Whalesbook
IndusInd Bank is reportedly initiating groundwork for a potential $1 billion (approximately ₹8,300 crore) fundraise, possibly through a preferential issue, with Citi advising the bank. The capital infusion is intended to bolster its financial position and prepare for the upcoming Expected Credit Loss (ECL) adoption in FY27. The bank's MD & CEO is reportedly meeting investors in Singapore. However, IndusInd Bank has officially denied these reports, calling them speculative.