Board of HDFC Bank approves raising up to Rs 50K cr in next 12 months

At meeting held on 17 April 2021

The Board of HDFC Bank at its meeting held on 17 April 2021 has granted an enabling approval to the Bank for issuance of 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 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 Bank and any other regulatory approvals as may be applicable.

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