CURRENT AFFAIRS

Detailed explanation-1: -HDFC Bank Plans To Raise Up To Rs 50,000 Crore By Issuing Bonds.

Detailed explanation-2: -HDFC Bank on Saturday said it will raise up to Rs 50,000 crore in the next one year by issuing bonds aimed at financing infrastructure and affordable housing loan requirements of the customers. The decision was taken at the meeting of the board of directors.

Detailed explanation-3: -These bonds cannot be transferred from one person to another person. The 7.75% Savings Bond will be transferred to the Demat Account of the investor. The investor will have to approach a bank to invest in the Savings Bond and provide details such as PAN card, Demat Account details etc.

Detailed explanation-4: -HDFC to raise up to Rs 12,000 cr through bonds on private placement basis | Business Standard News.