Mumbai, March 15 (IANS). The Reserve Bank of India (RBI) has assured the bank customers about its financial situation amid the uncertainties issued for the last few days about the IndusInd Bank.
The central bank confirmed that the IndusInd Bank has enough capital and there is nothing to worry about the depositors.
The central bank said in a statement on its website, “There is no need to react to the deposits at this time.”
He said that the financial position of the bank remains stable and the Reserve Bank is keeping a close watch on it.
According to RBI, IndusInd Bank’s capital adequacy ratio was 16.46 percent and provision coverage ratio (PAR) 70.20 percent in the quarter ended 31 December 2024.
The bank also maintained a 113 percent liquidity coverage ratio (LCR) by 9 March 2025, which is quite above the regulator requirement of 100 percent.
The central bank said in a statement that these figures indicate that the bank is financially strong to fulfill its obligations.
The RBI further stated that the IndusInd Bank has appointed an external audit team to review its system and assess the impacts of recent developments.
The bank’s board and management have been instructed to complete all the works related to the reform within the current quarter (fourth quarter of FY 2024-25) and to ensure appropriate revelations to the stakeholders.
The RBI in its statement emphasized that depositors should not respond to fictional reports, as the bank’s financial position remains strong and is being strictly monitored.
The central bank also highlighted its strong track records in the safety of depositors during financial uncertainties.
The current situation of IndusInd Bank is not a major crisis but an accounting discrepancy. Earlier this week, the bank revealed that it identified discrepancies in its derivatives portfolio, which could have about 2.35 percent of the impact on its net worth by December 2024.
However, according to the official statement, the bank is taking measures to resolve the issue.
-IANS
SKT/Ekde
