 "IndusInd Bank's board gives nod to mobilise Rs 20,000 cr via debt")
Private lender IndusInd Bank of Monday said its board has approved a proposal to raise Rs 20,000 crore in debt to fund business growth.
The bank's board approved the proposal in its meeting held on Monday, IndusInd Bank said in a statement.
The board approved raising funds through debt securities in any permitted mode on a private placement basis as may be decided, for an aggregate amount not exceeding Rs 20,000 crore.
It can also be raised in foreign currencies as may be necessary subject to approval of the members of the bank and receipt of other governmental or regulatory approvals, it said.
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