Financial results for the quarter ended June 30 2026

HDFC BANK LIMITED

CIN : Lg8920MHj 994pLC080618

Sandoz Houae, Shivsogar Estate, Dr. Annie Besanl Road, Worli, Mumbai 400 018.

WebsTTo: lips://ww.fi dfc.bank.Tn, Tel.: 022- 6650 1000, Fax: 022- X'496 07'39

UNAuDiTED sTAuDALONE FINANCIAL RESULTS FOR THE QUARTER ENDEo J USE 30, 2026

Pegd. Oflioo : n oI"c Bank Ltd., FioFc Bank Houee, Senapati Bapat Marg, Lower Paml {West), Mumbai - 400013.

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Standalone Segment information in accordance wilh lhe RBI guidelines and Accounting Standard 17 - Segment Reporting of Ihe operating segments ol the Bank is as under:

g in crore)

'Inloanatlon a6our D/gifa7 8anklng Segtnenr reported as e su6-segment of befall Bucâ/og Segment is re/are# to Digital Banking Units of roe Bank.

'Segment Pesu/is end L/a6//iI/es /or tna quarter ended June aa 2O25 an# year ended Marc/+ SJ, zozs are a!ier considering ihe impact oF //oaIing p/or/s‹ons in //ie raspecf/ve segmenls.

Business fiTegmenls have been identified and reported laking into accounf the target customer profile, the nature ol products and services, the difleñng risks and relums, the organisation slructure, the internal business reporting system and lhe guidelines prescfibed by jhe RBI. The Segment Assejs and Segment Liabilities exclude transfers between segmenls and are Iransler priced on a gross basis.

MUMBAI

Notes :

Standalone slalement ol Assets and Liabilities is given below:

g in crore)

The above standalone financial resulls have been appro'ved by the Board of Directors of lhe Bank at ifs meeting held on July 18, 2026. The financial results for the quarter ended June 30, 2026 have been subjected to a "Limited Review" by the |oint statutory audilors of the Bank viz. Batliboi & Purohit, Chanered Accountants and B S R & Co. LLP, Cbartered Accounlants. The financial resulls for lhe quarter ended June 30, 2025 were reviewed 'y lhe Ban'k's joinl slalulory auditors - Price Walerhouse LLP, Chanered Accounlanls and BatlJboi & Purohit, Chartered Accountants.

These financial results have been prepared in accordance wilh the recognilion and measurement principles laid down in Accounting Standards specified under Section 33 of lhe Companies Acl, 2013, the reTevanl provisions of the Banking Regulation Act, 1949, the circulars, guidelines and direclions issued by the Reserve Bank of India ('Erie RBI") from lime Io lime and other accounting principles generally accepted in India, and are in compliance will lhe presentation and disclosure requirements of the Regulation 33 and Regulation 52 read wilh

Regualiou &3 o+heOe ntesazd Emha•ge Boad oMnda(List«gOrligano and Discosue Reguiremeuz Reguanons, a01& (SEBI

Regulations") as amended including relevant circulars issued by the S'EBI from lime jo jime, to the extent applicable. Basis nalure of the Bank's business, applicable ratios under the said regulations are disclosed.

1. The Bank has applied ijs significanl accounting policies in the preparation of lhese financial results consislenl wilh lhose followed in Ihe annual financial statements lor the year ended March 31, 2026. Any circulars / directions issued by RBI are implemented prospeclively when il becomes applicable, unless specifically required under those circulars / directions.

2. The figures for the quarter ended March 31, 2026 are the balancing figures between audited ligures in respect of the full financial year 2O25-26 and the published year to date figures upto December 34, 2025.

   During the year ended Marah 31, 2026, the shareholders ol the Bank had aggroved, through gostal ballot, the issuance ol bonus shares, in the proporlion ol 1:1, i.e. 1 (One) bonus equily share of T 1/- each for eyery 1 (One) lully paid-up equity share held as on the tecord date. Accordingly, the Bank allolled 7,67,70,39,761 equify shares as bonus shares on August 28, 2025 by utilisation of share premium. All shares and per share information in the financial results reflect the elfect ol bonus shares issuance retrospectively.
   
   DMñng the quarter ended JOne 30, 2026. Ihe Bank has allotted 79,59,164 eguity ehares, pumuant jo lhe exercise ol opllons / units under the approved employee stock option schemes / employee slock incentive master scheme.
   
   During lhe quaner ended June 30, 2025 and year ended March 31, 8086, lhe Bank made a Tioaling provision ol T 9,000.00 crore in line wilfi the Board approved policy.
   
   Disclosures on the details ol loans lrarislerred / acquired and co-lending arrangements during the quarter ended June 30, 2026, as per Ihe Reserve Bank ol India (Commercial Banks - Financial Slalemenls: Presentation and Disclosures) Directions, 2025 dated November 28, 2025, are given below:
   
   

   1. Details ol non-peñorming assets (NPAs) transferred: * in crore except number ol accounts

      PanicuTars	To Asset Reconstruction Companies (ARCs)	To permined transferees	To other transferees
      Number of accounls
      Aggregate principal outslanding gf loans Transferred
      Weighted average residual tenor ol lhe loans transferred (in years)
      Net book value ol loans Irensferred (at lhe time of transfer)
      Aggregate consideration
      Additional consideration realised in respect of accounls lranslerred in earlier years	7.4?

   2. The Bank has not Transferred / acquired any loans nol in delauil.

   3. The Bank has not acquired any stressed loans (Non•perlorming assets and Special Mention Accounts)

   4. The Bank has not translerred any Special Menlion Accounis.

      
      
      

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   5. Details ol ralings of Security Receipts (SRs) outstanding as on June 30, 2026 are given delow: (T in crore)

      Rating	Rating Agency	Recovery rating	Gross Value of Outstanding sn
      RR 1+	India Ratings	More than 150 >	0.15
      RR1	ICRA	100% - 150%	111.65
      RR2	India Ratings.	76% - 100%	27.32
      RR4	India Ratings	25%S - 50%	35.14
      RR5	India Ratings	Upto 25%	125,67
      RR5	CRISIL	Uplo 25%	29.41
      Unrated			Y4 9.BB
      		Total	1,049.19

   6. The Bank has not entered into any co-lending transaclions during Ihe quarter.

1. Disclosure related lo Project Finance lor lhe quarter ended June 30, 8086, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 is given below:

   Item Description	Number of accounts	outstanding (¥ in erore)
   1. Pro|ects under implementation accounts at the beginning ol he quaner	447	24,693.48
   Projects under implementation accounts sanctioned duñng the quarter	BE	1,031.OB
   Projects under implementation accounls where DCCO has been achieved dunng the quaner	75	4,442.26
   4. Projects under implementafion accounts at lhe end ol the guaner"	440	20.785.t4
   Out of '4' - accounls in respect of which resolution process involving extension in original / extended DCCO, as the case may be has been invoked	35	1,•i97.95
   5.1. Out of '5' - accounts n respecl of which Resolution plan has been implemented	29	1,360.20
   5.2. Out ol '5' - accounts in respect of which ResoluI on plan is under implementation		237.75
   Out ol '5' - accounts in respect ol which Resolution plan has failed
   6. Oul of '5', accounls in respect ol which resolution process involving extension in original / extended DCCO, as the case may be has been invoked due to change in scope and size ol lhe project	2	87.61
   Out of '5', account in respecl of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded
   7.1. Out ol '7', accounts where SBCF was sanclioned dunng financial closure and renewed continuously
   7.2. Out of '7', accounts where SBCF was not pre-sanclioned or renewed continuously
   B. Oul of '4' - accounts ‹n respect ol which resolution process not involving extension in original / extended DCCO, as the case may be has been invoked
   8.1, Out ol '0' -accounls in respect ol which Resolution plan has been implemented
   8.2. Out ol '8' -accounts in respect ol which Resolution plan is under implementation
   B.3. Out ol 'B' -accounls in respect ol which Resolution plan has failed

   "Excludes I Z accounts +Ynere repaymenf was compTeled prior la iha acfi/avemen/ a/ DE'CO, and therefore no )onger torm hart oF I/ja projects under

   /mp/emenIat/on accounts al Ifie end of he guaner.

2. Other income includes commission income from non-fund based banking activities, fees, earnings mom foreign exchange and derivative transactions, profit and loss (including revalualion) from investments, dividends from subsidiaries and recoveries from accounts previously wñtten oil.

On June 25, 2020, the Bank's subsidiary company, HDB Financial Services Limited ('HDBFS") IaMnched ijs initial public offering ('IPO'), compñsed ol a mesh issuance of equity sfiares aggregating to 7 2,500.00 crore and an olfer for sale ("OFS') of equily shares by lhe Bank, aggregating to T 10,000.00 crore. Under the OFS, the Bank divemed 13,51,35, 135 eqMity sfiares of T 10/- each of HDBFS ay T 7d0/- per share, for a consideration aggregating fo 7 10,000.00 crore. Consequently, during the quarter ended June 30, 2025, tIe net gain recognised by the Bank on sale of shares under the OFS was T 9,128.40 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026, the net gain recognised by Ihe Bank on sale of shares under the OFS was T 9,179.40 crore (before tax and net of IPO related expenses).

1. The Bank has been allotted 1,45,23,906 eguity shares of HDFC Lile Insurance Company Limited ("HDFC Life") on June 16, 2026 for a consideration ol T 1,000.00 crore on preferenlial basis. The Bank's shareholding in HDFC Life stood al 50.54% as at June 30, 2026.

2. Provision for tax for the quarter ended June 30, 2025 and year ended March 31, 2026 is nel ol write back of provision no longer required of T 1,144.46 crore, pursuant to favourable orders received.

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3. As inlimaled lo lhe Slock Exchanges on March 24, 2026, the Bank had appointed external law lirms (domestic and inlemalional) to conduct a review in relation to Ihe resignation letter ot lhe Bank's former Pan-lime Chairman and Independent Direclor, Mr. Atanu Chakraborty. The Bank has subsequenlly informed the Shock Mchanges on June 26, 2026 of The conclusion of lhe said legal review and that the external law lirrns found that Mr. Chakrabort/ s staemenl in his resignation letter and its implicalions were nof substantiated by the records reviewed and witness interviews. The conclusion of the review has no impact on the financial results of the Bank. The Bank continues la be committed to corporate governance standards and remains adequately capitalised in accordance wilh the regulatory requirements.

4. As intimated la the Slack Exchanges on September 86, 8025, the Bank's branch at the Dubai Intemalional Financial Centre ('DLFC Branch") received a decision nolice daled September 25, 2025 from the Dubai Financial Services Authority ("DFSA™). prohibiling, amongst other lhings, Ihe branch from soliciting or conduMing business with new clients for specified financial services. The prohibition does not aTlect servicing of existing customers and will remain in place until olherwise amended or revoked in wñting by DFS A. The Bank is taking necessary sleps to comply wilh the directives in Ihe above-referred nolice.

   The business undertaken at the DIFC Branch is not material to the Bank's operations or its linancial position and accordingly no material impact is expected wilh respect jo the overall operations or financial posilion of the Bank.

5. Figures of the previous periods tiave been regrouped / reclassified wherever necessary to conform to current period's classification.

1B 1 10 million = T 1 erore

Place: Mumbai Date: July 18, 2026

Sashidhar Jagdishan Managing Direclor DiN-08614096

MUMBAI

B SR & Co. LLP

Chartered Accountants

14th Flooi , Central B Wing & North C Wing Nesco IT Park 4, Nesco Center,

Western Express Highway, Goregaon (East) Muiiibai - 400063, India

Batliboi & Purohit Chartered Accountants National Insurance Building, 2" Floor, 204, D N Road, Fort, Mumbai - 40000.1

Independent Auditors' limited review report on unaudited standalone financial results of HDFC Bank Limited for the quarter ended 30 June 202G pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors ofHDFC Bank Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of I-tDFC Bank Limited (hereinafter referred to as "the Bank") for the quarter- ended 30 June 2026("the Statement") being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 20 15"). We have initialed the Statement for identification purposes only.

2. This Statement, which is the responsibility of the Bank's management and approved by its Board ofDirectors, has been prepared inaccordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting" ("AS 25"), prescribed under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, cii'culars, guidelines and master directions issued by the Reserve Bank of India ("RBI Guidelines") as applicable, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, 2015, as amended. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Infonriation Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, RBI Guidedines, as applicable and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing

   
   
   

   B S R & Co. LLP

   ClJai1ei ed Accountants

   Batliboi & Purohit Chartered Accountants

   Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters.

5. The standalone financial results of the Bank for the cor responding quarter ended 30 June 2025 were reviewed jointly by one of the joint auditors along with the predecessor auditor whose report dated 19 July 2025 had expressed an unmodified conclusion.

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Place: Mumbai Date: 18 July 2026

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Date: 18 July 2026

2

HDFC BANK LIMITED

CIN : L65920MH1994PLC08061B

Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli Mumbai 400 018. Website: https://www.hdfc.bank.in, Tel.: 022- 6652 1000, Fax: 022- 2496 0739

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026

g in crore)

MUMBAi

Consolidated Segment information in accordance with the RBI guidelines and Accounting Standard 17 - Segment Reporting of the operating segments.of the Group is as under:

in crore)

'information aboui Digital Banking Segment reported as a sub-segment of Retail Banking Segment is related to Digital Banking Un›ls a/ lfie Bank.

" Includes the operations at HDrc rn inssranca Company Limited (aonsalid led) ('Horn Life') and Horn eRGO Genera/ Insurance Company Limited ('HDFC Ergo'),

'"' Segment Results and Liabili1las lor the guarter ended June 30, 2025 and year ended March 31, 2026 are atter considering ihe impact ol floating provisiona in ihe respective

segments.

" Includes Ihe operations a/ file consolidated entities ot the Bank, not covered in any ot the above segments.

Business Segmenls have been identified and reported laking into account the target customer profile, the nalura ol products and services, the ditfering risks and relurns, Ihe organisation structure. the inlernal business reporling system and the guidelines prescribed by the RBL The Segment Assets and Segment Liabilities exclude transfers-bemeen segments and are transfer priced on a gross basis.

2, A

MUMBAI

Notes :

1. Consolidated statement of Assets and Liabilities is given below:

   R in crore)

   Particulars	As at 30.06.2026	As at 30.06.2025	As at 31.03.2026
   	Unaudited	Unaudited	Audited
   CAPITAL AND LIABILITIES Capital Employees stock options / units outstanding Reserves and surplus Minority interest Deposits Borrowings Other liabilities and provisions Policyholders' funds	1540.13 d894.56 599871.21 23079.48 3167330.55 565871.38 226751.15 382135.20	766.79 4043.72 537823.51 20513.68 27564B7.50 599612.B1 198051.73 338748.30	1539.34 4545.11 579975.02 22384.96 3o99s38.2g 588484.55 252977.53 358496.04
   Total	4971473.66	4456048.04	4908040.84
   ASSETS Cash and balances with Reserve Bank of India Balances with banks and money at call and short notice Investments Advances Fixed assets Other assets	150579.79 87186.84 1339916.99 3156014.45 16333.29 221442.30	142561.88 72050.90 1265771.54 2735109.92 15439.01 225114.79	200707.11 111218.94 1280216.29 3050783.23 16491.59 248623.68
   Total	4971473.66	4456048.04	4908040.84

2. The above financial results represent the consolidated financial results of HDFC Bank Limited and its subsidiaries including Employee Welfare Trust ('EWT') which is consolidated as a subsidiary (together referred to as the "Group" herein). These financial results have been approved by the Board of Directors of the Bank at its meeting held on July 18, 2026. The financial results for the quarter ended June 30, 2026 have been subjected to a "Limited Review" by the joint statutory auditors of the Bank viz. Batliboi & Purohit, Chartered Accountants and B S R & Co. LLP, Chartered Accountants. The financial results for the quarter ended June 30, 2025 were reviewed by the Bank's joint statutory auditors - Price Waterhouse LLP, Chartered Accountants and Batliboi & Purohit, Chartered Accountants.

These financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ("the RBI") from time to time, the Insurance Regulatory and Development Authority of India ("IRDAI") to the extent applicable for insurance entities and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations") as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable.

1. The Group has applied significant accounting policies in the preparation of. these consolidated financial results consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2026. Any relevant circular / direction issued by the RBI and other regulator(s) is implemented prospectively when it becomes applicable, unless specifically required under that circular / direction.

2. The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full

   financial year 2025-26 and the published year to date figures upto December 31, 2025.

3. During the year ended March 31, 2026, the shareholders of the Bank had approved, through postal ballot, the issuance of bonus shares, in the proportion of 1:1, i.e. 1 (One) bonus equity share of 7 1/- each for every 1 (One) fully paid-up equity share held as on the record date. Accordingly, the Bank allotted 7,67,70,39,761 equity shares as bonus shares on August 28, 2025 by utilisation of share premium. All shares and per share information in the financial results reflect the effect of bonus shares issuance retrospectively.

   MUMBAI

   
   
   
   
   

4. During the quarter ended June 30, 2026, the Bank has allotted 79,59,164 equity shares pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.

5. During the quarter ended June 30, 2025 and year ended March 31, 2026, the Bank made a floating provision of 7 9,000.00 crore in line with the Board approved policy.

6. On June 25, 2025, the Bank's subsidiary company, HDB Financial Services Limited ("HDBFS") launched its initial public offering ("IPO"), comprised of a fresh issuance of equity shares aggregating to 7 2,500.00 crore and an offer for sale ("OFS") of equity shares by the Bank, aggregating to 7 10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares of 7 10/- each of HDBFS at 7 740/- per share, fora consideration aggregating to 7 10,000.00 crore. In the Consolidated Financials, profit on sale of investment was considered as the difference between the sale consideration and the Bank's share in the carrying amount of HDBFS's net assets (to the extent of sale), as of the date of sale. Consequently, during the quarter ended June 30, 2025, the net gain recognised by the Bank in the Consolidated Financials, on sale of shares under the OFS was 7 6,949.27 crore (before tax and net of estimated IPO related expenses). For the year ended IVlarch 31, 2026, the net gain recognised by the Bank on sale of shares under the OFS was 7 7,000.27 crore (before tax and net of IPO related expenses).

7. The Bank has been allotted 1,45,23,906 equity shares of HDFC Life Insurance Company Limited ("HDFC Life") on June 16, 2026 for a consideration of 7 1,000.00 crore on preferential basis. The Bank's shareholding in HDFC Life stood at 50.54% as at June 30, 2026.

8. As intimated to the Stock Exchanges on March 24, 2026, the Bank had appointed external law firms (domestic and international) to conduct a review in relation to the resignation letter of the Bank's former Part-time Ghairman and Independent Director, Mr. Atanu Chakraborty. The Bank has subsequently informed the Stock Exchanges on June 26, 2026 of the conclusion of the said legal review and that the external law firms found that Mr. Chakraborty's statement in his resignation letter and its implications were not substantiated by the records reviewed and witness interviews. The conclusion of the review has no impact on the financial results of the Bank. The Bank continues to be committed to corporate governance standards and remains adequately capitalised in accordance with the regulatory requirements.

9. As intimated to the Stock Exchanges on September 26, 2025, the Bank's branch at the Dubai International Financial Centre ("DIFC Branch") received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority ("DFSA"), prohibiting, amongst other things, the branch from soliciting or conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank is taking necessary steps to comply with the directives in the above-referred notice.

   The business undertaken at the DIFC Branch is not material to the Bank's operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.

10. Other income includes commission income from non-fund based banking activities, fees, earnings from foreign

    exchange and derivative transactions, protit and loss (including revaluation) from investments, and recoveries from accounts previously written off.

11. In accordance with the RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Framework. These disclosures would be available on the Bank's website at the following link: https://www.hdfc.bank.in/about-us/regulatory-disclosures. The disclosures have not been reviewed by the statutory auditors.

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

13. 7 10 million = T 1 crore

    MUMBAI

    
    
    
    
    
    
    

    Sashidhar Jagdishan Managing Director DIN-08614396

    B SR & Co. LLP

    Chartered Accountants

    l4th Floor, Central B Wing & North C Wing Nesco IT Park 4, Nesco Center

    Western Express Highway, Goregaon (East) Mumbai - 400063, India

    Batliboi & Purohit Chartered Accountants National Insurance Building, 2'd Floor, 204, D N Road, Fort, Mumbai - 400001

    Independent Auditors' limited review report on unaudited consolidated financial results of HDFC Bank Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of Itidia (Listing Obligation and Disclosure Requirements) Regulations 2015, as amended

    To the Board of Directors of HDFC Bank Limited

    1. We have reviewed the accompanying statement of unaudited consolidated financial results of HDFC Bank Limited (hereinafter referred to as "the Parent"/ "the Bank"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30 June 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"), except for the disclosures prescribed by the Reserve Bank ofIndia ("the RBI") relating to consolidated Pillar 3 disclosures as at 30 June 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Parent's website and in respect of which a link has been provided in Note 14 to the Statement and have not been reviewed by us. We have initialed the Statement for identification purpose only.

    2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting" ("AS 25"), prescribed under Section 133 of'tnc Co'iipanies Act, 2013, the relevant provisions of the R9»ins Regulation Act, 1949, circulars, guidelines and master directions issued by the RBI ("the RBI Guidelines") as applicable, and guidelines issued by Insurance Regulatory and Development Authority of India ("the IRDAt Guidelines") as applicable, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

    3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily ofpersons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audil conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all signi ficant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

       We also performed pi'ocedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) oflhe Listing Regulations, to the extent applicable.

    4. The Statement includes the results of the entities referred in Annexui-e I,

       
       
       

    5. Based on out review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of auditors refer i ed to in paragraph 6, 7 and 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accoi dance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, the RBI Guidelines, as applicable, the IRDAI guidelines, as applicable and other accounting principles generally accepted in India, has not disclosed the infoi'ination required to be disclosed in tends of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, except for the disclosures relating to consolidated Pillar 3 disclosure as at 30 June 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Parent's website and in respect of which a link has been provided in Note 14 to the Statement and have not been reviewed by us, or that it contains any iriaterial misstatement.

    6. The Statement includes the consolidated interim financial information of one subsidiary and the standalone interim financial information of four subsidiaries whose interim financial information reflect total assets (before consolidation adjustments) of Rs. l,49,936.53 crore as at 30 June 2026 and total revenues (before consolidation adjustments) of Rs. 6,430.13 crore and total net profit after tax (before consolidation adjustments) of Rs. 1,047.76 crore for the quarter ended 30 June 2026, as considered in the Statement. This interim financial jnforination has been reviewed by other auditors whose review reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the i eview i eports of the other auditors and the procedures perfonned by us as stated in paragraph 3 above.

       Our conclusion on the Statement is not modified in respect of this matter.

    7. The Statement includes the consolidated interim financial information of one subsidiary and the standalone interim financial information of two subsidiaries whose interim financial infonration rcllect total assets (before consolidation adjustments) of Rs. 9,172.09 crore as at 30 June 2026 and total revenues (before consolidation adjustments) of Rs. 1,629.50 crore and total net profit after tax (before consolidation adjustments) ofRs. 828.35 crore for the quarter ended 30 June 2026, as considered in the Statement, has been reviewed by one of the joint auditors of the Parent and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the review reports issued by the said auditors of these subsidiaries and the procedures perfor rued by us as stated in paragraph 3 above.

       Our conclusion on the Statement is not modified in respect of this matter.

       
       
       
       
       

    8. The Statement includes the consolidated interim financial information of one subsidiary and the standalone interim financial infonnation of one subsidiary whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 4,48,06 1.91 crore as at 30 June 2026 and total revenues (before consolidation adjustments) ofRs. 3.6,173.21 crore and total net profit after tax (before consolidation adjustments) ofRs. 8.16.06 crore for the quarter ended 30 June 2026, as considered in the Statement, has been reviewed by one of the joint auditors of the Parent along with other joint auditor of the respective subsidiaries and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the review reports issued by the said joint auditors of these subsidiaries and the procedures performed by us as stated in paragraph 3 above.

       2

       Chartered Accoiintants

       Our conclusion on the Statement is not modified in respect of this matter.

       Chartered Accountants

    9. The Statement includes the interim financial infonration of an Employee Welfare Trust which has not been reviewed, whose interim financial infonration reflect total assets (before consolidation adjustiiients) of Rs. 891.62 crore as at 30 June 2026 and total revenue (before consolidation adjustments) of Rs. 150.28 crore and net profit after tax (before consolidation adjustments) of Rs.

       126.69 crore for the quarter ended 30 June 2026, as considered in the Statement. According to the infoi'ination and explanations given to us by the Parent's management, this interim financial information is not rnaterlal to the Group.

       Our conclusion on the Statement is not modified in respect of this matter.

    10. The joint statutory auditors of HDFC Life Insurance Company Limited ("HDFC Life") vide their review report dated 16 July 2026 have expressed an unmodified conclusion and have reported that "the actuarial valuation of liabilities for life policies in for ce and for policies in respect of which premium has been discontinued but liability exists as at 30 June 2026 is the responsibility of HDFC Life's Appointed Actuary (the "Appointed Actuary"). The actuarial valuation of these liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 June 2026 has been duly certified by the Appointed Actuary and inher opinion, the assumptions for such valuation are in accordance with the guidelines and nouns issued by the Insurance Regulatory and Development Authority of India ("IRDAI") and the Institute of Actuaries of India in concurrence with the IRDAI. We have relied upon the Appointed Actuary's certificate in this regard for forming our conclusion on the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists, as contained in the group reporting pack of HDFC Life."

        Our conclusion on the Statement is not modified in i'espect of this matter.

    11. The joint statutory auditor s of HDFC ERGO General Insurance Company Limited ("HDFC ERGO") vide their review report dated 13 July 2026 have expressed an unmodified conclusion and have reported that "the valuation of Incurred but Not Reported ("IBNR") and Incurred but Not Enough Reported ("IBNER") liabilities for non-life policies is the responsibility of HDFC ERGO's Appointed Actuary (the "Appointed Actuary"). The actuarial valuation of the outstanding claims reserves, Premium Deficiency Reserve ("PDR") and IBNR including IBNER reserve as at 30 June 2026 have been certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with the guidelines and nouns issued by the Insurance Regulatory and Development Authority of India (the "Authority") and the Institute of Actuaries of India in concurrence with the Authority. We have relied upon the Appointed Actuary's certificate in this regard dui'ing our review of the valuation of liabilities for outstanding claims reserve, PDR, IBNR and IBNER Reserve, as contained in the group reporting pack of HDFC ERGO".

        
        
        
        
        

        Our conclusion on the Statement is not modified in respect of this matter.

        3

    12. The consolidated financial results ofthe Group for the com esponding quarter ended 30 June 2025 were reviewed jointly by one ofthe joint auditors along with predecessor auditor whose report dated 19 July 2025 had expressed an unmodified conclusion.

For B S R & Co. LLP

Chartered Accountants

Finn's Registr 'on No. 10 l248W/W-100022

Su Soni

P lner

Membership No. 041870

UDIO: 26041870GKNRHZ4725

Place: Mumbai Date: 18 July 2026

For Batliboi & Purohit

Chai-tered AcCountants

Finn's Registration No. 101048W

Janalc Mehta

Partners

Membership No. 116976 UDIN: 26116976KJDYQU8402

Place: Mumbai Date: 18 July 2026

4

Chartered Accountants Chartered Accountants

Annexure I

List of entities included in the Statement.

Parent entity HDFC Bank Limited

Subsidiaries