India, March 15 -- The Reserve Bank of India (RBI) on Saturday issued a statement regarding an accounting error worth Rs.2,100 crore which IndusInd Bank uncovered.
"The Reserve Bank would like to state that [IndusInd Bank] is well-capitalised and the financial position of the bank remains satisfactory," the RBI said.
"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," it added.
The Liquidity Coverage Ratio (LCR) of the bank was at 113 per cent as on March 9, 2025, as against regulatory requirement of 100 per cent, the central bank further stated.
It went on to add t...
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