RBI assures IndusInd Bank depositors of financial stability
The Reserve Bank of India (RBI) has assured IndusInd Bank depositors of the bank's strong financial health, despite recent concerns over financial discrepancies. The bank is well-capitalized and has a high liquidity coverage ratio. IndusInd Bank reported financial discrepancies related to currency derivative transactions, leading to a potential loss of Rs 1,600 crore. The RBI stated that the bank's financial position remains satisfactory and is under close monitoring. An external audit is currently in progress to address these issues. The RBI has advised depositors to rely on official updates and not to react to unverified reports.