RBI clears LIC stake in HDFC Bank up to 9.99%

HDFC BANK LTD (HDB) reports that the Reserve Bank of India has approved Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights.

Rhea-AI Filing Summary

HDFC BANK LTD (HDB) reports that the Reserve Bank of India has approved Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights. As of August 14, 2026, LIC’s beneficial holding in HDFC Bank was 4.11% of total share capital. The approval is tied to LIC’s application and is subject to compliance with Indian banking, foreign exchange, and securities regulations.

Key Figures

Maximum approved LIC holding: 9.99% of paid-up share capital or voting rights LIC current holding: 4.11% of total share capital RBI approval date: August 19, 2026

3 metrics

Maximum approved LIC holding 9.99% of paid-up share capital or voting rights RBI approval referenced to LIC’s application

LIC current holding 4.11% of total share capital Beneficial position as of August 14, 2026

RBI approval date August 19, 2026 Date of RBI letter granting approval to LIC

Key Terms

paid-up share capital, voting rights, beneficial position, Foreign Exchange Management Act, 1999, +1 more

5 terms

paid-up share capital financial

"for acquiring aggregate holding up to 9.99% of the paid-up share capital"

voting rights financial

"up to 9.99% of the paid-up share capital or voting rights in HDFC Bank"

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

beneficial position financial

"As per the latest available beneficial position i.e. as on August 14, 2026"

Foreign Exchange Management Act, 1999 regulatory

"provisions of the Foreign Exchange Management Act, 1999, regulations issued"

Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025 regulatory

"Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What regulatory approval involving HDFC BANK LTD (HDB) and LIC was disclosed?

The Reserve Bank of India approved LIC to acquire up to 9.99% of HDFC Bank’s paid-up share capital or voting rights. This approval follows LIC’s application and is conditioned on compliance with Indian banking, foreign exchange, and securities regulations.

What is LIC’s current stake in HDFC BANK LTD (HDB)?

As of August 14, 2026, LIC held 4.11% of HDFC Bank’s total share capital. RBI’s approval permits LIC to increase this stake up to an aggregate holding of 9.99%, subject to various Indian regulatory conditions.

Does HDFC BANK LTD (HDB) receive any capital from RBI’s approval to LIC?

The disclosure states only that RBI approved LIC’s potential holding up to 9.99% of HDFC Bank’s equity or voting rights. It does not describe any specific capital-raising transaction or cash proceeds to HDFC Bank related to this approval.

What regulations govern LIC’s increased holding in HDFC BANK LTD (HDB)?

LIC’s approved holding up to 9.99% is subject to the Banking Regulation Act, 1949, RBI’s 2025 Directions on bank shareholdings, the Foreign Exchange Management Act, 1999, SEBI regulations, and other applicable statutes and guidelines.

Why did HDFC BANK LTD (HDB) disclose LIC’s RBI approval to the NYSE?

HDFC Bank furnished this information as a disclosure under SEBI Listing Regulations, reporting RBI’s approval for LIC to hold up to 9.99%. The bank stated the disclosure was for information and appropriate dissemination to the New York Stock Exchange.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/20/2026 - 12:12 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of August, 2026

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 under cover of Form 20-F or Form 40-F.

Form 20-F  ☒    Form 40-F ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				HDFC BANK LIMITED
				(Registrant)
Date: August 19, 2026				By:		/s/ Ajay Agarwal
				Name:  Ajay Agarwal
				Title:   Company Secretary      Group Head – Secretarial & Group  Oversight

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.

Exhibit No. 99

Description

Disclosure

Exhibit 99

August 19, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

Pursuant to SEBI Listing Regulations, we would like to inform you that the Reserve Bank of India (“RBI”) vide its letter dated August 19, 2026, has accorded its approval to Life Insurance Corporation of India (“LIC”), for acquiring aggregate holding up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Limited (“the Bank”). As per the latest available beneficial position i.e. as on August 14, 2026, LIC holds 4.11% of the total share capital of the Bank.

The approval has been granted with reference to the application made by LIC to RBI. The aforesaid approval granted by RBI is subject to the conditions mentioned therein including compliance with the relevant provisions of the Banking Regulation Act, 1949, Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025, provisions of the Foreign Exchange Management Act, 1999, regulations issued by Securities and Exchange Board of India, and any other statutes, regulations and guidelines, as applicable.

This is for your information and appropriate dissemination.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Filing Exhibits & Attachments

1 document

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