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HDFC Bank Limited 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

47Reported items
136Asset managers
6,957Fund votes
2025-08-08Main meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore HDFC Bank Limited in the interactive database Compare manager voting policies

How asset managers voted at the HDFC Bank Limited 2025-2026 meetings

Each item below shows how the 136 asset managers that disclosed a HDFC Bank Limited vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of HDFC Bank Limited’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDB FINANCIAL SERVICES LIMITED

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-03-13; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (1,635,889,129 for, 0 against).

FOR: 1,635,889,129 (100.0%)

Largest asset managers voting on “TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDB FINANCIAL SERVICES LIMITED” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	386,342,511	For
BlackRock	294,539,066	For
Fidelity	236,600,737	For
Dodge & Cox	115,358,100	For
MFS	92,169,876	For
Invesco	45,457,339	For
TIAA	37,084,510	For
Capital Group	26,944,918	For
Franklin Templeton	23,126,472	For
State Street	22,091,483	For
EUPAC FUND	20,443,283	For
Morgan Stanley	19,364,845	For
WisdomTree	18,060,656	For
T. Rowe Price	17,617,688	For
Principal	17,600,122	For
American Century	17,155,595	For
JANUS INVESTMENT FUND	16,589,154	For
Dimensional	16,528,690	For
TEMPLETON GROWTH FUND INC	13,712,489	For
TEMPLETON FUNDS	12,787,032	For
Aberdeen	11,616,589	For
JPMorgan	10,215,023	For
Northwestern Mutual	9,620,654	For
OLD WESTBURY FUNDS INC	9,416,504	For
Allspring	9,050,198	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

2. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC ERGO GENERAL INSURANCE COMPANY LIMITED

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-03-13; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (1,635,889,129 for, 0 against).

FOR: 1,635,889,129 (100.0%)

Largest asset managers voting on “TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC ERGO GENERAL INSURANCE COMPANY LIMITED” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	386,342,511	For
BlackRock	294,539,066	For
Fidelity	236,600,737	For
Dodge & Cox	115,358,100	For
MFS	92,169,876	For
Invesco	45,457,339	For
TIAA	37,084,510	For
Capital Group	26,944,918	For
Franklin Templeton	23,126,472	For
State Street	22,091,483	For
EUPAC FUND	20,443,283	For
Morgan Stanley	19,364,845	For
WisdomTree	18,060,656	For
T. Rowe Price	17,617,688	For
Principal	17,600,122	For
American Century	17,155,595	For
JANUS INVESTMENT FUND	16,589,154	For
Dimensional	16,528,690	For
TEMPLETON GROWTH FUND INC	13,712,489	For
TEMPLETON FUNDS	12,787,032	For
Aberdeen	11,616,589	For
JPMorgan	10,215,023	For
Northwestern Mutual	9,620,654	For
OLD WESTBURY FUNDS INC	9,416,504	For
Allspring	9,050,198	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

3. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC LIFE INSURANCE COMPANY LIMITED

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-03-13; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (1,635,889,129 for, 0 against).

FOR: 1,635,889,129 (100.0%)

Largest asset managers voting on “TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC LIFE INSURANCE COMPANY LIMITED” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	386,342,511	For
BlackRock	294,539,066	For
Fidelity	236,600,737	For
Dodge & Cox	115,358,100	For
MFS	92,169,876	For
Invesco	45,457,339	For
TIAA	37,084,510	For
Capital Group	26,944,918	For
Franklin Templeton	23,126,472	For
State Street	22,091,483	For
EUPAC FUND	20,443,283	For
Morgan Stanley	19,364,845	For
WisdomTree	18,060,656	For
T. Rowe Price	17,617,688	For
Principal	17,600,122	For
American Century	17,155,595	For
JANUS INVESTMENT FUND	16,589,154	For
Dimensional	16,528,690	For
TEMPLETON GROWTH FUND INC	13,712,489	For
TEMPLETON FUNDS	12,787,032	For
Aberdeen	11,616,589	For
JPMorgan	10,215,023	For
Northwestern Mutual	9,620,654	For
OLD WESTBURY FUNDS INC	9,416,504	For
Allspring	9,050,198	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

4. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC SECURITIES LIMITED

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-03-13; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (1,635,889,129 for, 0 against).

FOR: 1,635,889,129 (100.0%)

Largest asset managers voting on “TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDFC SECURITIES LIMITED” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	386,342,511	For
BlackRock	294,539,066	For
Fidelity	236,600,737	For
Dodge & Cox	115,358,100	For
MFS	92,169,876	For
Invesco	45,457,339	For
TIAA	37,084,510	For
Capital Group	26,944,918	For
Franklin Templeton	23,126,472	For
State Street	22,091,483	For
EUPAC FUND	20,443,283	For
Morgan Stanley	19,364,845	For
WisdomTree	18,060,656	For
T. Rowe Price	17,617,688	For
Principal	17,600,122	For
American Century	17,155,595	For
JANUS INVESTMENT FUND	16,589,154	For
Dimensional	16,528,690	For
TEMPLETON GROWTH FUND INC	13,712,489	For
TEMPLETON FUNDS	12,787,032	For
Aberdeen	11,616,589	For
JPMorgan	10,215,023	For
Northwestern Mutual	9,620,654	For
OLD WESTBURY FUNDS INC	9,416,504	For
Allspring	9,050,198	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

5. Accept Consolidated Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Accept Consolidated Financial Statements and Statutory Reports” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

6. Accept Standalone Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Accept Standalone Financial Statements and Statutory Reports” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

7. Approve B S R & Co. LLP, Chartered Accountants as Joint Statutory Auditors and Authorize Board to Fix Their Remuneration

AUDIT-RELATED

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Approve B S R & Co. LLP, Chartered Accountants as Joint Statutory Auditors and Authorize Board to Fix Their Re” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

8. Approve Bhandari & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration

AUDIT-RELATED

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Approve Bhandari & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

9. Approve Dividend

CAPITAL STRUCTURE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Approve Dividend” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

10. Authorize Issuance of Long-Term Bonds (Financing of Infrastructure and Affordable housing), Perpetual Debt Instruments (Part of Additional Tier I Capital) and Tier II Capital Bonds Through Private Placement Mode

CAPITAL STRUCTUREOTHER

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Authorize Issuance of Long-Term Bonds (Financing of Infrastructure and Affordable housing), Perpetual Debt Ins” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

11. Reelect Kaizad Bharucha as Director

DIRECTOR ELECTIONS

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (725,567,985 for, 0 against).

FOR: 725,567,985 (100.0%)

Largest asset managers voting on “Reelect Kaizad Bharucha as Director” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	187,416,230	For
Fidelity	143,121,702	For
Dodge & Cox	58,064,900	For
Capital Group	51,749,233	For
MFS	42,257,256	For
Invesco	25,743,674	For
EUPAC FUND	21,746,084	For
TIAA	19,645,981	For
Morgan Stanley	10,768,439	For
WisdomTree	10,758,249	For
OLD WESTBURY FUNDS INC	10,293,880	For
State Street	10,030,791	For
T. Rowe Price	9,404,135	For
Franklin Templeton	9,283,529	For
Dimensional	8,955,156	For
JANUS INVESTMENT FUND	8,658,030	For
JPMorgan	7,023,294	For
American Century	6,440,839	For
TEMPLETON FUNDS	6,034,961	For
Aberdeen	5,520,904	For
TEMPLETON GROWTH FUND INC	5,166,185	For
NEW ECONOMY FUND	4,680,069	For
Northwestern Mutual	4,546,657	For
Allspring	4,525,099	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

12. Reelect Renu Karnad as Director

DIRECTOR ELECTIONS

Meeting held 2025-08-08; no official results are on file for this meeting.

99.5% fund support · no official result

FOR 99.5%

The 91 asset managers below cast 99.5% of the shares they voted on this item FOR (722,299,374 for, 3,268,611 against).

FOR: 722,299,374 (99.5%)AGAINST: 3,268,611 (0.5%)

Largest asset managers voting on “Reelect Renu Karnad as Director” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
Vanguard	184,423,619	2,992,611	For
Fidelity	143,121,702	0	For
Dodge & Cox	58,064,900	0	For
Capital Group	51,749,233	0	For
MFS	42,257,256	0	For
Invesco	25,743,674	0	For
EUPAC FUND	21,746,084	0	For
TIAA	19,645,981	0	For
Morgan Stanley	10,768,439	0	For
WisdomTree	10,758,249	0	For
OLD WESTBURY FUNDS INC	10,293,880	0	For
State Street	10,030,791	0	For
T. Rowe Price	9,404,135	0	For
Franklin Templeton	9,283,529	0	For
Dimensional	8,955,156	0	For
JANUS INVESTMENT FUND	8,658,030	0	For
JPMorgan	7,023,294	0	For
American Century	6,440,839	0	For
TEMPLETON FUNDS	6,034,961	0	For
Aberdeen	5,520,904	0	For
TEMPLETON GROWTH FUND INC	5,166,185	0	For
NEW ECONOMY FUND	4,680,069	0	For
Northwestern Mutual	4,546,657	0	For
Allspring	4,525,099	0	For
MATTHEWS INTERNATIONAL FUNDS	4,111,009	0	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

13. Approve Issuance of Bonus Shares

CAPITAL STRUCTURE

Meeting held 2025-08-21; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 90 asset managers below cast 99.9% of the shares they voted on this item FOR (724,115,652 for, 174,347 against).

FOR: 724,115,652 (100.0%)AGAINST: 174,347 (0.0%)

Largest asset managers voting on “Approve Issuance of Bonus Shares” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
Vanguard	186,974,443	0	For
Fidelity	142,011,982	0	For
Dodge & Cox	58,058,700	0	For
Capital Group	51,724,109	0	For
MFS	42,095,150	0	For
Invesco	25,885,605	0	For
EUPAC FUND	21,746,084	0	For
TIAA	19,142,687	0	For
WisdomTree	11,193,942	0	For
Morgan Stanley	10,622,609	174,347	For
OLD WESTBURY FUNDS INC	10,258,885	0	For
State Street	9,961,446	0	For
T. Rowe Price	9,462,516	0	For
Franklin Templeton	9,285,349	0	For
Dimensional	8,955,156	0	For
JANUS INVESTMENT FUND	8,658,030	0	For
JPMorgan	6,576,565	0	For
American Century	6,294,251	0	For
TEMPLETON FUNDS	6,235,786	0	For
Aberdeen	5,520,904	0	For
TEMPLETON GROWTH FUND INC	5,166,185	0	For
NEW ECONOMY FUND	4,680,069	0	For
Northwestern Mutual	4,576,844	0	For
Allspring	4,525,099	0	For
MATTHEWS INTERNATIONAL FUNDS	4,200,532	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

14. Increase Authorized Share Capital and Amend Capital Clause of the Memorandum of Association

CAPITAL STRUCTURE

Meeting held 2025-08-21; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 90 asset managers below cast 99.9% of the shares they voted on this item FOR (724,083,132 for, 206,867 against).

FOR: 724,083,132 (100.0%)AGAINST: 206,867 (0.0%)

Largest asset managers voting on “Increase Authorized Share Capital and Amend Capital Clause of the Memorandum of Association” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
Vanguard	186,974,443	0	For
Fidelity	142,011,982	0	For
Dodge & Cox	58,058,700	0	For
Capital Group	51,724,109	0	For
MFS	42,095,150	0	For
Invesco	25,885,605	0	For
EUPAC FUND	21,746,084	0	For
TIAA	19,142,687	0	For
WisdomTree	11,193,942	0	For
Morgan Stanley	10,622,609	174,347	For
OLD WESTBURY FUNDS INC	10,258,885	0	For
State Street	9,961,446	0	For
T. Rowe Price	9,462,516	0	For
Franklin Templeton	9,285,349	0	For
Dimensional	8,955,156	0	For
JANUS INVESTMENT FUND	8,658,030	0	For
JPMorgan	6,576,565	0	For
American Century	6,294,251	0	For
TEMPLETON FUNDS	6,235,786	0	For
Aberdeen	5,520,904	0	For
TEMPLETON GROWTH FUND INC	5,166,185	0	For
NEW ECONOMY FUND	4,680,069	0	For
Northwestern Mutual	4,576,844	0	For
Allspring	4,525,099	0	For
MATTHEWS INTERNATIONAL FUNDS	4,200,532	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

15. Approve Reappointment and Remuneration of Kaizad Bharucha as Deputy Managing Director

COMPENSATION

Meeting held 2026-03-13; no official results are on file for this meeting.

99.5% fund support · no official result

FOR 99.5%

The 89 asset managers below cast 99.5% of the shares they voted on this item FOR (1,267,186,997 for, 5,431,712 against).

FOR: 1,267,186,997 (99.6%)AGAINST: 5,431,712 (0.4%)

Largest asset managers voting on “Approve Reappointment and Remuneration of Kaizad Bharucha as Deputy Managing Director” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	362,738,925	For
Fidelity	236,600,737	For
Dodge & Cox	115,358,100	For
MFS	92,169,876	For
Invesco	45,457,339	For
TIAA	37,084,510	For
Capital Group	26,944,918	For
Franklin Templeton	23,126,472	For
State Street	22,091,483	For
EUPAC FUND	20,443,283	For
Morgan Stanley	19,364,845	For
WisdomTree	18,060,656	For
T. Rowe Price	17,617,688	For
Principal	17,600,122	For
American Century	17,155,595	For
JANUS INVESTMENT FUND	16,589,154	For
Dimensional	16,528,690	For
TEMPLETON GROWTH FUND INC	13,712,489	For
TEMPLETON FUNDS	12,787,032	For
Aberdeen	11,616,589	For
JPMorgan	10,215,023	For
Northwestern Mutual	9,620,654	For
OLD WESTBURY FUNDS INC	9,416,504	For
Allspring	9,050,198	For
MATTHEWS INTERNATIONAL FUNDS	7,773,564	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

16. Reelect Sunita Maheshwari as Director

DIRECTOR ELECTIONS

Meeting held 2026-04-26; no official results are on file for this meeting.

99.5% fund support · no official result

FOR 99.5%

The 84 asset managers below cast 99.5% of the shares they voted on this item FOR (1,137,812,545 for, 5,466,425 against).

FOR: 1,137,812,545 (99.5%)AGAINST: 5,466,425 (0.5%)

Largest asset managers voting on “Reelect Sunita Maheshwari as Director” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	366,745,247	For
Fidelity	168,424,330	For
Dodge & Cox	115,539,800	For
MFS	96,642,700	For
Invesco	44,874,635	For
TIAA	31,158,955	For
Franklin Templeton	22,787,699	For
State Street	22,606,213	For
Principal	18,902,618	For
TEMPLETON GROWTH FUND INC	17,959,049	For
WisdomTree	17,240,487	For
Morgan Stanley	16,727,685	For
American Century	16,164,854	For
Dimensional	15,004,426	For
T. Rowe Price	11,820,151	For
TEMPLETON FUNDS	11,241,052	For
JPMorgan	10,888,560	For
Aberdeen	10,827,980	For
OLD WESTBURY FUNDS INC	9,947,538	For
EUPAC FUND	9,820,571	For
Capital Group	9,648,220	For
Northwestern Mutual	9,560,537	For
Allspring	9,050,198	For
MATTHEWS INTERNATIONAL FUNDS	7,412,982	For
Goldman Sachs	6,783,033	For

Showing the 25 largest of 84 asset managers. See all 84 in the interactive database.

17. Amend Employee Stock Incentive Plan 2022

COMPENSATION

Meeting held 2026-05-20; no official results are on file for this meeting.

81% fund support · no official result

FOR 81%AGAINST 19%

The 77 asset managers below cast 81% of the shares they voted on this item FOR (891,697,901 for, 204,503,534 against).

FOR: 891,697,901 (81.3%)AGAINST: 204,503,534 (18.7%)

Largest asset managers voting on “Amend Employee Stock Incentive Plan 2022” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
Vanguard	367,156,495	0	For
Fidelity	168,022,619	0	For
Dodge & Cox	115,677,400	0	For
MFS	96,642,018	0	For
Invesco	42,336,277	1,546,475	For
TIAA	0	31,379,892	Against
State Street	22,607,748	0	For
Principal	0	21,281,724	Against
Franklin Templeton	626,997	20,446,988	Against
American Century	0	16,485,092	Against
WisdomTree	0	16,079,508	Against
Morgan Stanley	16,074,267	0	For
Dimensional	0	15,004,426	Against
Aberdeen	0	10,621,243	Against
OLD WESTBURY FUNDS INC	0	10,445,192	Against
TEMPLETON GROWTH FUND INC	0	10,435,925	Against
Capital Group	9,658,018	0	For
Northwestern Mutual	4,429,555	4,700,424	Against
Allspring	0	9,050,198	Against
TEMPLETON FUNDS	0	8,214,592	Against
JPMorgan	7,927,515	0	For
Goldman Sachs	331,624	6,575,201	Against
MATTHEWS INTERNATIONAL FUNDS	6,663,149	0	For
Calvert	5,449,701	0	For
TEMPLETON EMERGING MARKETS EQUITY FUND	4,301,285	0	For

Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.

18. TO CONSIDER AND APPROVE AMENDMENTS TO THE EMPLOYEE STOCK INCENTIVE PLAN 2022

COMPENSATION

Meeting held 2026-05-20; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 26 asset managers below cast 98% of the shares they voted on this item FOR (371,110,944 for, 6,232,005 against).

FOR: 371,110,944 (98.3%)AGAINST: 6,232,005 (1.7%)

Largest asset managers voting on “TO CONSIDER AND APPROVE AMENDMENTS TO THE EMPLOYEE STOCK INCENTIVE PLAN 2022” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
BlackRock	280,681,082	0	For
Vanguard	50,462,924	0	For
ADVISORS SERIES TRUST	8,165,136	0	For
Bridge Builder Trust	7,087,626	890,664	For
Brown Advisory Funds	6,030,270	0	For
TOUCHSTONE STRATEGIC TRUST	4,807,489	0	For
BAILLIE GIFFORD FUNDS	4,515,087	0	For
John Hancock	406,214	2,232,922	Against
Brighthouse	2,358,747	0	For
HARDING LOEVNER FUNDS INC	1,804,135	0	For
HARBOR FUNDS	0	1,473,713	Against
MASTER INVESTMENT PORTFOLIO	1,234,579	0	For
Jackson National	87,767	1,053,473	Against
FINANCIAL INVESTORS TRUST	977,960	0	For
OPTIMUM FUND TRUST	855,743	0	For
Global X	647,045	0	For
CARILLON SERIES TRUST	0	436,134	Against
Six Circles Trust	368,871	0	For
TOUCHSTONE FUNDS GROUP TRUST	234,230	0	For
Krane Shares Trust	131,293	0	For
NORTHERN LIGHTS FUND TRUST III	106,417	0	For
RBC FUNDS TRUST	0	100,080	Against
PFM Multi-Manager Series Trust	89,675	0	For
GPS Funds I	0	45,019	Against
Touchstone ETF Trust	40,891	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

19. RE-APPOINTMENT OF DR. (MRS.) SUNITA MAHESHWARI (DIN: 01641411) AS AN INDEPENDENT DIRECTOR OF THE BANK

DIRECTOR ELECTIONS

Meeting held 2026-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 25 asset managers below cast 100% of the shares they voted on this item FOR (362,034,803 for, 0 against).

FOR: 362,034,803 (100.0%)

Largest asset managers voting on “RE-APPOINTMENT OF DR. (MRS.) SUNITA MAHESHWARI (DIN: 01641411) AS AN INDEPENDENT DIRECTOR OF THE BANK” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	289,820,997	For
Vanguard	23,047,832	For
ADVISORS SERIES TRUST	8,165,136	For
Bridge Builder Trust	7,884,260	For
Brown Advisory Funds	7,663,862	For
BAILLIE GIFFORD FUNDS	4,826,774	For
TOUCHSTONE STRATEGIC TRUST	4,807,489	For
John Hancock	2,500,036	For
Brighthouse	2,358,747	For
Jackson National	2,237,179	For
HARDING LOEVNER FUNDS INC	1,706,820	For
HARBOR FUNDS	1,473,713	For
Six Circles Trust	1,278,937	For
MASTER INVESTMENT PORTFOLIO	1,223,222	For
FINANCIAL INVESTORS TRUST	977,960	For
OPTIMUM FUND TRUST	872,177	For
CARILLON SERIES TRUST	436,134	For
TOUCHSTONE FUNDS GROUP TRUST	237,422	For
Krane Shares Trust	131,293	For
NORTHERN LIGHTS FUND TRUST III	106,417	For
RBC FUNDS TRUST	100,080	For
PFM Multi-Manager Series Trust	89,675	For
GPS Funds I	45,019	For
Touchstone ETF Trust	37,964	For
UNIFIED SERIES TRUST	5,658	For

20. TO APPROVE RE-APPOINTMENT OF MR. KAIZAD BHARUCHA (DIN: 02490648) AS THE DEPUTY MANAGING DIRECTOR OF THE BANK, ON THE TERMS AND CONDITIONS RELATING TO THE SAID RE-APPOINTMENT, INCLUDING REMUNERATION, AS APPROVED BY THE RESERVE BANK OF INDIA

OTHER

Meeting held 2026-03-13; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (363,729,326 for, 0 against).

FOR: 363,729,326 (100.0%)

Largest asset managers voting on “TO APPROVE RE-APPOINTMENT OF MR. KAIZAD BHARUCHA (DIN: 02490648) AS THE DEPUTY MANAGING DIRECTOR OF THE BANK, ” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	292,627,588	For
Vanguard	23,603,586	For
Bridge Builder Trust	7,684,169	For
Brown Advisory Funds	7,585,744	For
TOUCHSTONE STRATEGIC TRUST	5,941,052	For
ADVISORS SERIES TRUST	5,320,696	For
BAILLIE GIFFORD FUNDS	4,343,946	For
FINANCIAL INVESTORS TRUST	2,561,674	For
John Hancock	2,465,354	For
Brighthouse	2,042,466	For
Jackson National	1,885,031	For
HARDING LOEVNER FUNDS INC	1,794,643	For
HARBOR FUNDS	1,481,744	For
Six Circles Trust	1,278,937	For
MASTER INVESTMENT PORTFOLIO	1,223,222	For
OPTIMUM FUND TRUST	698,952	For
CARILLON SERIES TRUST	436,134	For
TOUCHSTONE FUNDS GROUP TRUST	242,083	For
RBC FUNDS TRUST	139,503	For
NORTHERN LIGHTS FUND TRUST III	106,417	For
Krane Shares Trust	91,608	For
PFM Multi-Manager Series Trust	89,675	For
GPS Funds I	50,060	For
Touchstone ETF Trust	35,042	For

21. TO APPOINT A DIRECTOR IN PLACE OF MR. KAIZAD BHARUCHA (DIN: 02490648), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE- APPOINTMENT

DIRECTOR ELECTIONS

Meeting held 2025-08-08; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 99.9% of the shares they voted on this item FOR (179,751,685 for, 41,467 against).

FOR: 179,751,685 (100.0%)AGAINST: 41,467 (0.0%)

Largest asset managers voting on “TO APPOINT A DIRECTOR IN PLACE OF MR. KAIZAD BHARUCHA (DIN: 02490648), WHO RETIRES BY ROTATION AND BEING ELIGI” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
BlackRock	139,878,743	0	For
Vanguard	13,465,391	0	For
Brown Advisory Funds	4,003,185	0	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	0	For
Bridge Builder Trust	3,700,029	0	For
BAILLIE GIFFORD FUNDS	2,883,110	0	For
John Hancock	2,380,764	0	For
ADVISORS SERIES TRUST	2,185,782	0	For
HARDING LOEVNER FUNDS INC	1,400,488	0	For
Brighthouse	1,072,858	0	For
FINANCIAL INVESTORS TRUST	1,013,623	0	For
Jackson National	896,716	0	For
HARBOR FUNDS	887,274	0	For
MASTER INVESTMENT PORTFOLIO	722,161	0	For
Six Circles Trust	578,497	0	For
OPTIMUM FUND TRUST	368,568	0	For
CARILLON SERIES TRUST	218,067	0	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	0	For
RBC FUNDS TRUST	94,608	0	For
NORTHERN LIGHTS FUND TRUST III	42,666	0	For
Krane Shares Trust	0	41,467	Against
GPS Funds I	25,545	0	For
Touchstone ETF Trust	17,521	0	For
Advisors' Inner Circle Fund III	8,491	0	For

22. TO APPOINT A DIRECTOR IN PLACE OF MRS. RENU KARNAD (DIN: 00008064), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE- APPOINTMENT

DIRECTOR ELECTIONS

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO APPOINT A DIRECTOR IN PLACE OF MRS. RENU KARNAD (DIN: 00008064), WHO RETIRES BY ROTATION AND BEING ELIGIBLE” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

23. TO APPOINT M/S. B S R AND CO. LLP, CHARTERED ACCOUNTANTS AS ONE OF THE JOINT STATUTORY AUDITORS AND TO FIX THE OVERALL REMUNERATION OF THE JOINT STATUTORY AUDITORS

AUDIT-RELATED

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO APPOINT M/S. B S R AND CO. LLP, CHARTERED ACCOUNTANTS AS ONE OF THE JOINT STATUTORY AUDITORS AND TO FIX THE” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

24. TO APPOINT M/S. BHANDARI AND ASSOCIATES, COMPANY SECRETARIES AS SECRETARIAL AUDITORS AND TO FIX THEIR REMUNERATION

AUDIT-RELATED

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO APPOINT M/S. BHANDARI AND ASSOCIATES, COMPANY SECRETARIES AS SECRETARIAL AUDITORS AND TO FIX THEIR REMUNERA” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

25. TO CONSIDER DECLARATION OF DIVIDEND ON EQUITY SHARES

CAPITAL STRUCTURE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO CONSIDER DECLARATION OF DIVIDEND ON EQUITY SHARES” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

26. TO ISSUE LONG-TERM BONDS (FINANCING OF INFRASTRUCTURE AND AFFORDABLE HOUSING), PERPETUAL DEBT INSTRUMENTS (PART OF ADDITIONAL TIER I CAPITAL) AND TIER II CAPITAL BONDS THROUGH PRIVATE PLACEMENT

CAPITAL STRUCTURE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO ISSUE LONG-TERM BONDS (FINANCING OF INFRASTRUCTURE AND AFFORDABLE HOUSING), PERPETUAL DEBT INSTRUMENTS (PAR” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

27. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS (CONSOLIDATED) OF THE BANK FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 ALONG WITH THE REPORT OF AUDITORS THEREON

OTHER

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS (CONSOLIDATED) OF THE BANK FOR THE FINANCIAL Y” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

28. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS (STANDALONE) OF THE BANK FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 ALONG WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON

OTHER

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (179,793,152 for, 0 against).

FOR: 179,793,152 (100.0%)

Largest asset managers voting on “TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS (STANDALONE) OF THE BANK FOR THE FINANCIAL YEA” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
BlackRock	139,878,743	For
Vanguard	13,465,391	For
Brown Advisory Funds	4,003,185	For
TOUCHSTONE STRATEGIC TRUST	3,761,843	For
Bridge Builder Trust	3,700,029	For
BAILLIE GIFFORD FUNDS	2,883,110	For
John Hancock	2,380,764	For
ADVISORS SERIES TRUST	2,185,782	For
HARDING LOEVNER FUNDS INC	1,400,488	For
Brighthouse	1,072,858	For
FINANCIAL INVESTORS TRUST	1,013,623	For
Jackson National	896,716	For
HARBOR FUNDS	887,274	For
MASTER INVESTMENT PORTFOLIO	722,161	For
Six Circles Trust	578,497	For
OPTIMUM FUND TRUST	368,568	For
CARILLON SERIES TRUST	218,067	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	For
RBC FUNDS TRUST	94,608	For
NORTHERN LIGHTS FUND TRUST III	42,666	For
Krane Shares Trust	41,467	For
GPS Funds I	25,545	For
Touchstone ETF Trust	17,521	For
Advisors' Inner Circle Fund III	8,491	For

29. INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE BANK AND CONSEQUENTIAL ALTERATION TO THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION

CAPITAL STRUCTURE

Meeting held 2025-08-21; no official results are on file for this meeting.

23% fund support · no official result

FOR 23%AGAINST 77%

The 24 asset managers below cast 23% of the shares they voted on this item FOR (41,040,433 for, 138,454,644 against).

FOR: 41,040,433 (22.9%)AGAINST: 138,454,644 (77.1%)

Largest asset managers voting on “INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE BANK AND CONSEQUENTIAL ALTERATION TO THE CAPITAL CLAUSE OF THE” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
BlackRock	1,970,745	137,515,203	Against
Vanguard	13,460,422	0	For
Brown Advisory Funds	3,984,146	0	For
TOUCHSTONE STRATEGIC TRUST	3,791,826	0	For
Bridge Builder Trust	3,700,029	0	For
BAILLIE GIFFORD FUNDS	2,941,792	0	For
John Hancock	2,367,220	0	For
ADVISORS SERIES TRUST	2,185,782	0	For
HARDING LOEVNER FUNDS INC	1,447,144	0	For
Brighthouse	1,072,858	0	For
FINANCIAL INVESTORS TRUST	1,013,623	0	For
Jackson National	900,250	0	For
HARBOR FUNDS	887,274	0	For
MASTER INVESTMENT PORTFOLIO	354,634	367,527	Against
Six Circles Trust	0	571,914	Against
OPTIMUM FUND TRUST	368,568	0	For
CARILLON SERIES TRUST	218,067	0	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	0	For
RBC FUNDS TRUST	94,608	0	For
NORTHERN LIGHTS FUND TRUST III	42,666	0	For
Krane Shares Trust	41,467	0	For
GPS Funds I	25,545	0	For
Touchstone ETF Trust	17,521	0	For
Advisors' Inner Circle Fund III	8,491	0	For

30. ISSUANCE OF BONUS SHARES

CAPITAL STRUCTURE

Meeting held 2025-08-21; no official results are on file for this meeting.

23% fund support · no official result

FOR 23%AGAINST 77%

The 24 asset managers below cast 23% of the shares they voted on this item FOR (41,040,433 for, 138,454,644 against).

FOR: 41,040,433 (22.9%)AGAINST: 138,454,644 (77.1%)

Largest asset managers voting on “ISSUANCE OF BONUS SHARES” at HDFC Bank Limited, 2025-2026
Asset manager	For	Against	Vote
BlackRock	1,970,745	137,515,203	Against
Vanguard	13,460,422	0	For
Brown Advisory Funds	3,984,146	0	For
TOUCHSTONE STRATEGIC TRUST	3,791,826	0	For
Bridge Builder Trust	3,700,029	0	For
BAILLIE GIFFORD FUNDS	2,941,792	0	For
John Hancock	2,367,220	0	For
ADVISORS SERIES TRUST	2,185,782	0	For
HARDING LOEVNER FUNDS INC	1,447,144	0	For
Brighthouse	1,072,858	0	For
FINANCIAL INVESTORS TRUST	1,013,623	0	For
Jackson National	900,250	0	For
HARBOR FUNDS	887,274	0	For
MASTER INVESTMENT PORTFOLIO	354,634	367,527	Against
Six Circles Trust	0	571,914	Against
OPTIMUM FUND TRUST	368,568	0	For
CARILLON SERIES TRUST	218,067	0	For
TOUCHSTONE FUNDS GROUP TRUST	145,755	0	For
RBC FUNDS TRUST	94,608	0	For
NORTHERN LIGHTS FUND TRUST III	42,666	0	For
Krane Shares Trust	41,467	0	For
GPS Funds I	25,545	0	For
Touchstone ETF Trust	17,521	0	For
Advisors' Inner Circle Fund III	8,491	0	For

31. Re-appointment of Kaizad Bharucha (Deputy Managing Director); Approval of Remuneration

COMPENSATION

Meeting held 2026-03-13; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (97,120,467 for, 0 against).

FOR: 97,120,467 (100.0%)

Largest asset managers voting on “Re-appointment of Kaizad Bharucha (Deputy Managing Director); Approval of Remuneration” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,509,973	For
Hartford	23,355,511	For
Charles Schwab	19,122,297	For
Fidelity	5,659,308	For
Russell Investments	3,604,701	For
Advisors' Inner Circle Fund III	1,836,169	For
Datum One Series Trust	1,744,230	For
Mercer Funds	1,381,867	For
SEI	603,773	For
Global X	602,535	For
Dalton Investments, Inc.	478,777	For
VanEck Funds	351,000	For
SEI Exchange Traded Funds	267,845	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	143,319	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	24,517	For
New York Life	13,706	For
Federated Hermes	13,563	For

32. Related Party Transactions with HDB Financial Services Limited

CORPORATE GOVERNANCE

Meeting held 2026-03-13; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (96,641,690 for, 0 against).

FOR: 96,641,690 (100.0%)

Largest asset managers voting on “Related Party Transactions with HDB Financial Services Limited” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,509,973	For
Hartford	23,355,511	For
Charles Schwab	19,122,297	For
Fidelity	5,659,308	For
Russell Investments	3,604,701	For
Advisors' Inner Circle Fund III	1,836,169	For
Datum One Series Trust	1,744,230	For
Mercer Funds	1,381,867	For
SEI	603,773	For
Global X	602,535	For
VanEck Funds	351,000	For
SEI Exchange Traded Funds	267,845	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	143,319	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	24,517	For
New York Life	13,706	For
Federated Hermes	13,563	For

33. Related Party Transactions with HDFC ERGO General Insurance Company Limited

CORPORATE GOVERNANCE

Meeting held 2026-03-13; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (96,641,690 for, 0 against).

FOR: 96,641,690 (100.0%)

Largest asset managers voting on “Related Party Transactions with HDFC ERGO General Insurance Company Limited” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,509,973	For
Hartford	23,355,511	For
Charles Schwab	19,122,297	For
Fidelity	5,659,308	For
Russell Investments	3,604,701	For
Advisors' Inner Circle Fund III	1,836,169	For
Datum One Series Trust	1,744,230	For
Mercer Funds	1,381,867	For
SEI	603,773	For
Global X	602,535	For
VanEck Funds	351,000	For
SEI Exchange Traded Funds	267,845	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	143,319	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	24,517	For
New York Life	13,706	For
Federated Hermes	13,563	For

34. Related Party Transactions with HDFC Life Insurance Company Limited

CORPORATE GOVERNANCE

Meeting held 2026-03-13; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (96,641,690 for, 0 against).

FOR: 96,641,690 (100.0%)

Largest asset managers voting on “Related Party Transactions with HDFC Life Insurance Company Limited” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,509,973	For
Hartford	23,355,511	For
Charles Schwab	19,122,297	For
Fidelity	5,659,308	For
Russell Investments	3,604,701	For
Advisors' Inner Circle Fund III	1,836,169	For
Datum One Series Trust	1,744,230	For
Mercer Funds	1,381,867	For
SEI	603,773	For
Global X	602,535	For
VanEck Funds	351,000	For
SEI Exchange Traded Funds	267,845	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	143,319	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	24,517	For
New York Life	13,706	For
Federated Hermes	13,563	For

35. Related Party Transactions with HDFC Securities Limited

CORPORATE GOVERNANCE

Meeting held 2026-03-13; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (96,641,690 for, 0 against).

FOR: 96,641,690 (100.0%)

Largest asset managers voting on “Related Party Transactions with HDFC Securities Limited” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,509,973	For
Hartford	23,355,511	For
Charles Schwab	19,122,297	For
Fidelity	5,659,308	For
Russell Investments	3,604,701	For
Advisors' Inner Circle Fund III	1,836,169	For
Datum One Series Trust	1,744,230	For
Mercer Funds	1,381,867	For
SEI	603,773	For
Global X	602,535	For
VanEck Funds	351,000	For
SEI Exchange Traded Funds	267,845	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	143,319	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	24,517	For
New York Life	13,706	For
Federated Hermes	13,563	For

36. Elect Sunita Maheshwari

DIRECTOR ELECTIONS

Meeting held 2026-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (96,820,117 for, 0 against).

FOR: 96,820,117 (100.0%)

Largest asset managers voting on “Elect Sunita Maheshwari” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	37,798,661	For
Hartford	23,304,398	For
Charles Schwab	19,203,647	For
Fidelity	5,033,334	For
Russell Investments	3,307,398	For
Datum One Series Trust	2,199,309	For
Advisors' Inner Circle Fund III	1,737,796	For
Mercer Funds	1,485,034	For
SEI	952,945	For
Global X	615,057	For
VanEck Funds	361,449	For
SEI Exchange Traded Funds	223,930	For
Morningstar Funds Trust	190,238	For
Venerable Variable Insurance Trust	139,858	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
Prudential/PGIM	22,656	For
New York Life	13,706	For
Federated Hermes	13,563	For

37. Amendments to the Employee Stock Incentive Plan 2022

COMPENSATION

Meeting held 2026-05-20; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (61,481,534 for, 0 against).

FOR: 61,481,534 (100.0%)

Largest asset managers voting on “Amendments to the Employee Stock Incentive Plan 2022” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Hartford	22,721,274	For
Charles Schwab	19,800,233	For
Fidelity	4,757,249	For
Russell Investments	3,217,279	For
Datum One Series Trust	2,871,694	For
Vanguard	2,445,341	For
Advisors' Inner Circle Fund III	1,737,796	For
Mercer Funds	1,656,343	For
SEI	960,257	For
VanEck Funds	359,549	For
Morningstar Funds Trust	233,467	For
SEI Exchange Traded Funds	221,935	For
Dalton Investments, Inc.	132,854	For
Venerable Variable Insurance Trust	124,775	For
Morgan Stanley	93,760	For
PACE SELECT ADVISORS TRUST	68,478	For
VanEck VIP Trust	54,900	For
New York Life	13,706	For
Federated Hermes	10,644	For

38. Accounts and Reports (Consolidated)

CORPORATE GOVERNANCE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (46,130,279 for, 0 against).

FOR: 46,130,279 (100.0%)

Largest asset managers voting on “Accounts and Reports (Consolidated)” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	17,665,294	For
Hartford	10,275,164	For
Charles Schwab	9,370,398	For
Fidelity	2,587,260	For
Russell Investments	1,995,283	For
Advisors' Inner Circle Fund III	1,462,910	For
Mercer Funds	987,541	For
Datum One Series Trust	880,015	For
VanEck Funds	234,200	For
Global X	180,716	For
SEI	175,307	For
SEI Exchange Traded Funds	83,856	For
PACE SELECT ADVISORS TRUST	56,692	For
VanEck VIP Trust	55,200	For
Morgan Stanley	53,380	For
Neuberger Berman	39,016	For
Prudential/PGIM	17,001	For
Federated Hermes	7,596	For
Goldman Sachs	3,450	For

39. Accounts and Reports (Standalone)

CORPORATE GOVERNANCE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (46,130,279 for, 0 against).

FOR: 46,130,279 (100.0%)

Largest asset managers voting on “Accounts and Reports (Standalone)” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	17,665,294	For
Hartford	10,275,164	For
Charles Schwab	9,370,398	For
Fidelity	2,587,260	For
Russell Investments	1,995,283	For
Advisors' Inner Circle Fund III	1,462,910	For
Mercer Funds	987,541	For
Datum One Series Trust	880,015	For
VanEck Funds	234,200	For
Global X	180,716	For
SEI	175,307	For
SEI Exchange Traded Funds	83,856	For
PACE SELECT ADVISORS TRUST	56,692	For
VanEck VIP Trust	55,200	For
Morgan Stanley	53,380	For
Neuberger Berman	39,016	For
Prudential/PGIM	17,001	For
Federated Hermes	7,596	For
Goldman Sachs	3,450	For

40. Allocation of Profits/Dividends

CAPITAL STRUCTURE

Meeting held 2025-08-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (46,130,279 for, 0 against).

FOR: 46,130,279 (100.0%)

Largest asset managers voting on “Allocation of Profits/Dividends” at HDFC Bank Limited, 2025-2026
Asset manager	For	Vote
Vanguard	17,665,294	For
Hartford	10,275,164	For
Charles Schwab	9,370,398	For
Fidelity	2,587,260	For
Russell Investments	1,995,283	For
Advisors' Inner Circle Fund III	1,462,910	For
Mercer Funds	987,541	For
Datum One Series Trust	880,015	For
VanEck Funds	234,200	For
Global X	180,716	For
SEI	175,307	For
SEI Exchange Traded Funds	83,856	For
PACE SELECT ADVISORS TRUST	56,692	For
VanEck VIP Trust	55,200	For
Morgan Stanley	53,380	For
Neuberger Berman	39,016	For
Prudential/PGIM	17,001	For
Federated Hermes	7,596	For
Goldman Sachs	3,450	For

Showing the 40 reported items with the widest manager coverage, of 47 in total. View every item.

Largest HDFC Bank Limited shareholders voting in 2025-2026

Ranked by the number of HDFC Bank Limited shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top HDFC Bank Limited shareholders by shares voted, 2025-2026
#	Asset manager	Shares voted
1	Vanguard	386,342,511
2	BlackRock	294,539,066
3	Fidelity	236,600,737
4	Dodge & Cox	115,358,100
5	MFS	92,169,876
6	Invesco	45,457,339
7	TIAA	37,084,510
8	Capital Group	26,944,918
9	Franklin Templeton	23,126,472
10	State Street	22,091,483

Shown as share counts, not percentages: no shares-outstanding figure has been matched to HDFC Bank Limited for the 2025-2026 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At HDFC Bank Limited's 5 shareholder meetings in the 2025-2026 proxy season (held 2025-08-08, 2025-08-21, 2026-03-13, 2026-04-26 and 2026-05-20), 136 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,957 separate fund positions. Their filings are grouped here into 47 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH HDB FINANCIAL SERVICES LIMITED — the reporting funds cast 100% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

HDFC Bank Limited proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).