No plan to raise capital: IndusInd CEO

IndusInd Bank clarified on Tuesday that it has no plan to raise additional capital, despite its promoter, the Hinduja group, seeking to raise its stake in the bank. With a total capital adequacy of 18%, the bank believes it is well-capitalized and will not look at raising fresh capital unless the core equity capital falls below 14%. Currently, the common equity tier 1 capital (CETI) or a bank's core capital stands at 16.44%.

- Gopika Gopakumar

"We have not had a capital discussion with the promoter because we are not planning to raise capital. We will maintain CET I, and we will only raise capital only if capital adequacy if CETI falls below 14%. We are well capitalized with 16.5%, and we don't see the need for any capital," said Sumant Kathpalia, chief executive officer of IndusInd Bank.