Exhibit 8

Subsidiaries of the Registrant

Legal Name of Subsidiary	Jurisdiction of Incorporation	Percentage Held			Holding
HDB Financial Services Limited	India		95.2	%	Direct
HDFC Securities Limited	India		95.4	%	Direct
HDFC Life Insurance Company Limited(1)	India		50.4	%	Direct
HDFC International Life and Re Company Limited(2)	Dubai		50.4	%	Indirect
HDFC Pension Management Company Limited(2)	India		50.4	%	Indirect
HDFC Asset Management Company Limited(1)	India		52.5	%	Direct
HDFC AMC International (IFSC) Limited(3)	India		52.5	%	Indirect
HDFC Sales Private Limited	India		100	%	Direct
HDFC Capital Advisors Limited	India		89.0	%	Direct
HDFC Trustee Company Limited	India		100	%	Direct
HDFC Education and Development Services Private Limited(4)	India		100	%	Direct
Griha Pte Limited	Singapore		100	%	Direct
Griha Investments	Mauritius		100	%	Direct

⁽¹⁾  Publicly listed.

⁽²⁾  Wholly owned subsidiary of HDFC Life Insurance Company Limited.

⁽³⁾  Wholly owned subsidiary of HDFC Asset Management Company Limited.

⁽⁴⁾  The Bank’s control of HDFC Education and Development Services Private Limited is intended to be temporary, since, as directed by the Reserve Bank of India in connection with the amalgamation of (i) HDFC Investments Limited and HDFC Holdings Limited, wholly owned subsidiaries of Housing Development Finance Corporation Limited (“HDFC Limited”) with and into HDFC Limited, and (ii) HDFC Limited with and into HDFC Bank Limited, HDFC Education and Development Services Private Limited is expected to be fully divested no later than July 1, 2025.