Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of October, 2024

Commission File Number 001-15216

HDFC BANK LIMITED

(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

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 ☐

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: October 04, 2024	By:	/s/ Ajay Agarwal
	Name:	Ajay Agarwal
	Title:	Company Secretary and Head – Group Oversight

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 No. 99

Description

Disclosure

Exhibit 99

October 04, 2024

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir/ Madam,

Sub: Disclosure

We would like to intimate the following:

1)

The Bank’s advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were ₹ 26,335 billion as of September 30, 2024, a growth of around 8.0% over ₹ 24,374 billion as of September 30, 2023, and a growth of around 2.3% over ₹ 25,750 billion as of June 30, 2024. During the quarter, retail loans grew by around ₹ 338 billion; commercial & rural banking loans grew by around ₹ 380 billion; and corporate & other wholesale loans were lower by ₹ 133 billion over June 30, 2024.

The Bank’s gross advances aggregated to approximately ₹ 25,190 billion as of September 30, 2024, a growth of around 7.0% over ₹ 23,546 billion as of September 30, 2023.

During the quarter ended September 30, 2024, the Bank securitised / assigned loans of ₹ 192 billion (year to date ₹ 246 billion) as a strategic initiative.

2)	The Bank’s deposits were ₹ 25,000 billion as of September 30, 2024, a growth of around 15.1% over ₹ 21,729 billion as of September 30, 2023, and a growth of around 5.1% over ₹ 23,791 billion as of June 30, 2024.

The Bank’s CASA deposits were ₹ 8,835 billion as of September 30, 2024, a growth of around 8.0% over ₹ 8,177 billion as of September 30, 2023, and a growth of around 2.3% over ₹ 8,636 billion as of June 30, 2024.

The Bank’s time deposits were ₹ 16,165 billion as of September 30, 2024, a growth of around 19.3% over ₹ 13,552 billion as of September 30, 2023, and a growth of around 6.7% over ₹ 15,155 billion as of June 30, 2024, reflecting customer preference for time deposits in this stage of the rate cycle.

3)	The Bank’s advances under management, on an average basis, were ₹ 25,630 billion for the September 2024 quarter, a growth of around 10.2% over ₹ 23,266 billion for the September 2023 quarter, and a growth of around 1.2% over ₹ 25,327 billion for the June 2024 quarter.

The Bank’s average deposits were ₹ 23,532 billion for the September 2024 quarter, a growth of around 15.4% over ₹ 20,385 billion for the September 2023 quarter, and around 3.1% over ₹ 22,831 billion for the June 2024 quarter.

The Bank’s average CASA deposits were ₹ 8,082 billion for the September 2024 quarter, a growth of around 7.3% over ₹ 7,535 billion for the September 2023 quarter, and lower by around 0.3% compared to ₹ 8,106 billion for the June 2024 quarter.

4)	Liquidity coverage ratio (average) was around 127% for the quarter.

5)	Key business volumes are as under:


Key figures (₹ billion)	30-Sep-23		30-Jun-24		30-Sep-24		QoQ			YoY
Advances under management*
Period end		24,374		25,750		26,335		2.3	%		8.0	%
Average		23,266		25,327		25,630		1.2	%		10.2	%

Gross advances		23,546		24,869		25,190		1.3	%		7.0	%

Deposits - period end		21,729		23,791		25,000		5.1	%		15.1	%
CASA deposits		8,177		8,636		8,835		2.3	%		8.0	%
Time deposits		13,552		15,155		16,165		6.7	%		19.3	%

Deposits - average		20,385		22,831		23,532		3.1	%		15.4	%
CASA deposits		7,535		8,106		8,082		(0.3	%)		7.3	%
Time deposits		12,850		14,725		15,450		4.9	%		20.2	%