IndusInd Bank has received approval to raise funds not exceeding Rs 3,000 crore through issuance of Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory additional Tier I capital (A1 Bonds) and Subordinated Unsecured Basel III-compliant bond in the nature of Debentures towards, non-equity regulatory Tire 2 capital (T2 Bonds) with Face value of Rs 10,000 each in one or more tranches. The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.
