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HDFC Bank gets nod to raise Rs 50,000 crore via Bonds

HDFC Bank has received approval for the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode.

The Board of Directors of the Company at its meeting held on April 20, 2019 has approved the same.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.