HDFC Bank (NYSE: HDB) risk chief discloses equity and stock option holdings

Rhea-AI Filing Summary

HDFC Bank Ltd executive Chakrabarti Sanmoy has filed an initial ownership report showing his equity and option holdings in the bank. The filing lists direct ownership of 40,000 Equity Shares as of the reported date. It also details multiple Employee Stock Option awards over Equity Shares with exercise prices ranging from $6.8000 to $10.6300 per share and staggered expiration dates between 2026 and 2033, highlighting a long-term, option-based compensation structure.

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

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1. Name and Address of Reporting Person^*

Chakrabarti Sanmoy

(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)
	Group Head - Risk Management

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	40,000	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	54,400	$6.8(1)	D
Employee Stock Option (Right to Buy)	07/31/2024	07/31/2026	Equity Shares	43,200	$7.85(1)	D
Employee Stock Option (Right to Buy)	07/31/2025	07/31/2027	Equity Shares	42,800	$7.85(1)	D
Employee Stock Option (Right to Buy)	09/26/2023	09/26/2027	Equity Shares	37,200	$7.85(1)	D
Employee Stock Option (Right to Buy)	09/26/2024	09/26/2028	Equity Shares	37,200	$7.85(1)	D
Employee Stock Option (Right to Buy)	09/26/2025	09/26/2029	Equity Shares	37,200	$7.85(1)	D
Employee Stock Option (Right to Buy)	09/26/2026	09/26/2030	Equity Shares	37,200	$7.85(1)	D
Employee Stock Option (Right to Buy)	09/13/2024	09/13/2028	Equity Shares	33,600	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2025	09/13/2029	Equity Shares	33,600	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2026	09/13/2030	Equity Shares	33,600	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2027	09/13/2031	Equity Shares	33,400	$9(1)	D
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	24,200	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	24,200	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	24,200	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	24,420	$9.54(1)	D
Employee Stock Option (Right to Buy)	09/18/2026	09/18/2030	Equity Shares	13,600	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2027	09/18/2031	Equity Shares	18,100	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2028	09/18/2032	Equity Shares	22,700	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2029	09/18/2033	Equity Shares	36,290	$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 - Risk Management

	/s/ Dhanjit Thaivalappil, Attorney in fact for Chakrabarti Sanmoy	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 the Form 3 filing by HDFC BANK LTD (HDB) report for Chakrabarti Sanmoy?

The Form 3 reports Chakrabarti Sanmoy’s initial holdings in HDFC Bank, including 40,000 Equity Shares held directly and multiple Employee Stock Option grants over Equity Shares with specified exercise prices and expiration dates, outlining his starting equity-based position as an officer.

How many HDFC BANK LTD (HDB) Equity Shares does Chakrabarti Sanmoy hold directly?

Chakrabarti Sanmoy holds 40,000 Equity Shares of HDFC Bank directly, as indicated by the total_shares_following_transaction figure for the Equity Shares line item, reflecting his direct ownership separate from his option-based awards.

What types of securities are listed in Chakrabarti Sanmoy’s HDFC BANK LTD (HDB) Form 3?

The filing lists two main security types: direct holdings of Equity Shares and multiple Employee Stock Option (Right to Buy) positions. Each option entry references underlying Equity Shares with defined exercise prices and expiration dates, showing a structured stock-based compensation package.

What exercise price range is disclosed for HDFC BANK LTD (HDB) Employee Stock Options held by Chakrabarti Sanmoy?

The disclosed Employee Stock Options over HDFC Bank Equity Shares carry exercise prices from $6.8000 to $10.6300 per share. These values incorporate a conversion rate noted in the footnote, applying 1 rupee equal to $0.011 as of March 16, 2026.

How long do Chakrabarti Sanmoy’s HDFC BANK LTD (HDB) stock options run before expiring?

The Employee Stock Option positions disclosed have expiration dates ranging from 2026-07-31 and 2026-10-24 on the near end to as late as 2033-09-18, indicating a laddered series of long-dated equity incentives over several years.

Does the HDFC BANK LTD (HDB) Form 3 show any recent share purchases or sales by Chakrabarti Sanmoy?

The Form 3 presents holdings information rather than explicit purchases or sales. Transaction codes and directions are marked as unknown, and the entries are categorized as “holding,” so it primarily establishes his existing equity and option positions as of the reporting date.