IndusInd Bank Stock News: There has been a wave of decline in the bank shares after IndusInd Bank announced the accounting scam due to the turmoil in its derivative portfolio. Its investors are also scared. However, the RBI has clarified the financial situation of IndusInd Bank tomorrow and can see improvement in the bank shares in the new week tomorrow.
RBI clarified
The RBI issued a notification to clarify that the financial position of this bank is stable and has sufficient capital. For the quarter ended 31 December 2024, the bank’s capital adequacy ratio is 16.46 percent and the provision coverage ratio is 70.20 percent. In addition, by 9 March 2025, its liquidity coverage ratio was 113 percent, which is more than a 100 percent regulator requirement.
RBI appeals to customers
While issuing this information regarding IndusInd Bank, the RBI has appealed to the customers not to pay attention to any speculation about the bank. IndusInd Bank’s financial position is strong. It is constantly in a vigilant eye of regulators.
The stock declined by 26 percent in four days.
IndusInd Bank shares have fallen by 26 per cent in the last four days. So far, bank shares have fallen by 32.15 percent in March. The stock declined by 25 percent as soon as the accounting scam was announced. It closed at 672.65 on 13 March after opening at 909.25 on 10 March. Due to which investors suffered a loss of Rs 18489.8 crore in just four days.
Brokerage reduced the target
The decline in IndusInd Bank shares began with the decision to extend the tenure of the bank’s CEO. The RBI had decided to spend one year instead of three years by the RBI. So the bank management was not happy. Subsequently, the stock began to fall as all brokerage houses began to reduce their targets.
