Exhibit 99
December 16, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub: Disclosure
Please note that Securities and Exchange Board of India has issued an administrative warning letter to the Bank thereby alleging non-compliances with certain provisions of the SEBI Listing Regulations, in relation to the disclosures made by the Bank with respect to the resignation of Mr. Arvind Kapil, being a senior management employee of the Bank.
The said letter is attached herewith as Annexure A.
The Bank will take necessary steps to address the concern / directive mentioned in such letter.
The details of the above letter, as required is given below:
| Matter | Information | |
| Name of the authority | Securities and Exchange Board of India (“SEBI”) | |
| Nature and details of the action(s) taken, initiated or order(s) passed | In the nature of administrative warning letter received from SEBI | |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | The administrative warning letter December 10, 2024 was received by the Compliance Officer of the Bank under the SEBI Listing Regulations on December 16, 2024 | |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | The said warning letter alleges violation of Para 7 of Part A of Annexure I to SEBI circular no. SEBI/ HO/CFD- PoD-1/P/CIR/2023/123 dated July 13, 2023 read with clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations and Regulation 30 (2) and second proviso to Regulation 30 (6) of SEBI Listing Regulations. | |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | No impact |
We request you to bring the above to the notice of all concerned.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Ajay Agarwal
Company Secretary & Head – Group Oversight
