India's IndusInd Bank to consider raising funds
The board will consider issuing the bonds on a private placement basis and whether to increase capital through depository receipts and qualified institutional placements.
The bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.
India's Bandhan Bank quarterly profit slumps on higher bad loan provisions
It has shortlisted senior bankers from three other financial organizations, including HDFC Bank, for the position of CEO, Reuters reported in June.
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