Indusind Bank Ltd

Instruments rated and actions

• Infra bonds INR15b: AA+/Stable; Re-Affirmed; Outlook Stable from Negative.
• Basel III Tier 2 bonds INR40b: AA+/Stable; Re-Affirmed; Outlook Stable from Negative.
• Short-term fixed deposit programme: A1+; Re-Affirmed.
• Certificate of Deposits: A1+; Re-Affirmed.

Rationale and outlook

• Outlook revised to Stable; ratings reaffirmed for long-term AA+ and short-term A1+.
• Rationale not disclosed in the provided chunk.

Agency details and material changes

• CRISIL Ratings Limited is the rating agency; update date August 19, 2026.
• No other material changes beyond the outlook revision and reaffirmations.

Announcement

• IndusInd Bank joins PCAF to measure emissions from financial activities.
• Joining PCAF supports enhanced transparency and climate-related disclosures.
• PCAF provides a global framework for Scope 3 accounting with 750+ signatories.

PCAF background

• PCAF launched in 2019 and now has 750+ signatories.
• Global GHG accounting standard for the financial industry.
• It helps decarbonize portfolios and guide climate-risk decisions.

Meeting Details

• Date: August 17, 2026; meeting held in Mumbai.

Event & Mode

• Event: Motilal Oswal 22nd Annual Global Investor Conference; Type: One-on-One & Group; Mode: Physical.

Purpose & Materials

• Purpose: investor interaction; discussions based on public documents; presentation available on bank's site.

Regulatory penalty

• RBI imposed a penalty of Rs 59.20 lakh on IndusInd Bank.
• Penalty relates to non-compliance with RBI directions on Interest Rate on Deposits and Securitisation.
• Date of order/notification: August 14, 2026.
• Penalty invoked under provisions of Banking Regulation Act, 1949.

Meeting Details

• Date: August 13, 2026; time not disclosed; Mumbai; physical.
• Event: Equirus Annual India Conference; one-on-one and group meet.

Participants

• Key company participants: not disclosed.
• External attendees include asset-management firms and mutual funds.

Purpose

• Purpose: analysts/institutional investor engagement; discussions based on public materials.

Additional Notes

• Presentation copy available on the bank's website.

Meeting Details

• Date: August 12, 2026.
• Event: Emkay Confluence 2026.
• Type: one-on-one and group meet.
• Mode: Physical in Mumbai.
• Presentation: available on bank's website.

Participants

• Key company participants (management): not specified.

Purpose

• Purpose: Interaction with analysts and institutional investors.

Meeting Details

• Date: August 17, 2026; Motilal Oswal 22nd Annual Global Investor Conference.
• Type/Mode: Group and 1x1 meetings; Physical; Mumbai.
• Presentation will be available on IndusInd's website.

Director Cessation

• Cessation of Akila Krishnakumar as Non-Executive Independent Director, effective August 9, 2026, upon tenure completion.

RBI approval for stock broking subsidiary

• RBI has approved setting up a wholly owned subsidiary to conduct stock broking business.
• Equity capital infusion into the subsidiary is approved, with conditions as specified in the RBI letter.