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Banking on Stability! RBI Assures IndusInd Bank Stability Amid Accounting Shake-Up

Updated: June 06, 2025 12:59

Image Source: Current Affairs - Adda247
Reserve Bank of India (RBI) Deputy Governor J. Swaminathan has reaffirmed that IndusInd Bank’s accounting discrepancies will be resolved soon, emphasizing the need to strengthen supervisory tools to prevent future financial irregularities. His remarks follow investor concerns over the bank’s ₹1,530 crore derivatives accounting issue.
 
1. Latest Update on IndusInd Bank’s Accounting Lapses
  • Swaminathan stated that fixing IndusInd’s accounting practices was a top priority, ensuring financial stability and investor confidence.
  • The RBI has directed IndusInd Bank’s board to conduct a forensic audit and accountability review to identify responsible parties.
  • The regulator aims to minimize disruptions while ensuring customer protection during the resolution process.
2. Strengthening Supervisory Tools for Future Stability
  • Swaminathan emphasized that RBI must continuously refine its regulatory framework, learning from past crises.
  • The central bank is implementing new governance measures, including enhanced risk assessment protocols.
  • The RBI’s Early Credit Loss (ECL) provisioning and Liquidity Coverage Ratio (LCR) rules are part of its broader strategy to fortify financial institutions.
3. Market Impact and Investor Sentiment
IndusInd Bank’s stock saw fluctuations following the announcement, with analysts predicting short-term volatility.
 
The RBI reassured that India’s banking system remains resilient, despite recent financial sector challenges.
 
Sources: Live Mint, Economic Times, Money Control

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