Financial Results including the audited standalone and consolidated financial results of the Bank for the quarter and year ended March 31, 2026.

Results including the audited standalone and consolidated financial results of the Bank for the quarter and year ended March 31, 2026 (“Results”)

Audit Reports issued by the Joint Statutory Auditors of the Bank

Press Release on the Results

The Bank paid a special interim dividend of ₹ 2.50 per equity share of ₹ 1 each (adjusted for bonus) on August 11, 2025. The Board of Directors have now recommended a final dividend of ₹ 13.00 per equity share of ₹ 1 for the year ended March 31, 2026. This would be subject to approval of the shareholders at the forthcoming annual general meeting. With this, the total dividend for the year ended March 31, 2026 would be ₹ 15.50 per equity share of ₹ 1 each for the year ended March 31, 2026. The record date for determining the eligibility of members entitled to receive the said dividend shall be Friday, June 19, 2026.

Issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds for Financing Infrastructure Sub-Sectors up to total amount of Rs. 60,000 crore (Rupees Sixty thousand crore) during the period of twelve months from the date of shareholders’ approval, through private placement mode.

Amendments to the Employee Stock Incentive Scheme, 2022 which is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 subject to the approval of the shareholders by way of Postal Ballot. The details of the proposed amendments are enclosed herewith as Annexure I.

The name of “Nomination and Remuneration Committee” is changed to “Governance, Nomination and Remuneration Committee” with effect from October 30, 2025, thus references to the said committee in the Stock Incentive Plan have been revised accordingly.

Changes to reflect the present applicable laws, directions, regulations, accounting standards, etc. are being carried out.

Extension of the validity of the Stock Incentive Plan 2022 to enable the carry-forward of the unutilized pool of RSUs as approved by the shareholders through postal ballot on May 14, 2022 for an additional period of 5 (five) years i.e. till May 13, 2031.

Sub-Clause (g) of Clause B of the Stock Incentive Plan already provides for the authority of Governance, Nomination and Remuneration Committee (“GNRC”) to determine treatment of RSUs in case of termination of employment for misconduct/misdemeanor, subject to disciplinary proceedings, or in case of death, or permanent disability, or otherwise. In furtherance of the same, it is clarified that the GNRC shall also have the authority to decide the treatment of RSUs, including but not limited to cancellation, forfeiture, or modification of Vesting and/or Exercise rights, based on the outcome of any disciplinary proceedings in the event that an Employee is subject to any disciplinary proceedings, investigation, or regulatory action, whether prior to or after the grant of RSUs, and/or suspension of RSUs pending any disciplinary proceedings or appeals or review, as the case may be.

Modification in the clause pertaining to criteria for grant of RSUs, wherein:

employment status (such as employees on sabbatical or other approved leave) is proposed to be included as an additional criterion to be considered by the GNRC; and

a carve-out is proposed for newly inducted employees to ensure that the criteria such as grade, performance, merit, length of service, conduct of the Employee and such other relevant factors are not applicable in case of grant to such employees.

Change in the maximum number of RSUs from 15,000 RSUs (adjusted to 30,000 RSUs post the Bonus Issue) to 50,000 RSUs to be granted to an individual employee per annum under the Stock Incentive Plan 2022 to support employee recognition and retention.

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Standalone statement of Assets and Liabilities is given below:

Standalone statement of Cashflows is given below:

The above standalone financial results have been approved by the Board of Directors of the Bank at its meeting held on April 18, 2026. The financial results for the year ended March 31, 2026 have been subjected to an audit 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 year ended March 31, 2025 were audited 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 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. Basis nature of the Bank’s business, applicable ratios under the said regulations are disclosed.

The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements. Any circular / direction issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars / directions.

The figures of the last quarter in each of the financial years 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 the third quarter of the respective financial years.

During the year ended March 31, 2026, the shareholders of the Bank have approved, through postal ballot, the issuance of bonus shares, in the proportion of 1:1, i.e. 1 (One) bonus equity share of ₹ 1/- each for every 1 (One) fully paid-up equity share held as on the record date. Accordingly, the Bank has 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.

The Board of Directors of the Bank at its meeting held on April 18, 2026, has proposed a final dividend of ₹ 13.00 per share, subject to approval of the members at the ensuing Annual General Meeting (AGM). Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratio.

During the quarter and year ended March 31, 2026, the Bank has allotted 87,91,112 and 6,41,06,893 equity shares respectively, pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.

During the year ended March 31, 2026, the Bank has made a floating provision of ₹ 9,000.00 crore in line with the Board approved policy.

Disclosure under resolution framework for COVID-19-related stress as at March 31, 2026, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025, are given below:

Disclosures on the details of loans transferred / acquired and co-lending arrangements during the quarter ended March 31, 2026, as per the Reserve Bank of India (Commercial Banks—Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025, are given below:

Details of non-performing assets (NPAs) transferred:

The Bank has not transferred / acquired any loans not in default.

The Bank has not acquired any stressed loans (Non-performing assets and Special Mention Accounts).

The Bank has not transferred any Special Mention Accounts.

Details of ratings of Security Receipts (SRs) outstanding as on March 31, 2026 are given below:

The Bank has not entered into any co-lending transactions during the quarter.

Disclosure related to Project Finance for the quarter ended March 31,2026, 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

1. Projects under implementation accounts at the beginning of the quarter

2. Projects under implementation accounts sanctioned during the quarter

3. Projects under implementation accounts where DCCO has been achieved during the quarter

4. Projects under implementation accounts at the end of the quarter

5. Out of ‘4’ – accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be has been invoked

5.1. Out of ‘5’ – accounts in respect of which Resolution plan has been implemented

5.2. Out of ‘5’ – accounts in respect of which Resolution plan is under implementation

5.3. Out of ‘5’ – accounts in respect of which Resolution plan has failed

6. Out of ‘5’, accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be has been invoked due to change in scope and size of the project

7. Out of ‘5’, account in respect of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded

7.1. Out of ‘7’, accounts where SBCF was sanctioned during financial closure and renewed continuously

7.2. Out of ‘7’, accounts where SBCF was not pre-sanctioned or renewed continuously

8. Out of ‘4’ – accounts in respect of which resolution process not involving extension in original / extended DCCO, as the case may be has been invoked

8.1. Out of ‘8’ – accounts in respect of which Resolution plan has been implemented

8.2. Out of ‘8’ – accounts in respect of which Resolution plan is under implementation

8.3. Out of ‘8’ – accounts in respect of which Resolution plan has failed

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

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 ₹ 2,500.00 crore and an offer for sale (“OFS”) of equity shares by the Bank, aggregating to ₹ 10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares of ₹ 10/- each of HDBFS at ₹ 740/- per share, for a consideration aggregating to ₹ 10,000.00 crore. Consequently, the net gain to the Bank on sale of shares under the OFS is ₹ 9,179.40 crore (before tax and net of IPO related expenses) during the year ended March 31, 2026.

On November 21, 2025, the Government of India notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’, consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs on December 30, 2025, to facilitate assessment of the financial impact arising from these regulatory changes. Accordingly, the Bank has recognised an estimated incremental impact of ₹ 800.00 crore under ‘Employees cost’ in the Profit and Loss Account during the quarter ended December 31, 2025 and year ended March 31, 2026, considering best information available. The Bank continues to monitor the finalisation of Central and State Rules and clarifications from the Government on the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, as needed.

At its meeting held on April 16, 2026, the Board of Directors of the Bank approved an investment of up to ₹ 1,000.00 crore in the proposed preferential issue of equity shares by HDFC Life Insurance Company Limited, a subsidiary of the Bank, in one or more tranches. The investment will be made in accordance with applicable SEBI ICDR Regulations and is subject to necessary approvals, including from the Reserve Bank of India.

Provision for tax during the year ended March 31, 2026 is net of write back of provision no longer required of ₹ 1,144.46 crore, pursuant to favourable orders received.

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.

As intimated to the Stock Exchanges on March 24, 2026, the Board of Directors of the Bank approved the appointment of external law firms (domestic and international) to conduct a review related to the resignation letter of the Bank’s former Part-time Chairman and Independent Director, Mr. Atanu Chakraborty. The Bank does not expect any material impact on the financial statements as of and for the year ended March 31, 2026, arising from the external law firms` review, which is currently in progress. The Bank continues to be committed to corporate governance standards and remains adequately capitalised in accordance with the regulatory requirements.

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

₹ 10 million = ₹ 1 crore

Place: Mumbai

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