Hinduja Says IIHL Ready to Infuse More Equity into IndusInd Bank if Required

IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, has reaffirmed its commitment to support the bank with additional equity if required for business growth. Chairman Ashok P. Hinduja stated this following the bank’s weakest quarterly performance in decades in terms of profitability. He emphasized that although the bank’s capital adequacy remains strong, IIHL is prepared to inject more equity to aid its growth if necessary. Hinduja highlighted IIHL’s consistent support over the past 30 years, reinforcing the promoter’s long-term commitment to the bank’s stability and expansion.