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

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.

Comments

Today gold price April 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold. Today's Gold Silver price Updated on 05th April 2025 What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 22ct 1 gm ₹8,310/110⬇️ 24ct 10 gm ₹91,600/1400⏬ 1 gm silver103,00/R5⬇️ 1kg Bar silver ₹90,700 /5300 ⏬ Trading gold silver market live USDINR Rates by TradingView GOLD Quotes by TradingView SILVER Quotes by TradingView The purity of gold is measured in carats, with 24 c...

FADF monitors the Indian jewelery industry

FATF says India's jewelery industry needs to be monitored, Risks being used to finance terrorism NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said. I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...

Market Special 'Mukurat Trading' on November 1

New Delhi, Oct. 21- The stock exchanges BSE and NSE are going to hold a one-hour special 'Mugurat Trading' on the occasion of Diwali on November 1. Share market success India's leading stock exchanges Mumbai and National Stock Exchanges have announced that they are going to hold a one-hour special 'Mugurat Trading ' on November 1st on the occasion of Diwali. The trading session will be held from 6 pm to 7 pm, both the markets said separately in their circulars. 'Mugurat' refers to an auspicious period chosen based on planetary positions. Investors consider it the beginning of a new financial year of the Hindu calendar. To mark this, NSC and BSE conduct a special session during Diwali festival. Also, market analysts said that investors are hopeful that the share transactions carried out in this session will bring prosperity throughout the year. This special session will see simultaneous trading in various segments like Equity, Commodity Derivatives, Cu...

22k jewelers

Search This Blog