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IndusInd well-capitalised, depositors need not worry
The New Indian Express Tadepalligudem
|March 16, 2025
THE Reserve Bank on Saturday said there is no need for the public to panic about their money with the troubled IndusInd Bank, which on March 10 had disclosed that it would take a major hit on its bottom-line due to the many years of accumulated losses in its forex derivatives book.
The statement means that there is no run on the bank, according to the regulatory criteria.
"IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory. According to the auditor-reviewed financial results of the bank for the December 2024 quarter, the bank had a comfortable capital adequacy ratio of 16.46 and provision coverage ratio of 70.20. The liquidity coverage ratio was at 113 as on March 9, 2025, as against the regulatory requirement of 100," the RBI said in a statement on Saturday.
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