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.