RBI issues statement on ₹2,100 crore accounting error at IndusInd Bank
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Mar 16, 2025 08:36 AM IST
RBI statement on IndusInd Bank: According to reports, Institute of Chartered Accountants of India is expected to review IndusInd Bank’s financial statements.
RBI statement on IndusInd Bank: The Reserve Bank of India (RBI) on Saturday issued a statement regarding an accounting error worth ₹2,100 crore which IndusInd Bank uncovered.
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![IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank's net worth as of December 2024, which equated to about <span class='webrupee'></noscript>₹</span>2,100 crore.(Bloomberg)” title=”IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank’s net worth as of December 2024, which equated to about <span class='webrupee'>₹</span>2,100 crore.(Bloomberg)”> </picture> </span><figcaption>IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank’s net worth as of December 2024, which equated to about <span>₹</span>2,100 crore.(Bloomberg)</figcaption></figure> </p></div> <p>“The Reserve Bank would like to state that [IndusInd Bank] is well-capitalised and the financial position of the bank remains satisfactory,” the RBI said.</p> <p>“As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46 per cent and Provision Coverage Ratio of 70.20 per cent,” it added.</p> <p><strong>Also read:</strong> <a target=](https://www.hindustantimes.com/ht-img/img/2025/03/15/550x309/IndusInd_Bank_1742023421965_1742023422251.jpg)
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