IndusInd Bank’s financial health remains stable: RBI
The Hindu
RBI clarifies IndusInd Bank's financial stability amidst share price fall and derivative portfolio discrepancy, ensuring depositor confidence.
Amid speculations relating to IndusInd Bank Ltd.’s financial health in certain quarters and the fall in it’s share prices due to the discovery of discrepancy in it’s derivatives portfolio which will have an impact of 2.35% to it’s net worth, the Reserve Bank of India (RBI) on Saturday (March 15, 2025) clarified that the bank was well-capitalised and the financial position of the bank remained satisfactory.
It said it had directed the board and the management of the bank to have remedial action completed fully during the current quarter viz., Q4FY25, after making required disclosures to all stakeholders.
“As such, there is no need for depositors to react to the speculative reports at this juncture. The bank’s financial health remains stable and is being monitored closely by Reserve Bank,” it said in a statement.
The banking regulator said as per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank had maintained a comfortable Capital Adequacy Ratio of 16.46% and Provision Coverage Ratio of 70.20%.
The Liquidity Coverage Ratio (LCR) of the bank was at 113% as on March 9, 2025, as against regulatory requirement of 100%.
“Basis the disclosures available in public domain, the bank has already engaged an external audit team to comprehensively review their current systems, and to assess and account for the actual impact expeditiously,” it said.
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