IndusInd Bank has received an approval for issuance of Long-Term Infrastructure Bonds, and Subordinated Non-Convertible Debentures (NCDs) / Bonds eligible to be included as Additional Tier 1 (AT 1) and Tier 2 (T2) Capital of the bank up to Rs 2,000 crore on Private Placement basis, as permissible under RBI guidelines.
The board of directors at their meeting held on January 13, 2015 have approved for the same. Approval of shareholders of the bank in terms of the provisions of Companies Act, 2013 is proposed to be obtained by way of Postal Ballot.
The board has authorized Managing Director & CEO for finalization of terms and conditions for issuance of Long Term Bonds / NCDs, to finalize the calendar of events with regards to Postal Ballot, to appoint various intermediaries, and to sign, execute and enter into Agreements with the intermediaries, etc.
Company Name | CMP |
---|---|
HDFC Bank | 1509.75 |
ICICI Bank | 1107.15 |
Axis Bank | 1130.05 |
Indusind Bank | 1445.85 |
Kotak Mahindra Bank | 1608.40 |
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