HDFC Bank expands global opertaions

Thebullishtrends: In a significant move HDFC Bank is under the principle approval to merge Centurion Bank with itself. Now HDFC Bank is planning to increase its global presence. The bank is looking various places including Canada and Singapore. To augment it's expansion programme the bank is planning to raise Rs.4,000 crores from overseas markets. HDFC Bank has already applied for licences in Baharain and Hongkong. HDFC Bank has already announced the swap ratio for CBoP shares holders at 1:29 it means one HDFC Bank share will be given for 29 shares of CBoP held. HDFC Bank share price closed on Friday at Rs.1286.30.