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HDFC Bank to Raise Rs.60,000 Crore via Debt Instruments


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HDFC Bank, one of the leading banks in India, has recently announced its plan to raise Rs 60,000 crore through various debt instruments. This decision was approved during the Board of Directors meeting held on Saturday. The board granted key approvals for the annual renewal of the issuance.

Debt instruments are financial products that companies, governments, and individuals use to raise capital. These instruments serve as a means of borrowing money, and they come with an agreement to repay the borrowed amount within a specified time period

The bank’s board approved the “annual renewal of issuance of Long-Term Bonds (Financing of Infrastructure and Affordable Housing), Perpetual Debt Instruments (part of Additional Tier I capital), and Tier II Capital Bonds up to a total amount of Rs. 60,000 crore over the next twelve months through private placement mode.” However, it is important to note that this fundraising plan is subject to the approval of the bank’s shareholders and any other regulatory approvals that may be required.

HDFC Bank’s Financial Performance

In the January-March quarter of 2023-24, HDFC Bank reported a net profit of Rs 16,511 crore, which represents a 0.84 percent increase compared to the previous quarter’s net profit of Rs 16,373 crore. It is worth mentioning that the bank’s year-on-year financial results cannot be directly compared due to the merger with the parent entity HDFC Ltd that took place during the just-concluded financial year. Check HDFC Bank Q4 Results.

As of April 2024 HDFC Bank has a market cap of $149.53 Billion

Indian Banks Among Top 50 Banks in the Asia-Pacific Region

According to a report by S&P Global Market Intelligence, three Indian lenders, namely the State Bank of India, HDFC Bank, and ICICI Bank, made it to the list of the top 50 banks by assets in the Asia-Pacific region in 2023. This is an increase from the previous year, where only two Indian banks were included in the list. The strong performance of Indian banks can be attributed to improvements in financial metrics and high credit growth in a robust economic environment.

After the merger with HDFC Ltd, HDFC Bank’s assets experienced a significant increase of 51.3 percent, reaching USD 466.35 billion. This propelled the bank’s position from 46 to 33 in the top 50 ranking of banks in the Asia-Pacific region.

These developments highlight the positive trajectory of HDFC Bank and its growing prominence in the Indian banking sector and the broader Asia-Pacific region.

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