Group 1: Market Overview - As of September 23, 2024, three stocks in the financial sector are showing signs of being overbought, which may concern momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator that helps traders assess stock performance by comparing price strength on up days versus down days [2] Group 2: Company-Specific Insights - **ICICI Bank Ltd (IBN)**: The stock has increased approximately 10% over the past month, reaching a 52-week high of $31.60, with an RSI value of 79.28. On the last trading day, shares closed at $31.38 after a 2% gain [3] - **HDFC Bank Ltd (HDB)**: The stock has risen around 8% in the last month, achieving a 52-week high of $67.44. The RSI value stands at 79.06, and shares closed at $65.73 after a 1.4% increase [4] - **Jefferies Financial Group Inc (JEF)**: The stock gained about 6% over the past five days, with a 52-week high of $62.67 and an RSI value of 70.42. However, shares fell 0.4% to close at $62.07 [5]

Investors with an interest in Banks - Foreign stocks have likely encountered both Mizuho (MFG) and HDFC Bank (HDB) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earning ...

Financial Performance - HDFC Bank's total income for the quarter ended March 31, 2024, was ₹89,639 crore, a 66.5% increase from ₹53,851 crore in the same quarter last year[5]. - The net profit for the same quarter was ₹16,512 crore, up 37.2% from ₹12,047 crore year-over-year[5]. - Interest earned increased to ₹71,473 crore for the quarter, compared to ₹45,119 crore in the same quarter last year, reflecting a growth of 58.5%[5]. - Operating profit before provisions and contingencies was ₹29,274 crore, an increase of 57.1% from ₹18,621 crore in the same quarter last year[5]. - The company reported a profit before tax of ₹70,895.3 million, reflecting a significant increase compared to the previous period[2]. - The consolidated profit after tax for the quarter ended March 31, 2024, was ₹176.2 billion, up 39.9% compared to ₹126.0 billion for the quarter ended March 31, 2023[36]. - The net profit for the quarter was ₹17,622.38 crore, up from ₹12,594.47 crore in the same quarter last year, reflecting a year-over-year increase of 40.1%[22]. Asset and Liability Management - The bank's capital adequacy ratio stood at 18.80%, slightly up from 18.39% in the previous quarter[5]. - Gross non-performing assets (NPAs) were reported at ₹31,173 crore, with a gross NPA ratio of 1.24%[5]. - The total assets of the company stood at ₹3,617,623.0 million, showcasing a robust financial position[1]. - The total liabilities of the company were ₹3,617,623.0 million, maintaining a balanced capital structure[1]. - The bank's total assets as of March 31, 2024, were ₹4,030,194.26 crore, compared to ₹2,530,432.44 crore a year earlier, representing a growth of 59.3%[23]. - The total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.8% as of March 31, 2024, above the regulatory requirement of 11.7%[50]. Revenue Segments - Retail banking segment revenue reached ₹65,065 crore for the quarter, compared to ₹40,161 crore in the same quarter last year, marking a growth of 62.1%[7]. - The treasury segment reported a revenue of ₹20,553 crore, significantly up from ₹9,483 crore year-over-year[7]. - The insurance business segment generated a revenue of ₹31,001.94 crore for the quarter, with a year-over-year increase as it was not reported in the previous year[23]. - The Treasury segment reported a revenue of ₹20,553.30 crore for the quarter, compared to ₹9,482.54 crore in the same quarter last year, an increase of 116.4%[23]. Cash Flow and Investments - The company reported a net cash flow from operating activities of $3,501.4 million, reflecting a significant increase compared to previous periods[1]. - Cash flows from investing activities were reported at $709.4 million, indicating a strong investment strategy[4]. - The company made investments totaling ₹702,414.9 million, indicating a focus on growth and expansion[1]. - The company’s investments increased to ₹1,005,681.63 crore as of March 31, 2024, compared to ₹511,581.71 crore in the previous year, showing a growth of 96.6%[1]. Shareholder Returns - HDFC Bank's diluted earnings per share (EPS) for the quarter was ₹21.67, compared to ₹21.49 in the previous quarter[5]. - A proposed dividend of ₹19.50 per share was announced, up from ₹19.00 per share in the previous year, subject to approval at the Annual General Meeting[13]. - The company paid dividends during the period totaling $840.4 million, maintaining a strong return to shareholders[7]. - The Board proposed a dividend of ₹19.50 per share for the year, up from ₹19.00 per share in the previous year, subject to approval at the Annual General Meeting[29]. Strategic Initiatives and Future Outlook - The company plans to enhance its market presence through strategic investments and potential acquisitions in the upcoming quarters[2]. - Future guidance indicates a focus on increasing operational efficiency and exploring new market opportunities[2]. - HDFC Bank is focused on technological changes and the marketing of new products as part of its strategic initiatives[62]. - The bank is also monitoring the impact of regulatory changes and economic conditions on its operations and financial performance[62]. Operational Metrics - The Bank's distribution network expanded to 8,738 branches and 20,938 ATMs across 4,065 cities/towns as of March 31, 2024, compared to 7,821 branches and 19,727 ATMs as of March 31, 2023[52]. - The Bank's gross non-performing assets (GNPA) ratio improved to 1.24% as of March 31, 2024, compared to 1.12% as of March 31, 2023[53]. - The Bank's deposits increased to ₹2,376,887.28 crore as of March 31, 2024, compared to ₹1,882,663.25 crore a year earlier, reflecting a growth of 26.3%[1].

Investors interested in Banks - Foreign stocks are likely familiar with Banco Santander (SAN) and HDFC Bank (HDB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks ...

Exhibit 99 LEADING RESPONSIBLY Delivering Quality Customer Experiences relubinu aut of Builthed Purer Supporting Businesses r Chabling Smart Banking sailiunumon Curientalian and HDFC BANK Integrated Annual Report 2022-23 LEADING RESPONSIBLY HDFC Bank has solidified its position as a trusted financial institution in India. As a responsible leader, the Bank is committed to contributing to Nation Building. By mobilising financial resources and expertise, it actively participates in initiatives that fulfil indi ...

HDFC Bank Limited (NYSE:HDB) Q2 2024 Earnings Conference Call October 16, 2023 8:30 AM ET Company Participants Srinivasan Vaidyanathan - Chief Financial Officer Sashi Jagdishan - Managing Director and Chief Executive Officer Conference Call Participants Mahrukh Adajania - Nuvama Kunal Shah - Citigroup Parag Thakkar - Anvil Wealth Atul Mehra - Motilal Oswal Suresh Ganapathy - Macquarie Rajiv Pathak - GeeCee Holdings Saurabh Kumar - JPMorgan Piran Engineer - CLSA Manish Shukla - Axis Capital Operator Srinivas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 HDFC BANK LIMITED (Translation of registrant's name into English) HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai. 400 013, India (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101( ...

Currency Exchange and Economic Growth - The Indian rupee depreciated by 6.3% against the US dollar in fiscal year 2019, with a range between Rs. 74.4 and Rs. 64.85 per US$ 1.00[20] - In fiscal year 2020, the rupee further depreciated, ranging from Rs. 76.37 to Rs. 68.40 per US$ 1.00, amid weak global demand and low domestic economic growth[20] - The rupee appreciated by 2.8% in fiscal year 2021, trading between Rs. 75.08 and Rs. 73.14 per US$ 1.00, supported by robust foreign flows[20] - In fiscal year 2022, the rupee depreciated by 3.8% against the US dollar, with a range of Rs. 77.07 to Rs. 72.37 per US$ 1.00[20] - Global growth slowed to 2.9% in 2019 and further declined by 3.1% in 2020 due to the COVID-19 pandemic, according to IMF estimates[29] - The global economy regained strength in 2021, with growth at 6.1%, but is expected to slow down to 3.6% in 2022 due to geopolitical tensions and rising commodity prices[29] - India's GDP contracted by 23.8% in Q1 FY2021, but rebounded with 0.7% growth in Q3 FY2021 and 2.5% growth in Q4 FY2021[30] - For FY2022, India's GDP growth was 8.7%, recovering from a decline of 6.6% in FY2021[31] Financial Performance and Services - The company aims to be the preferred provider of financial services across various markets in India, focusing on high-quality services and advanced technology platforms[26] - The company offers a comprehensive range of financial products, including retail banking, wholesale banking, and treasury operations[28] - The non-banking finance company subsidiary, HDB Financial Services Limited, provides a variety of loans and asset finance products[28] - The company is a leading stock brokerage provider in India through its subsidiary HDFC Securities Limited, offering services across multiple asset classes[28] - The bank's net income increased from Rs. 326.0 billion in FY2021 to Rs. 386.0 billion in FY2022[36] - The proposed amalgamation with HDFC Limited is expected to enhance the bank's housing loan portfolio and customer base[41] - The share exchange ratio for the proposed transaction is set at 42 equity shares of HDFC Bank for every 25 equity shares of HDFC Limited[41] - The bank's total capital adequacy ratio was 18.90% as of March 31, 2022, with a Common Equity Tier I ratio of 16.67%[36] - The bank's net interest margin was 4.4% in fiscal year 2021 and 4.3% in fiscal year 2022, reflecting stable profitability[50] Banking Infrastructure and Customer Base - As of March 31, 2022, the bank had 6,342 branches and 18,130 ATMs, serving 71.0 million customers[36] - HDFC Bank had 6,342 branches and 18,130 ATMs/CDMs across 3,188 cities and towns as of March 31, 2022, with 50.2% of branches located in semi-urban and rural areas[50] - The bank is the largest credit card issuer in India with 16.5 million cards outstanding as of March 31, 2022[48] - The current and savings account deposits as a percentage of total deposits were 48.1% as of March 31, 2022, supporting a low-cost funding base[50] - Retail deposits represented approximately 81.1% of total deposits as of March 31, 2022, with a total value of Rs. 12,635,907.3 million[111] Digital Transformation and Technology - The bank's digital transformation initiatives include the launch of a unified omni-channel experience through the Backbase platform and enhancements to mobile banking capabilities[54][65] - The "Project Future Ready" initiative aims to drive growth through technology and digital platforms, focusing on new customer journeys and innovative products[57][58] - HDFC Bank's technology investments include a hybrid-cloud approach and significant upgrades to IT infrastructure, enhancing capacity and resilience[62][66] - The capacity for unified payment interface (UPI) has been tripled, and net banking and mobile banking capacity has been doubled to manage 90,000 users concurrently[96] - The bank aims to reduce recovery time objectives (RTO) for key applications to 40-60 minutes, which has been completed for critical applications as planned[96] Risk Management and Credit Strategy - The company has implemented comprehensive risk management policies to address credit risk, market risk, liquidity risk, interest rate risk, and operational risk[179] - The credit rating framework includes a model scale of 1 to 10, with HDB 1 to HDB 7 classified as "investment grade" ratings[188] - The retail credit portfolio includes products such as auto loans, personal loans, and mortgage loans, designed for high volumes of small-value transactions[191] - The credit approval process is based on a three-tier system, requiring approvals from credit approvers with specific credit skills and experience[201] - The wholesale credit strategy targets leading private businesses and public-sector enterprises, with a comprehensive credit risk assessment for counterparties[197] Economic Initiatives and Government Support - The government allocated Rs. 1.9 trillion to the Production Linked Incentive Scheme over five years to boost production in various sectors, including textiles and pharmaceuticals[77] - The Emergency Credit Line Guarantee Scheme was extended until March 2023, increasing the cover to Rs. 5 trillion, which supports lending to micro, small, and medium enterprises (MSMEs)[80] - The anticipated shift in global value chains away from China presents unique opportunities for India across various sectors, including textiles and pharmaceuticals[81] Environmental and Social Responsibility - The company aims to achieve carbon neutrality in its operations by fiscal year 2032, with ongoing investments in renewable energy and energy efficiency projects[73] - The company has introduced a new ESG assessment framework in corporate lending to enhance the evaluation of ESG and climate change issues[75] - The company has been focusing on financial inclusion programs aimed at underserved populations, particularly in India, to empower economically weaker sections of society[125] Revenue and Tax Collection - In fiscal year 2021, the company collected Rs. 3,028 billion in direct taxes for the Government of India, which increased to Rs. 4,089 billion in fiscal year 2022, representing a growth of 35.1%[156] - The company collected Rs. 1,657 billion in Goods and Services Tax (GST) and other indirect taxes in fiscal year 2021, which rose to Rs. 2,247 billion in fiscal year 2022, marking a 35.6% increase[156] Transactional Services and Market Presence - The company aims to expand its transactional services by providing more services to government entities, leveraging its tax collection capabilities[156] - The company has a presence in international markets with banking outlets in Bahrain, Hong Kong, and the Dubai International Finance Centre, catering to overseas clients[171] - The company provides custodial services to domestic and foreign investors, including safekeeping of securities and trade settlement, enhancing its service offerings in the financial market[153] - The company managed notional principal amounts of Rs. 2,029,651.4 million in interest rate swaps and forward rate agreements as of March 31, 2022, with a fair value of Rs. 225.1 million[163]

Washington, D.C. 20549 Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2022 Commission File Number 001-15216 HDFC BANK LIMITED (Translation of registrant's name into English) HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai. 400 013, India (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports un ...