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HDFC Bank gets FIPB’s approval for expanding its equity base: Report

23 Dec 2014 Evaluate

HDFC Bank has reportedly received Foreign Investment Promotion Board’s (FIPB) approval to expand its equity base by up to Rs 10,000 crore. HDFC Bank sought fresh FIPB clearance for expanding equity. It already has shareholders' nod to raise up to Rs 10,000 crore by July.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.9 million customers.

Peers
Company Name CMP
HDFC Bank 721.40
ICICI Bank 1354.80
Axis Bank 1235.75
Kotak Mahindra Bank 414.00
Indusind Bank 962.65
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