IndusInd Bank pays Rs 114 cr as interest on infrastructure bonds for Oct-Dec quarter

IndusInd Bank pays Rs 114 cr as interest on infrastructure bonds for Oct-Dec quarter

Infrastructure bonds are debt instruments sold to investors to raise funds for roads, power plants and bridges among other projects.

FPJ Web DeskUpdated: Monday, January 02, 2023, 06:53 PM IST
article-image
@ians_india (twitter)

According to an exchange filing, private lender IndusInd Bank has paid out an interest of Rs 114 crores on infrastructure bonds, for the October to December quarter of FY23.

Infrastructure bonds are debt instruments sold to investors to raise funds for roads, power plants and bridges among other projects. The investors can also choose InVits to receive payouts on income generated by the completed projects.

RECENT STORIES

Motherson Announces Agreement With Adani Ports' Subsidiary To Establish Facility For Auto Exports,...

Motherson Announces Agreement With Adani Ports' Subsidiary To Establish Facility For Auto Exports,...

Who Is Avadhut Sathe? ₹601 Crore Taken From Investors, How Sebi’s ₹546 Crore Recovery Order...

Who Is Avadhut Sathe? ₹601 Crore Taken From Investors, How Sebi’s ₹546 Crore Recovery Order...

RBI Cuts Repo Rate By 25 Basis Points To 5.25% From 5.5% To Spur Growth

RBI Cuts Repo Rate By 25 Basis Points To 5.25% From 5.5% To Spur Growth

SEBI Bans Financial Influencer Avadhut Sathe From Stock Markets, Freezes His Accounts & Orders To...

SEBI Bans Financial Influencer Avadhut Sathe From Stock Markets, Freezes His Accounts & Orders To...

Mumbai: ED Attaches ₹1,120 Crore Assets Of Reliance Anil Ambani Group In RHFL–RCFL–Yes Bank...

Mumbai: ED Attaches ₹1,120 Crore Assets Of Reliance Anil Ambani Group In RHFL–RCFL–Yes Bank...