IndusInd Bank will raise $3.47-billion and allow its promoters, UK-based Hinduja family, to nominate two board directors as it seeks to recover from a $230 million accounting lapse. The bank is looking to secure ₹30,000-crore in funding, comprising a ₹20,000 crore debt issue on a private placement basis. The misaccounting of internal derivative trades led to resignations of its executives.