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HDFC Bank plans to raise Rs 5000 crore: Report

HDFC Bank, one of the most prominent private sector lenders, is reportedly planning to raise Rs 5000 crore in a perpetual bond sale for the first time as the lender seeks to support its capital. These bonds may offer a coupon of 8.85%, perhaps the lowest among such bond issuers.

HDFC Bank has posted a rise of 18.25% in its net profit at Rs 3990.09 crore for the quarter ended March 31, 2017 as compared to Rs 3374.22 crore for the same quarter in the previous year. Total income of the Bank increased by 14.30% at Rs 21560.66 crore for quarter under review as compared to Rs 18862.61 crore for the quarter ended March 31, 2016.

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