Non-public lender IndusInd Financial institution of Monday stated its board has authorised a proposal to lift Rs 20,000 crore in debt to fund enterprise progress.

The financial institution’s board authorised the proposal in its assembly held on Monday, IndusInd Financial institution stated in a press release.

The board authorised elevating funds via debt securities in any permitted mode on a non-public placement foundation as could also be determined, for an mixture quantity not exceeding Rs 20,000 crore.

It will also be raised in foreign currency as could also be needed topic to approval of the members of the financial institution and receipt of different governmental or regulatory approvals, it stated.

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