India's central bank said on Saturday that private lender IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory. Earlier this month, IndusInd Bank reported it had discovered an accounting discrepancy in the way it booked currency derivatives stretching back at least six years.

In today’s newsletter, lots of space for SpaceX in India, with both Bharti Airtel and Reliance Jio announcing partnership agreements for Starlink. But first, the crisis in India’s fifth-largest private bank — IndusInd.

The Reserve Bank of India on Saturday has said that IndusInd Bank is well capitalised and its financial position remains stable amid concerns about accounting discrepancy worth Rs 2,100 crore

The Reserve Bank of India confirmed IndusInd Bank's strong financial parameters and robust health amid reported discrepancies. IndusInd Bank is implem

RBI states that the bank has already engaged an external audit team to review systems and assess actual impact.

The bank had last week revealed a potential 2.35 per cent adverse impact on its net worth after an internal review of its derivative portfolio. The derivative losses will have an approximate impact of Rs 2,

RBI clarifies IndusInd Bank's financial stability amidst share price fall and derivative portfolio discrepancy, ensuring depositor confidence.

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs2,100 crore. The private sector lender,

The Reserve Bank of India reassures that IndusInd Bank remains financially stable despite a Rs 2,100 crore accounting discrepancy. The bank is directed to conclude remedial actions by Q4FY25. Customers are advised not to worry as an external review is underway,

IndusInd Bank reported that discrepancies in its derivative portfolio may result in a decrease of approximately 2.35% in its net worth as of December 2024.