For merger, HDFC Bank to raise ₹2.7 trillion4 min read . Updated: 01 Aug 2022, 06:42 AM IST
- Lender to raise ₹2.2 tn from deposits, bonds and rest from similar papers
- HDFC Bank has asked RBI to relax priority sector lending norms and grandfathering certain assets and liabilities
MUMBAI : HDFC Bank Ltd is likely to raise at least ₹2.2 trillion from public deposits and corporate bonds, and an additional ₹50,000 crore from similar papers to meet capital requirements and other pre-requisites stipulated by the regulator for its merger with India’s largest mortgage lender and parent Housing Development Finance Corp. Ltd, two people directly familiar with the bank’s plan said.
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