RBI Assures IndusInd Bank Depositors: The Reserve Bank of India (RBI) said on 15 March that IndusInd Bank has sufficient capital and its financial condition is also stable. In fact, on March 10, Indusind Bank had disclosed lapses in its derivative portfolio after the stock market closed.
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RBI Assures IndusInd Bank Depositors
Due to this, there was a big fall in the bank’s shares on March 11. Many kinds of talks had also started regarding the future of the bank. According to RBI, in the quarter ending December 2024, Indusind Bank’s capital adequacy ratio (CAR) was 16.46% and provision coverage ratio (PCR) was 70.20%. The bank’s liquidity coverage ratio (LCR) was also 113% as of 9 March 2025. This is more than the condition of 100% from the RBI.
RBI on Saturday asked the board of directors of IndusInd Bank to complete corrective action amid revelations of a massive Rs 2,100 crore accounting error declared by the bank during the current quarter. The accounting error, which was disclosed earlier this week, is estimated to have a 2.35% impact on the bank’s net worth.
Soon after the disclosure, the bank’s share price witnessed a massive drop. IndusInd Bank has already appointed an external audit team to conduct a comprehensive review of its existing mechanisms, assess and account for the actual impact.
RBI Said in a Statement ” RBI Assures IndusInd Bank Depositors
The Reserve Bank said– The board and management have been directed by the central bank to complete full corrective action during the January-March quarter, after making the necessary disclosures to all stakeholders. The statement said that there is no need for depositors to react to speculation at this time.
RBI said in the statement that the bank has appointed an external audit team to review the systems and ascertain the losses arising from lapses in the derivatives portfolio. The central bank has asked the bank’s board and management to take all necessary measures in the fourth quarter and provide necessary information to the stakeholders.
The Financial Position of the Bank is Stable
The Central Reserve Bank assured customers and investors that the financial position of the bank remains stable and it is monitoring it closely.IndusInd Bank said that the accounting lapses were detected around September-October last year and the bank had given preliminary information about this to RBI last week. According to the bank, the final number will be known when the external agency appointed by the bank finalizes its report in early April.
Share Status: Talking about the last trading day, the bank’s stock fell by 1.84% to close at Rs 672.10. On March 12, 2025, the stock had fallen to a low of Rs 605.40. This is the 52-week low of the stock.
In a rare clarification, the RBI has said that #IndusIndBank depositors need not worry.
— NDTV Profit (@NDTVProfitIndia) March 15, 2025
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What Steps is IndusInd Bank Taking Now?
The bank has launched a detailed internal review and appointed an external agency to validate its findings.
The money of IndusInd Bank and its depositors is completely safe. Allaying the concerns of IndusInd Bank customers and depositors, the Reserve Bank of India has clarified that there is no need for IndusInd Bank depositors to panic.
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