Ashok Hinduja, promoter of IndusInd Bank, promises assistance and is "ready to inject capital" if needed.

After the derivatives knock chopped off approximately Rs 18,000 crore worth of market capitalization on March 11, Ashok Hinduja, the promoter of IndusInd Bank, informed the media that the lender's finances are still sound and that it will be fully backed should any capital requirements emerge. One of the biggest private lenders in India had a 26% decline in its stock price after disclosing irregularities in its derivatives portfolio, which had an estimated 2.35 percent effect on the bank's overall performance. CNBC-TV18 was informed by Ashok Hinduja that the bank can resolve the disparities that have surfaced. Investors shouldn't freak out. These issues are typical and routine. I can see why they are worried about the lack of prior notice. Integrity and trust are the foundation of banking operations," he stated. The promoter group has a great deal of faith in the bank's management and board, Hinduja continued. "IndusInd Bank has been with us for the past 30 years. It has experienced a number of issues. Those have been appropriately handled. He stated that the bank's financial figures are excellent and that "this issue will also be resolved." Hinduja pointed out that the markets ought to have valued the bank's openness in disclosing its issue. No one else, not even the auditor or the regulator, saw this issue. "The management took the initiative to draw attention to the problem," he stated. IndusInd Bank faced a significant stock decline of over 22% on March 11, reaching a four-year low, after disclosing irregularities in its forex derivatives portfolio, which impacted its net worth by approximately ₹1,530 crore or 2.35%. In response to investor concerns, Ashok Hinduja, Chairman of the Hinduja Group and promoter of IndusInd Bank, reassured that the bank’s financial health remains strong and that the promoter group is fully committed to supporting it, including injecting capital if required. Hinduja emphasized that such issues are routine in the banking sector and expressed confidence in the management and board to effectively resolve the situation. He further highlighted the bank's transparency in proactively identifying and disclosing the discrepancy, reinforcing its commitment to integrity and trust. Hinduja also pointed out that despite the market reaction, the bank’s financial figures remain solid, and it has successfully navigated similar challenges in the past.