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Will support IndusInd Bank if need arises: Promoter Ashok Hinduja
short by Shristi Acharya / on Thursday, 22 May, 2025
IndusInd Bank's promoter IIHL is committed to supporting the lender's business with equity if the need arises, IIHL Chairman Ashok P Hinduja said. His comments came after IndusInd Bank reported ₹2,328 crore net loss in FY25 Q4, driven by accounting discrepancies and regulatory scrutiny. Hinduja said that the capital adequacy of the bank is "quite healthy" for business growth.
read more at Financial Express