Which bank plans to to raise up to Rs.50,000 crore by issuing bonds?
Options
A. Axis Bank
B. ICICI Bank
C. Kotak Mahindra Bank
D. HDFC Bank
Correct Answer
HDFC Bank
Explanation
Private lender HDFC Bank said it is planning to raise up to Rs.50,000 crore this fiscal by issuing bonds on private placement basis. It will raise funds by issuing 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 Rs.50,000 crore in the period of next 12 months through private placement mode. The bank would consider the proposal on April 20.
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