Ashok Hinduja Reaffirms Support for IndusInd Bank Board

I express my continued, unequivocal trust in the Chairman & Board of Directors of the Bank for their appropriate, swift actions in order to address discrepancies and attendant areas of concern,” says Mr. Ashok P. Hinduja, Chairman, IndusInd International Holdings Limited, promoter of IndusInd Bank, post Q4/FY 25 results announcement by IndusInd Bank.

This would lead to higher standards of transparency and governance, leading to rebuilding trust in the Bank. The coordinated efforts of current management under the guidance and monitoring of the Board and other stakeholders have ensured that the bank’s business remains healthy, with robust capital adequacy. The continued confidence of the customers in the Bank shows their trust in the institution, which has always been upheld. This shall be a new dawn with a sanitised slate to regain the position the Bank enjoyed for many decades.

The stance of the Regulator in addressing the issues in a very orderly manner with suitable guidance, as demonstrated by them in past for the banking sector, is commendable.

Though the Capital Adequacy of the Bank is quite healthy, for business growth, should any further equity be required, IIHL, as the promoter of IBL, remains committed to supporting the Bank, as it has done over the past 30 years