HDB HDFC Bank Limited

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this Report pursuant to the General Instructions for Form 6-K.

Exhibit I

Description

Communication dated 22 ^nd April, 2016 addressed to The New York Stock Exchange, New York, United States of America (USA) intimating about Audited Annual Financial Results for the Financial Year ended 31 ^st March, 2016.

Exhibit I

22 ^nd April, 2016

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir / Madam,

Re: Audited Annual Financial Results for the Financial Year ended 31 ^st March, 2016

We attach herewith a file containing the Audited Financial Results (both Standalone and Consolidated) for the year ended 31 ^st March 2016, segment reporting and summarized Balance Sheet as on 31 ^st March, 2016 duly approved by the Board at its meeting held today. The Press Release in this regard are also enclosed.

The aforesaid audited annual financial results have been submitted to the stock exchanges in India as per the listing requirements of those Stock Exchanges.

The Board of Directors have recommended a dividend of Rs.9.50/- per equity share of Rs. 2/- each (i.e. 475%) out of the net profits for the year ended 31 ^st March, 2016, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank.

This is for your information and record.

Thanking you,

Yours faithfully,

For HDFC Bank Limited

Sd/-

Sanjay Dongre

Executive Vice President (Legal) &

Company Secretary

Encl. : a/a.

HDFC BANK LIMITED

FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2016

 

				( in lacs)
				Quarter ended 31.03.2016				Quarter ended 31.12.2015				Quarter ended 31.03.2015				Year ended 31.03.2016				Year ended 31.03.2015
		Particulars		Audited (Refer note 3)				Unaudited				Audited (Refer note 3)				Audited				Audited
1		Interest Earned (a)+(b)+(c)+(d)			1599675				1541112				1300637				6022145				4846991
		a) Interest / discount on advances / bills			1194889				1148349				982869				4482786				3718079
		b) Income on Investments			378960				365142				284096				1412003				985849
		c) Interest on balances with Reserve Bank of India and other inter bank funds			4892				5952				11006				36161				51710
		d) Others			20934				21669				22666				91195				91353
2		Other Income			286586				287219				256376				1075172				899634
3		TOTAL INCOME (1)+(2)			1886261				1828331				1557013				7097317				5746625
4		Interest Expended			854341				834261				699322				3262993				2607423
5		Operating Expenses (i)+(ii)			458429				420484				385496				1697969				1398755
		i) Employees cost			149795				143127				132556				570220				475096
		ii) Other operating expenses			308634				277357				252940				1127749				923659
6		TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies)			1312770				1254745				1084818				4960962				4006178
7		Operating Profit before Provisions and Contingencies (3)-(6)			573491				573586				472195				2136355				1740447
8		Provisions (other than tax) and Contingencies			66245				65388				57665				272561				207575
9		Exceptional Items			—				—				—				—				—
10		Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9)			507246				508198				414530				1863794				1532872
11		Tax Expense			169824				172514				133839				634171				511280
12		Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)			337422				335684				280691				1229623				1021592
13		Extraordinary items (net of tax expense)			—				—				—				—				—
14		Net Profit / (Loss) for the period (12)-(13)			337422				335684				280691				1229623				1021592
15		Paid up equity share capital (Face Value of  2/- each)			50564				50502				50130				50564				50130
16		Reserves excluding revaluation reserves															7217213				6150813
17		Analytical Ratios
		(i) Percentage of shares held by Government of India			Nil				Nil				Nil				Nil				Nil
		(ii) Capital Adequacy Ratio			15.5	%			15.9	%			16.8	%			15.5	%			16.8	%
		(iii) Earnings per share ( )
		(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized			13.3				13.3				11.4				48.8				42.1
		(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized			13.2				13.1				11.3				48.3				41.7
		(iv) NPA Ratios
		(a) Gross NPAs			439283				425520				343838				439283				343838
		(b) Net NPAs			132037				126060				89628				132037				89628
		(c) % of Gross NPAs to Gross Advances			0.94	%			0.97	%			0.93	%			0.94	%			0.93	%
		(d) % of Net NPAs to Net Advances			0.28	%			0.29	%			0.25	%			0.28	%			0.25	%
		(v) Return on assets (average) - not annualized			0.5	%			0.5	%			0.5	%			1.9	%			2.0	%

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank is as under:

		( in lacs)
Particulars		Quarter ended 31.03.2016				Quarter ended 31.12.2015				Quarter ended 31.03.2015				Year ended 31.03.2016				Year ended 31.03.2015
		Audited				Unaudited				Audited				Audited				Audited
1 Segment Revenue
a) Treasury			497945				480719				371936				1826488				1290389
b) Retail Banking			1544098				1514811				1289247				5925234				4881418
c) Wholesale Banking			702553				683570				615723				2716239				2315260
d) Other Banking Operations			218427				200961				178360				755442				620102
e) Unallocated			—				—				39				—				862
Total			2963023				2880061				2455305				11223403				9108031
Less: Inter Segment Revenue			1076762				1051730				898292				4126086				3361406
Income from Operations			1886261				1828331				1557013				7097317				5746625
2 Segment Results
a) Treasury			37341				51324				28827				148921				61830
b) Retail Banking			226398				194692				160438				752230				622883
c) Wholesale Banking			203814				217364				187592				821993				747183
d) Other Banking Operations			75290				80411				74178				283227				248689
e) Unallocated			(35597	)			(35593	)			(36505	)			(142577	)			(147713	)
Total Profit Before Tax			507246				508198				414530				1863794				1532872
3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury			15799160				16385459				15425638				15799160				15425638
b) Retail Banking			(19562275	)			(18535401	)			(17421098	)			(19562275	)			(17421098	)
c) Wholesale Banking			10581713				8888265				8307529				10581713				8307529
d) Other Banking Operations			1915675				1810316				1545754				1915675				1545754
e) Unallocated			(1466496	)			(1347983	)			(1656880	)			(1466496	)			(1656880	)
Total			7267777				7200656				6200943				7267777				6200943

Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Notes :

 

1	Statement of Assets and Liabilities as on March 31, 2016 is given below.

 

		( in lacs)
		As at 31.03.2016				As at 31.03.2015
Particulars		Audited				Audited
CAPITAL AND LIABILITIES
Capital			50564				50130
Reserves and Surplus			7217213				6150813
Deposits			54642419				45079565
Borrowings			5301848				4521356
Other Liabilities and Provisions			3672513				3248444
Total			70884557				59050308
ASSETS
Cash and Balances with Reserve Bank of India			3005831				2751045
Balances with Banks and Money at Call and Short notice			886053				882100
Investments			16388578				15164177
Advances			46459396				36549504
Fixed Assets			334315				312172
Other Assets			3810384				3391310
Total			70884557				59050308

4	The Board of Directors at their meeting proposed a dividend of 9.50 per share, subject to the approval of the members at the ensuing Annual General Meeting.

5

Pursuant to the shareholder and regulatory approvals, the Bank on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of 1,067 per equity share aggregating 2,000 crores and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD 57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, the Bank allotted 8,47,44,142 additional equity shares. Accordingly, share capital increased by 16.95 crores and share premium increased by 9,705.84 crores, net of share issue expenses of 151.03 crores.

12	10 lac = 1 million

10 million = 1 crore

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

HDFC BANK LIMITED GROUP

CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2016

 

				( in lacs)
		Particulars		Year ended 31-03-2016				Year ended 31-03-2015
				Audited				Audited
1		Interest Earned (a)+(b)+(c)+(d)			6316157				5066649
		a) Interest / discount on advances / bills			4773619				3933466
		b) Income on Investments			1412550				986273
		c) Interest on balances with Reserve Bank of India and other inter bank funds			37516				54294
		d) Others			92472				92616
2		Other Income			1121165				954569
3		TOTAL INCOME (1)+(2)			7437322				6021218
4		Interest Expended			3406957				2728846
5		Operating Expenses (i)+(ii)			1783189				1457752
		i) Employees cost			630614				516268
		ii) Other operating expenses			1152575				941484
6		TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies)			5190146				4186598
7		Operating Profit before Provisions and Contingencies (3)-(6)			2247176				1834620
8		Provisions (Other than tax) and Contingencies			296077				226675
9		Exceptional Items			—				—
10		Profit / (Loss) from ordinary activities before tax (7)-(8)-(9)			1951099				1607945
11		Tax Expense			669366				537940
12		Net Profit / (Loss) from Ordinary Activities after tax (10)-(11)			1281733				1070005
13		Extraordinary items (net of tax expense)			—				—
14		Net Profit / (Loss) for the period (12)-(13)			1281733				1070005
15		Minority Interest			1972				1441
16		Share in profits of associates			372				325
17		Consolidated profit for the year attributable to the Group (14)-(15)+(16)			1280133				1068889
18		Paid up equity share capital (Face Value of  2/- each)			50564				50130
19		Reserves excluding revaluation reserves			7379849				6265276
20		Analytical Ratios
		(i) Percentage of shares held by Government of India			Nil				Nil
		(iii) Earnings per share ( )
		(a) Basic EPS before & after extraordinary items (net of tax expense)			50.9				44.1
		(b) Diluted EPS before & after extraordinary items (net of tax expense)			50.2				43.6

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Consolidated Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Group is as under:

		( in lacs)
Particulars		Year ended 31-03-2016				Year ended 31-03-2015
		Audited				Audited
1 Segment Revenue
a) Treasury			1826488				1290389
b) Retail Banking			5925234				4881418
c) Wholesale Banking			2716239				2315260
d) Other banking operations			1095446				894694
e) Unallocated			1				863
Total			11563408				9382624
Less: Inter Segment Revenue			4126086				3361406
Income from Operations			7437322				6021218
2 Segment Results
a) Treasury			148921				61830
b) Retail Banking			752230				622883
c) Wholesale Banking			821993				747183
d) Other banking operations			370531				323761
e) Unallocated			(142576	)			(147712	)
Total Profit Before Tax, Minority Interest & Earnings from Associates			1951099				1607945
3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury			15799160				15425638
b) Retail Banking			(19562275	)			(17421098	)
c) Wholesale Banking			10581713				8307529
d) Other banking operations			2096373				1676380
e) Unallocated			(1466496	)			(1656880	)
Total			7448475				6331569

Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by RBI.

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

Notes :

 

1	Consolidated Statement of Assets and Liabilities as on March 31, 2016 is given below.

 

		( in lacs)
Particulars		As at 31-03-2016				As at 31-03-2015
		Audited				Audited
CAPITAL AND LIABILITIES
Capital			50564				50130
Reserves and Surplus			7379849				6265276
Minority Interest			18062				16163
Deposits			54587329				45028365
Borrowings			7176345				5947825
Other Liabilities and Provisions			3814033				3401893
Total			73026182				60709652
ASSETS
Cash and balances with Reserve Bank of India			3007658				2752229
Balances with Banks and Money at Call and Short notice			899230				900413
Investments			16168334				14945442
Advances			48729042				38340797
Fixed Assets			347970				322494
Other Assets			3873948				3448277
Total			73026182				60709652

4

Pursuant to the shareholder and regulatory approvals, the Bank on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of 1,067 per equity share aggregating 2,000 crores and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD 57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, the Bank allotted 8,47,44,142 additional equity shares. Accordingly, share capital increased by 16.95 crores and share premium increased by 9,705.84 crores, net of share issue expenses of 151.03 crores.

8	10 lac = 1 million

10 million = 1 crore

Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.

		NEWS RELEASE		HDFC Bank Ltd.
				HDFC Bank House,
				Senapati Bapat Marg,
				Lower Parel,
				Mumbai - 400 013.

HDFC Bank Limited

FINANCIAL RESULTS (INDIAN GAAP) FOR THE

QUARTER AND YEAR ENDED MARCH 31, 2016

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended March 31, 2016 and the audited results for the full year ended March 31, 2016 at their meeting held in Mumbai on Friday, April 22, 2016.

FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended March 31, 2016

The Bank’s total income for the quarter ended March 31, 2016 was 18,862.6 crores, up from 15,570.1 crores for the quarter ended March 31, 2015. Net revenues (net interest income plus other income) increased by 20.3% to 10,319.2 crores for the quarter ended March 31, 2016 as against 8,576.9 crores for the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2016 grew by 24.0% to 7,453.3 crores, from 6,013.2 crores for the quarter ended March 31, 2015 driven by average assets growth of 23.8% and a core net interest margin for the quarter of 4.3%.

Other income (non-interest revenue) at 2,865.9 crores was 27.8% of the net revenues for the quarter ended March 31, 2016 and grew by 11.8% over 2,563.8 crores in the corresponding quarter ended March 31, 2015. The four components of other income for the quarter ended March 31, 2016 were fees & commissions of 2,172.4 crores ( 1,834.8 crores in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of 282.8 crores ( 328.7 crores for the corresponding quarter of the previous year), gain on revaluation / sale of investments of 115.5 crores ( 196.1 crores in the corresponding quarter of the previous year) and miscellaneous income including recoveries of 295.2 crores ( 204.3 crores for the corresponding quarter of the previous year).

Operating expenses for the quarter ended March 31, 2016 were 4,584.3 crores, an increase of 18.9 % over 3,855.0 crores during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 44.4% as against 44.9% for the corresponding quarter ended March 31, 2015.

		NEWS RELEASE		HDFC Bank Ltd.
				HDFC Bank House,
				Senapati Bapat Marg,
				Lower Parel,
				Mumbai - 400 013.

Provisions and contingencies for the quarter ended March 31, 2016 were 662.5 crores (consisting of specific loan loss provisions 490.3 crores, general provisions 161.1 crores, and other provisions 11.1 crores) as against 576.7 crores (consisting of specific loan loss provisions 424.7 crores, general provisions 118.5 crores and other provisions 33.4 crores) for the corresponding quarter ended March 31, 2015.

After providing 1,698.2 crores for taxation, the Bank earned a net profit of 3,374.2 crores, an increase of 20.2% over the quarter ended March 31, 2015.

Profit & Loss Account: Year ended March 31, 2016

For the year ended March 31, 2016, the Bank earned total income of 70,973.2 crores. Net revenues (net interest income plus other income) for the year ended March 31, 2016 were 38,343.2 crores, up by 22.1% over 31,392.0 crores for the year ended March 31, 2015. For the year ended March 31, 2016, the net interest margin was 4.3%. Cost to income ratio was at 44.3% for the year ended March 31, 2016, as against 44.6% for the previous year.

The Bank’s net profit for year ended March 31, 2016 was 12,296.2 crores, up 20.4%, over the year ended March 31, 2015. The consolidated net profit of the Bank increased by 19.8% to 12,801.3 crores for the year ended March 31, 2016.

Balance Sheet: As of March 31, 2016

Total balance sheet size as of March 31, 2016 was 708,846 crores as against 590,503 crores as of March 31, 2015.

Total deposits as of March 31, 2016 were 546,424 crores, an increase of 21.2% over March 31, 2015. CASA deposits saw healthy growth with current account deposits growing by 20.2% over the previous year to reach 88,425 crores and savings account deposits growing by 18.4% over the previous year to reach 147,886 crores. Time deposits were at 310,113 crores, an increase of 22.9% over the previous year resulting in CASA proportion of 43% as on March 31, 2016.

Advances as of March 31, 2016 were 464,594 crores, an increase of 27.1% over March 31, 2015. Both segments of the Bank’s loan portfolio grew faster than system loan growth. As per regulatory [Basel 2] segment classification, the domestic retail loans and wholesale loans grew by 29.7% and 27.2% respectively (as per internal business classification grew by 28.4% and 28.5% respectively). The domestic loan mix between retail:wholesale was 51:49.

		NEWS RELEASE		HDFC Bank Ltd.
				HDFC Bank House,
				Senapati Bapat Marg,
				Lower Parel,
				Mumbai - 400 013.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 15.5% as at March 31, 2016 (16.8% as at March 31, 2015) as against a regulatory requirement of 9%. Tier-I CAR was at 13.2% as on March 31, 2016 compared to 13.7% as at March 31, 2015.

DIVIDEND

The Board of Directors recommended a dividend of 9.50 per equity share of 2 for the year ended March 31, 2016, as against 8.00 per equity share of 2 for the previous year. This would be subject to approval by the shareholders at the next annual general meeting.

NETWORK

The Bank has continued its branch expansion adding 506 branches in the year ended March 31, 2016, of which 256 of these branches were in semi-urban and rural locations. As of March 31, 2016, the Bank’s distribution network was at 4,520 branches and 12,000 ATMs in 2,587 cities / towns as against 4,014 branches and 11,766 ATMs in 2,464 cities / towns as of March 31, 2015. 55% of the total branches are now in semi-urban and rural areas. Number of employees increased from 76,286 as of March 31, 2015 to 87,555 as of March 31, 2016.

ASSET QUALITY

Gross non-performing assets (NPAs) were at 0.94% of gross advances as on March 31, 2016, as against 0.93% as on March 31, 2015. Net non-performing assets were at 0.3% of net advances as on March 31, 2016. Total restructured loans were at 0.1% of gross advances as of March 31, 2016 as against 0.1% as of March 31, 2015.

Note:

= Indian Rupees

1 crore = 10 million

All figures and ratios are in accordance with Indian GAAP.

---

		NEWS RELEASE		HDFC Bank Ltd.
				HDFC Bank House,
				Senapati Bapat Marg,
				Lower Parel,
				Mumbai - 400 013.

BOM: 500180

NSE: HDFCBANK

NYSE: HDB

Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations.

For more information please log on to: www.hdfcbank.com

For media queries please contact:

Neeraj Jha

Head, Corporate Communication

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1308 (D) / 6652 1000 (B)

Fax: 91 - 22 - 2490 3168

Mobile: +91 93236 20828

neeraj.jha@hdfcbank.com

For investor queries please contact:

Bhavin Lakhpatwala

HDFC Bank Ltd., Mumbai.

Tel: 91 - 22 - 6652 1083 (D) / 6652 1000 (B)

Mobile: +91 74983 51730

bhavin.lakhpatwala@hdfcbank.com