HDFC Bank Limited announced that, a penalty of INR 0.4 million has been imposed on the Bank by Deputy Commissioner of State Tax, West Bengal for matter/s mentioned in the below table. Period Involved: fiscal year 2018-19. Nature and details of the action(s) taken, initiated or order(s) passed: Alleged excess availment of input tax credit ?

Order passed under section 73 (9) of CGST Act. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 22, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Alleged excess availment of input tax credit.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 7.8 million (includes tax, interest and penalty).