19 Jul 2022 , 09:59 AM
IndusInd Bank, a private lender, announced on Monday that its board has authorized a plan to raise Rs 20,000 crore in debt to support corporate expansion. In its meeting on Monday, the bank’s board of directors approved the plan, according to a statement from IndusInd Bank.
The board authorized the issuance of debt securities in any permitted manner through a private placement on the condition that the total amount raised does not exceed Rs20,000 crore.
According to the statement, it may also be raised in foreign currencies if needed, provided that the bank’s members approve and it receives any further governmental or regulatory permissions.
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