MoneyWorks4Me

IndusInd Bank raises Rs 500 crore through Private Placement basis

02 Apr 2015 Evaluate

IndusInd Bank has allotted 5,000 Rated, Listed, Senior Unsecured Redeemable, Non-Convertible Bonds in the nature of Debentures for face value of Rs 10 lakh each on March 31, 2015 to the identified investor(s) on Private Placement basis, for an amount of Rs 500 crore. The aforesaid Bonds / Debentures will be issued in dematerialized form.

The bank has registered a rise of 28.91% in its net profit after tax at Rs 447.19 crore for third quarter ended December 31, 2014 as compared to Rs 346.9 crore for the same quarter in the previous year. Total income of the bank increased 16.15% at Rs 3047.7 crore for Q3FY15 as compared Rs 2623.76 crore for the corresponding quarter previous year.


Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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