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IndusInd Bank gets nod to raise funds worth Rs 1,489.90 crore via bonds

29 Mar 2019 Evaluate

IndusInd Bank has received an approval for the allotment of 14,899 Rated, Listed, Non-Convertible, Perpetual, Subordinated & Unsecured Basel III-compliant Additional Tier I Capital Bonds (ATI Bonds) in the nature of Debentures, for Face Value of Rs 10 lakh each for cash aggregating to Rs 1,489.90 crore.

The Finance Committee of the Board of the Bank in its meeting held on March 28, 2019, approved the same.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 721.40
ICICI Bank 1354.20
Axis Bank 1235.20
Kotak Mahindra Bank 413.05
Indusind Bank 963.80
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