The leader in private sector lenders, HDFC Bank, has received an administrative warning from capital market regulator Securities and Exchange Board of India (Sebi), the bank informed through a company filing on Monday.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
Last week, four of the top 10 most-valued firms together added Rs 81,151.31 crore in market valuation. ICICI Bank and HDFC Bank emerged as the biggest gainers.
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
HDFC Bank said it will re-double on its business verticals - corporate banking, retail banking, private banking, government and institutional banking, and retail assets and payments.
Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020.
The consolidated net profit for the year ended March 2021 was Rs 31,833 crore, up 16.8 per cent over the previous fiscal year.
The scheme comes with a 2 per cent interest subvention and is a five-year tenor of which the first year gets a payment moratorium.
The bank has been penalised for two major outages, one in November 2018 and the other in December 2019.
