HDFC Bank Greenlights Rs 60,000 Crore Fundraising Through Debt Instruments

n the January-March quarter of 2023-24, HDFC Bank reported a net profit of Rs 16,511 crore, marking a 0.84 per cent increase from the previous quarter’s Rs 16,373 crore. Comparing year-on-year financial results is not feasible due to the merger with the parent entity HDFC Ltd during the preceding financial year.

As per a report from S&P Global Market Intelligence, three Indian lenders have secured positions in the top 50 banks by assets in the Asia-Pacific region in 2023, a rise from two in 2022. These Indian banks include the State Bank of India, HDFC Bank, and ICICI Bank.

The report highlights Indian banks’ exceptional performance compared to their peers in Asia, attributing this success to improved financial metrics and robust credit growth in a thriving economic environment. Following the merger, HDFC Bank’s assets surged by 51.3 per cent to USD 466.35 billion, elevating its position by 13 places to 33 in the top 50 ranking.