Indusind Bank , one of India's leading private sector banks, has announced a significant fundraising initiative and key leadership changes, signaling a period of strategic growth and transition for the financial institution.

Massive Fundraising Plan

The bank's board has given the green light to an ambitious fundraising plan totaling Rs 30,000.00 crore. This comprehensive strategy includes:

• Rs 20,000.00 crore to be raised through debt securities via private placement
• Rs 10,000.00 crore to be raised through equity instruments, including depository receipts or qualified institutional placements

This substantial capital infusion is aimed at strengthening the bank's financial position and supporting its growth initiatives.

Board Composition and Leadership Changes

In a notable development, Mr. Jayant Deshmukh has stepped down from his role as a non-executive independent director, following the completion of his tenure on July 23. This change in the board's composition comes at a crucial time for the bank.

CEO Search Continues

IndusInd Bank is currently in the process of selecting a new Chief Executive Officer (CEO). The Reserve Bank of India has set a deadline of June 30 for CEO recommendations. Several high-profile candidates are reportedly under consideration:

• Anup Kumar Saha, who recently resigned from Bajaj Finance
• Rajiv Anand from Axis Bank
• Rahul Shukla, formerly associated with HDFC Bank

The incoming CEO will face the challenge of restoring trust, enhancing governance, and stabilizing operations in the wake of past financial misreporting and management issues.

Market Response

Investors responded positively to these developments, with IndusInd Bank's shares closing 0.95% higher at Rs 851.15 on the day of the announcement.

Upcoming Financial Results

According to the LODR data, IndusInd Bank has scheduled an analyst call/webcast for July 28, 2025, at 6:00 PM (IST) to discuss its financial results for the quarter ended June 30, 2025. This event will provide further insights into the bank's performance and future strategies.

Annual General Meeting

The bank has also announced its 31st Annual General Meeting (AGM), to be held on August 29, 2025, at 2:00 PM at Hotel Sheraton Grand in Pune. Shareholders will have the opportunity to review the bank's performance and vote on key resolutions.

As IndusInd Bank navigates through these significant changes and capital raising initiatives, stakeholders will be keenly watching how these moves translate into improved financial performance and enhanced shareholder value in the coming quarters.

IndusInd Bank , a leading private sector bank in India, has announced significant corporate decisions, including a major fundraising plan and its latest quarterly results.

Capital Raising Initiatives

The Board of Directors of IndusInd Bank has approved ambitious fundraising plans totaling ₹30,000.00 crore:

• Debt Securities: The bank aims to raise up to ₹20,000.00 crore through debt securities on a private placement basis.
• Equity Capital: An additional ₹10,000.00 crore is planned to be raised through various equity instruments, including American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and Qualified Institutional Placement (QIP).

These capital raising initiatives are subject to shareholder approval and necessary regulatory clearances.

Quarterly Financial Results

In its latest quarterly results, IndusInd Bank reported:

• Corporate banking advances fell by 14.40% annually.
• Consumer businesses grew by 4.80%.

Changes to Board Composition

The bank's board has approved amendments to allow promoters to nominate up to two directors, subject to certain limitations on Non-Executive Non-Independent Directors.

Stock Performance

IndusInd Bank's shares closed at ₹851.75, up 1.06%.

These corporate actions and financial results reflect IndusInd Bank's strategic approach to capital management and its performance in the current economic environment.