IndusInd bank stock emerged as the biggest gainer among the Sensex and Nifty firms. File
| Photo Credit: Reuters
Shares of IndusInd Bank jumped nearly 6% on Monday (March 17, 2025) morning trade after the Reserve Bank of India assured customers that the firm remains ‘well-capitalised’, even as it directed the bank’s board to complete remedial action relating to estimated ₹2,100 crore accounting discrepancy within this month.
The stock rallied 5.30% to ₹707.75 on the BSE. At the NSE, it surged 5.58% to ₹709.90. The stock emerged as the biggest gainer among the Sensex and Nifty firms.
Last week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35% of the bank’s net worth. Soon after the disclosure, massive price correction in the bank’s scrip was witnessed.
“Based on the disclosures available in the 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,” RBI said in a statement on Saturday (March 15, 2025.)
“The Board and the management have been directed by Reserve Bank to have the remedial action completed fully during the current quarter viz., Q4FY25, after making required disclosures to all stakeholders,” it said.
Assuaging concerns of customers, the RBI in the clarificatory statement said there was no need for depositors to react to the speculative reports at this juncture. “There has been some speculation relating to IndusInd Bank Limited in certain quarters, perhaps arising from recent events related to the bank,” it said.
The Central bank assured customers and investors that the bank’s financial health remains stable and is being monitored closely by it.
Published – March 17, 2025 01:18 pm IST
