HDFC Bank Ltd.

HDFC Bank, second largest private sector lender has raised funds through issue and allotment on a private placement basis unsecured, redeemable, non-convertible, subordinated bonds in the nature of debentures towards Tier - II Capital for an amount aggregating Rs 1,405 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.