HDFC Bank Picks BofA, Morgan Stanley for Shadow Bank IPO
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

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(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 ...
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