Board of Directors of IndusInd Bank Limited in their meeting held on October 21, 2021 in Mumbai, approved issuance of Rated, Listed, Non-Convertible, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures towards Non-Equity Regulatory Tier 2 Capital with Face Value of INR 10,000,000 each for cash, for an amount not exceeding INR 28,000 on private placement basis, subject to approvals and consents of regulatory authorities as may be required. The Board also authorized the Finance Committee of the Board to approve the details of the issuance and to finalize the allotment of securities.