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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.
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