Axis Bank and IndusInd Bank targets to accumulate Rs 4,000 cr
Thu, Nov 25, 2021 10:08 PM

Axis Bank and IndusInd Bank targets to accumulate Rs 4,000 cr

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Axis Bank and IndusInd Bank to make use of a window before the Reserve Bank of India's monetary policy next month that could indicate the reversal of ultra-loose policy, both banks plans to accumulate nearly Rs 4,000 crore in perpetual bonds and infrastructure bonds. The funds will augment its capital base. The bank's capital adequacy ratio was at 20.04% in the September quarter.

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