Hdfc Bank (HDB) has released an update.
HDFC Bank Limited has announced the Board of Directors’ approval for the annual issuance of various debt instruments, including long-term bonds and perpetual debt, with a potential aggregate value of up to Rs. 60,000 crores. This strategic financial move, intended for infrastructure and affordable housing finance, is contingent on shareholder and regulatory consents. The decision is part of the bank’s plan to bolster its capital over the next twelve months through private placements.
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