IndusInd Bank pays Rs 114 crore as interest on infrastructure bonds

IndusInd Bank pays Rs 114 crore as interest on infrastructure bonds

IndusInd Bank pays interest on the bonds on an annual basis.

FPJ Web DeskUpdated: Saturday, December 10, 2022, 03:12 PM IST
article-image
@ians_india (twitter)

According to a regulatory filing, IndusInd Bank has paid Rs 114 crores as interest on infrastructure bonds worth Rs 1,500 crores.

The payments to be made on a yearly basis, have been cleared on the due date December 9. Infrastructure bonds are issued to raise debt for financing development projects such as roads, dams and power plants.

RECENT STORIES

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges