Which bank on 18th July 2022 said its board has approved a proposal to raise up to Rs 20 000 crore ...........

Current GK ( Master) Banking Awareness

Which bank on 18th July 2022 said its board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth?

RBL Bank

IDBI Bank

IndusInd Bank

IDFC FIRST Bank

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Explanation:

IndusInd Bank on Monday(18th July 2022) said its board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth. The capital adequacy ratio of the bank stood at 18.42% as on March 31, with tier-I capital being at 16.80% and tier-II capital at 1.62% as percentage of its risk-weighted assets.