Codes And Policies

As one of India’s leading financial institutions, HDFC Bank takes its corporate responsibility seriously. To adhere to the highest standards of corporate practice, we have laid down a set of codes and policies that govern how we conduct ourselves.

Our Codes

Our codes cover diverse areas including conduct and ethics, practices and procedures for fair disclosure, prevention of insider trading and corporate governance.

Code of Ethics

This Code of Conduct / Ethics intends to ensure adherence to highest business and ethical standards while conducting the business of the Bank and compliance with the legal and regulatory requirements, including compliance of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and regulations framed thereunder by the Securities and Exchange Commission of USA and other statutory and regulatory authorities in India and USA. The Bank values the ethical business standards very highly and intends adherence thereto in every segment of its business.

Code of Practices and Procedure for Fair Disclosure

Pursuant to notication of SEBI (Prohibition of Insider Trading) Regulations 2015 and based on the principles of Fair Disclosure outlined in the said Regulations, HDFC Bank has formulated following Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information

Code for Prevention of Insider Trading

The Bank has adopted a share dealing code for the prevention of insider trading in the shares of the Bank. The share dealing code, inter alia, prohibits purchase / sale of shares of the Bank by employees while in possession of unpublished price sensitive information in relation to the Bank.

Code of Corporate Governance

The Bank believes in adopting and adhering to the best recognized corporate governance practices and continuously benchmarking itself against each such practice. The Bank understands and respects its duciary role and responsibility towards its shareholders and strives hard to meet their expectations. The Bank believes that best board practices, transparent disclosures and shareholder empowerment are necessary for creating shareholder value.

The Bank has infused the philosophy of corporate governance into all its activities. The philosophy on corporate governance is an important tool for shareholder protection and maximization of their long term values. The cardinal principles such as independence, accountability, responsibility, transparency, fair and timely disclosures, credibility, sustainability etc. serve as the means for implementing the philosophy of corporate governance in letter and spirit.

Our policies serve as a guide in a variety of matters, such as:

• Related party transactions
• Determination of materiality of information or events
• Determination of material subsidiary
• Archival policy
• Dividend distribution policy

Whistle Blower policy

The Bank has adopted a whistle blower policy pursuant to which employees of the Bank can raise their concerns relating to fraud, malpractice, or any other activity or event which is against the interest of the Bank or society as a whole. Details of complaints received and the actions taken are reviewed by the Audit Committee.

The functioning of the whistle blower mechanism is reviewed by the Audit Committee from time to time. None of the Bank's personnel have been denied access to the Audit Committee.