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IndusInd Bank's strong financial position: RBI

 Mumbai: The Reserve Bank of India (RBI) has said that the financial position of IndusInd Bank is strong and customers should not worry about their savings.

IndusInd Bank's strong financial position: RBI
IndusInd Bank's

 

The Reserve Bank of India (RBI) has issued a statement to clarify the situation.


It reads as follows: A few days ago, IndusInd Bank informed the stock exchanges that discrepancies were observed in the bank's forward business portfolio when the RBI guidelines on investment classification were implemented. Following this, questions were raised about the bank's financial position and customer savings.

The capital and financial position of IndusInd Bank is strong. The bank's capital adequacy ratio as on December 31 last year was 16.46 per cent.

The PCR ratio, which is used to deal with the burden of bad loans, is also higher than the 70 per cent set by the RBI.

The cash balance ratio, which should be 100 per cent, is 113 per cent as on March 9, which is higher than the requirement.

Therefore, customers should not give importance to news based on speculation. This has been reported.

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