2017-06-09 :IndusInd Bank raises 225 million dollar loan for MSME lending
Indusind Bank has entered into an agreement with overseas private investment corporation (OPIC) to raise 225 million dollar loan. With this agreement, OPIC will extend its support to the bank in increasing its micro, small and medium enterprise (MSME) lending portfolio.
2017-05-13 :IndusInd Bank launches IndusForex.com
IndusInd Bank has announced the launch of IndusForex.com which is a one-stop portal for all foreign exchange needs of the Indian consumers. With the help of this portal, the Individuals may buy and sell multi-currency foreign exchange cards. They can also use it for sending money to abroad for different purposes including the education and medical requirements.
2017-04-25 :IndusInd Bank opens 94th branch in Rajasthan
Private sector lender, Indusind Bank has inaugurated its 94th branch in Rajasthan at Bhinder, Udaipur District, which is famous for its silver and cloth market. The branch will cater to the needs of the SME customers in the district of Rajasthan state.
2017-04-21 :IndusInd Bank to double its business by 2020
Indusind bank has announced its target to double its business size by the year 2020 as measured in terms of its clients, loans and profits. The bank has recorded a net profit at Rs. 2,868 crore in FY17. The bank stated that it plans to rebalance its loan book by expanding the non- vehicle retail portfolio which includes loan against property, credit cards, personal, rural, gold and business loans segment from 18 per cent to 30 per cent of the total book by the year 2020.
2017-04-20 :IndusInd Bank to raise Rs. 1,000 cr via bonds
Private sector lender, IndusInd Bank has received an approval to raise capital of Rs. 1,000 crore by issuing Basel III compliant bonds. The board has passed the resolution for raising funds through issuance of rated, listed, non-convertible, perpetual, subordinated and unsecured Basel III-compliant bonds in the nature of debentures towards non-equity regulatory additional tier 1 capital. The debentures will carry a face value of Rs. 10 lakh each aggregating to Rs. 1,000 crore and will be raised on a private placement basis. The bonds have been rated stable ‘AA’ both by Crisil and India Ratings & Research.
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