Change in Director(s)

CIN: L65920MH1994PLC080618 HDFC Bank Limited, Email: shareholder.grievances@hdfc.bank.in HDFC House, Website: www.hdfc.bank.in H.T. Parekh Marg 165-166, Backbay Reclamation, Churchgate, Mumbai- 400020 Tel.:022-66316000 Ref. No. SE/2026-27/117 October 1, 2026 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 code: HDFCBANK Dear Sir/Madam, Ref: Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Mr. Anup Bagchi as an Additional Director and as the Managing Director & Chief Executive Officer of HDFC Bank Limited (‘the Bank’) in place of Mr. Sashidhar Jagdishan In furtherance to our intimation dated September 12, 2026, we wish to inform you that pursuant to an application made by the Bank to the Reserve Bank of India (“RBI”), the RBI vide its communication dated October 1, 2026, has approved appointment of Mr. Anup Bagchi (DIN: 00105962) as the Managing Director & Chief Executive Officer (“MD & CEO”) of the Bank and the remuneration payable to him, under Section 35B of the Banking Regulation Act, 1949 for a period of 3 (three) years with effect from October 27, 2026. Consequently, the Board of Directors of the Bank, based on the recommendation of the Governance, Nomination and Remuneration Committee, at its meeting held today i.e. October 1, 2026 approved the following: a. appointment of Mr. Anup Bagchi as an Additional Director of the Bank w.e.f. October 2, 2026 till the date of approval of the shareholders as per the provisions of Companies Act, 2013; and b. appointment of Mr. Anup Bagchi as the MD & CEO of the Bank on such terms and conditions including remuneration, as approved by the RBI, for a period of 3 (three) years with effect from October 27, 2026, subject to approval of the shareholders as per the provisions of Companies Act, 2013. A brief profile of Mr. Anup Bagchi is enclosed herewith as Annexure I. Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013 Mr. Anup Bagchi is not related to any other Director or Key Managerial Personnel of the Bank and is not debarred from holding the office of an Additional Director / Director, by virtue of any SEBI order or any other such authority. The details as required in terms of disclosure under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III to the SEBI Listing Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure II. Thank you. Yours faithfully, For HDFC Bank Limited Ajay Agarwal Company Secretary Group Head – Secretarial & Group Oversight Copy to: 1 New York Stock Exchange 2 Singapore Exchange Securities Trading Limited 11, Wall Street, 2 Shenton Way # 02-00 SGX Centre 1 New York, NY 10005, USA Singapore 068804 Annexure I Profile of Mr. Anup Bagchi Mr. Anup Bagchi is a seasoned financial services leader with over three decades of experience across banking, capital markets, wealth management and insurance. A member of the ICICI Group since 1992, he has built a diverse career spanning treasury, retail banking, wholesale banking, investment banking, and digital financial services. Over the course of his career, he has held several pivotal leadership positions, including CEO & MD of ICICI Securities, Executive Director of ICICI Bank, and currently MD & CEO of ICICI Prudential Life Insurance. His career reflects a strong track record of business building, strategic leadership, and navigating the evolving financial services landscape. Mr. Bagchi served as Executive Director of ICICI Bank from 2017 to 2023, overseeing Retail, Business and Rural Banking, and subsequently Wholesale Banking. During his tenure, he played a key role in strengthening the bank's retail franchise, driving profitable growth while maintaining credit and cost discipline. Under his leadership, ICICI Bank became the first private-sector bank in India to surpass a retail mortgage portfolio of Rs. 2 trillion and successfully navigated the demonetisation period with limited business disruption. Alongside his executive responsibilities, he served as Chairman of ICICI Prudential Asset Management Company until May 2023 and was a Director of ICICI Prudential Pension Funds Management Company and ICICI Home Finance. Since June 2023, Mr. Bagchi has been serving as MD & CEO of ICICI Prudential Life Insurance, leading one of India's largest private life insurers, which is publicly listed. Under his leadership, the company crossed Rs. 10,000 crore in Annualised Premium Equivalent (APE) for the first time in FY2025, with APE growing 15% year-on-year to Rs. 10,407 crore and profit after tax increasing nearly 40% to Rs. 1,189 crore. The business has also delivered strong growth in protection products and new business generation, reflecting his focus on sustainable and profitable expansion. Mr. Anup Bagchi holds Management degree from Indian Institute of Management, Bangalore and an Engineering degree from Indian Institute of Technology, Kanpur. Annexure II Sr. Particulars Mr. Sashidhar Jagdishan Mr. Anup Bagchi 1. Reason for Change viz. Mr. Shashidhar Jagdishan will Consequent to the retirement of appointment, re- complete his tenure as the MD & Mr. Sashidhar Jagdishan as the appointment, resignation, CEO of the Bank at the close of MD & CEO of the Bank at the removal, death or business hours of October 26, close of business hours of October otherwise 2026. 26, 2026, and receipt of RBI approval, Mr. Anup Bagchi is appointed as MD & CEO of the Bank w.e.f. October 27, 2026. 2. Date of appointment/ Mr. Shashidhar Jagdishan will Mr. Anup Bagchi is appointed as: reappointment/ cessation complete his tenure as MD & (as applicable) & term of CEO of the Bank on close of a. Additional Director of the appointment/re- business hours of October 26, Bank w.e.f. October 2, 2026; appointment 2026. and b. MD & CEO of the Bank for a period of 3 years w.e.f. October 27, 2026 to October 26, 2029 on such terms and conditions including remuneration, as approved by the RBI, not liable to retire by rotation. 3. Brief profile (in case of Not Applicable As provided in Annexure I. appointment) 4. Disclosure of relationships Not Applicable Not related to any other Director or between directors (in case Key Managerial Personnel of the of appointment of a Bank. director)