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	<img align="" alt="IndusInd Bank" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2017-01/11/full/1484074027-6905.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="IndusInd Bank" width="620" />
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		IndusInd Bank plans to raise Rs 1,000 crore by issuing Basel III compliant bonds.&nbsp;</div>
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		The bank proposes to raise funds by issue and allotment of rated, listed, non-convertible, perpetual, subordinated and unsecured Basel III compliant bonds in nature of debentures towards non-equity regulatory additional tier I capital, it said in a regulatory filing. The bonds with face value of Rs 10 lakh each for cash will aggregate Rs 1,000 crore on a private placement basis, it added.&nbsp;</div>
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		The fundraising plan is pending shareholder approval and a nod from the board of directors.</div>
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		To comply with Basel-III capital regulations, banks need to improve and strengthen their capital planning processes.</div>
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		These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.</div>
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		Banks in India are implementing the Basel III standards in phases since April 2013. They are expected to fully implement these norms by March 2019.</div>
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		The stock closed 0.22 per cent down at Rs 1,400.20 on BSE on Wednesday.</div>
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Fundraising plan is pending shareholder approval and a nod from the board of directors

IndusInd Bank to raise Rs 1,000 crore via Basel III bonds

Fundraising plan is pending shareholder approval and a nod from the board of directors

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