HDFC Bank Recommends Final Dividend of ₹13/Share; Total ₹15.50 for FY26
HDFC Bank's Board approved FY26 results and recommended a final dividend of ₹13 per share, bringing the total for the year to ₹15.50. The record date for the dividend is June 19, 2026. The bank also plans to raise up to ₹60,000 crore and proposed amendments to its Employee Stock Incentive Scheme.
The declaration of a substantial dividend and the large-scale fundraising plan are significant financial events that can directly impact shareholders and the bank's market position.
The announcement is positive due to the recommendation of a final dividend and the plan to raise significant capital, indicating financial health and growth prospects.
HDFC Bank Limited's Board of Directors, in a meeting held on April 18, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Joint Statutory Auditors, B S R & Co. LLP and Batliboi & Purohit, issued an unmodified audit report on these financial results.
The Board recommended a final dividend of ₹13.00 per equity share of ₹1 for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming annual general meeting. Combined with the special interim dividend of ₹2.50 per equity share paid on August 11, 2025, the total dividend for the year amounts to ₹15.50 per equity share.
The record date for determining eligibility for this dividend is fixed as Friday, June 19, 2026. The Bank also announced its plan to raise up to ₹60,000 crore through Perpetual Debt Instruments, Tier II Capital Bonds, and Long-Term Bonds within twelve months of shareholder approval, via private placement.
Furthermore, amendments to the Employee Stock Incentive Scheme, 2022, were approved, pending shareholder approval through postal ballot. These amendments include renaming the Nomination and Remuneration Committee to Governance, Nomination and Remuneration Committee, extending the plan's validity by five years to May 13, 2031, and clarifying the committee's authority regarding RSUs in cases of misconduct or other employment-related situations. Changes were also made to the criteria for granting RSUs and the maximum number of RSUs an individual employee can receive annually, increasing it to 50,000 RSUs.
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HDFC Bank Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by HDFC Bank Limited. Read the original for the full detail.