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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HDFC Bank Limited    HDFCBANK   INE040A01034

HDFC BANK LIMITED

(HDFCBANK)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 11/20
1403.65 INR   +2.13%
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HDFC Bank : Clarification submitted to stock exchanges

10/14/2020 | 03:59pm EST

CIN: L65920MH1994PLC080618

HDFC Bank Limited,

Email: shareholder.grievances@hdfcbank.com

Zenith House,

Website: www.hdfcbank.com

Opp. Race Course Gate no. 5 & 6,

Keshavrao Khadye Marg,

Mahalaxmi, Mumbai- 400034

Tel.: 022 - 3976 0001 / 0012

September 21, 2020

BSE Limited

National Stock Exchange of India Limited

Dept of Corporate Services

The Listing Department

Phiroze Jeejeebhoy Towers,

Exchange Plaza

Dalal Street, Fort,

Bandra Kurla Complex,

Mumbai 400 001

Mumbai 400 051

Scrip Code : 500180

Scrip Symbol : HDFCBANK

Dear Sirs,

Sub: Clarification

This refers to the various media reports related to filing of class action claims by certain US law firm(s) against the Bank.

In this regard, we wish to inform you that the Bank is aware of a complaint that was recently filed against the Bank and its three employees in the United States. The lawsuit, which was filed by a single small security holder who seeks to represent a class of the Bank's security holders, is based on allegations that the security holder claims caused a temporary decline in the Bank's ADR stock price in July 2020. The Bank denies the allegations and intends to defend itself vigorously in the lawsuit. The Bank expects its response to the lawsuit to be due in early 2021.

Since the lawsuit is at a premature stage, there is no matter at this point of time which requires disclosure as per Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

We trust this clarifies.

For HDFC Bank Limited

Santosh Haldankar

Sr. Vice President- Legal & Company Secretary

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013

Disclaimer

HDFC Bank Limited published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 19:59:00 UTC


© Publicnow 2020
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Sales 2021 884 B 11 929 M 11 929 M
Net income 2021 286 B 3 854 M 3 854 M
Net Debt 2021 - - -
P/E ratio 2021 27,2x
Yield 2021 0,68%
Capitalization 7 678 B 104 B 104 B
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Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 1 403,65 
Spread / Highest target -
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EPS Revisions
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Shyamala Gopinath Chairman
Srinivasan Vaidyanathan Chief Financial Officer
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Kaizad M. Bharucha Executive Director
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