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IndusInd Bank
BSE: 532187NSE: INDUSINDBKISIN: INE095A01012

17th-Feb-2020 09:13Source: BSE

IndusInd Bank - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

This is in reference with the news article in The Economic Times dated February 15, 2020 titled ''Banks fear surge in bad loans''.

We wish to state that the report on the Bank''s exposure to the telecom company referred to is factually incorrect. The Bank has a loan exposure of Rs. 995 crores, which is standard. The Bank also has a non-fund exposure in the nature of Bank Guarantees of Rs. 2,409 crores. The entire exposure is secured.

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