HDFC Bank Ltd.

HDFC Bank is seeking its shareholders’ approval to raise up to Rs 10,000 crore. The bank may raise capital according to its requirement. Moreover, the bank’s capital adequacy ratio in FY14 was at 18.4 per cent as compared to the RBI’s requirement of 9 per cent.

The bank, which is India’s second largest private sector bank, is planning a capital expenditure of Rs 600 crore as it intends to open 300-400 branches and ATMs in FY15.

Further, the bank is awaiting the Finance Ministry’s approval to raise its foreign shareholding limit which had reached the 74 per cent limit. However, due to certain ambiguities, the final decision on the bank’s proposal to raise the limit has been put on hold by the Foreign Investment Promotion Board.