HDFC Bank Limited (NSE: HDFCBANK, BSE: 500180) has filed its half-yearly disclosure of related party transactions with SEBI, revealing significant financial interactions totaling over ₹10,000 crore with subsidiaries during the period ending March 31, 2025.
Key Highlights:
- HDFC Life Insurance Bonds: Sustained an outstanding bond value of ₹4,681.8 crore (ISIN: INE160A08324).
- Service Income: Generated ₹790.99 crore from services provided to HDFC Life Insurance.
- HDB Financial Services: Incurred expenses amounting to ₹608.63 crore for services obtained.
- Non-SLR Securities: Conducted transactions worth ₹10,000 crore with HDFC Life and ₹2,500 crore with HDFC ERGO.
The bank’s audit committee ratified all transactions under SEBI Regulation 23(9), emphasizing compliance with arm’s-length pricing principles. Notable entries include ₹1,313.21 crore in Non-SLR security purchases with HDFC Life and ₹538.54 crore with HDFC ERGO General Insurance.
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Major Subsidiary Engagements:
HDFC Securities Limited:
- Received ₹0.34 crore in deposits
- Earned ₹13.59 crore from service fees
HDFC ERGO General Insurance:
- ₹1,219.1 crore bonds outstanding
- ₹74.26 crore service income
HDFC Sales Private Limited:
- ₹110.16 crore expense for marketing services
- ₹1.77 crore fixed asset purchases
HDFC Bank’s disclosure underscores its complex financial ecosystem with subsidiaries while maintaining regulatory compliance. The transactions reflect strategic capital allocation across insurance, asset management, and financial services verticals.
Stay tuned for further updates on market movements and financial insights.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: PNB Discloses Non-Convertible Securities Portfolio with Stable Credit Profile
Published on: April 18, 2025 / M Vishnu
Civil Services Day.
On 21st April, India will observe Civil Services Day. Prime Minister Narendra Modi is expected to address civil servants, encouraging innovation and efficiency in governance.
As stated in Bhagavad Gita:
पत्रं पुष्पं फलं तोयं यो मे भक्त्या प्रयच्छति।
If one offers Me with love and devotion a leaf, a flower, fruit, or water, I will accept it.
