HDFC Bank plans to raise Rs 15,000 cr via infra bonds

The bank's total advances stood at Rs 580,976 cr at June-end, an increase of 23.4% over a year

HDFC Bank plans to raise up to Rs 15,000 crore through infrastructure bonds. The proceeds could be deployed to finance projects in various infrastructure segments like power and affordable housing.
 
CRISIL has assigned “AAA” rating to the bonds. The overall rating continues to reflect the bank’s established market position and healthy capitalisation. It is supported by a strong asset quality, comfortable resource profile, and a robust earnings performance, the rating agency said in a statement.
 
These infrastructure bonds enjoy exemptions from statutory reserve requirements like statutory liquidity ratio (SLR) and priority-sector obligations, and hence are cost-effective for the