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At meeting held on 17 April 2021The Board of HDFC Bank at its meeting held on 17 April 2021 has granted an enabling approval to the Bank for issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank and any other regulatory approvals as may be applicable. Powered by Capital Market - Live News ....
The private lender reported 18.2% rise in net profit to Rs 8,186.51 crore in Q4 FY21 compared with Rs 6,927.69 crore in Q4 FY20. Total income of the bank rose 5.8% year-on-year (YoY) to Rs 38,017.50 crore during the quarter. Net interest income for the quarter ended 31 March 2021 grew by 12.6% to Rs 17,120.20 crore from Rs 15,204.10 crore for the quarter ended 31 March 2020, driven by advances growth of 14%, and a core net interest margin of 4.2%. The bank s continued focus on deposits helped in maintenance of a liquidity coverage ratio at 138%, well above the regulatory requirement. Other income stood at Rs 7,593.90 crore in Q4 FY21, up by 25.9% from Rs 6,032.60 crore in Q4 FY20. ....
Bank of Baroda rose 3.37% to Rs 86 after the state-run lender said it has closed the qualified institutional placement (QIP) issue, which was conducted to raise up to Rs 4,500 crore. The capital raising committee has approved the closure of the QIP issue on 2 March 2021 pursuant to the receipt of application forms and the funds in the escrow account from eligible qualified institutional buyers. The issue opened on 25 February 2021. Last week, the committee had approved raising upto Rs 4,500 crore through an issue of equity shares through QIP route. The committee approved the issue price of Rs 81.70 per equity share (including a premium of Rs 79.70), which is at a discount of 5% (Rs 4.28 per equity share) to the floor price of Rs 85.98 apiece, Bank of Baroda (BoB) said in a regulatory filing on Tuesday. ....