Housing Development Finance Cooperation Bank of Sri Lanka (the bank of ‘HDFC) said that it has been able to meet the regulatory minimum core capital requirement of Rs.5.0 billion stimulated by the central bank, through internally generated reserves and Rs.250 million cash infusion by the General treasury of the government of Sri Lanka via non-convertible perpetual debt which qualify as Additional Tier 1 (AT1) bond.

HDFC said in a stock exchange filing that the Monetary Board of the Central Bank of Sri Lanka has granted the final approval for the inclusion of aforesaid Rs.250 million raised via the issuance of AT1 bond in the additional Tier 1 capital of the Bank.