HDFC Bank Ltd., India’s largest private-sector lender, said its board will meet on 19 July to consider issuing bonus shares for the first time since the bank’s listing. The directors will also weigh a special dividend and approve financial results for the quarter ended June. The announcement marks a shift from the lender’s past capital-management actions, which have been limited to stock splits in 2011 and 2019. A bonus issue would increase the number of shares outstanding, potentially improving liquidity and signaling management’s confidence in future earnings. HDFC Bank’s stock closed at ₹1,998 on Tuesday, up 0.8% and just shy of its 52-week high of ₹2,027. The board’s decision on Saturday will be closely watched by investors looking for cues on the bank’s growth strategy and capital deployment.