IndusInd Bank approves raising Rs 20,000 crore
IndusInd Bank board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth.
As on March 31, the capital adequacy ratio of the bank stood at 18.42% (tier-I capital being at 16.80% and tier-II capital at 1.62%) as percentage of its risk-weighted assets.
The fund-raising plan is subject to the approval of its shareholders.
- IndusInd Bank Headquarters: Mumbai;
- CEO: Sumant Kathpalia
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