HDFC Bank Limited received penalty of INR 9.5 million has been imposed on the Bank by Deputy Commissioner (State Tax), Tamil Nadu. Action passed of Disallowance of input tax credit -Order passed under section 73 of TNGST/CGST Act. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible INR 104.6 million (includes tax and penalty).

Period Involved is fiscal year 2018-19.