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HDFC Bank Ltd said on Monday it plans to raise up to Rs 500 crores ($7.19 billion) by issuing debt over the next 12 months.
The bank proposes to issue perpetual debt instruments, tier II capital bonds and long-term bonds, India's largest lender by market capitalisation said in a statement.
The bank's board will consider the plan when it meets on April 20 to release its quarterly results.
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