
|
|
|
|
2669732
|
|
|
|
2213909
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
Segment Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
35089438
|
|
|
|
26447291
|
|
|
|
26335640
|
|
|
|
35089438
|
|
|
|
26335640
|
|
b)
|
|
Retail Banking
|
|
|
37190659
|
|
|
|
34979225
|
|
|
|
29582892
|
|
|
|
37190659
|
|
|
|
29582892
|
|
c)
|
|
Wholesale Banking
|
|
|
29704057
|
|
|
|
29172014
|
|
|
|
27214883
|
|
|
|
29704057
|
|
|
|
27214883
|
|
d)
|
|
Other Banking Operations
|
|
|
3759549
|
|
|
|
3633910
|
|
|
|
2720588
|
|
|
|
3759549
|
|
|
|
2720588
|
|
e)
|
|
Unallocated
|
|
|
649728
|
|
|
|
675500
|
|
|
|
530018
|
|
|
|
649728
|
|
|
|
530018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
106393431
|
|
|
|
94907940
|
|
|
|
86384021
|
|
|
|
106393431
|
|
|
|
86384021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
Segment Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
5534970
|
|
|
|
4653686
|
|
|
|
3873249
|
|
|
|
5534970
|
|
|
|
3873249
|
|
b)
|
|
Retail Banking
|
|
|
59878546
|
|
|
|
55962663
|
|
|
|
52579290
|
|
|
|
59878546
|
|
|
|
52579290
|
|
c)
|
|
Wholesale Banking
|
|
|
27028720
|
|
|
|
21214705
|
|
|
|
19125490
|
|
|
|
27028720
|
|
|
|
19125490
|
|
d)
|
|
Other Banking Operations
|
|
|
408150
|
|
|
|
428484
|
|
|
|
314274
|
|
|
|
408150
|
|
|
|
314274
|
|
e)
|
|
Unallocated
|
|
|
2913542
|
|
|
|
2542143
|
|
|
|
1545480
|
|
|
|
2913542
|
|
|
|
1545480
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
95763928
|
|
|
|
84801681
|
|
|
|
77437783
|
|
|
|
95763928
|
|
|
|
77437783
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
Capital Employed
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Segment Assets-Segment Liabilities)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
29554468
|
|
|
|
21793605
|
|
|
|
22462391
|
|
|
|
29554468
|
|
|
|
22462391
|
|
b)
|
|
Retail Banking
|
|
|
(22687887
|
)
|
|
|
(20983438
|
)
|
|
|
(22996398
|
)
|
|
|
(22687887
|
)
|
|
|
(22996398
|
)
|
c)
|
|
Wholesale Banking
|
|
|
2675337
|
|
|
|
7957309
|
|
|
|
8089393
|
|
|
|
2675337
|
|
|
|
8089393
|
|
d)
|
|
Other Banking Operations
|
|
|
3351399
|
|
|
|
3205426
|
|
|
|
2406314
|
|
|
|
3351399
|
|
|
|
2406314
|
|
e)
|
|
Unallocated
|
|
|
(2263814
|
)
|
|
|
(1866643
|
)
|
|
|
(1015462
|
)
|
|
|
(2263814
|
)
|
|
|
(1015462
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
10629503
|
|
|
|
10106259
|
|
|
|
8946238
|
|
|
|
10629503
|
|
|
|
8946238
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Segments have been identified and reported taking into account the target customer profile, the nature of products
and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.
Regd. Office : HDFC
Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Notes :
1
|
Statement of Assets and Liabilities as at March 31, 2018 is given below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
Particulars
|
|
As at
31.03.2018
|
|
|
As at
31.03.2017
|
|
CAPITAL AND LIABILITIES
|
|
|
Audited
|
|
|
|
Audited
|
|
Capital
|
|
|
51902
|
|
|
|
51251
|
|
Reserves and Surplus
|
|
|
10577601
|
|
|
|
8894987
|
|
Deposits
|
|
|
78877064
|
|
|
|
64363966
|
|
Borrowings
|
|
|
12310497
|
|
|
|
7402887
|
|
Other Liabilities and Provisions
|
|
|
4576367
|
|
|
|
5670930
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
106393431
|
|
|
|
86384021
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Cash and Balances with Reserve Bank of India
|
|
|
10467047
|
|
|
|
3789687
|
|
Balances with Banks and Money at Call and Short notice
|
|
|
1824460
|
|
|
|
1105523
|
|
Investments
|
|
|
24220024
|
|
|
|
21446334
|
|
Advances
|
|
|
65833309
|
|
|
|
55456820
|
|
Fixed Assets
|
|
|
360721
|
|
|
|
362675
|
|
Other Assets
|
|
|
3687870
|
|
|
|
4222982
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
106393431
|
|
|
|
86384021
|
|
|
|
|
|
|
|
|
|
|
2
|
The above results have been approved by the Board of Directors of the Bank at its meeting held on April 21, 2018. There are no qualifications in the auditors report for the year ended March 31, 2018. The
information presented above is extracted from the audited financial statements.
|
3
|
The Bank has consistently applied its significant accounting policies in the preparation of its quarterly financial results and its annual financial statements during the years ended March 31, 2018 and
March 31, 2017.
|
4
|
The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third
quarter of the respective financial year.
|
5
|
The Board of Directors at their meeting proposed a dividend of
₹
13 per share, subject to the approval of the members at the ensuing Annual General Meeting. In terms of
revised Accounting Standard (AS) 4 Contingencies and Events occurring after the Balance sheet date as notified by the Ministry of Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, the Bank
has not appropriated proposed dividend (including tax) aggregating
₹
4,067.07 crore (previous year:
₹
3,392.71 crore) from Statement of Profit and Loss for the
year ended March 31, 2018. However, the effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratio as at March 31, 2018 and March 31, 2017.
|
6
|
During the quarter and year ended March 31, 2018, the Bank allotted 4966650 and 32544550 shares respectively pursuant to the exercise of options under the approved employee stock option schemes.
|
7
|
During the year ended March 31, 2018, the Bank raised Additional Tier 1 Capital bonds of
₹
8,000 crore and Tier 2 Capital bonds of
₹
2,000 crore.
|
8
|
The Board of Directors of the Bank, at their meeting held on December 20, 2017 approved the raising of funds aggregating up to
₹
24,000 crore, of which an amount up to a
maximum of
₹
8,500 crore shall be through the issuance of equity shares of face value of
₹
2/- each pursuant to a preferential issue to Housing Development
Finance Corporation Limited (the Banks promoters) and the balance shall be through the issuance of equity shares/ convertible securities/ depository receipts pursuant to a Qualified Institutions Placement (QIP)/ American Depository Receipts
(ADR)/ Global Depository Receipt (GDR) program. The said raising of funds was approved by the shareholders of the Bank at its Extra Ordinary General meeting held on January 19, 2018 and is subject to the receipt of all relevant regulatory
approvals.
|
9
|
In accordance with RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III Framework. The Banks Pillar 3 disclosures are available
on its website at the following link: http://www.hdfcbank.com/aboutus/basel_disclosures/default.htm. These Pillar 3 disclosures have not been subjected to audit or review by the statutory auditors.
|
10
|
Other income relates to income from
non-fund
based banking activities including commission, fees, earnings from foreign exchange and derivative transactions, profit and loss
(including revaluation) from investments and recoveries from accounts previously written off.
|
11
|
Other operating expenses include commission paid to sales agents of
₹
660.44 crore (previous period:
₹
508.65 crore) and
₹
2,427.96 crore (previous year:
₹
1,906.80 crore) for the quarter and year ended March 31, 2018 respectively.
|
12
|
RBI circular
DBR.No.BP.BC.102/21.04.048/2017-18
dated April 2, 2018 grants banks an option to spread provisioning for mark to market losses on investments held in AFS and HFT
for the quarters ended December 31, 2017 and March 31, 2018. The circular states that the provisioning for each of these quarters may be spread equally over up to four quarters, commencing with the quarter in which the loss was incurred.
The Bank has recognised the entire net mark to market loss on investments in the respective quarters and has not availed of the said option.
|
13
|
As at March 31, 2018, the total number of banking outlets and ATMs were 4,787 and 12,635 respectively.
|
14
|
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current periods classification.
|
15
|
₹
10 lac =
₹
1 million
|
₹
10 million =
₹
1 crore
|
|
|
|
|
Place : Mumbai
|
|
Aditya Puri
|
Date : April 21, 2018
|
|
Managing Director
|
Regd. Office : HDFC
Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
HDFC BANK LIMITED GROUP
CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
|
|
Particulars
|
|
Year ended
31-03-2018
|
|
|
Year ended
31-03-2017
|
|
|
|
|
Audited
|
|
|
Audited
|
|
1
|
|
Interest Earned (a)+(b)+(c)+(d)
|
|
|
8528785
|
|
|
|
7327136
|
|
|
|
a) Interest / discount on advances / bills
|
|
|
6765890
|
|
|
|
5598618
|
|
|
|
b) Income on Investments
|
|
|
1622979
|
|
|
|
1595156
|
|
|
|
c) Interest on balances with Reserve Bank of India and other inter bank funds
|
|
|
54062
|
|
|
|
54486
|
|
|
|
d) Others
|
|
|
85854
|
|
|
|
78876
|
|
2
|
|
Other Income
|
|
|
1605660
|
|
|
|
1287763
|
|
3
|
|
TOTAL INCOME (1)+(2)
|
|
|
10134445
|
|
|
|
8614899
|
|
4
|
|
Interest Expended
|
|
|
4238148
|
|
|
|
3804158
|
|
5
|
|
Operating Expenses (i)+(ii)
|
|
|
2392722
|
|
|
|
2075107
|
|
|
|
i) Employees cost
|
|
|
919390
|
|
|
|
850470
|
|
|
|
ii) Other operating expenses
|
|
|
1473332
|
|
|
|
1224637
|
|
6
|
|
TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies)
|
|
|
6630870
|
|
|
|
5879265
|
|
7
|
|
Operating Profit before Provisions and Contingencies (3)-(6)
|
|
|
3503575
|
|
|
|
2735634
|
|
8
|
|
Provisions (Other than tax) and Contingencies
|
|
|
657182
|
|
|
|
399081
|
|
9
|
|
Exceptional Items
|
|
|
|
|
|
|
|
|
10
|
|
Profit / (Loss) from ordinary activities before tax (7)-(8)-(9)
|
|
|
2846393
|
|
|
|
2336553
|
|
11
|
|
Tax Expense
|
|
|
990308
|
|
|
|
807812
|
|
12
|
|
Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)
|
|
|
1856085
|
|
|
|
1528741
|
|
13
|
|
Extraordinary items (net of tax expense)
|
|
|
|
|
|
|
|
|
14
|
|
Net Profit / (Loss) for the year (12)-(13)
|
|
|
1856085
|
|
|
|
1528741
|
|
15
|
|
Minority Interest
|
|
|
5134
|
|
|
|
3672
|
|
16
|
|
Share in profits of associates
|
|
|
52
|
|
|
|
234
|
|
17
|
|
Consolidated Profit / (Loss) for the year attributable to the Group (14)-(15)+(16)
|
|
|
1851003
|
|
|
|
1525303
|
|
18
|
|
Paid up equity share capital (Face Value of
₹
2/- each)
|
|
|
51902
|
|
|
|
51251
|
|
19
|
|
Reserves excluding revaluation reserves
|
|
|
10908011
|
|
|
|
9128144
|
|
20
|
|
Analytical Ratios
|
|
|
|
|
|
|
|
|
|
|
(i) Percentage of shares held by Government of India
|
|
|
Nil
|
|
|
|
Nil
|
|
|
|
(ii) Earnings per share (
₹
)
|
|
|
|
|
|
|
|
|
|
|
(a) Basic EPS before & after extraordinary items (net of tax expense)
|
|
|
71.7
|
|
|
|
60.0
|
|
|
|
(b) Diluted EPS before & after extraordinary items (net of tax expense)
|
|
|
70.8
|
|
|
|
59.2
|
|
Consolidated Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the
operating segments of the Group is as under:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
Particulars
|
|
Year ended
31-03-2018
|
|
|
Year ended
31-03-2017
|
|
|
Audited
|
|
|
Audited
|
|
1
|
|
Segment Revenue
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
1984137
|
|
|
|
2032618
|
|
b)
|
|
Retail Banking
|
|
|
7384305
|
|
|
|
6614750
|
|
c)
|
|
Wholesale Banking
|
|
|
4150413
|
|
|
|
3258785
|
|
d)
|
|
Other banking operations
|
|
|
1814193
|
|
|
|
1359323
|
|
|
|
Total
|
|
|
15333048
|
|
|
|
13265476
|
|
|
|
Less: Inter Segment Revenue
|
|
|
5198603
|
|
|
|
4650577
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from Operations
|
|
|
10134445
|
|
|
|
8614899
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Segment Results
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
154000
|
|
|
|
165911
|
|
b)
|
|
Retail Banking
|
|
|
997172
|
|
|
|
843216
|
|
c)
|
|
Wholesale Banking
|
|
|
1172051
|
|
|
|
1012304
|
|
d)
|
|
Other banking operations
|
|
|
725451
|
|
|
|
459177
|
|
e)
|
|
Unallocated
|
|
|
(202281
|
)
|
|
|
(144055
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Profit Before Tax, Minority Interest & Earnings from Associates
|
|
|
2846393
|
|
|
|
2336553
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
Segment Assets
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
35089438
|
|
|
|
26335640
|
|
b)
|
|
Retail Banking
|
|
|
37190659
|
|
|
|
29582892
|
|
c)
|
|
Wholesale Banking
|
|
|
29704057
|
|
|
|
27214883
|
|
d)
|
|
Other banking operations
|
|
|
7684735
|
|
|
|
5570983
|
|
e)
|
|
Unallocated
|
|
|
649728
|
|
|
|
530018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
110318617
|
|
|
|
89234416
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
Segment Liabilities
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
5534970
|
|
|
|
3873249
|
|
b)
|
|
Retail Banking
|
|
|
59878546
|
|
|
|
52579290
|
|
c)
|
|
Wholesale Banking
|
|
|
27028720
|
|
|
|
19125490
|
|
d)
|
|
Other banking operations
|
|
|
3967293
|
|
|
|
2902368
|
|
e)
|
|
Unallocated
|
|
|
2913542
|
|
|
|
1545480
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
99323071
|
|
|
|
80025877
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
Capital Employed
|
|
|
|
|
|
|
|
|
|
|
(Segment Assets - Segment Liabilities)
|
|
|
|
|
|
|
|
|
a)
|
|
Treasury
|
|
|
29554468
|
|
|
|
22462391
|
|
b)
|
|
Retail Banking
|
|
|
(22687887
|
)
|
|
|
(22996398
|
)
|
c)
|
|
Wholesale Banking
|
|
|
2675337
|
|
|
|
8089393
|
|
d)
|
|
Other banking operations
|
|
|
3717442
|
|
|
|
2668615
|
|
e)
|
|
Unallocated
|
|
|
(2263814
|
)
|
|
|
(1015462
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
10995546
|
|
|
|
9208539
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Segments have been identified and reported taking into account the target customer profile, the nature of products
and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.
Regd. Office : HDFC
Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Notes :
1
|
Consolidated Statement of Assets and Liabilities as at March 31, 2018 is given below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
₹
in lacs)
|
|
Particulars
|
|
As at
31-03-2018
|
|
|
As at
31-03-2017
|
|
CAPITAL AND LIABILITIES
|
|
Audited
|
|
|
Audited
|
|
Capital
|
|
|
51902
|
|
|
|
51251
|
|
Reserves and Surplus
|
|
|
10908011
|
|
|
|
9128144
|
|
Minority Interest
|
|
|
35633
|
|
|
|
29144
|
|
Deposits
|
|
|
78837514
|
|
|
|
64313425
|
|
Borrowings
|
|
|
15644208
|
|
|
|
9841564
|
|
Other Liabilities and Provisions
|
|
|
4841349
|
|
|
|
5870888
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
110318617
|
|
|
|
89234416
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of India
|
|
|
10468821
|
|
|
|
3791055
|
|
Balances with Banks and Money at Call and Short notice
|
|
|
1837335
|
|
|
|
1140057
|
|
Investments
|
|
|
23846092
|
|
|
|
21077711
|
|
Advances
|
|
|
70003384
|
|
|
|
58548099
|
|
Fixed Assets
|
|
|
381056
|
|
|
|
381470
|
|
Other Assets
|
|
|
3781929
|
|
|
|
4296024
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
110318617
|
|
|
|
89234416
|
|
|
|
|
|
|
|
|
|
|
2
|
The above results represent the consolidated financial results for HDFC Bank Limited and its subsidiaries constituting the Group and the Groups share of profits in an associate. These
results have been approved by the Board of Directors of the Bank at its meeting held on April 21, 2018. There are no qualifications in the auditors report for the year ended March 31, 2018. The information presented above is
extracted from the audited consolidated financial statements.
|
3
|
The above results are prepared in accordance with the principles set out in Accounting Standard
21-
Consolidated Financial Statements and Accounting Standard 23 - Accounting for
Investments in Associates in Consolidated Financial Statements as prescribed by The Institute of Chartered Accountants of India.
|
4
|
The Group has consistently applied its significant accounting policies in the preparation of its annual financial statements during the years ended March 31, 2018 and March 31, 2017.
|
5
|
In terms of revised Accounting Standard (AS) 4 Contingencies and Events occurring after the Balance sheet date as notified by the Ministry of Corporate Affairs through amendments to Companies (Accounting
Standards) Amendment Rules, 2016, the Group has not appropriated proposed dividend (including tax) aggregating
₹
4,092.48 crore (previous year
₹
3,408.54 crore) from Statement of Profit and Loss for the year ended March 31, 2018. However, the effect of the proposed dividend has been reckoned by the Group in
determining capital funds in the computation of capital adequacy ratio as at March 31, 2018 and March 31, 2017.
|
6
|
In accordance with RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III Framework. The Banks Pillar 3 disclosures are available
on its website at the following link: http://www.hdfcbank.com/ aboutus/ basel_disclosures/ default.htm. These Pillar 3 disclosures have not been subjected to audit or review by the statutory auditors.
|
7
|
Figures of the previous year have been regrouped / reclassified wherever necessary to conform to current year classification.
|
₹
10 million =
₹
1 crore
|
|
|
Place : Mumbai
|
|
Aditya Puri
|
Date : April 21, 2018
|
|
Managing Director
|
Regd. Office : HDFC
Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
HDFC Bank Limited
FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND YEAR ENDED
MARCH 31, 2018
The Board of
Directors of HDFC Bank Limited approved the Banks (Indian GAAP) results for the quarter and full year ended March 31, 2018, at their meeting held in Mumbai on Saturday, April 21, 2018. The accounts have been subjected to an audit by
the statutory auditors of the Bank.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended March 31, 2018
The Banks total income for the quarter ended March 31, 2018 was
₹
25,549.7 crore, up from
₹
21,560.7 crore for the quarter ended March 31, 2017. Net
revenues (net interest income plus other income) increased by 19.1% to
₹
14,886.3 crore for the quarter ended March 31, 2018 from
₹
12,501.4 crore in the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter
ended March 31, 2018 grew by 17.7% to
₹
10,657.7 crore, from
₹
9,055.1 crore for the quarter ended March 31, 2017, driven by average asset growth of 16.9% and a core net interest margin for the quarter of 4.3%.
Other income
(non-interest
revenue) at
₹
4,228.6 crore was 28.4% of the net revenues for the quarter ended March 31, 2018 and grew by 22.7% over
₹
3,446.3 crore in the corresponding quarter ended March 31, 2017. The four components of other income for the quarter ended
March 31, 2018 were fees & commissions of
₹
3,329.7 crore (
₹
2,523.0 crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of
₹
416.4 crore (
₹
356.7 crore for the corresponding quarter of the previous year), loss on
revaluation / sale of investments of
₹
22.0 crore (gain of
₹
180.4 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend, of
₹
504.5 crore (
₹
386.2 crore for the corresponding quarter of the previous year).
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
Operating expenses for the quarter ended March 31, 2018 were
₹
6,050.6 crore, an increase of 15.9% over
₹
5,222.0 crore during the corresponding quarter of the previous year. The core
cost-to-income
ratio for the quarter was at 40.6% as against 42.4% for the corresponding quarter ended March 31, 2017.
Provisions and contingencies for the quarter ended March 31, 2018 were
₹
1,541.1 crore (consisting of specific loan loss provisions
₹
1,132.5 crore, general
provisions
₹
153.4 crore, and other provisions
₹
255.3 crore) as against
₹
1,261.8 crore (consisting of specific loan loss provisions
₹
977.9 crore, general provisions
₹
280.3 crore, and other provisions
₹
3.6 crore) for the quarter ended March 31, 2017. Profit before tax for the quarter ended March 31, 2018 was up 21.2% to
₹
7,294.6 crore.
After providing
₹
2,495.3 crore for taxation, the Bank earned a net profit of
₹
4,799.3 crore, an increase of 20.3% over the quarter ended March 31, 2017.
Profit & Loss
Account: Year ended March 31, 2018
For the year ended March 31, 2018, the Bank earned total income of
₹
95,461.7 crore. Net revenues (net interest income plus other income) for the year ended March 31, 2018 were
₹
55,315.2 crore, up by 21.7% over
₹
45,435.7 crore for the year ended March 31, 2017. For the year ended March 31, 2018, the core net interest margin was 4.3%.
Core cost to income ratio was at 41.7% for the year ended March 31, 2018, as against 44.5% for the previous year.
The Banks net profit for
year ended March 31, 2018 was
₹
17,486.8 crore, up 20.2%, over the year ended March 31, 2017.
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
Balance Sheet: As of March 31, 2018
Total balance sheet size as of March 31, 2018 was
₹
1,063,934 crore as against
₹
863,840 crore as of March 31, 2017.
Total deposits as of March 31, 2018 were
₹
788,771 crore, an increase of 22.5% over March 31, 2017. As of March 31, 2018 current account deposits were at
₹
119,283 crore and savings account deposits at
₹
223,810 crore grew by 15.6% over March 31, 2017. Time deposits were at
₹
445,678 crore, an increase of 33.2% over the previous year, resulting in CASA deposits comprising 43.5% of total deposits as on March 31, 2018.
Total advances as of March 31, 2018 were
₹
658,333 crore, an increase of 18.7% over March 31, 2017. This loan growth was contributed by both segments of the Banks loan
portfolio with the loan mix between retail:wholesale at 57:43. As per regulatory [Basel 2] segment classification, retail loans grew by 27.4% and wholesale loans grew by 9.4%.
Capital Adequacy
The Banks total Capital Adequacy
Ratio (CAR) as per Basel III guidelines was at 14.8% as on March 31, 2018 (14.6% as on March 31, 2017) as against a regulatory requirement of 10.875% including Capital Conservation Buffer of 1.875%. Tier 1 CAR was at 13.2% as of
March 31, 2018 compared to 12.8% as of March 31, 2017. Common Equity Tier 1 Capital ratio was at 12.2% as of March 31, 2018. Risk-weighted Assets were at
₹
800,126 crore (as against
₹
640,030 crore as at March 31, 2017).
DIVIDEND
The Board of Directors recommended a
dividend of
₹
13 per equity share of
₹
2 for the year ended March 31, 2018, as against
₹
11 per equity share of
₹
2 for the previous year. This would be subject to approval by the
shareholders at the next annual general meeting.
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
NETWORK
As of March 31, 2018, the Banks distribution network was at 4,787 banking outlets and 12,635 ATMs across 2,691 cities / towns as against 4,715
banking outlets and 12,260 ATMs across 2,657 cities / towns as of March 31, 2017. Of the total banking outlets, 53% are in semi-urban and rural areas. Number of employees were at 88,253 as of March 31, 2018 (as against 84,325 as of
March 31, 2017).
ASSET QUALITY
Gross
non-performing
assets were at 1.30% of gross advances as on March 31, 2018, as against 1.29% as on December 31, 2017 and 1.05% as on March 31, 2017. Net
non-performing
assets were at 0.4% of net advances as on March 31, 2018. The Bank held floating provisions of
₹
1,451 crore as on March 31, 2018.
SUBSIDIARIES
HDFC Securities Limited (HSL)
is amongst the leading retail broking firms in India. As on March 31, 2018, the Bank held 97.7% stake in HSL.
For the year ended March 31,
2018, HSLs total income grew by 42.5% to
₹
788.3 crore. Net profit for the year was
₹
344.4 crore, a growth of 59.5% over
₹
215.9 crore in the previous year.
As on
March 31, 2018 HSL had 259 branches across 171 cities / towns in the country.
HDB Financial Services Limited (HDBFSL)
is a
non-deposit
taking
non-bank
finance company (NBFC) offering wide range of loans and asset finance products to individuals, emerging businesses and micro
enterprises. As on March 31, 2018, the Bank held 95.9% stake in HDBFSL.
As on March 31, 2018, HDBFSLs balance sheet size was at
₹
44,754 crore. The total loan book grew by 34.9% to
₹
43,573 crore as on March 31, 2018 (as against
₹
32,292 crore as of March 31, 2017).
For the year ended March 31, 2018, HDBFSLs net
interest income grew by 36.9% to
₹
2,788.9 crore (as against
₹
2,037.2 crore in the previous year). The net profit for the year ended March 31, 2018 was
₹
951.7 crore compared to
₹
684.2 crore in the previous year, a growth of 39.1%.
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
As on March 31, 2018, HDBFSL had 1,165 branches across 831 cities / towns.
Gross NPAs were at 1.6% of gross advances and net NPAs were at 1.0% of net advances as on March 31, 2018. Total CAR was at 17.9% with
Tier-I
CAR at 13.2%.
CONSOLIDATED FINANCIAL RESULTS
The consolidated net profit for the year ended March 31, 2018 was
₹
18,510.0 crore, up 21.4%, over the year ended March 31, 2017. Consolidated advances grew by 19.6% from
₹
585,481 crore as on March 31, 2017 to
₹
700,034 crore as on March 31, 2018.
Note:
₹
= Indian Rupees
1 crore = 10 million
All figures and ratios are in
accordance with Indian GAAP.
BSE: 500180
NSE: HDFCBANK
NYSE: HDB
Certain statements are included in this
release which contain words or phrases such as will, aim, will likely result, believe, expect, will continue, anticipate, estimate, intend,
plan, contemplate, seek to, future, objective, goal, project, should, will pursue and similar expressions or variations of these expressions,
that are forward-looking statements. Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to,
our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, future levels of our
non-performing
loans, our growth and expansion, the adequacy of our
allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other
jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to
roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a
result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking
statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by
any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United
States-led
coalition or any other country, tensions between
India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation,
unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting
and banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations.
|
|
|
|
|
|
|
NEWS RELEASE
|
|
HDFC Bank Ltd.
|
|
|
HDFC Bank House,
|
|
|
Senapati Bapat Marg,
|
|
|
Lower Parel,
|
|
|
Mumbai - 400 013.
|
For more information please log on to:
www.hdfcbank.com
For media queries please contact:
Neeraj Jha
Head, Corporate Communication
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652 1308 (D) / 6652 1000 (B)
Fax: 91 - 22 - 2490
3168
Mobile: +91 93236 20828
neeraj.jha@hdfcbank.com
For investor queries please contact:
Bhavin
Lakhpatwala
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652
1083 (D) / 6652 1000 (B)
Mobile: +91 74983 51730
bhavin.lakhpatwala@hdfcbank.com