IndusInd Bank: The Reserve Bank of India has issued a statement amidst the ongoing crisis in IndusInd Bank. In this statement, the Reserve Bank has said that the IndusInd bank is financially stable and the bank has enough funds, so there is no need to worry for the depositors.
The Reserve Bank said in a statement that the financial results of the bank have been reviewed by the auditor. Which shows that the bank has sufficient capital in the quarter ended December 31, 2024 and has a capital adequacy ratio of 16.46 percent, while the provision is 70.20 percent. According to the Reserve Bank, the liquidity coverage ratio of IndusInd Bank is 113 percent as of March 9, 2025, while according to the rules this ratio should be 100 percent. This means that it is correct.
Instructed to take corrective action
The Reserve Bank of India on Saturday asked the Board of IndusInd Bank to complete corrective action. The bank has revealed large accounting discrepancies worth Rs 2,100 crore during the current quarter. It is noteworthy that earlier this week the IndusInd Bank revealed accounting irregularities, which had an estimate of 2.35 percent impact on the bank’s net assets. Soon after this revelation, the bank shares also saw a huge decline. According to the information available in the public domain, the bank has appointed an external audit team to make a comprehensive review of its existing systems and assess the real impact.
What is the whole matter of IndusInd Bank?
IndusInd Bank shares fell 27.06% to Rs 12. Closed at 656.80. The biggest reason for this decline is said to be irregularities in the bank’s derivative portfolio. Due to which the bank’s market cap decreased by 2.35 percent. With this, the trust of investors started getting reduced on the bank and people started selling shares, due to which there was a huge decline in the bank shares.
