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 August, 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: August 28, 2024     By:  

/s/ Ajay Agarwal

   

Name:  

  Ajay Agarwal
   

Title:   

  Company Secretary & 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

August 28, 2024

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

We hereby inform that the penalties as given below have been imposed on the Bank. The details pertaining to the penalties are included in the annexures attached herewith:

 

1.

Penalty of Rs. 0.04 crore has been imposed on the Bank by Deputy Commissioner of Commercial Taxes, Karnataka (Details provided in Annexure 1)

 

2.

Penalty of Rs. 0.01 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Tamil Nadu (Details provided in Annexure 2)

 

3.

Penalty of Rs. 20,000/- has been imposed on the Bank by Deputy Commissioner of State Tax, Assam (Details provided in Annexure 3)

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

We request you to bring the above to the notice of all concerned.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary & Head – Group Oversight


Annexure 1

Details w.r.t. Penalty of Rs. 0.04 crore has been imposed on the Bank by Deputy Commissioner of Commercial Taxes, Karnataka

 

Sr. 

no 

   Particulars    Details

1.

   Name of the authority    Deputy Commissioner of Commercial Taxes, Karnataka

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

4.

   Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority.    28-08-2024

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. 0.75 crore (includes tax, interest and penalty)


Annexure 2

Details w.r.t. Penalty of Rs. 0.01 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Tamil Nadu

 

Sr. 

no 

   Particulars    Details

1.

   Name of the authority    Deputy Commissioner of State Tax, Tamil Nadu

2.

   Period Involved    F.Y. 2019-20

3.

   Nature and details of the action(s) taken, initiated or order(s) passed    Alleged short payment of tax and disallowance of input tax credit - Order passed under section 73 of CGST Act

4.

   Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority.    28-08-2024

5.

   Details of the violation(s)/contravention(s) committed or alleged to be committed    Alleged short payment of tax and 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. 0.11 crore (includes tax and penalty)


Annexure 3

Details w.r.t. Penalty of Rs. 20,000/- has been imposed on the Bank by Deputy Commissioner of State Tax, Assam

 

Sr. 

no 

   Particulars    Details

1.

   Name of the authority    Deputy Commissioner of State Tax, Assam

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

4.

   Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority.    28-08-2024

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. 79,459/- (includes tax, interest and penalty)

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