HDFC Bank to Raise Rs 50,000 Crore in Next 12 Months
Private segment bank, HDFC Bank said it will raise Rs 50,000 crore inside a year by issuing obligation instruments.
The Bank proposes to raise supports by issuing interminable obligation instruments (some portion of extra level I capital), level II capital bonds and senior long haul framework bonds up to an aggregate sum of Rs 50,000 crore, the bank said in an administrative documenting.
Interminable bonds convey no development date, so they might be dealt with as value, not as obligation.
The bank did not say what reason it will use the assets to be raised.
It said the cash will be brought up in the time of next 12 months through private position mode.
The Board of Directors of the bank would consider the proposition at its executive meeting to be hung on April 21.
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