IndusInd Bank plans to raise up to Rs 20,000 cr by issuing bonds on pvt placement basis

The bank said it board of directors it will seek consent of members (shareholders) for borrowing/raising of funds in Indian/foreign currency by way of issue of securities, in the nature of bonds/non-convertible debentures, long-term infrastructure bonds, medium term notes or any other listed debt security aggregating up to an amount not exceeding Rs 20,000 crore.