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IndusInd Bank has raised Rs 1,000 crore through issuing bonds complaint with Basel III standards.
The bank has said in a regulatory filing that the board of directors have passed the resolution for issuance of Basel III complaint bonds towards non-equity additional tier I capital for cash aggregating to Rs 1,000 crore on private placement.
The bonds, in the nature of debentures, are of face value of Rs 10 lakh each.
