IndusInd Bank fraud: Promoter Ashok Hinduja makes major announcement regarding IndusInd Bank, know what impact it will have on the bank.
IndusInd Bank initially identified some 'discrepancies' in its derivatives portfolio, which later turned into a suspected fraud (IndusInd Bank fraud). It has also come to light that senior bank officials were involved. Meanwhile, the bank promoter Ashok Hinduja has issued a statement expressing his stance.
The promoter of IndusInd Bank, one of the country's leading private banks grappling with an accounting fraud crisis, has issued a statement regarding the issue. In a statement released on Thursday (Ashok Hinduja announcement), IndusInd promoter Ashok Hinduja said that, if needed, he is ready to infuse additional equity into the bank as a promoter. This announcement is expected to restore confidence in the bank.
It may be noted that a few days ago, IndusInd Bank had reported that some 'discrepancies' were found in its derivatives portfolio, and an investigation was underway. Subsequently, on Wednesday, IndusInd Bank claimed that the investigation revealed it to be a suspected "fraud" (IndusInd Bank fraud), potentially involving some key senior officials of the bank. Due to this irregularity, which began in the financial year 2016, the company incurred a net loss of ₹2,328.92 crore in the fourth quarter of financial year 2025.
Now, IndusInd Bank promoter Ashok Hinduja, following the announcement of the bank's financial results, stated, "I express my confidence in the bank's Chairman and Board of Directors for their appropriate and prompt actions. This will bring transparency to the bank's operations and promote high standards of governance. This will restore people's confidence in the bank.
Hinduja stated that under the guidance and oversight of the board and other stakeholders, the current management has ensured that the bank’s business remains robust with adequate capital. The continued trust of customers in the bank reflects their confidence in the institution, which has always been maintained.
Hinduja said, “Although the bank has sufficient capital, if additional equity is required for business growth or any other reason, as the promoter of IndusInd Bank, we are committed to supporting the bank, as we have done over the past 30 years.
