NEWS
IndusInd Bank raises another Rs 2,750 crore via CDs
After a Rs 11,000 crore mop up, IndusInd Bank has raised another Rs 2,750 crore by issuing CDs across a range of maturities at a coupon rate of 7.90%.
After a Rs 11,000 crore mop up, IndusInd Bank has raised another Rs 2,750 crore by issuing CDs across a range of maturities at a coupon rate of 7.90%.
After a Rs 11,000 crore mop up, IndusInd Bank has raised another Rs 2,750 crore by issuing certificates of deposit (CDs) across a range of maturities at a coupon rate of 7.90%, data by Clearing Corporation of India Limited (CCIL) showed.
The private lender is boosting its fund position following the disclosure of a Rs 2,100 crore accounting discrepancy in its derivatives book.
The bank’s liquidity coverage ratio (LCR) is at 113% as of 9 March 2025, above the regulatory requirement of 100%. This was at 118% at the end of December 2024.
Earlier, on 17 March, IndusInd Bank raised Rs 11,000 crore by selling CDs.
