Moody’s assigns Ba3 (hyb) to HDFC Bank’s proposed AT1 capital securities

Moody’s Investors Service on Monday assigned a Ba3 (hyb) rating to HDFC Bank Ltd’s proposed USD-denominated, undated, non-cumulative and subordinated additional tier 1 (AT1) capital securities. The Ba3 (hyb) rating is three notches below HDFC Bank’s baa3 baseline credit assessment (BCA) and adjusted BCA, reflecting the probability of impairment associated with non-cumulative coupon suspension as well as […]

HDFC Bank acquires 7.4 percent stake in Virtuoso Infotech

Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise. India’s largest private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4 percent stake in Virtuoso Infotech. Virtuoso Infotech specializes […]