SEC FORM 3

SEC FORM 3 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^*

Parthasarthy Ashish

(Last)

(First)

(Middle)

HDFC BANK LIMITED, BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL

(Street)

MUMBAI

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 - Treasury

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	854,558	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Employee Stock Option (Right to Buy)	10/24/2024	10/24/2026	Equity Shares	130,000	$6.8⁽¹⁾	D
Employee Stock Option (Right to Buy)	07/31/2024	07/31/2026	Equity Shares	51,800	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	07/31/2025	07/31/2027	Equity Shares	52,000	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/26/2023	09/26/2027	Equity Shares	44,800	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/26/2024	09/26/2028	Equity Shares	44,800	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/26/2025	09/26/2029	Equity Shares	44,800	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/26/2026	09/26/2030	Equity Shares	44,600	$7.85⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/13/2024	09/13/2028	Equity Shares	44,800	$9⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/13/2025	09/13/2029	Equity Shares	44,800	$9⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/13/2026	09/13/2030	Equity Shares	44,800	$9⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/13/2027	09/13/2031	Equity Shares	44,980	$9⁽¹⁾	D
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	41,600	$9.54⁽¹⁾	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	41,600	$9.54⁽¹⁾	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	41,600	$9.54⁽¹⁾	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	41,600	$9.54⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/18/2026	09/18/2030	Equity Shares	18,400	$10.63⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/18/2027	09/18/2031	Equity Shares	24,600	$10.63⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/18/2028	09/18/2032	Equity Shares	30,700	$10.63⁽¹⁾	D
Employee Stock Option (Right to Buy)	09/18/2029	09/18/2033	Equity Shares	49,140	$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 - Treasury

	/s/ Dhanjit Thaivalappil, Attorney in fact for Parthasarthy Ashish	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.

New insider Parthasarthy Ashish claimed ownership of 854,558 units of Equity Shares (SEC Form 3)