HDFC Bank approves Rs 60,000 crore fund raise via bonds private placement
Sat, Apr 20, 2024 6:23 PM

HDFC Bank approves Rs 60,000 crore fund raise via bonds private placement

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HDFC Bank’s board of directors, on April 20, approved the annual renewal of long-term bonds and perpetual debt instruments up to Rs 60,000 crore in the next 12 months. The private lender’s board met on April 20 to declare the results for the quarter ended in March 2024. HDFC Bank’s net profit gained 0.84 percent from the previous quarter to Rs 16,511 crore.

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