HDFC Bank Ltd.

HDFC Bank, one of the most prominent private sector lenders, has raised debt worth Rs 8000 crore, through private placement by issuing additional Tier-I (AT1) bonds through online bidding of securities on the National Stock Exchange. The perpetual bonds, which have no maturity date, carry a coupon of 8.85%.

HDFC Bank has posted a rise of 18.25% in its net profit at Rs 3990.09 crore for the quarter ended March 31, 2017 as compared to Rs 3374.22 crore for the same quarter in the previous year. Total income of the Bank increased by 14.30% at Rs 21560.66 crore for quarter under review as compared to Rs 18862.61 crore for the quarter ended March 31, 2016.