IndusInd Bank Share Price: Shares of IndusInd Bank surged by as much as 5.19%, reaching Rs 707 per share on the BSE during the opening trade on Monday, March 17, following a reassuring statement from the Reserve Bank of India (RBI). The RBI addressed speculation surrounding the bank, affirming that it remains “well-capitalised” and its “financial position remains satisfactory.”
According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.2% for the quarter ending December 31, 2024. Additionally, the bank maintained a Liquidity Coverage Ratio (LCR) of 113% as of March 9, 2025, well above the regulatory requirement of 100%.
The RBI’s official statement highlighted: “As per the auditor-reviewed financial results for the quarter ending December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20%. The Liquidity Coverage Ratio (LCR) of the bank stood at 113% as of March 9, 2025, exceeding the regulatory requirement of 100%.”
IndusInd Bank’s shares had taken a significant hit last week after the private-sector lender revealed an accounting discrepancy, estimated to have impacted 2.35% of its net worth. Analysts have pegged the discrepancy at Rs 2,100 crore in absolute terms.
In the past five sessions, the bank’s shares have plunged by 26%.
