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IndusInd Bank’s Strategic Reset Begins with Director Exit and Capital Infusion Plan


Updated: July 23, 2025 19:24

Image Source : The Economic Times
IndusInd Bank Ltd has initiated key structural changes, including a leadership transition and a major capital raise, aimed at strengthening governance and funding future growth.
 
Leadership update:
 
- Jayant Deshmukh has officially ceased to serve as Non-Executive Independent Director on the bank’s board
 
- Deshmukh, a veteran in agriculture and rural finance, had joined the board in July 2021 and chaired the CSR Committee
 
- His exit comes amid broader board-level changes following governance reviews
 
Capital augmentation plan:
 
- The bank will raise up to Rs 100 billion through equity issuance or placement of securities
 
- This is part of a larger Rs 300 billion fundraising strategy, which includes Rs 200 billion via debt on a private placement basis
 
- The capital will support balance sheet expansion, regulatory buffers, and strategic investments
 
Strategic context:
 
The move follows recent leadership exits and aims to restore investor confidence after derivative accounting lapses.
 
Sources: Economic Times, Yahoo Finance, MarketScreener, IndusInd Bank official filings, Business Standard

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