Indusind Bank is Stable Assures RBI to its customers and investors

RBI-Indusind Bank Update: Regulator Reserve Bank of India of the banking sector assured the customers that IndusInd Bank has enough capital. Removing the concerns of the customers, the RBI said that there is no need for depositors to react to speculation at this time.

The central bank directed the bank’s board of directors to complete the corrective action related to an estimated account discrepancy of Rs 2,100 crore this month. IndusInd Bank revealed the disturbances in auditing this week. This is estimated to have 2.35 percent impact on the bank’s net worth. Soon after the revelations, there was a huge decline in the price of the bank shares. The RBI said in a statement that on the basis of publicly available revelations, the bank has already appointed an external audit team to make a comprehensive review of its existing system and assess the real impact and calculate it.

The central bank said, “The board and management have been instructed by the Reserve Bank to complete the fully corrective action during the January-March quarter after making necessary revelations to all the stakeholders.” Removing the concerns of the customers, the RBI said that there is no need for depositors to react to speculation at this time. The RBI said that some speculation related to IndusInd Bank Limited has been made, which has probably originated from the recent incidents related to the bank. The central bank assured customers and investors that the financial situation of the bank remains stable and it is closely monitoring it.

IndusInd Bank said that there was a lapse in the accounting around September-October last year and the bank had given preliminary information to the RBI last week. According to the bank, the final number will be known when the external agency appointed by the bank will finalize its report in early April.

Sharing the financial parameters of the bank, the RBI said that the bank is well capitalized and the financial situation remains satisfactory. According to the financial results reviewed by the bank’s auditor for the December 2024 quarter, the bank has maintained a provision of a comfortable capital adequacy ratio (CAR) of 16.46 percent and a provision of 70.20 percent.

As of March 9, 2025, the bank’s liquidity coverage ratio (LCR) was 113 percent, while the regulator requirement is 100 percent. The top body of Chartered Accountants can review the financial statements of IndusInd Bank, which is struggling with discrepancies of Rs 2,100 crore in ICAI accounting.