HDFC BANK LTD Initial Statement of Beneficial Ownership

HDFC Bank Ltd executive Vinayak Mavinkurve, Group Head–Realty Business, reports his initial beneficial ownership of company securities.

Accepted by SEC EDGAR 04/07/2026 - 10:01 AM EDT Learn about SEC filing dates

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.

Insider Trade Summary

Holdings reported, no transactions

Holdings

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: Employee Stock Option (Right to Buy) — 721,422 contracts (Direct); Equity Shares — 348,768 shares (Direct); Equity Shares — 1,230 shares (Indirect, Mother in law)

Footnotes (1)

1. F1. Conversion rate as on April 07, 2026 applied : 1Rs = 0.011 USD

Key Figures

Direct Equity Shares: 348,768 shares Indirect Equity Shares: 1,230 shares Option strike price: 5.92 per share +4 more

7 metrics

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

Key Terms

Employee Stock Option (Right to Buy), Equity Shares, indirect ownership, conversion rate, +1 more

5 terms

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.

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

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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
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)

MUMBAI INDIA 400013

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Head-Realty Business

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	348,768	D
Equity Shares	1,230	I	Mother 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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	05/31/2022	05/31/2027	Equity Shares	285,600	$6.83(1)	D
Employee Stock Option (Right to Buy)	05/31/2023	05/31/2028	Equity Shares	104,152	$5.92(1)	D
Employee Stock Option (Right to Buy)	05/02/2023	05/02/2028	Equity Shares	2,716	$7.3(1)	D
Employee Stock Option (Right to Buy)	05/02/2024	05/02/2029	Equity Shares	2,714	$7.3(1)	D
Employee Stock Option (Right to Buy)	10/25/2024	10/25/2028	Equity Shares	38,800	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/25/2025	10/25/2029	Equity Shares	38,800	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/25/2026	10/25/2030	Equity Shares	39,780	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	27,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	27,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	27,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	27,820	$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 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 Vinayak	04/07/2026
	** 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.
* Form 3: SEC 1473 (03-26)