“HDFC Bank is seeking to tap the market as early as the coming month, in anticipation of an increase in credit demand”
1:- HDFC Bank is seeking to raise as much as $1 billion via an offshore loan, Bloomberg reported on December 19 citing people with knowledge of the matter.
The loan tenor could range from 1-5 years, the report said citing unidentified sources.
2:- HDFC Bank is seeking to tap the market as early as the coming month, in anticipation of an increase in credit demand.
3:- The Reserve Bank of India (RBI) in July hiked the external commercial borrowing limit to $1.5 billion and raised the all-in-cost ceiling by 100 basis points in select cases up to December 31, 2022.
4:- The minimum average maturity requirement for ECBs in the infrastructure space raised by eligible borrowers has been reduced to three years from the earlier five years
5:- Additionally, the average maturity requirement for mandatory hedging has been reduced to five years from the earlier 10 years, the central bank announced.