Money & Banking

HDFC Bank to raise ₹50,000 crore via debt securities

Our Bureau Mumbai | Updated on June 21, 2020

Private sector lender HDFC Bank plans to raise ₹50,000 crore in the next 12 months by issuing various debt securities.

The decision was taken at the board of directors meeting held on June 20, HDFC Bank, which is the country’s largest private sector lender, said in a regulatory filing.

"The Board of Directors has approved the issue of perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of ₹50,000 crore," it said.

The bank’s AGM will be held on July 18 through video-conferencing or other audio-visual means.

Published on June 21, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor