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

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

Wednesday, April 5, 2017, 8:25 PM

Private player IndusInd Bank plans to raise Rs 1,000 crore by issuing Basel III compliant bonds. 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, IndusInd Bank said in a regulatory filing.
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