has appointed Ashu Suyash as independent director of bank for a period of 5 years.

The appointment is effective from January 24, 2022, up to January 23, 2027, the private sector lender said in a statement.

Suyash was managing director of rating agency

, it said.

The board has also approved raising Rs 5,000 crore in through debt instrument in one or more tranches next fiscal, it added.