HDFC Bank looking to raise up to Rs 50,000 cr via bonds over 12 months

The lender's board will consider the proposal at a board meeting on April 16

Private sector lender HDFC Bank on Monday informed the exchanges that it is looking to raise up to Rs 50,000 crore over the next one year through various instruments such as by issuing perpetual debt for additional tier I capital, tier II capital bonds, and long-term bonds for financing of infrastructure and affordable housing.

“The board of directors would consider this proposal at its ensuing board meeting to be held on April 16, 2022,” 

the bank said in its exchange notification.

As of the December quarter, the bank’s capital adequacy ratio (CAR), as per Basel III guidelines, was at 19.5 per cent as