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Board of HDFC Bank approves issue of perpetual debt instrument up to Rs 50000 crore

Capital Market 

At meeting held on 21 April 2017

The Board of Directors of have approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Senior Long Term Infrastructure Bonds up to a total amount of Rs. 50,000 crore in the period of next twelve months through private placement mode, subject to the approval of the shareholders at the ensuing Annual General Meeting of the and any other regulatory approvals as applicable.

Further, subject to the approval of the Reserve of India and the shareholders at the ensuing Annual General Meeting of the Bank, the Board of Directors have approved the re-appointment of Shyamala Gopinath as Part Time Non-Executive Chairperson of the Bank, for the period from 2 January 2018 till 19 June 2019, i.e. on her completing 70 years of age, or till such other date as the RBI may approve.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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