Why Did IndusInd Bank Fall Today?
Ashok Hinduja, Chairman of IndusInd International Holdings, addressed key concerns around IndusInd Bank’s stability, transparency, and promoter support in an interview with CNBC-TV18. He acknowledged the ₹1,600 crore hit due to discrepancies in the derivative portfolio but emphasized that with an operating profit of over ₹11,000 crore in the last nine months and a capital adequacy ratio of 15.18%, the bank remains financially strong. Hinduja reassured investors, highlighting that the promoters have consistently supported the bank through economic cycles and remain committed to increasing their stake to 26%, pending final RBI approval.
Despite concerns over transparency and a six-month delay in disclosure, he reiterated trust in the management and emphasized that no margin calls have been triggered on pledged shares. On leadership succession, Hinduja clarified that it is the board’s prerogative, with decisions based on performance. While the market reacts sharply, the fundamentals remain intact, and historical resilience suggests that IndusInd Bank will navigate this challenge effectively.