INDUSIND BANK LTD. - Passing of Special Resolution for issue of Long Term Bonds / Non-convertible Debentures on Private Placement basis through Postal Ballot<BR>

Indusind Bank Ltd has informed BSE that the Banks Board of Directors had, at their meeting held on January 13, 2015 approved the proposal for Issuance of Long-Term Infrastructure Bonds, and Subordinated Non-Convertible Debentures (NCDs) / Bonds eligible to be included as Additional Tier 1 (AT 1) and Tier 2 (T2) Capital of the Bank upto Rs. 2,000 crores on Private Placement basis, as permissible under RBI guidelines.<BR><BR>Approval of shareholders of the Bank in terms of the provisions of Companies Act, 2013 is proposed to be obtained by way of Postal Ballot.<BR><BR>The Board in the aforesaid meeting appointed Mr. Romesh Sobti, Managing Director & CEO, Mr. S.V. Zaregaonkar, Chief Financial Officer, and Mr. Haresh Gajwani, Company Secretary, as persons designated for conduct of the entire Postal Ballot process.<BR><BR>The Board authorised Mr. Romesh Sobti for finalisation of terms and conditions for issuance of Long Term Bonds / NCDs, to finalise the calendar of events with regards to Postal Ballot, to appoint various intermediaries, and to sign, execute and enter into Agreements with the intermediaries, etc.