HDFC Bank welcomes government approval on its fund-raising proposal

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Mumbai, June 14, 2018: HDFC Bank Ltd welcomes the government’s approval for its proposed capital raising of Rs.24,000 crore. This decision comes against the backdrop of an expected pick-up in credit growth driven by consumption-led demand and a recovery in the investment cycle.

“We are delighted to hear that the government has approved our capital raising proposal. The additional capital will go a long way in supporting our growth plans over the next few years, especially in semi-urban and rural India,” said Mr.Paresh Sukthankar, Deputy Managing Director, HDFC Bank Ltd.

“We do believe this decision bodes well for the overall investment climate and foreign inflows as well,” Mr.Sukthankar added.

Date: 
Thursday, June 14, 2018