Private sector lender IndusInd Bank on Monday approved the extension of 20,000 crore through issuance of debt securities in any permitted mode on private placement basis.
The Board has also finalized August 12, 2022 as the ‘record date’ for the purpose of Annual General Meeting (AGM) of the Bank and for eligibility of dividend for the financial year ended March 31, 2022.
“Raising funds through debt securities in any permitted mode on private placement basis, as may be decided, for a total runout not exceeding Rs. 20,000 crore (Rupees twenty thousand crore only) or its equivalent runout in such foreign currencies, subject to the approval of the members of the bank and receipt of other government/ regulatory/ statutory approvals, as applicable,” the bank said in a regulatory filing.
The bank has re-appointed Akila Krishnakumar as a ‘Non-Executive Independent Director’ on the board of the bank.
The board of the bank met today at 3 pm and their meeting ended at 6:35 pm.
Bank reports 55.4% growth in standalone net profit 1,361.37 crore on an increase of 6.1% in total income 9,761.89 crore in Q4 FY21 in Q4 FY22.
Shares closed up 4.29% 850 on NSE on Monday.
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