Sub: Intimation

It is hereby informed that, a penalty of Rs.0.004 crore has been imposed on the Bank by Superintendent of Central GST and Central Excise, Kerala for matter/s mentioned in the below table.

Sr. 
no 
Particulars Details
1. Name of the authority Superintendent of Central GST and Central Excise, Kerala
2. Period Involved F.Y. 2019-20
3. 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 and KSGST Act.
4. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. 25-06-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed Alleged excess availment of input tax credit
6. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible Rs.0.03 crore (includes tax and penalty)

The Bank is evaluating appropriate legal remedy, including appeal, as per law.

This is for your information and appropriate dissemination.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Santosh Haldankar

Company Secretary

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HDFC Bank Limited published this content on 27 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2024 10:23:08 UTC.