Monday, March 31, 2025 | 05:18 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

IndusInd Bank Ltd

Clarification On Speculation

08:17 PM, 1st Feb 2023

It has come to our notice about speculation on the Banks exposure towards a conglomerate group. We wish to clarify that the Banks exposure towards this Group is as follows:1. The total loan outstanding towards the Group is at 0.49% of the Banks loan book.2. The total non-fund outstanding towards the Group is at 0.85% of the loan book.3. The loan outstanding against fixed deposits of the Group is at 0.20% of the loan book.4. Majority of the fund and non-fund exposures is working capital requirements and same is secured. 5. There is no other exposure outside of the above inter alia including towards any offshore entities loan against shares or pledge of shares of promoter investment book instruments etc. However we hold shares as additional collateral for some of the exposures mentioned above over and above the primary security provided.

More IndusInd Bank Ltd Announcements