Monday’s private lender said its board has approved a proposal to raise Rs 20,000 Ten million In loans to fund business growth. IndusInd Bank said in a statement that the bank’s board in its meeting held on Monday approved the proposal.

Board approved to increase Fund Based on private placement by way of debt securities in any of the permitted modes, as may be decided, the aggregate amount does not exceed Rs.20,000 crore.

with the approval of the members of the Bank and other Government or regulator Approval, it said.