HDFC Bank -Wikipedia and Dividend History
HDFC Bank Dividend & Bonus History Year Wise
HDFC Bank Dividend & Bonus History
Year Wise Since Inception (1994–2025)
Complete dividend list, first-ever 1:1 bonus issue, live stock yield calculator, revenue breakdown, employee data & real-time news
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HDFC Bank – Company Overview
HDFC Bank Limited (NSE: HDFCBANK | BSE: 500180) is India’s largest private sector bank by assets and market capitalisation. Incorporated in August 1994 as a subsidiary of Housing Development Finance Corporation (HDFC Ltd.), the bank began operations in January 1995. After the landmark merger with parent HDFC Ltd. in July 2023, the bank became even more formidable, creating the second-largest bank in India by total assets and the 10th largest bank globally by market cap (2025).
📐 HDFC Bank Stock Yield Calculator
Calculate your total returns — dividends + capital gains — if you had invested in HDFC Bank shares at any point since inception.
⚠️ This is an educational estimate based on approximate historical prices and dividend data. Does not account for taxes or brokerage. Past performance is not indicative of future results.
📰 Latest HDFC Bank News & Updates
Stay updated with the most recent news about HDFC Bank dividends, results and corporate actions.
🎁 HDFC Bank Bonus Share History
For over 30 years, HDFC Bank had never issued a bonus share — making it a unique outlier among large-cap Indian stocks. That changed dramatically in 2025 when the bank issued its first-ever bonus shares since inception.
| # | Announcement Date | Bonus Ratio | Record Date | Ex-Bonus Date | Significance |
|---|---|---|---|---|---|
| 1 | July 19, 2025 | 1:1 | August 27, 2025 | August 26, 2025 | 🏆 First-ever in HDFC Bank’s 30+ year history |
📅 FY 2020–21 to FY 2024–25: Dividend History
The 2020s brought the COVID-19 disruption (RBI banned dividends for FY 2019-20), followed by the landmark HDFC Ltd. merger in FY 2022-23 and the first-ever bonus issue in FY 2025-26. Dividends have grown at a blistering pace post-merger.
| Financial Year | Type | ₹/Share (Face ₹1) | Ex-Dividend Date | Pay Date | Payout Ratio |
|---|---|---|---|---|---|
| 2025-26 (Q1) | Special Interim | ₹5.00 | Jul 19, 2025 | Aug 2025 | ~5% |
| 2024-25 | Final | ₹22.00 | Jul 25, 2025 | Aug 2025 | ~27% |
| 2023-24 | Final | ₹19.50 | May 2024 | Jun 2024 | ~24% |
| 2022-23 | Final | ₹19.00 | May 2023 | Jun 2023 | ~22% |
| 2021-22 | Final | ₹15.50 | May 2022 | Jun 2022 | ~20% |
| 2020-21 | Final (RBI limit 50%) | ₹6.50 | Jul 2021 | Aug 2021 | ~13% |
| 2019-20 (Special) | Special Interim | ₹2.50 | Jan 2020 | Feb 2020 | — |
| 2019-20 (Final) | Skipped | NIL | — | — | RBI COVID restriction |
📅 FY 2010–11 to FY 2019–20: Dividend History
The 2010s were HDFC Bank’s golden expansion decade — branch count exploded, retail deposits surged, and digital banking took off. Dividends grew steadily, reflecting the bank’s compounding earnings power.
| Financial Year | Type | ₹/Share | Face Value at Time |
|---|---|---|---|
| 2018-19 | Final | ₹15.00 | ₹2 |
| 2017-18 | Final | ₹13.00 | ₹2 |
| 2016-17 | Final | ₹11.00 | ₹2 |
| 2015-16 | Final | ₹9.50 | ₹2 |
| 2014-15 | Final | ₹8.00 | ₹2 |
| 2013-14 | Final | ₹6.85 | ₹2 |
| 2012-13 | Final | ₹5.50 | ₹2 |
| 2011-12 | Final | ₹4.30 | ₹2 |
| 2010-11 | Final | ₹3.30 | ₹10 (pre-split) |
📅 FY 2000–01 to FY 2009–10: Dividend History
The 2000s saw HDFC Bank transform from a small private bank to a formidable challenger institution. The acquisition of Times Bank (2000) and Centurion Bank of Punjab (2008) added scale. Dividends grew from ₹2.50 to ₹10 per share (pre-split).
| Financial Year | Type | ₹/Share (Face ₹10) |
|---|---|---|
| 2009-10 | Final | ₹10.00 |
| 2008-09 | Final | ₹10.00 |
| 2007-08 | Final | ₹8.50 |
| 2006-07 | Final | ₹7.00 |
| 2005-06 | Final | ₹5.50 |
| 2004-05 | Final | ₹4.50 |
| 2003-04 | Final | ₹3.50 |
| 2002-03 | Final | ₹3.00 |
| 2001-02 | Final | ₹2.50 |
| 2000-01 | Final | ₹2.50 |
📅 FY 1994–95 to FY 1999–2000: Dividend History
HDFC Bank began operations in January 1995 and listed on the BSE in 1996 via an IPO at ₹40 per share. The early years were characterised by rapid growth and modest dividends as capital was deployed to build branch networks and technology infrastructure.
| Financial Year | Type | ₹/Share (Face ₹10) | Notes |
|---|---|---|---|
| 1999-2000 | Final | ₹2.50 | Acquisition of Times Bank |
| 1998-99 | Final | ₹2.00 | — |
| 1997-98 | Final | ₹1.80 | — |
| 1996-97 | Final | ₹1.50 | IPO listed on BSE/NSE |
| 1995-96 | Final | ₹1.00 | First-ever dividend |
| 1994-95 | — | NIL | Operations commenced Jan 1995 |
📊 Complete Year-Wise HDFC Bank Dividend Table (All Years)
Consolidated reference table — all dividends declared by HDFC Bank from inception to latest. All amounts are as officially declared; please note face value changes due to stock splits in 2011 (₹10→₹2) and 2019 (₹2→₹1).
| # | Financial Year | Dividend/Share (₹) | Face Value | Type | Status |
|---|---|---|---|---|---|
| 1 | 2025-26 Q1 | ₹5.00 | ₹1 | Special Interim | ✅ Paid |
| 2 | 2024-25 | ₹22.00 | ₹1 | Final | ✅ Paid |
| 3 | 2023-24 | ₹19.50 | ₹1 | Final | ✅ Paid |
| 4 | 2022-23 | ₹19.00 | ₹1 | Final | ✅ Paid |
| 5 | 2021-22 | ₹15.50 | ₹1 | Final | ✅ Paid |
| 6 | 2020-21 | ₹6.50 | ₹1 | Final | ✅ Paid (RBI 50% cap) |
| 7 | 2019-20 (Special) | ₹2.50 | ₹2 | Special Interim | ✅ Paid (25yr anniversary) |
| 8 | 2019-20 (Final) | NIL | — | — | ❌ Skipped (RBI COVID) |
| 9 | 2018-19 | ₹15.00 | ₹2 | Final | ✅ Paid |
| 10 | 2017-18 | ₹13.00 | ₹2 | Final | ✅ Paid |
| 11 | 2016-17 | ₹11.00 | ₹2 | Final | ✅ Paid |
| 12 | 2015-16 | ₹9.50 | ₹2 | Final | ✅ Paid |
| 13 | 2014-15 | ₹8.00 | ₹2 | Final | ✅ Paid |
| 14 | 2013-14 | ₹6.85 | ₹2 | Final | ✅ Paid |
| 15 | 2012-13 | ₹5.50 | ₹2 | Final | ✅ Paid |
| 16 | 2011-12 | ₹4.30 | ₹2 | Final | ✅ Paid |
| 17 | 2010-11 | ₹3.30 | ₹10 | Final | ✅ Paid |
| 18 | 2009-10 | ₹10.00 | ₹10 | Final | ✅ Paid |
| 19 | 2008-09 | ₹10.00 | ₹10 | Final | ✅ Paid |
| 20 | 2007-08 | ₹8.50 | ₹10 | Final | ✅ Paid |
| 21 | 2006-07 | ₹7.00 | ₹10 | Final | ✅ Paid |
| 22 | 2005-06 | ₹5.50 | ₹10 | Final | ✅ Paid |
| 23 | 2004-05 | ₹4.50 | ₹10 | Final | ✅ Paid |
| 24 | 2003-04 | ₹3.50 | ₹10 | Final | ✅ Paid |
| 25 | 2002-03 | ₹3.00 | ₹10 | Final | ✅ Paid |
| 26 | 2001-02 | ₹2.50 | ₹10 | Final | ✅ Paid |
| 27 | 2000-01 | ₹2.50 | ₹10 | Final | ✅ Paid |
| 28 | 1999-2000 | ₹2.50 | ₹10 | Final | ✅ Paid |
| 29 | 1998-99 | ₹2.00 | ₹10 | Final | ✅ Paid |
| 30 | 1997-98 | ₹1.80 | ₹10 | Final | ✅ Paid |
| 31 | 1996-97 | ₹1.50 | ₹10 | Final | ✅ Paid |
| 32 | 1995-96 | ₹1.00 | ₹10 | Final | ✅ First Ever Dividend |
| — | 1994-95 | NIL | — | — | Operations begun Jan 1995 |
Source: HDFC Bank official filings, BSE/NSE corporate action data. Stock splits: 2011 (₹10→₹2) and 2019 (₹2→₹1).
💰 HDFC Bank Revenue Areas & Business Segments
Understanding where HDFC Bank earns drives insight into its dividend sustainability. The bank’s diverse revenue base — spanning retail banking, treasury, and wholesale — provides resilience and growing cash flows to support increasing dividends.
| Metric | FY 2024-25 | FY 2023-24 | Growth |
|---|---|---|---|
| Net Interest Income (NII) | ~₹1,18,000 Cr | ~₹1,08,000 Cr | +9.3% |
| Non-Interest Income | ~₹35,000 Cr | ~₹29,500 Cr | +18.6% |
| Net Profit (PAT) | ~₹68,000 Cr | ~₹60,800 Cr | +11.8% |
| Total Assets | ~₹38.8 L Cr | ~₹35.8 L Cr | +8.4% |
| Total Loans | ~₹26.4 L Cr | ~₹24.6 L Cr | +7.3% |
| CASA Ratio | ~36% | ~38% | -200 bps |
| Gross NPA Ratio | ~1.24% | ~1.26% | Improved |
| Dividend Per Share | ₹22.00 | ₹19.50 | +12.8% |
Note: FY25 figures are approximate; refer to official HDFC Bank annual report for exact numbers.
👥 HDFC Bank Employees – Growth Timeline
From a small team of a few hundred in 1995, HDFC Bank has grown into one of India’s largest private sector employers. As of March 31, 2025, HDFC Bank employs 2,14,521 people — a workforce larger than many countries’ armies. The massive jump in FY24 reflects the HDFC Ltd. merger (July 2023) adding over 40,000 employees.
📈 Dividend Trend Analysis & Investment Insights
❓ Frequently Asked Questions (FAQs)
HDFC Bank declared a final dividend of ₹22 per share for FY 2024-25 (face value ₹1, post-2019 split). The ex-dividend date was July 25, 2025 and payment was made in August 2025. Additionally, a special interim dividend of ₹5 per share was declared in Q1 FY26 (July 2025).
HDFC Bank paid its first dividend in Financial Year 1995-96 — just one year after commencing banking operations in January 1995. The amount was ₹1 per share on a face value of ₹10.
No. The 2025 bonus issue was the first-ever in HDFC Bank’s 30+ year history. This is remarkable for a Nifty 50 large-cap company. The bank had previously undertaken stock splits (2011 and 2019) but never a bonus issue until July 2025.
The Reserve Bank of India (RBI) issued a circular on April 17, 2020 restricting all banks from paying dividends from FY 2019-20 profits, to preserve capital amid COVID-19 uncertainty. HDFC Bank’s board complied and skipped the final dividend. However, a special interim dividend of ₹2.50 had already been paid in January 2020 to celebrate the bank’s 25th anniversary.
As of 2025, HDFC Bank’s dividend yield is approximately 1.6% to 2.0% based on current share prices (post-bonus adjustment). The 5-year dividend growth rate is approximately 31.95%, making it one of the fastest-growing dividend payers in the banking sector despite relatively low absolute yield.
As of March 31, 2025, HDFC Bank has 2,14,521 employees (source: NSE filings). This was a modest increase of 994 from FY24’s 2,13,527. The large FY24 figure included employees from the HDFC Ltd. merger (completed July 2023). The bank is one of India’s largest private sector employers.
HDFC Bank’s current face value per share is ₹1 (post the August 2025 bonus issue, each old share became two new shares, both with face value ₹1). Original face value was ₹10, reduced to ₹2 in 2011, then to ₹1 in 2019 via stock splits.
HDFC Bank is widely regarded as a high-quality compounding stock with growing dividends. Its 5-year dividend CAGR of ~32%, consistent earnings growth, strong asset quality, and now its first-ever bonus issue make it attractive for long-term wealth creation. However, its yield (~1.6%) is modest compared to PSU banks. The real return for long-term holders has been from price appreciation + dividends combined — historically one of India’s best compounders.