HDFC Bank Ltd.

The Cabinet Committee on Economic Affairs (CCEA) has approved HDFC Bank’s capital-raising plan that would result in an inflow of foreign investment worth Rs 10,000 crore. HDFC Bank’s rights offer has been cleared on the condition that the total foreign holding in the bank will not exceed the 74% sectoral cap after issuing equity shares to non-resident Indians, foreign institutional and foreign portfolio investors.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.9 million customers. The bank offers all services under one roof right from savings account, current account, demat account, auto loans and agriculture loans.