IndusInd Bank has raised Rs 2,800 crore through allotment of 2,800 rated, listed, non-convertible, subordinated and unsecured Basel III compliant bonds in the nature of debentures towards non-equity regulatory tier 2 capital (T2 bonds) on private placement basis. The bonds set to mature in 10 years, bear a coupon rate of 8.11 percent payable annually. The Finance Committee of the board of the bank in its meeting has approved allotment of the same.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.