Mumbai: The Reserve Bank of India (RBI) on Saturday asked IndusInd Bank’s board and the management to complete remedial action by March 31, 2025, after making required disclosures to all stakeholders.

RBI has asked IndusInd Bank to complete the remedial action in the current quarter. The central bank assured customers and investors that the bank's financial health remains stable and is being monitored closely by it.

In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial position remains sound and is under its close monitoring

As per the audited financial results for the quarter ending December 31, 2024, the bank's Capital Adequacy Ratio stands at 16.46 per cent, and its Provision Coverage Ratio is 70.20 per cent.

The Reserve Bank of India confirmed IndusInd Bank's strong financial parameters and robust health amid reported discrepancies. IndusInd Bank is implem

The Reserve Bank of India has directed IndusInd Bank to complete remedial action this quarter after a discrepancy of Rs 2,100 crore was found in its accounting. RBI assures that the bank's financial health remains stable.

A massive bloodbath took place in the IndusInd Bank stock after the lender reported accounting discrepancies was reported in its derivatives portfolio. In the last one week, the bank stock has nosedived nearly 31 per cent,