Private sector lender HDFC Bank today said it has raised Rs 3,650 crore from bonds to fund business growth.
The bank has issued on a private placement basis unsecured, redeemable, subordinated bonds in the nature of debentures towards Tier-II capital, HDFC Bank said in a filing to the Bombay Stock Exchange.
Thus, the bank has raised Rs 3,650 crore from lower Tier-II bonds, it said.
For the financial year 2010-11, the bank posted a net profit of Rs 3,926.30 crore, representing an increase of 33.1% from Rs 2,948.6 crore in the previous year.
The bank earned an income of Rs 24,263.4 crore in FY11 as compared to Rs 20,155.83 crore in the previous fiscal.
The bank's total balance sheet size increased by 24.7% from Rs 2,22,459 crore as of March 31, 2010 to Rs 2,77,353 crore as of March 31, 2011. Recording a growth of 27.1%, total gross advances was at Rs 1,59,983 crore, while total deposits grew by 24.1% at Rs 2,08,586 crore.
