On Monday, IndusInd Bank of India said its board had approved a private placement of bonds to raise Rs 20,000 crore.

The private-sector bank said in an exchange filing that the funds could be raised in foreign currencies, subject to the necessary regulatory approvals.

The board also approved the reappointment of Akila Krishnakumar as a non-executive independent director for a four-year term effective August 10, 2022.

Currently, Krishnakumar chairs Industrial Bank’s Remuneration and Nomination and Compensation Committee, Customer Service Committee, Vigilance Committee and Corporate Social Responsibility Committee.

It has also appointed MSKA & Associates as one of the lender’s joint statutory auditors for three years, following approval from the RBI.