IndusInd Bank is planning to raise up to Rs 30,000 crore or its equivalent amount in such foreign currencies as may be necessary, subject to approval of the shareholders and receipt of regulatory approvals. The funds will be raised on a private placement basis. The proposal will be taken up at Annual General Meeting slated for August 26, 2021.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.