10^th May, 2004

The New York Stock Exchange,
New York,
U. S. A.

Dear Sir,

Sub.: Change in the Bank’s Directorate

We wish to inform that Dr. (Mrs.) Amla Samanta has ceased to be a Director of the Bank with effect from 25^th April, 2004.

As per the provisions of the Indian Banking Regulation Act, 1949, no director of a banking company other than the Chairman and the Managing Director can hold office for a continuous period exceeding 8 years. Dr. (Mrs.) Amla Samanta has completed 8 year term on 25^th April, 2004 and has accordingly relinquished her directorship.

This is for your information and records.

Thanking you,

Yours faithfully,
For HDFC Bank Limited

Sanjay Dongre
Vice President (Legal) &
Company Secretary