STOCK TITAN

[Form 3] HDFC BANK LTD Initial Statement of Beneficial Ownership

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

Rhea-AI Filing Summary

HDFC Bank Ltd executive Vinayak Mavinkurve, Group Head–Realty Business, reports his initial beneficial ownership of company securities. He directly holds 348,768 Equity Shares and has indirect ownership of 1,230 shares through his mother-in-law. He also holds several Employee Stock Options over Equity Shares, with exercise prices ranging from 5.92 to 10.63 per share and expiration dates between 2027 and 2033.

Positive

  • None.

Negative

  • None.
Insider Mavinkurve Vinayak
Role Group Head-Realty Business
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 Equity Shares -- -- --
holding Equity Shares -- -- --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 285,600 shares (Direct); Equity Shares — 348,768 shares (Direct); Equity Shares — 1,230 shares (Indirect, Mother in law)
Footnotes (1)
  1. [object Object]
Direct Equity Shares 348,768 shares Directly held Equity Shares following reported holdings
Indirect Equity Shares 1,230 shares Equity Shares held via mother-in-law, reported as indirect ownership
Option strike price 5.92 per share Employee Stock Option over 104,152 underlying Equity Shares, expiring 2028-05-31
Largest option grant 285,600 underlying shares Employee Stock Option at 6.83 per share, expiring 2027-05-31
High-end option strike 10.63 per share Employee Stock Options with expirations from 2030-09-18 to 2033-09-18
Derivative entries 15 option positions Employee Stock Option lines in derivativeSummary over Equity Shares
Conversion rate 1 Rs = 0.011 USD Footnote conversion rate as of April 7, 2026
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
Equity Shares financial
"underlying_security_title: "Equity Shares""
Equity shares are units of ownership in a company that give the holder a claim on a portion of its assets and profits, like owning a slice of a business. They matter to investors because their value can rise or fall with the company’s performance and market sentiment, may provide periodic income through dividends, and often carry voting rights that influence how the business is run.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "Mother in law""
conversion rate financial
"Conversion rate as on April 07, 2026 applied : 1Rs = 0.011 USD"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
beneficial ownership financial
"Form 3 represents initial statement of beneficial ownership data"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SEC Form 3
FORM 3UNITED 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
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Mavinkurve Vinayak

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

(Street)
MUMBAIINDIA400013

(City)(State)(Zip)

INDIA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
04/07/2026
3. Issuer Name and Ticker or Trading Symbol
HDFC BANK LTD [ HDB ]
3a. Foreign Trading Symbol
[HDFCBANK]
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Group Head-Realty Business
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 Shares348,768D
Equity Shares1,230IMother in law
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 ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy)05/31/202205/31/2027Equity Shares285,600$6.83(1)D
Employee Stock Option (Right to Buy)05/31/202305/31/2028Equity Shares104,152$5.92(1)D
Employee Stock Option (Right to Buy)05/02/202305/02/2028Equity Shares2,716$7.3(1)D
Employee Stock Option (Right to Buy)05/02/202405/02/2029Equity Shares2,714$7.3(1)D
Employee Stock Option (Right to Buy)10/25/202410/25/2028Equity Shares38,800$8.28(1)D
Employee Stock Option (Right to Buy)10/25/202510/25/2029Equity Shares38,800$8.28(1)D
Employee Stock Option (Right to Buy)10/25/202610/25/2030Equity Shares39,780$8.28(1)D
Employee Stock Option (Right to Buy)10/29/202510/29/2029Equity Shares27,600$9.54(1)D
Employee Stock Option (Right to Buy)10/29/202610/29/2030Equity Shares27,600$9.54(1)D
Employee Stock Option (Right to Buy)10/29/202710/29/2031Equity Shares27,600$9.54(1)D
Employee Stock Option (Right to Buy)10/29/202810/29/2032Equity Shares27,820$9.54(1)D
Employee Stock Option (Right to Buy)09/18/202609/18/2030Equity Shares14,700$10.63(1)D
Employee Stock Option (Right to Buy)09/18/202709/18/2031Equity Shares19,600$10.63(1)D
Employee Stock Option (Right to Buy)09/18/202809/18/2032Equity Shares24,600$10.63(1)D
Employee Stock Option (Right to Buy)09/18/202909/18/2033Equity Shares39,340$10.63(1)D
Explanation of Responses:
1. Conversion rate as on April 07, 2026 applied : 1Rs = 0.011 USD
Remarks:
Exhibit 24 - Power of Attorney The equity shares of the Bank are listed on BSE (code is 500180) and NSE (code is HDFCBANK) Group Head - Realty Business Finance This Form 3 is being filed late due to an administrative delay in obtaining the reporting person EDGAR filing credential
/s/ Dhanjit Thaivalappil, Attorney in fact for Mavinkurve Vinayak04/07/2026
** Signature of Reporting PersonDate
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.
* Form 3: SEC 1473 (03-26)