HDFC Bank director discloses 11M+ shares on Form 3

HDFC Bank Ltd director Karnad Renu has filed an initial ownership report on Form 3.

Rhea-AI Filing Summary

HDFC Bank Ltd director Karnad Renu has filed an initial ownership report on Form 3. The filing shows direct ownership of 8,858,614 Equity Shares of HDFC Bank.

It also reports indirect ownership of 2,184,000 Equity Shares held through a spouse. The Form 3 is a disclosure of existing holdings and does not report any new share purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Karnad Renu

Role Director

Type	Security	Shares	Price	Value
holding	Equity Shares	--	--	--
holding	Equity Shares	--	--	--

Holdings After Transaction: Equity Shares — 8,858,614 shares (Direct); Equity Shares — 2,184,000 shares (Indirect, Spouse)

FAQ

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

What does the HDFC Bank (HDB) Form 3 filing by Karnad Renu show?

The Form 3 shows that director Karnad Renu already holds a significant stake in HDFC Bank, with 8,858,614 Equity Shares owned directly and 2,184,000 Equity Shares owned indirectly through a spouse. No new transactions are reported.

How many HDFC Bank (HDB) shares does Karnad Renu own directly and indirectly?

The filing discloses 8,858,614 Equity Shares held directly by Karnad Renu and 2,184,000 Equity Shares held indirectly through a spouse. These figures represent existing ownership, not newly acquired or sold shares.

Does the HDFC Bank (HDB) Form 3 indicate any recent share purchases or sales?

No, the Form 3 does not indicate any recent purchases or sales. It is an initial statement of beneficial ownership listing existing direct and indirect holdings, without reporting new trading activity in HDFC Bank shares.

How is indirect ownership reported for HDFC Bank (HDB) in this Form 3?

Indirect ownership is reported as 2,184,000 Equity Shares held under the category "Spouse." This means those HDFC Bank shares are attributed to Karnad Renu’s beneficial ownership through a spouse rather than being held directly.

What is the role of Karnad Renu at HDFC Bank (HDB) according to this filing?

The filing identifies Karnad Renu as a director of HDFC Bank. As a director and insider, they are required to file Form 3 to disclose their existing direct and indirect equity shareholdings in the company.

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

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Accepted by SEC EDGAR 03/18/2026 - 06:30 AM Learn about SEC filing dates

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^*

Karnad Renu

(Last) (First) (Middle)

HDFC BANK LIMITED, BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL

(Street)

MUMBAI INDIA 400013

(City) (State) (Zip)

INDIA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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	8,858,614	D
Equity Shares	2,184,000	I	Spouse

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

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney Non-Executive (Non Independent) Director The equity shares of the Bank are also listed on BSE - 500180

	/s/ Dhanjit Thaivalappil, Attorney in fact for Karnad Renu	03/18/2026
	** 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)