HDFC BANK LIMITED

(Registrant)

By IsI Santosh Haldankar

Particulars

Interest Earned (a)+(b)+(c)+(d)

a) Interest / discount on advances / bills

b) Income on investments

c) Interest on balances with Reserve Bank of India and other inter bank funds

d) Others

Other Income

Total Income (1)+(2)

Interest Expended

Operating Expenses (i)+(ii)

i) Employees cost

ii) Other operating expenses

Total Expenditure (4)+(5) (excluding Provisions and Contingencies)

Operating Profit before Provisions and Contingencies

(3)-(6)

Provisions (other than tax) and Contingencies

Exceptional Items

Profit / (Loss) from Ordinary Activities before tax

(7)-(8)-(9)

Tax Expense

Net Profit / (Loss) from Ordinary Activities after tax

(10)-(11)

Extraordinary items (net of tax expense)

Net Profit / (Loss) for the period (12)-(13)

Paid up equity share capital (Face Value of ₹ 1/- each)

Analytical Ratios

(i) Percentage of shares held by Government of India

(ii) Capital Adequacy Ratio

(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized

(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized

(a) Gross NPAs

(b) Net NPAs

(c) % of Gross NPAs to Gross Advances

(d) % of Net NPAs to Net Advances

(v) Return on assets (average) - not annualized

Particulars

1

a)

b)

c)

d)

e)

2

a)

b)

c)

d)

e)

3

a)

b)

c)

d)

e)

4

a)

b)

c)

d)

e)

5

a)

b)

c)

d)

e)

Statement of Assets and Liabilities as at September 30, 2020 is given below:

Particulars

CAPITAL AND LIABILITIES

Capital

Reserves and Surplus

Deposits

Borrowings

Other Liabilities and Provisions

Total

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

Total

Statement of Cash flow as at September 30, 2020 is given below:

Particulars

Cash flows from / (used in) operating activities:

Profit before income tax

Adjustments for:

Depreciation on fixed assets

(Profit) / Loss on revaluation of investments

Amortisation of premium on held to maturity investments

(Profit) / loss on sale of fixed assets

Provision / charge for non performing assets

Provision for standard assets and contingencies

Dividend from subsidiaries

Adjustments for:

(Increase) / decrease in investments

(Increase) / decrease in advances

Increase / (decrease) in deposits

(Increase) / decrease in other assets

Increase / (decrease) in other liabilities and provisions

Direct taxes paid (net of refunds)

Net cash flow from / (used in) operating activities

Cash flows used in investing activities:

Purchase of fixed assets

Proceeds from sale of fixed assets

Dividend from subsidiaries

Net cash flow used in investing activities

Cash flows from / (used in) financing activities:

Proceeds from issue of share capital, net of issue expenses

Redemption of Tier II capital bonds

Increase / (decrease) in other borrowings

Dividend paid during the period (including tax on dividend)

Net cash flow from / (used in) financing activities

Effect of exchange fluctuation on translation reserve

Net increase / (decrease) in cash and cash equivalents

Cash and cash equivalents as at April 1st

Cash and cash equivalents as at the period end

The above financial results have been approved by the Board of Directors at its meeting held on October 17, 2020. The financial results for the quarter and half year ended September 30, 2020 have been subjected to an audit by the statutory auditors of the Bank. The report thereon is unmodified.

The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended March 31, 2020.

The figures for the second quarter in each of the financial years are the balancing figures between audited figures in respect of the half year end and the published year to date figures upto the end of the first quarter of the respective financial year.

During the quarter and half year ended September 30, 2020, the Bank allotted 1,34,25,596 and 2,04,17,696 equity shares respectively pursuant to the exercise of options under the approved employee stock option schemes.

Consequent to the outbreak of COVID-19 pandemic, the Indian government had announced a lockdown in March 2020. Subsequently, the lockdown has been lifted by the government for certain activities in a phased manner outside specified containment zones.

In order to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to ensure the continuity of viable businesses, RBI through its circulars dated March 27, 2020 and April 17, 2020, permitted banks to grant a moratorium, on the payment of installments and / or interest, falling due between March 1, 2020 and May 31, 2020, to their borrowers classified as standard even if overdue, as on February 29, 2020. This period was extended by RBI till August 31, 2020 through its circular dated May 23, 2020. The Bank accordingly extended the moratorium option to its borrowers in accordance with its Board approved policies. For all such accounts where the moratorium is granted, the asset classification shall remain stand still during the moratorium period (i.e. the number of days past-due shall exclude the moratorium period for the purposes of determining whether an asset is non-performing).

Particulars

Provisions made in terms of para 5 of the circular

Provisions adjusted against slippages in terms of paragraph 6 of the circular

Residual provisions as of September 30, 2020 in terms of paragraph 6 of the circular

as of September 30, 2020 in respect of such accounts.

The Honourable Supreme Court of India (Hon’ble SC), in a public interest litigation (Gajendra Sharma Vs. Union of India & Anr), vide an interim order dated September 03, 2020 (“Interim Order”), has directed that accounts which were not declared NPA till August 31, 2020 shall not be declared as NPA till further orders. Basis the said interim order, the Bank has not classified any account which was not NPA as of August 31, 2020 as per the RBI IRAC norms, as NPA after August 31, 2020. Further, in light of the Interim Order, even accounts that would have otherwise been classified as NPA post August 31, 2020 have not been and will not be, classified as NPA till such time that the Hon’ble SC rules finally on the matter.

Other income relates to income (including commission) 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.

Other operating expenses include commission paid to sales agents of ₹ 612.38 crore (previous period: ₹ 741.93 crore) and ₹ 988.86 crore (previous period: ₹ 1,461.76 crore) for the quarter and half year ended September 30, 2020 respectively.

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

₹ 10 lac = ₹ 1 million

Particulars

Interest Earned (a)+(b)+(c)+(d)

a) Interest / discount on advances / bills

b) Income on investments

c) Interest on balances with Reserve Bank of India and other inter bank funds

d) Others

Other Income

Total Income (1)+(2)

Interest Expended

Operating Expenses (i)+(ii)

i) Employees cost

ii) Other operating expenses

Total Expenditure (4)+(5) (excluding Provisions and Contingencies)

Operating Profit before Provisions and Contingencies (3)-(6)

Provisions (Other than tax) and Contingencies

Exceptional Items

Profit / (Loss) from ordinary activities before tax (7)-(8)-(9)

Tax Expense

Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)

Extraordinary items (net of tax expense)

Net Profit / (Loss) for the period (12)-(13)

Less: Share of Profit / (Loss) of minority shareholders

Consolidated Net Profit / (Loss) for the period (14)-(15)

Paid up equity share capital (Face Value of ₹ 1/- each)

Reserves excluding revaluation reserves

Analytical Ratios

(i) Percentage of shares held by Government of India

(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized

(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized

Particulars

1

Segment Revenue

a)

Treasury

b)

Retail Banking

c)

Wholesale Banking

d)

Other Banking Operations

e)

Unallocated

Total

Less: Inter Segment Revenue

Income from Operations

2

Segment Results

a)

Treasury

b)

Retail Banking

c)

Wholesale Banking

d)

Other Banking Operations

e)

Unallocated

Total Profit Before Tax and Minority Interest

3

Segment Assets

a)

Treasury

b)

Retail Banking

c)

Wholesale Banking

d)

Other Banking Operations

e)

Unallocated

Total

4

Segment Liabilities

a)

Treasury

b)

Retail Banking

c)

Wholesale Banking

d)

Other Banking Operations

e)

Unallocated

Total

5

Capital Employed

a)

Treasury

b)

Retail Banking

c)

Wholesale Banking

d)

Other Banking Operations

e)

Unallocated

Total

Consolidated Statement of Assets and Liabilities as at September 30, 2020 is given below:

Particulars

CAPITAL AND LIABILITIES

Capital

Reserves and Surplus

Minority Interest

Deposits

Borrowings

Other Liabilities and Provisions

Total

ASSETS

Cash and balances with Reserve Bank of India

Balances with Banks and Money at Call and Short notice

Investments

Advances

Fixed Assets