Amid all the buzz around fraud and financial issues at IndusInd Bank, Ashok Hinduja, one of the key people behind the bank, has come out to support it.
He called this tough time a “new dawn”—meaning he believes it’s a fresh start for the bank. Recently, the bank reported a big loss, mainly because it had to correct past mistakes in how some money matters were recorded. This included errors in how interest and trades were reported in one of its departments.
Instead of pulling back, Hinduja said he and his group are standing strong with the bank. In fact, he’s ready to put in more money if needed to help the bank recover.
He also praised the current team at the bank for moving quickly to fix things and said he trusts them to handle the situation well. His message was clear: “We’re not running away—we’re here to fix things and move forward.”
For customers, investors, and staff, this support from Hinduja is a big confidence boost. It shows that the people behind the bank are serious about rebuilding trust and steering it in the right direction.