Overview

• The board green-lit a ₹30,000 crore fundraise comprising ₹20,000 crore of privately placed debt securities and ₹10,000 crore of equity instruments, pending shareholder and regulatory consent.
• Regulators cleared amendments to the bank’s Articles of Association to install two non-executive, promoter-nominated directors on the board.
• Former independent director Jayant Deshmukh left the board on July 23 after completing his tenure.
• Promoter Hinduja Group holds in-principle RBI approval to boost its stake in IndusInd Bank to 26% through fresh equity investment.
• The bank is finalizing its MD & CEO shortlist with Anup Saha, Rajiv Anand and Rahul Shukla among the leading candidates.