HDFC Bank to Renew Issuance of Long-Term Bonds and Debt Instruments

HDFC Bank has announced plans to raise up to Rs 60,000 crore through the issuance of long-term bonds and debt instruments over the next 12 months. This includes financing for infrastructure and affordable housing, perpetual debt instruments, and Tier II capital bonds. The decision aims to enhance the bank's capital base and support its growth initiatives. The fund-raising is subject to shareholder and regulatory approvals. This move follows the bank's recent financial performance, which included a notable increase in net profit and deposit mobilization.

 

Source: Moneycontrol, Business Standard, Times of India