HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth. HDFC Bank , acting through GIFT City Branch, has completed the issue of USD 1.75 billion in senior unsecured bonds, the bank said in a regulatory filing. The private sector lender has raised USD 500 million with notes carrying a coupon rate of 5.159 per cent and maturing in three years, while the remaining USD 1.25 billion five-year paper carries a coupon rate of 5.4 per cent, it said. These papers will be listed on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX) , it added.
Stocks to watch today: Tata Motors, Tata Power, Mankind Pharma, SBI, RailTel, KIMS, DEE Development Engineers, L&T Finance, KIMS, sugar stock, among others, will be in focus today.
India's largest private sector lender seeks to tap three- and five-year bonds in its second dollar issuance in two months, as banks capitalise on RBI's concessional swap window
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
Stocks to watch: HDFC Bank, Hyundai Motor India, BSE, IDFC First Bank, SpiceJet, Kolte-Patil Developers, Escorts Kubota, HDFC Life, Oil India, among others, will be in focus today.
Analysts said, brent crude and palm oil respectively remained elevated by 47% and 13% on year-to-date (YTD) basis, which might keep margins under pressure for FMCG sector.
HDFC Bank has lowered MCLR by 5 bps across most tenures, but the benefit may not reach all borrowers or reduce EMIs immediately
The loan tenors range between 6-1/2 years to 7 years with the proceeds to be used to refinance an existing debt that Vedanta Aluminium inherited from the previously integrated company structure
Chairman Rajiv Kumar says HDFC Bank remains fundamentally strong with robust governance systems, while expressing confidence that CASA and margins will improve over the next two to three years
HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates as lenders compete for foreign currency inflows ahead of the RBI's September-end swap window deadline
Former Standard Chartered Bank India executive brings leadership experience across wealth management, private banking, investment strategy, sales, distribution and branch banking
The private sector lender raised its dollar deposit rate by 25 basis points as banks compete for non-resident funds before the RBI's concessional swap window closes
RBI eases bulk deposit pricing The RBI has allowed banks to offer different interest rates on bulk deposits based on their liquidity profile under the Liquidity Coverage Ratio framework.
With the legal review and the MSRDC deposit issue now closed, HDFC Bank's board is expected to take up Managing Director and CEO Sashidhar Jagdishan's reappointment
HDFC Bank called the MSRDC matter 'business overreach'. Here's what the term means, why it is not a legal concept, and how it differs from fraud
CFO, group retail assets head also fined ₹1 lakh, warned over MSRDC deposits
Three US law firms have launched preliminary investigations into HDFC Bank after reports of alleged payment irregularities. But does this mean the bank has been sued?
Overall spending rose 9.8 per cent year-on-year as HDFC Bank and SBI Card led growth, while outstanding credit cards crossed 121.6 million
In the two sessions, post announcement of its Q1 results on Saturday (July 18), HDFC Bank shares have lost nearly 7 per cent. The sharp decline has erased around ₹80,000 crore from its market cap.
Om Mehra, technical analyst of SAMCO Securities believes that ICICI Bank sharp price can rally to a new high; while the key support for HDFC Bank stock now stands at ₹772 on the charts.