New Delhi, March 12 -- Mumbai: Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, expressed complete confidence in the ability of the bank's managing director (MD) and chief executive officer Sumant Kathpalia to steer the bank through its challenges. Hinduja's backing came on a day when IndusInd Bank's stock dropped 27.17% to its 52-week low. In an interview with Mint, Hinduja pointed out that the bank's net worth of Rs.65,102 crore and other key metrics were adequate to absorb any setbacks arising from discrepancies of approximately Rs.1,530 crore in the derivatives account balances. Edited excerpts:

Will the recent discrepancies flagged in the derivatives portfolio impact MD Sumant Kat...