The HDB Financial IPO will help HDFC Bank led by MD Aditya Puri raise funds to expand lending amid an NBFC liquidity crunch triggered by the IL&FS crisis. (Photographer: Dhiraj Singh/Bloomberg)
HDFC Bank Picks BofA, Morgan Stanley for Shadow Bank IPO
(Bloomberg) -- HDFC Bank Ltd., India’s biggest lender by market value, has picked Bank of America Corp. and Morgan Stanley to manage an initial public offering of its non-bank finance unit, people ...