On December 23, Housing Development Finance Corporation (HDFC) raised funds worth $400 million through a loan from the International Finance Corporation for financing the affordable green housing segment.

• RBI Defends Currency Moves to Protect Economy
• Trump 2.0: Drilling, Climate Rollbacks, and Global Energy Concerns
• Nvidia’s AI Chip Demand Soars, But Slowing Sales Growth Worries Investors
• Karnataka CM Siddaramaiah Meets UK Envoy, Highlights Progressive Industry Policy
• What is Fair Market Value (FMV): Formula, Taxation & Example

The private sector bank will use 75% of the loan proceeds to finance affordable green projects and set a lending framework for such loans with strict standards for green buildings. 

The individual loan book of the bank, which constitutes 81% of the total AUM, grew 20% yearly. Total AUM stood at Rs 6.9 trillion at the end of the September quarter of FY23.

On November 22, HDFC raised Rs 5,500 crore through non-convertible debentures at a coupon rate of 7.7% yearly. The bank’s capital adequacy stood at 22.5% at the end of the September quarter FY23, with tier-I capital at 21.9%.