IndusInd Bank to raise capital through Rs 1,000 crore AT1 bonds

As on December 31, 2016, IndusInd had an asset base of about Rs 1,67,102 crore

Private sector lender IndusInd Bank plans to raise Rs 1,000 crore through additional tier I bonds to bolster capital adequacy for business growth.

Bank’s absolute net worth increased to Rs 19,883 crore as on December 31, 2016, from Rs 17,696 crore as on March 31, 2016. Tier-I and overall capital adequacy ratios were healthy at 14.74 per cent and 15.31 per cent, respectively, as on December 31, 2016.

Rating agency CRISIL has assigned “AA” Stable' rating for proposed bond offering by private bank. Rating agency also reaffirmed existing ratings on the other debt instruments. The ratings continue to reflect strong