IndusInd Bank CEO confident on Q4 net profit despite derivative hit

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The story "IndusInd Bank CEO confident on Q4 net profit despite derivative hit" was covered 1 days ago by Business Standard, a news publisher based in India.

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IndusInd Bank CEO confident on Q4 net profit despite derivative hit - Business Standard

Quick Summary:

Hinduja also stated that there has been no margin call on the shares pledged by IIHL of IndusInd Bank.

He added that the promoters are waiting for approval from the RBI to increase their stake in the bank from 15 per cent to 26 per cent."As soon as we receive approval from the RBI, we will immediately inject capital into the bank as and when required," he said.

On being asked if he would be considered by the bank’s board as one of the candidates to lead the bank again, Kathpalia said, “That is very difficult for me to say.