Edgar Filing: HDFC BANK LTD

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of April, 2015

Commission File Number 001-15216

HDFC BANK LIMITED

(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ¨ No x

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ¨ No x

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ¨ No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

82- Not Applicable.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	HDFC BANK LIMITED
	(Registrant)

Date: 24^th April, 2015	By	IsI Sanjay Dongre
	Name:	Sanjay Dongre
	Title:	Executive Vice President (Legal) & Company Secretary

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this Report pursuant to the General Instructions for Form 6-K.

Exhibit I

Description

Communication dated 23^rd April, 2015 addressed to The New York Stock Exchange, New York, United States of America (USA) intimating about Audited Annual Financial Results for the Financial Year ended 31^st March, 2015.

Exhibit I

23^rd April, 2015

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir / Madam,

Re: Audited Annual Financial Results for the Financial Year ended 31^st March 2015

We attach herewith a file containing the Audited Financial Results (both Standalone and Consolidated) for the year ended 31^st March 2015, segment reporting and summarized Balance Sheet as on 31^st March, 2015 duly approved by the Board at its meeting held today. The Press Release in this regard are also enclosed.

The aforesaid audited annual financial results have been submitted to the stock exchanges in India as per the listing requirements of those Stock Exchanges.

The Board of Directors have recommended a dividend of Rs.8/- per equity share of Rs. 2/- each (i.e. 400%) out of the net profits for the year ended 31^st March, 2015, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank.

This is for your information and record.

Thanking you,

Yours faithfully,

For HDFC Bank Limited

Sd/-

Sanjay Dongre

Executive Vice President (Legal) &

Company Secretary

Encl. : a/a.

HDFC BANK LIMITED

FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2015


		( in lacs)
		Quarter ended 31.03.2015			Quarter ended 31.12.2014			Quarter ended 31.03.2014			Year ended 31.03.2015			Year ended 31.03.2014
	Particulars	Audited* (Refer note 3)			Unaudited			Audited* (Refer note 3)			Audited*			Audited*
1	Interest Earned (a)+(b)+(c)+(d)		1300637			1239583			1078856			4846991			4113554
	a) Interest / discount on advances / bills		982869			954318			848701			3718079			3168692
	b) Income on Investments		305719			269561			221790			1070561			903685
	c) Interest on balances with Reserve Bank of India and other inter bank funds		11006			13794			7642			51710			35599
	d) Others		1043			1910			723			6641			5578
2	Other Income		256376			253491			200142			899634			791964
3	TOTAL INCOME (1)+(2)		1557013			1493074			1278998			5746625			4905518
4	Interest Expended		699322			669590			583592			2607423			2265290
5	Operating Expenses (i)+(ii)		385496			345628			317472			1398755			1204219
	i) Employees cost		132556			113253			106124			475096			417898
	ii) Other operating expenses		252940			232375			211348			923659			786321
6	TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies)		1084818			1015218			901064			4006178			3469509
7	Operating Profit before Provisions and Contingencies (3)-(6)		472195			477856			377934			1740447			1436009
8	Provisions (other than tax) and Contingencies		57665			56043			28613			207575			158802
9	Exceptional Items		—			—			—			—			—
10	Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)		414530			421813			349321			1532872			1277207
11	Tax Expense		133839			142362			116669			511280			429367
12	Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)		280691			279451			232652			1021592			847840
13	Extraordinary items (net of tax expense)		—			—			—			—			—
14	Net Profit / (Loss) for the period (12)-(13)		280691			279451			232652			1021592			847840
15	Paid up equity share capital (Face Value of 2/- each)		50130			48348			47981			50130			47981
16	Reserves excluding revaluation reserves											6150813			4299884
17	Analytical Ratios
	(i) Percentage of shares held by Government of India		Nil			Nil			Nil			Nil			Nil
	(ii) Capital Adequacy Ratio		16.8	%		15.7	%		16.1	%		16.8	%		16.1	%
	(iii) Earnings per share ( )
	(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized		11.4			11.5			9.7			42.1			35.5
	(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized		11.3			11.4			9.6			41.7			35.2
	(iv) NPA Ratios
	(a) Gross NPAs		343838			346791			298928			343838			298928
	(b) Net NPAs		89628			90366			82003			89628			82003
	(c) % of Gross NPAs to Gross Advances		0.9	%		1.0	%		1.0	%		0.9	%		1.0	%
	(d) % of Net NPAs to Net Advances		0.2	%		0.3	%		0.3	%		0.2	%		0.3	%
	(v) Return on assets (average) - not annualized		0.5	%		0.5	%		0.5	%		2.0	%		2.0	%
18	Non Promoters Shareholding
	(a) Public Shareholding
	- No. of shares		1490274560			1467186868			1448829678			1490274560			1448829678
	- Percentage of Shareholding		59.4	%		60.7	%		60.4	%		59.4	%		60.4	%
	(b) Shares underlying Depository Receipts (ADS and GDR)
	- No. of shares		473004657			407004657			407004657			473004657			407004657
	- Percentage of Shareholding		18.9	%		16.8	%		17.0	%		18.9	%		17.0	%
19	Promoters and Promoter Group Shareholding
	(a) Pledged / Encumbered
	- No. of shares		—			—			—			—			—
	- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)		—			—			—			—			—
	- Percentage of Shares (as a % of the total share capital of the Company)		—			—			—			—			—
	(b) Non - encumbered
	- No. of shares		543216100			543216100			543216100			543216100			543216100
	- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
	- Percentage of Shares (as a % of the total share capital of the Company)		21.7	%		22.5	%		22.6	%		21.7	%		22.6	%

*	Except for disclosure regarding ‘Non Promoters Shareholding’ and ‘Promoters and Promoter Group Shareholding’ which are unaudited.

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank is as under:


	( in lacs)
Particulars	Quarter ended 31.03.2015			Quarter ended 31.12.2014			Quarter ended 31.03.2014			Year ended 31.03.2015			Year ended 31.03.2014
Particulars	Audited			Unaudited			Audited			Audited			Audited
1 Segment Revenue
a) Treasury		371936			334369			266743			1287130			1178670
b) Retail Banking		1289247			1256012			1088123			4881418			4080486
c) Wholesale Banking		615723			593676			508128			2318519			1964534
d) Other Banking Operations		178360			167827			145248			620102			503355
e) Unallocated		39			823			—			862			258
Total		2455305			2352707			2008242			9108031			7727303
Less: Inter Segment Revenue		898292			859633			729244			3361406			2821785

Income from Operations		1557013			1493074			1278998			5746625			4905518

2 Segment Results
a) Treasury		28827			26641			12565			58571			41230
b) Retail Banking		160438			164963			157893			622883			568541
c) Wholesale Banking		187592			195012			150037			750442			594011
d) Other Banking Operations		74178			72046			47620			248689			192046
e) Unallocated		(36505	)		(36849	)		(18794	)		(147713	)		(118621	)

Total Profit Before Tax		414530			421813			349321			1532872			1277207

3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury		15425638			12588592			12241141			15425638			12241141
b) Retail Banking		(17421098	)		(16204827	)		(12909019	)		(17421098	)		(12909019	)
c) Wholesale Banking		8307529			8817771			5305539			8307529			5305539
d) Other Banking Operations		1545754			1460408			1259579			1545754			1259579
e) Unallocated		(1656880	)		(1494667	)		(1549375	)		(1656880	)		(1549375	)

Total		6200943			5167277			4347865			6200943			4347865

Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Notes :

1	Statement of Assets and Liabilities as on March 31, 2015 is given below.


	( in lacs)
	As at 31.03.2015		As at 31.03.2014
Particulars	Audited		Audited
CAPITAL AND LIABILITIES
Capital		50130		47981
Reserves and Surplus		6150813		4299884
Deposits		45079565		36733748
Borrowings		4521356		3943900
Other Liabilities and Provisions		3248444		4134439

Total		59050308		49159952

ASSETS
Cash and Balances with Reserve Bank of India		2751045		2534563
Balances with Banks and Money at Call and Short notice		882100		1423801
Investments		16645996		12095107
Advances		36549504		30300028
Fixed Assets		312172		293992
Other Assets		1909491		2512461

Total		59050308		49159952

2	The above results have been approved by the Board of Directors at its meeting held on April 23, 2015. There are no qualifications in the auditor’s report for the year ended March 31, 2015. The information presented above is extracted from the audited financial statements as stated.

3	The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the respective financial year.

4	The Board of Directors at their meeting proposed a dividend of 8.00 per share, subject to the approval of the members at the ensuing Annual General Meeting.

Pursuant to the shareholder and regulatory approvals, the Bank on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of LOGO

1,067 per equity share aggregating LOGO

2,000 crore and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD 57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, the Bank allotted 8,47,44,142 additional equity shares. Accordingly, share capital increased by LOGO

16.95 crores and share premium increased by LOGO

9,705.84 crores, net of share issue expenses of LOGO

151.03 crores.

6	During the quarter and year ended March 31, 2015, the Bank allotted 43,43,550 and 2,27,00,740 shares pursuant to the exercise of options under the approved employee stock option schemes.

7	Other income relates to income from non-fund based banking activities including commission, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments and recoveries from accounts written off.

8	As at March 31, 2015, the total number of branches (including extension counters) and ATM network stood at 4014 branches and 11766 ATMs respectively.

9	Information on investor complaints pursuant to Clause 41 of the listing agreement for the quarter ended March 31, 2015:

Opening: 8; Additions: 696; Disposals: 701; Closing position: 3.

10	Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period’s classification.

11	10 lac = 1 million

LOGO 10 million = LOGO 1 crore


Place : Mumbai		Aditya Puri

Date : April 23, 2015		Managing Director

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai—400013.

HDFC BANK LIMITED GROUP

CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2015


		( in lacs)
	Particulars	Year ended 31-03-2015		Year ended 31-03-2014
	Particulars	Audited		Audited
1	Interest Earned (a)+(b)+(c)+(d)		5066649		4255502
	a) Interest / discount on advances / bills		3933466		3307752
	b) Income on Investments		1070985		903920
	c) Interest on balances with Reserve Bank of India and other inter bank funds		54294		37860
	d) Others		7904		5970
2	Other Income		954569		829750
3	TOTAL INCOME (1)+(2)		6021218		5085252
4	Interest Expended		2728846		2344545
5	Operating Expenses (i)+(ii)		1457752		1246965
	i) Employees cost		516268		449447
	ii) Other operating expenses		941484		797518

6	TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies)		4186598		3591510

7	Operating Profit before Provisions and Contingencies (3)-(6)		1834620		1493742
8	Provisions (Other than tax) and Contingencies		226675		172675
9	Exceptional Items		—		—
10	Profit / (Loss) from ordinary activities before tax (7)-(8)-(9)		1607945		1321067
11	Tax Expense		537940		444616
12	Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)		1070005		876451
13	Extraordinary items (net of tax expense)		—		—
14	Net Profit / (Loss) for the year (12)-(13)		1070005		876451
15	Minority Interest		1441		2465
16	Share in profits of associates		325		363

17	Consolidated profit for the year attributable to the Group (14)-(15)+(16)		1068889		874349

18	Paid up equity share capital (Face Value of 2/- each)		50130		47981
19	Reserves excluding revaluation reserves		6265276		4368682
20	Analytical Ratios
	(i) Percentage of shares held by Government of India		Nil		Nil
	(ii) Earnings per share ( )
	(a) Basic EPS before & after extraordinary items (net of tax expense)		44.1		36.6
	(b) Diluted EPS before & after extraordinary items (net of tax expense)		43.6		36.3

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Consolidated Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Group is as under:


		( in lacs)
Particulars		Year ended 31-03-2015			Year ended 31-03-2014
Particulars		Audited			Audited
1	Segment Revenue
a)	Treasury		1287130			1178670
b)	Retail Banking		4881418			4080486
c)	Wholesale Banking		2318519			1964534
d)	Other banking operations		894694			683088
e)	Unallocated		863			259
	Total		9382624			7907037
	Less: Inter Segment Revenue		3361406			2821785

	Income from Operations		6021218			5085252

2	Segment Results
a)	Treasury		58571			41230
b)	Retail Banking		622883			568541
c)	Wholesale Banking		750442			594011
d)	Other banking operations		323761			235905
e)	Unallocated		(147712	)		(118620	)

	Total Profit Before Tax, Minority Interest & Earnings from Associates		1607945			1321067

3	Capital Employed
	(Segment Assets - Segment Liabilities)
a)	Treasury		15425638			12241141
b)	Retail Banking		(17421098	)		(12909019	)
c)	Wholesale Banking		8307529			5305539
d)	Other banking operations		1676380			1340452
e)	Unallocated		(1656880	)		(1546276	)

	Total		6331569			4431837

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Notes :

1	Consolidated Statement of Assets and Liabilities as on March 31, 2015 is given below.


	( in lacs)
Particulars	As at 31-03-2015		As at 31-03-2014
CAPITAL AND LIABILITIES		Audited		Audited
Capital		50130		47981
Reserves and Surplus		6265276		4368682
Minority Interest		16163		15174
Deposits		45028365		36708033
Borrowings		5947825		4959672
Other Liabilities and Provisions		3401893		4262454

Total		60709652		50361996

ASSETS
Cash and balances with Reserve Bank of India		2752229		2535722
Balances with Banks and Money at Call and Short notice		900413		1455621
Investments		16427261		11957106
Advances		38340797		31541886
Fixed Assets		322494		302628
Other Assets		1966458		2569033

Total		60709652		50361996

The above results represent the consolidated financial results for HDFC Bank Limited, its subsidiaries and associates. These results have been approved by the Board of Directors at its meeting held on April 23, 2015. There are no qualifications in the auditor’s report for the year ended March 31, 2015. The information presented above is extracted from the audited consolidated financial statements as stated.

The above results are prepared in accordance with the principles set out in Accounting Standard 21- Consolidated Financial Statements and Accounting Standard 23 - Accounting for Investments in Associates in Consolidated Financial Statements as prescribed by the Institute of Chartered Accountants of India.

Pursuant to the shareholder and regulatory approvals, HDFC Bank Limited on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of LOGO

1,067 per equity share aggregating LOGO

2,000 crore and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD 57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, HDFC Bank Limited allotted 8,47,44,142 additional equity shares. Accordingly, share capital of HDFC Bank Limited increased by LOGO

16.95 crores and share premium increased by LOGO

9,705.84 crores, net of share issue expenses of LOGO

151.03 crores.

In accordance with RBI circular DBOD.No.BP.BC.2/21.06.201/2013-14 dated July 1, 2013, banks are required to make Pillar 3 disclosures under Basel III capital regulations for the Group. These disclosures are available at http://www.hdfcbank.com/aboutus/basel_disclosures/default.htm. The disclosures have not been subjected to audit or limited review.

6	Figures of the previous year have been regrouped/reclassified wherever necessary to conform to current year’s classification.

7	10 lac = 1 million

10 million = LOGO

1 crore


Place : Mumbai				Aditya Puri

Date : April 23, 2015				Managing Director

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

LOGO

NEWS RELEASE

HDFC Bank Limited

FINANCIAL RESULTS (INDIAN GAAP)

FOR THE QUARTER AND YEAR ENDED MARCH 31, 2015

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended March 31, 2015 and the audited results for the year ended March 31, 2015, at their meeting held in Mumbai on Thursday, April 23, 2015.

FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended March 31, 2015

The Bank’s total income for the quarter ended March 31, 2015 was LOGO 15,570.1 crores, an increase of 21.7% over LOGO 12,790.0 crores for the quarter ended March 31, 2014. Net revenues increased by 23.3% to LOGO 8,576.9 crores for the quarter ended March 31, 2015 as against LOGO 6,954.1 crores for the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2015 grew by 21.4% to LOGO 6,013.2 crores from LOGO 4,952.6 crores for the quarter ended March 31, 2014, driven by average asset growth of 21.2% and a net interest margin for the quarter of 4.4%.

Other income (non-interest revenue) at LOGO 2,563.8 crores was 29.9% of the net revenues for the quarter ended March 31, 2015 and grew by 28.1% over LOGO 2,001.4 crores in the corresponding quarter ended March 31, 2014. The four components of other income for the quarter ended March 31, 2015 were fees & commissions of LOGO 1,834.8 crores ( LOGO 1,521.2 crores in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of LOGO 328.7 crores ( LOGO 252.1 crores for the corresponding quarter of the previous year), gain on revaluation / sale of investments of LOGO 196.1 crores ( LOGO 33.3 crores in the corresponding quarter of the previous year) and miscellaneous income including recoveries of LOGO 204.3 crores ( LOGO 194.8 crores for the corresponding quarter of the previous year).

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013

LOGO

Operating expenses for the quarter ended March 31, 2015 were LOGO 3,855.0 crores, an increase of 21.4% over LOGO 3,174.7 crores during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 44.9% as against 45.7% for the corresponding quarter ended March 31, 2014.

Provisions and contingencies for the quarter ended March 31, 2015 were LOGO 576.7 crores (consisting of specific loan loss provisions LOGO 424.7 crores, general provisions LOGO 118.5 crores and other provisions LOGO 33.4 crores) for the quarter ended March 31, 2015 as against LOGO 286.1 crores (consisting of specific loan loss provisions LOGO 320.4 crores, general provisions LOGO 27.6 crores and write back / release of other provisions LOGO 61.9 crores) for the corresponding quarter ended March 31, 2014.

After providing LOGO 1,338.4 crores for taxation, the Bank earned a net profit of LOGO 2,806.9 crores for the quarter ended March 31, 2015, an increase of 20.6% over the quarter ended March 31, 2014.

Profit & Loss Account: Year ended March 31, 2015

For the year ended March 31, 2015, the Bank earned total income of LOGO 57,466.3 crores. Net revenues (net interest income plus other income) for the year ended March 31, 2015 were LOGO 31,392.0 crores, up by 18.9% over LOGO 26,402.3 crores for the year ended March 31, 2014. For the year ended March 31, 2015, the net interest margin remained stable at 4.4%. Cost to income ratio was at 44.6% for the year ended March 31, 2015, as against 45.6% for the previous year.

The Bank’s net profit for year ended March 31, 2015 was LOGO 10,215.9 crores, up 20.5%, over the year ended March 31, 2014. The consolidated net profit of the Bank increased by 22.2% to LOGO 10,688.9 crores for the year ended March 31, 2015.

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013

LOGO

Balance Sheet: As of March 31, 2015

Total deposits as of March 31, 2015 were LOGO 450,796 crores, an increase of 22.7% over March 31, 2014. Savings account deposits grew 21.1 % over the previous year to reach LOGO 124,927 crores. Current account deposits grew 19.6% over the previous year to reach LOGO 73,565 crores. CASA deposits were 44.0% of total deposits as on March 31, 2015.

Advances as of March 31, 2015 were LOGO 365,495 crores, an increase of 20.6% over March 31, 2014. This loan growth was contributed by both segments of the Bank’s loan portfolio, with domestic retail loans and wholesale loans as per the Bank’s internal business classification growing by 21.8 % and 17.6% respectively (as per regulatory [Basel 2] segment classification growing by 15.5% and 25.9% respectively). The domestic loan mix as per Basel 2 classification between retail : wholesale was 51:49 and advances in overseas branches as of March 31, 2015 were at 7.9% of the total advances.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as at March 31, 2015 (computed as per Basel III guidelines) stood at 16.8% as against a regulatory requirement of 9%. Of this, Tier-I CAR was 13.7%.

DIVIDEND

The Board of Directors recommended a dividend of LOGO 8.00 per equity share of LOGO 2 for the year ended March 31, 2015, as against LOGO 6.85 per equity share of LOGO 2 for the previous year. This would be subject to approval by the shareholders at the next annual general meeting.

NETWORK

The Bank has continued its branch expansion adding 611 branches in the year ended March 31, 2015, of which 320 of these branches were in semi-urban and rural locations. As of March 31, 2015, the Bank’s distribution network was at 4,014 branches and 11,766 ATMs in 2,464 cities / towns as against 3,403 branches and 11,256 ATMs in 2,171 cities / towns as of March 31, 2014. 55% of the total branches are now in semi-urban and rural areas.

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013

LOGO

ASSET QUALITY

Gross non-performing assets (NPAs) were at 0.93% of gross advances as on March 31, 2015, as against 0.98% as on March 31, 2014. Net non-performing assets were at 0.2% of net advances as on March 31, 2015. Total restructured loans (including applications under process for restructuring) were at 0.1% of gross advances as of March 31, 2015.

Note:

LOGO = Indian Rupees

1 crore = 10 million

All figures and ratios are in accordance with Indian GAAP.

NYSE: HDB

Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations.

For media queries please contact:

Neeraj Jha

Head, Corporate Communication

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1308 (D) / 6652 1000 (B)

Mobile: +91 93236 20828

neeraj.jha@hdfcbank.com

For investor queries please contact:

Bhavin Lakhpatwala

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1083 (D) / 6652 1000 (B)

Mobile: +91 74983 51730

bhavin.lakhpatwala@hdfcbank.com

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013