According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20% for the quarter that ended December 31, 2024. The bank also maintained a Liquidity Coverage Ratio (LCR) of 113% as of March 9, 2025, exceeding the regulatory requirement of 100%.
“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. The Liquidity Coverage Ratio (LCR) of the bank was at 113 per cent as of March 9, 2025, as against regulatory requirement of 100 per cent,” RBI said in a press release.
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The central bank noted that IndusInd Bank has engaged an external audit team to review its systems and assess the actual impact of the recent events. The RBI has directed the bank’s Board and management to complete all remedial actions within the ongoing quarter (Q4FY25) and ensure necessary disclosures to stakeholders.
“Basis the disclosures available in public domain, the bank has already engaged an external audit team to comprehensively review their current systems, and to assess and account for the actual impact expeditiously.
The Board and the management have been directed by Reserve Bank to have the remedial action completed fully during the current quarter viz., Q4FY25, after making required disclosures to all stakeholders,” the central bank said.
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The RBI said there is no need for depositors to react to speculative reports, as the bank’s financial position remains satisfactory and is under close monitoring by the regulator.
First Published: Mar 15, 2025 12:37 PM IST
