HDFC Bank : Disclosure under Reg. 30 of SEBI LODR

CIN: L65920MH1994PLC080618	HDFC Bank Limited,
Email: [e-mail]	Zenith House,
Website: www.hdfcbank.com		Opp Race Course Gate no. 5 & 6,
		Keshavrao Khadye Marg,
		Mahalaxmi, Mumbai- 400034
		Tel.: [phone] / 0012
November 20, 2020
BSE Limited	The 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	Symbol - HDFCBANK

Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Dear Sir/Madam,

We wish to inform you that HDFC Bank Limited (the "Bank") has become one of the initial subscribers to the Memorandum and Articles of Association of IBBIC Private Limited (IBBIC) on November 20, 2020.

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to provide the following disclosures with respect to the above:

a.	Name of the target entity,	IBBIC Private Limited ("IBBIC").
	details in brief as size, turnover
	etc.	The said company name is subject to approval of
		Registrar of Companies, Mumbai.
b.	Whether the acquisition would	This transaction does not constitute a related
	fall within related party	party transaction.
	transaction(s) and whether the
	promoter/ promoter group/	As on date, the Bank's Promoters do not have
	group companies have any	any interest in IBBIC.
	interest in the entity being
	acquired? If yes, nature of	The Bank and its subsidiaries in the normal
	interest and details thereof and	course of business may have business dealings
	whether the same is done at	with IBBIC at an arm's length.
	"arm's length"
c.	industry to which the entity	IBBIC is proposed to be incorporated as a
	being acquired belongs	financial technology company with the objective
		of providing a platform for exploring, building
		and implementing Distributed Ledger
		Technology ("DLT") solutions for the financial
		services sector.
d.	objects and effects of	Equity ownership of an entity aiming to provide
	acquisition (including but not	DLT solutions for the financial services sector.
	limited to, disclosure of
	reasons for acquisition of
	target entity, if its business is

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

	outside the main line of
	business of the listed entity)
e.	Brief details of any	Since the acquisition of shareholding is below
	governmental or regulatory	10%, regulatory approval is not required.
	approvals required for the
	acquisition
f.	Indicative time period for	By the end of December 2020.
	completion of the acquisition
g.	Nature of consideration -	Cash consideration of Rs. 500,000 (Rupees Five
	whether cash consideration or	lakhs only).
	share swap and details of the
	same
h.	Cost of acquisition or the price	Rs. 10 per equity share of IBBIC.
	at which the shares are
	acquired
i.	Percentage of shareholding /	Post investment, Bank will hold 6.67% of the
	control acquired and / or	equity shareholding of IBBIC, by way of
	number of shares acquired	subscription to 50,000 equity shares of face value
		of Rs. 10 each.
j.	Brief background about the	Date of Incorporation: application for company
	entity acquired in terms of	registration of IBBIC will be submitted to
	products/line of business	Registrar of Companies, Mumbai by the end of
	acquired, date of incorporation,	November 2020.
	history of last 3 years turnover,
	country in which the acquired	IBBIC is proposed to provide a platform for
	entity has presence and any	exploring, building and implementing DLT
	other significant information	solutions for the financial services sector.
	(in brief)	History of last 3 years turnover: Not Applicable.
		Country of presence: India.

This is for your information and appropriate dissemination.

Thanking you,

Yours faithfully,

For HDFC Bank Ltd

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