Shares of IndusInd Bank surged 4% on Monday after the Reserve Bank of India (RBI) clarified concerns regarding the bank’s financial health. Amid market speculation about deposit unwinding, the RBI reaffirmed that IndusInd Bank remains well-capitalized and financially stable.
As per the auditor-reviewed financial results for Q3FY24, IndusInd Bank maintained a Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20%. Additionally, the Liquidity Coverage Ratio (LCR) stood at 113% as of March 9, 2025, surpassing the regulatory requirement of 100%.
The RBI also stated that the bank has engaged an external audit team to evaluate its financial systems and implement necessary corrective measures. The Board and management have been directed to complete remedial actions within Q4FY25, ensuring full transparency for stakeholders.
With these reassurances, the RBI urged depositors not to react to speculative reports, emphasizing that IndusInd Bank’s financial position remains strong. The central bank continues to monitor the bank closely, reinforcing confidence in its stability.
