HDFC Bank is planning to raise Rs 10,000 crore from the market, especially overseas, in February 2015. Though, the mode of capital raising and the timing and type of issuance, that is domestic or international will be decided by the board of the bank.
Last month, the Cabinet Committee on Economic Affairs (CCEA) cleared a proposal of HDFC Bank to raise Rs 10,000 crore from foreign investors subject to limit of FII ceiling not breaching 74%.
Total foreign investment in HDFC Bank was 73.39% at the end of June 2014. It had come down to 73.2% at the end of September.
