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. |