HDFC Bank Ltd.

HDFC Bank has received an approval to raise up to Rs 50,000 crore in the next one year by issuing bonds aimed at financing infrastructure and affordable housing loan requirements of the customers. The Board of Directors of the Bank at its meeting held on April 16, 2022, has inter alia approved the same.

The board has approved the issuance of perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore. The funds will be raised in the period of next 12 months through private placement mode, subject to approval of shareholders among others.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.