NSEGeneral Updates2d ago · 17 Oct 2026, 04:14 pm

General Updates

HDFC Bank Limited · HDFCBANK

✦ AI SummaryMgmt Change

HDFC Bank Limited has informed the Exchange regarding disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors has re-appointed Mrs. Lily Vadera as an Independent Director for a period of 3 years. Mr. Kaizad Bharucha, Deputy Managing Director, has requested cessation from the service of the Bank with effect from December 31, 2026.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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HDFC Bank Limited has informed the Exchange regarding disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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HDFCBANK_17102026161248_Stockexchangeintimation_LV_KB.pdf

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CIN: L65920MH1994PLC080618 HDFC Bank Limited, Email: shareholder.grievances@hdfc.bank.in Sandoz House, Website: www.hdfc.bank.in Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018 Tel. No.:022-66521000 Ref. No. SE/2026-27/130 October 17, 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 (“SEBI Listing Regulations”) The Board of Directors of the Bank, at its meeting held today, based on the recommendation of the Governance, Nomination and Remuneration Committee (“GNRC”), considered and approved the re-appointment of Mrs. Lily Vadera (DIN: 09400410) as an Independent Director of the Bank for a period of 3 (three) years with effect from November 26, 2026 to November 25, 2029 (both days inclusive), subject to approval of the shareholders of the Bank. We wish to inform you that Mrs. Vadera is not related to any other Directors or Key Managerial Personnel of the Bank. Further, she is not debarred from holding the office of a Director, by virtue of any order passed by SEBI or any other such authority. The aforesaid re-appointment shall be placed before the shareholders of the Bank for their approval, shortly. We further inform that Mr. Kaizad Bharucha (DIN: 02490648), Deputy Managing Director, HDFC Bank has requested cessation from the service of the Bank with effect from the close of business hours on December 31, 2026. The GNRC and the Board of Directors, at their respective meetings held on October 16, 2026 and October 17, 2026, respected the decision of Mr. Bharucha and accepted his request to be forwarded to the Reserve Bank of India (“RBI”) for approval. The GNRC and the Board placed on record their sincere appreciation and gratitude for Mr. Kaizad Bharucha’s outstanding contribution to the Bank over a distinguished association spanning more than three decades. During this period, Mr. Bharucha played a significant role in the Bank’s growth and institutional development and made an enduring contribution to the strength and resilience of its business. The Directors particularly acknowledged that the Bank’s robust credit architecture has been one of its defining institutional strengths and recognised Mr. Bharucha as one of the principal architects who helped conceptualise, establish and develop this framework. Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013 The brief profile of Mrs. Vadera is enclosed herewith as Annexure-I. This is for your information and appropriate dissemination. 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 – Brief profile of Mrs. Lily Vadera Mrs. Lily Vadera, has over 34 years of experience in Central banking. She is a M.A in International Relations. She retired as an Executive Director from the Reserve Bank of India (RBI) in October 2020. As the Executive Director of the RBI, she was in-charge of the Department of Regulation (DoR) where she dealt with the regulatory framework for various entities in financial sector, covering all categories of banks and non-banking finance companies. During her tenure in RBI, Mrs. Vadera represented the RBI in various international forums such as the Policy Development Group of Basel Committee on Banking Supervision of BIS, Switzerland, Financial Stability Board and the Sub-groups of the G-20 on SME financing and Green financing. Mrs. Vadera also represented RBI on a committee set up by the Government on SME financing. Mrs. Vadera was instrumental in putting in place a framework for a regulatory sandbox to provide an enabling environment for fintech players to foster innovation in financial services and played a significant role in the amalgamation of banks in stress. She represented RBI and played an important role as a member of the Insolvency Law Committee set up by the Ministry of Corporate Affairs (MCA).