IIHL has a significant number of shareholders in the UAE; IndusInd Bank has a representative office in Dubai offering NRI services

Dubai, May 23, 2025: IndusInd International Holdings (IIHL), the promoters of IndusInd Bank, which has a representative office in Dubai offering NRI services, today assured support to the bank facing scrutiny over accounting discrepancy issue across its derivatives trades.

In a statement, Ashok P. Hinduja, Chairman, IIHL, expressed his “unequivocal trust in the Chairman & Board of Directors of the Bank for their appropriate, swift actions in order to address discrepancies and attendant areas of concern.”