Indusind Bank plans to raise 4-5 billion rupees via tier-2 capital

MUMBAI: Indusind Bank is looking to raise 4-5 billion rupees via tier-2 capital by end-September or beginning of October to meet its capital adequacy needs, Romesh Sobti, managing director and chief executive officer told reporters on Friday.

The bank reported a net profit of 1.8 billion rupees for April-June earlier in the day.

Source: EconomicTimes