Exhibit 8
List of Subsidiaries of HDFC Bank Limited
(as of March 31, 2026)
| Legal Name of Subsidiary |
Jurisdiction of Incorporation |
Percentage Held |
Holding | |||||
| HDB Financial Services Limited(1) |
India | 74.6 | % | Direct | ||||
| HDFC Securities Limited |
India | 94.3 | % | Direct | ||||
| HDFC Securities IFSC Limited(2) |
India | 94.8 | % | Indirect | ||||
| HDFC Life Insurance Company Limited(1) |
India | 50.2 | % | Direct | ||||
| HDFC International Life & Re. Company Limited(3) |
Dubai | 50.3 | % | Indirect | ||||
| HDFC Pension Fund Management Limited(3) |
India | 50.3 | % | Indirect | ||||
| HDFC Asset Management Company Limited(1) |
India | 52.4 | % | Direct | ||||
| HDFC AMC International (IFSC) Limited(4) |
India | 52.5 | % | Indirect | ||||
| HDFC Sales Private Limited |
India | 100 | % | Direct | ||||
| HDFC Capital Advisors Limited |
India | 89.7 | % | Direct | ||||
| HDFC Trustee Company Limited |
India | 100 | % | Direct | ||||
| Griha Pte Limited |
Singapore | 100 | % | Direct | ||||
| Griha Investments |
Mauritius | 100 | % | Direct | ||||
| (1) | Publicly listed. |
| (2) | Wholly owned subsidiary of HDFC Securities Limited. |
| (3) | Wholly owned subsidiary of HDFC Life Insurance Company Limited. |
| (4) | Wholly owned subsidiary of HDFC Asset Management Company Limited. |