EX-99 2 d227566dex99.htm EX-99 EX-99

Exhibit 99

August 22, 2024

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

We hereby inform that a penalty of Rs. 0.02 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Tamil Nadu for matter/s mentioned in the below table.

 

Sr. no

  

Particulars

  

Details

1.

   Name of the authority    Deputy Commissioner of State Tax, Tamil Nadu

2.

   Period Involved    F.Y. 2019-20

3.

   Nature and details of the action(s) taken, initiated or order(s) passed    Alleged excess availment of input tax credit - Order passed under section 73 of CGST Act

4.

   Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority.    21-August-2024

5.

   Details of the violation(s)/contravention(s) committed or alleged to be committed    Alleged excess availment of input tax credit

6.

   Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible    Rs. 0.26 crore (includes tax and penalty)

The Bank is evaluating appropriate legal remedy, including appeal, as per law.

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