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The latest update is out from IndusInd Bank Ltd. ( (IN:INDUSINDBK) ).
The Reserve Bank of India has issued a statement to address speculation about IndusInd Bank Limited, affirming that the bank is well-capitalized and financially stable. The bank has maintained a Capital Adequacy Ratio of 16.46% and a Liquidity Coverage Ratio of 113%, both above regulatory requirements. An external audit team has been engaged to review the bank’s systems, with the Reserve Bank directing the completion of remedial actions within the current quarter. The bank’s financial health remains stable, and there is no immediate concern for depositors.
More about IndusInd Bank Ltd.
IndusInd Bank Limited operates in the banking industry, providing a range of financial services including retail banking, corporate banking, and treasury operations. The bank is headquartered in Mumbai, India, and is known for its focus on customer-centric services and innovative banking solutions.
YTD Price Performance: -30.65%
Average Trading Volume: 319,430
Current Market Cap: 523.6B INR
See more data about INDUSINDBK stock on TipRanks’ Stock Analysis page.