AP Hinduja Comes To Rescue Of IndusInd Bank

New Delhi: Ashok P Hinduja, Chairman, IndusInd International Holdings Ltd (IIHL), which is the promoter of IndusInd Bank, went into damage-control mode on Thursday following the announcement of the fraud in the bank that has plunged the lender into a Rs2, 236 crore loss for the January-March quarter.

“Though the capital adequacy of the Bank is quite healthy,” Hinduja said in a statement.