Saturday, March 15, 2025

BANKING

The Reserve Bank of India reassured depositors that IndusInd Bank remains well-capitalized and financially stable. The bank's Capital Adequacy Ratio stood at 16.46%, and its Liquidity Coverage Ratio was 113%, exceeding regulatory requirements. Recent accounting discrepancies are being addressed, with external audits and corrective actions underway. Depositors were urged to ignore speculative reports.

from Banking/Finance-Industry-Economic Times https://ift.tt/X9F7gPn
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