Statement by Mr. Ashok Hinduja, Chairman, IndusInd International Holdings Limited (IIHL):

“On behalf of the IIHL’s Board and global shareholders, I compliment the regulator for the expeditious approval of the appointment of Rajiv Anand as the MD & CEO at IndusInd Bank. As the promoter of IndusInd Bank, we offer full support and wish him all success. We trust that with his vast experience, he will be able to realize the full potential of this strong private bank franchise. We greatly appreciate the role that the Board and the Executive Committee played in steering the Bank through this challenging period.”