HDFC Bank Ltd.

HDFC Bank has raised Rs 565 crore by issuing, on a private placement basis, unsecured, redeemable, non-convertible, subordinated bonds in the nature of debentures towards Lower Tier - II Capital.

Recently, Credit rating agency, CARE assigned AAA rating to proposed lower tier II bonds of HDFC Bank worth Rs 5,000 crore.

The bank posted a rise of 30.07% in its net profit at Rs 1559.98 crore for the quarter ended September 30, 2012 as compared to Rs 1199.35 crore for the same quarter in the previous year. Total income increased by 24.47% at Rs 9869.77 crore for quarter under review as compared to Rs 7929.38 crore for the quarter ended September 30, 2011.