EX-8 3 d854075dex8.htm EX-8

Exhibit 8

List of Subsidiaries of HDFC Bank Limited

(as of March 31, 2025)

Legal Name of Subsidiary |  | Jurisdiction of Incorporation |  | Percentage Held |  |  | Holding
HDB Financial Services Limited(1) |  | India |  |  | 94.9 | % |  | Direct
HDFC Securities Limited |  | India |  |  | 94.8 | % |  | Direct
HDFC Securities IFSC Limited(2) |  | India |  |  | 94.8 | % |  | Indirect
HDFC Life Insurance Company Limited(3) |  | India |  |  | 50.3 | % |  | Direct
HDFC International Life & Re. Company Limited(4) |  | Dubai |  |  | 50.3 | % |  | Indirect
HDFC Pension Fund Management Limited(4) |  | India |  |  | 50.3 | % |  | Indirect
HDFC Asset Management Company Limited(3) |  | India |  |  | 52.5 | % |  | Direct
HDFC AMC International (IFSC) Limited(5) |  | India |  |  | 52.5 | % |  | Indirect
HDFC Sales Private Limited |  | India |  |  | 100 | % |  | Direct
HDFC Capital Advisors Limited |  | India |  |  | 89.3 | % |  | Direct
HDFC Trustee Company Limited |  | India |  |  | 100 | % |  | Direct
Griha Pte Limited |  | Singapore |  |  | 100 | % |  | Direct
Griha Investments |  | Mauritius |  |  | 100 | % |  | Direct

(1) | As a result of an IPO, HDB Financial Services Limited’s equity shares were listed on July 2, 2025. Following the IPO, the Bank holds 74.7 percent of the outstanding equity share capital of HDB Financial Services Limited.

(2) | Wholly owned subsidiary of HDFC Securities Limited.

(3) | Publicly listed.

(4) | Wholly owned subsidiary of HDFC Life Insurance Company Limited.

(5) | Wholly owned subsidiary of HDFC Asset Management Company Limited.