STOCK TITAN

HDFC Bank (NYSE: HDB) executive discloses equity and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

HDFC Bank Ltd executive Rampal Sumant Vinay, GroupHead-RetailAsset-HomeLoan, has filed an initial ownership report showing his current stake in the bank. The filing lists direct holdings of 797,190 Equity Shares and multiple employee stock options giving the right to buy additional Equity Shares at preset prices.

These employee stock options cover various blocks of underlying Equity Shares, such as 54,300 shares at an exercise price of Rs 6.8000 per share expiring in 2026, and other grants with exercise prices of Rs 7.8500, Rs 9.0000, Rs 9.5400, and Rs 10.6300 expiring between 2026 and 2033. The transactions are categorized as holdings rather than new purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Rampal Sumant Vinay
Role GroupHead-RetailAsset-HomeLoan
Type Security Shares Price Value
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Equity Shares -- -- --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 54,300 shares (Direct); Equity Shares — 797,190 shares (Direct)
Footnotes (1)
  1. [object Object]
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
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hours per response: 0.5
1. Name and Address of Reporting Person*
Rampal Sumant Vinay

(Last) (First) (Middle)
HDFC BANK LIMITED, HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL

(Street)
MUMBAI K7 400013

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026
3. Issuer Name and Ticker or Trading Symbol
HDFC BANK LTD [ HDB ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
GroupHead-RetailAsset-HomeLoan
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Equity Shares 797,190 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 10/24/2024 10/24/2026 Equity Shares 54,300 $6.8(1) D
Employee Stock Option (Right to Buy) 07/31/2024 07/31/2026 Equity Shares 21,800 $7.85(1) D
Employee Stock Option (Right to Buy) 07/31/2025 07/31/2027 Equity Shares 21,400 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2023 09/26/2027 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2024 09/26/2028 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2025 09/26/2029 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2026 09/26/2030 Equity Shares 18,600 $7.85(1) D
Employee Stock Option (Right to Buy) 09/13/2024 09/13/2028 Equity Shares 37,200 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2025 09/13/2029 Equity Shares 37,200 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2026 09/13/2030 Equity Shares 37,200 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2027 09/13/2031 Equity Shares 37,520 $9(1) D
Employee Stock Option (Right to Buy) 10/29/2025 10/29/2029 Equity Shares 34,600 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2026 10/29/2030 Equity Shares 34,600 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2027 10/29/2031 Equity Shares 34,600 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2028 10/29/2032 Equity Shares 34,520 $9.54(1) D
Employee Stock Option (Right to Buy) 09/18/2026 09/18/2030 Equity Shares 14,700 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2027 09/18/2031 Equity Shares 19,600 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2028 09/18/2032 Equity Shares 24,600 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2029 09/18/2033 Equity Shares 39,340 $10.63(1) D
Explanation of Responses:
1. Conversion rate as on March 16, 2026 applied : 1Rs = 0.011 USD
Remarks:
Exhibit 24 - Power of Attorney Group Head - Retail Assets - Home Loans
/s/ Dhanjit Thaivalappil, Attorney in fact for Rampal Sumant Vinay 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does HDFC Bank (HDB) executive Rampal Sumant Vinay report in this Form 3?

The Form 3 shows Rampal Sumant Vinay’s existing ownership in HDFC Bank, including direct Equity Shares and multiple employee stock options. It is an initial ownership report, listing current positions rather than recording new market transactions or trades in the company’s stock.

How many HDFC Bank (HDB) Equity Shares does Rampal Sumant Vinay hold directly?

The filing reports that Rampal Sumant Vinay directly holds 797,190 Equity Shares of HDFC Bank. This figure appears as the total shares following the transaction entry for Equity Shares, indicating his direct common share position as disclosed in this initial ownership statement.

What types of employee stock options are disclosed for HDFC Bank (HDB) in this Form 3?

The Form 3 lists several “Employee Stock Option (Right to Buy)” positions over Equity Shares. Each has a specified exercise price in rupees and an expiration date, covering distinct blocks of underlying Equity Shares across multiple grant series with different maturities between 2026 and 2033.

What are example exercise prices and expirations for HDFC Bank (HDB) options held by Rampal Sumant Vinay?

Examples include options over 54,300 underlying Equity Shares at an exercise price of Rs 6.8000 expiring in 2026, as well as series at Rs 7.8500, Rs 9.0000, Rs 9.5400, and Rs 10.6300 with expiration dates ranging from 2026 through 2033, all held directly.

Does this HDFC Bank (HDB) Form 3 show any new share purchases or sales?

The transaction summary shows zero buy and sell transactions, with 20 entries categorized as holdings. This indicates the Form 3 is reporting existing Equity Share and option positions, rather than documenting new open-market purchases, sales, or derivative exercises during the reported period.

What currency reference appears in the HDFC Bank (HDB) Form 3 footnote?

A footnote states a conversion rate as of March 16, 2026: 1 Rs = 0.011 USD. This provides an indicative exchange reference for readers but does not alter the rupee-denominated exercise prices reported for the employee stock options in the ownership table.