|Issuer Name||INDUSIND BANK LIMITED|
|Issuer Description||The bank started its operations with a capital amount of ₹100 crores among which ₹60 crores were raised by Indian residents and ₹40 crores were raised by Non-Resident Indians. The bank has specialized in retail banking services and continuously upgrades its support systems by introducing newer technologies.
As on 31 December 2018, IndusInd Bank had 1,558 branches, and 2453 ATMs spread across different geographical locations of the country. It also has representative offices in London, Dubai and Abu Dhabi. Mumbai has the maximum number of bank branches followed by New Delhi and Chennai. The bank has also proposed to double the branches count to 1200 by March 2019.
|Price||[Payable Amount is 100,000 * Price / 100] + [Accrued Interest of number of days since last Interest Payment Date]|
|Order Type||Multiples of INR 1,000,000.00 only|
|Issuer Rating||AA/Stable by CRISIL & AA/Negative by IND|
|NRI Eligible||This bond is not eligible for NRI’s to invest|
10.50% INDUSIND BANK PERPETUAL 2024
Call Date: 27 March 2024
Interest Frequency: Annual
Interest Date: 28 March
Face Value: INR 1,000,000.00
Note: As per latest notification from the Ministry of Finance, a stamp duty of 0.0001% will be applicable on all bond transactions with effect from 1st April 2020.