IndusInd Bank has informed that the closure of its first set of structured derivative transactions with its corporate clients in India after the Reserve Bank of India permitted complex derivative products with effect from January 3, 2022. The Bank undertook Swaption and Forex Barrier Options trades with a large corporate client and a large diamond client. The hedges were for Forex and Interest Rate risk management by the clients. In this connection, the Bank will issue a Press Release today. A copy of the same is enclosed and copy shall also be uploaded on the Bank’s website at www.indusind.com.
The above information is a part of company’s filings submitted to BSE.
