RBI issues statement on ₹2,100 crore accounting error at IndusInd Bank
by
written by 0 comment
1
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.
Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.
![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)
Recommended Topics 