HDFC Bank may raise capital to build buffer
Mumbai: HDFC Bank, the country’s largest lender by market cap, is considering to beef up the balance sheet and take advantage of the enthusiasm for Indian lenders among foreign institutional investors and private equity funds. About half a dozen investment banks have spoken with the lender about a fundraising plan.
The bank is believed to have shown interest and preliminary discussions have taken place. It is believed that the bank will raise Rs 12,000-15,000 crore but no details have been finalized so far. … “The bank has one of the strongest balance sheets with high capital adequacy levels. Further updates will be cleared soon and finalized details about HDFC Bank will be provided.
— ETMarkets (@ETMarkets) August 29, 2020