IndusInd Bank has received board approval to raise up to ₹30,000 crore through a mix of debt and equity channels. Of the total, ₹20,000 crore is set to be raised via debt instruments in private placements or through permissible foreign currency avenues.
An additional ₹10,000 crore will be raised through equity-linked methods, such as Qualified Institutional Placement (QIP), Global Depository Receipts (GDR), and American Depository Receipts (ADR), all of which are contingent on regulatory and shareholder consents.
Alongside the capital raise, the bank’s board has endorsed amendments allowing the promoter group to nominate up to 2 directors to the board. This is a first for the lender, which currently has no promoter representation on its board.
The appointments will be subject to the Reserve Bank of India’s nod and shareholder approval. The board currently consists solely of non-executive directors, following the April resignations of the MD & CEO and deputy CEO after accounting discrepancies came to light.
The move builds on the promoter group’s earlier stance. In March, following a disclosure of over ₹2,000 crore in losses linked to derivative portfolio irregularities, Ashok Hinduja had declared the group’s readiness to infuse capital if required.
However, he also clarified that there was no immediate capital need given the bank’s strong capital adequacy position, nor had the bank requested additional infusion at the time.
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As of July 24, 2025, at 11:58 AM, IndusInd Bank share price is trading at ₹852.70 per share, reflecting a gain of 0.18%. Over the past month, the stock has gained by 2.49%.
IndusInd Bank’s latest decisions reflect a strategic realignment following recent leadership exits and financial scrutiny. With fresh capital mobilisation and promoter representation now on the table, the bank is signalling intent to reinforce both its financial footing and governance structure.
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Published on: Jul 24, 2025, 1:37 PM IST
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