IndusInd Bank on Friday, in a regulatory filing, said that it will consider a proposal to raise funds by issuing long-term bonds at its board meeting on 23 July.
The board will consider issuing the bonds on a private placement basis and whether to increase capital through depository receipts and qualified institutional placements.
The bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.
It has shortlisted senior bankers from three other financial organizations, including HDFC Bank, for the position of CEO, Reuters reported in June.
The bank's shares on 18 July touched an intra-day high of Rs 876.10 apiece and an intra-day low of Rs 862.30, before closing 0.71 percent up to Rs 870.95 apiece on the BSE.
As of June 30, 2025, IndusInd Bank's net advances stood at Rs 3,34,477 crore, reflecting a decline of 3.9 percent year-on-year from Rs 3,47,898 crore and 3.1 percent quarter-on-quarter from Rs 3,45,019 crore.
Deposits were recorded at Rs 3,97,233 crore, down 0.3 percent from Rs 3,98,513 crore, recorded during the same period last year and 3.3 percent sequentially. The CASA ratio also moderated to 31.49 percent, compared to 36.67 percent in June 2024 and 32.81 percent in March 2025.
*With Agency Inputs
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