IndusInd Bank announced that it has necessary approval from the Shareholders to borrow/raise funds in Indian / foreign currency up to Rs 75,000 crore.
On 28 March 2019, the Bank has set up an MTN Programme for an amount of U.S $ 1 billon in one or more tranches and/or series, subject to the such other terms and condition as may be approved and as per applicable law, within the limits permitted by regulatory authorities from time to time, depending on the market conditions.
The MTN Programme is being set up and the Notes will be listed in Singapore Stock Exchange and India International Exchange (INX).