HDFC Bank Limited informed that, a penalty of INR 0.8 million has been imposed on the Bank for disallowance of input tax credit -Order passed under section 73 of CGST/TGST & section 20 of IGST Act by Additional Commissioner (Central Tax), Telangana. Details of the violation(s)/contravention(s)committed or alleged to be committed: Alleged excess availment of input tax credit. Period Involved: Fiscal Year is 2018 to 2019.

Nature and details of the action(s) taken, initiated or order(s) passed: Disallowance of input tax credit -Order passed under section 73 of CGST/TGST & section 20 of IGST Act. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 9 million (includes tax and penalty).