HDFC Bank plans to raise ₹50, 000 crore through bond sale to back its big bang merger - Economic Times
4/6/2022 12:00:00 AM3 yearsago
by Saloni Shukla and Saikat Das
by Saloni Shukla and Saikat Das
The estimated requirement was more than ₹80,000 crore and the bank, India's most valued, already has some excess bonds in its portfolio, dealers said.
In one of the biggest bond sales to date by an Indian lender, HDFC Bank will decide later this month on garnering about 50,000 crore to help meet higher reserve requirements ahead of its proposed mer… [+3773 chars]
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