HDFC Bank: Additional capital will go long way in supporting growth plans
In a video message, Sukthankar said, "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." Welcoming the nod, he said the decision bodes will for the overall investment climate as well as foreign inflows into the country.
The Rs 24,000-crore capital infusion plan includes raising Rs 8,500 crore from parent HDFC such that the mortgage major's holding in the bank is retained at 25.60 per cent. Image source: Reuters