HDFC Bank Limited announced that penalty of INR 0.05 million has been imposed on the Bank by Deputy Commissioner (State Tax), Rajasthan for matter/s mentioned in the below table. Name of the authority: Deputy Commissioner (State Tax), Rajasthan. Period Involved: F.Y. 2018-19.

Nature and details of the action taken, initiated or order passed: Demand of GST on outward supply and disallowance of input tax credit -Order passed under section 73 of RGST/CGST Act. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 07-March-2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Alleged short payment of GST on outward supply and 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 0.2 million (includes tax, interest and penalty).