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IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III

The bonds, in the nature of debentures, are of face value of Rs 10 lakh each

Press Trust of India  |  New Delhi 

IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III standards

Private sector lender has raised Rs 1,000 crore by issuing bonds compliant with standards. The board of directors have passed the resolution for the issuance of compliant bonds towards non-equity additional tier I capital for aggregating to Rs 1,000 crore on private placement, the said in a regulatory filing. The bonds, in the nature of debentures, are of face value of Rs 10 lakh each.

They have been rated stable 'AA' both by and Ratings & Research. is implementing globally accepted Capital Regulations for since April 1, 2013 to become fully compliant with the norms by March 2019. The standards were introduced after the 2008 global economic crisis to make more resilient to sub-prime shocks. It requires to improve on their capital planning to meet contingencies. Stock of closed 0.38 per cent down at Rs 1,379.65 on

First Published: Mon, March 20 2017. 19:40 IST
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