Related News

Campa goes global: Reliance Consumer launches soft drink brand in Nepal, partners with Chaudhary Group for local rollout

Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has launched its Campa Cola soft drink brand in Nepal, marking its formal entry into the neighbouring

The real reason behind morning walks: It’s not fitness, it’s hormones |

The early morning hours have long been associated with productivity, clarity, and a sense of accomplishment. For many, a morning walk is a cherished ritual that sets the tone for

Access Denied

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1752496290.6fb839 Source link

6 scenic European countries to explore by train with a Eurail Pass

Starting from $158Planning a rail adventure through Italy? Take advantage of the Italy Pass that offers 3 days of unlimited train travel in second class, which can be used within

14 high risk leftover food items you should never store in the fridge |

When it comes to leftovers, it’s essential to prioritise food safety to avoid foodborne illnesses. While many dishes can be safely stored and reheated, some leftovers pose a higher risk

5 sportspersons who got separated or divorced in 2025

With contemporary times, modern love and relationships too have become quite complex and difficult to sustain the test of time. With marriages becoming challenging for many people, staying in the

IndusInd bank well-capitalised; no need for depositors to worry: RBI

Word Count: 686 | Estimated Reading Time: 4 minutes

The Reserve Bank of India (RBI) reassured depositors and stakeholders about IndusInd Bank’s financial health, saying that the bank is well-capitalised and remains stable despite ongoing concerns.
In a statement released on Saturday, the central bank said, “The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory.”
The apex bank said that for the quarter that ended on December 31, 2024, the bank maintained a capital adequacy ratio of 16.46 per cent and provision coverage ratio of 70.20 per cent.
“Additionally, the bank’s Liquidity Coverage Ratio (LCR) stood at 113 per cent as of 9 March 2025, exceeding the regulatory requirement of 100 per cent,” the bank said in a press release.
The central bank also noted that IndusInd Bank has engaged an external audit team to review its current systems and assess any financial impact promptly. The bank’s board and management have been directed to complete all remedial actions within the current quarter (Q4FY25) and make the necessary disclosures to stakeholders.
“There is no need for depositors to react to the speculative reports at this juncture. The bank’s financial health remains stable and is being monitored closely by Reserve Bank.,” the statement added.
The clarification followed IndusInd Bank’s own admission of discrepancies in its internal processes related to to other asset and other liability accounts of the derivative portfolio, post implementation of RBI Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 issued in September 2023, including accounting of Derivatives, applicable from April 01, 2024.
The bank engaged in internal trades with low liquidity, involving a swap arrangement where yen deposits with a tenure of 3–5 years were exchanged for dollar deposits with a tenure of 8–10 years for a multilateral entity.
In response, IndusInd Bank appointed an external agency to independently review and validate its internal findings, with the review expected to be completed by the fourth quarter.
Meanwhile, leadership changes have added to the bank’s challenges. Earlier this month, RBI granted CEO Sumant Kathpalia a one-year tenure extension, despite expectations of a three-year renewal. On 18 January 2025, the bank’s CFO also resigned, citing other professional opportunities.

Source link