“The bank proposes to raise funds by issuing 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 total amount of ₹50,000 crores over the period of next 12 months through private placement mode,” the lender said in an exchange filing.
Public sector lender State Bank of India had said on Monday that it plans to raise $2 billion through offshore bonds and that its board would consider this proposal on April 18.
Recently, HDFC Bank announced its pro forma numbers indicating that its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. Provisional data also showed that total deposits expanded by more than a fifth. As per the bank’s internal business classification, domestic retail loans climbed around 21%, commercial and rural banking loans by around 30% and corporate and other wholesale loans by around 12.5% in the March quarter versus the same period last year.
