IndusInd Bank share price jumped over 5% after the Reserve Bank of India’s (RBI) officials, including Governor Sanjay Malhotra, commented on the private lender’s recent crisis. IndusInd Bank shares rallied as much as 5.32% to ₹845.85 apiece on the BSE.
In its post-monetary policy press conference, RBI Governor Sanjay Malhotra said that the issue at the IndusInd Bank should settle down very soon.
“IndusInd Bank has taken enough steps to improve accounting practices. The issue in the bank should settle down very soon. The bank is doing well on the whole,” Malhotra said.
IndusInd Bank MD & CEO has resigned, which was good enough, according to Malhotra.
“Law will take its course on IndusInd fraud. RBI will not be failing in its duty if any step has to be taken,” added Malhotra.
RBI Deputy Governor J Swaminathan assured that there seems to be no systemic impact arising from the IndusInd Bank issue, while the central bank will keep monitoring the banking system.
