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Will infuse more equity if needed: IndusInd promoter
The New Indian Express Vellore
|May 23, 2025
THE promoters of crisis-hit IndusInd Bank have assured investors and depositors that they remain committed to supporting the bank if there is a need for more equity infusion.
"Though capital adequacy of the bank is healthy, for business growth, should further equity be required, IIHL, as the promoter Bank, remains committed to supporting the bank, as it has done over the past 30 years," said Ashok P Hinduja, chairman, IndusInd International Holdings, promoter of the bank.
The bank reported a net loss of ₹2,329 crore in Q4FY25 due to higher provisions for derivative losses. This is the first time in 19 years the bank has reported quarterly losses.
This story is from the May 23, 2025 edition of The New Indian Express Vellore.
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