RBI Approves LIC to Acquire Up to 9.99% Stake in HDFC Bank

HDFC Bank, India's largest private bank, has raised over $2.5 billion via overseas bonds, with the latest $1.75 billion issue drawing strong investor interest. The bonds were priced at 88-100 basis points over US Treasuries. The bank's shares have fallen 26% in the past year, and it faces high credit-deposit ratio pressures. Funds raised will be used for overseas lending needs, according to the bank's treasury head.

HDFC Bank completed a $1.75 billion senior unsecured bond issue, making it the top issuer under the RBI window. The bank's stock is currently trading at 732.05 INR, with a 5-day change of +0.97% and a year-to-date change of -26.12%.

HDFC Bank, India's largest private lender, raised $1.75 billion via dollar bonds, its biggest overseas fundraise since 2008. Shares rose 0.44% to ₹729.70, with a market cap of ₹11.21 lakh crore. The bank issued two tranches: a $500M 3-year bond at 5.159% and a $1.25B 5-year bond at 5.401%. Moody's rated the bonds Baa3, S&P BBB. The bank's stock has fallen 26% in 2026.

HDFC Bank has completed a $1.75 billion senior unsecured bond issue, making it the top issuer under the RBI window. The bank's stock is currently trading at 732.25 INR, with a 5-day change of +0.99%.

HDFC Bank (HDFCBANK.NS) shares rose after raising $1.75B via dollar bonds, its largest overseas fundraise since 2008. The issuance includes $500M 3-year bonds at 5.159% and $1.25B 5-year bonds at 5.401%. Moody's rated the bonds Baa3, S&P rated them BBB. The bank aims to leverage favorable borrowing conditions and RBI's swap facility.

The Reserve Bank of India (RBI) approved LIC's request to increase its stake in HDFC Bank to 9.99%. LIC currently holds 4.11% of HDFC Bank's shares. The approval allows LIC to potentially raise its stake in the future, subject to regulatory compliance. HDFC Bank is a leading private sector bank in India.