RBI’s one-year extension of Kathpalia’s appointment raised eyebrows. Some say it was a strategic move by the RBI to ensure the bank had time to find an adequate replacement.

IndusInd Bank's shares ended higher after the RBI reassured customers of the bank's sound financial health. Despite an accounting discrepancy of Rs 2,100 crore, the bank remains well-capitalized. The board has been directed to complete remedial actions within the current month.

IndusInd Bank share price surged today, reaching an intraday high of Rs.709, marking a 5% jump from the previous closing price. However, the stock is currently trading at Rs. 681.55 apiece, up 1.37% at the time of writing.

The RBI in the clarificatory statement said there was no need for depositors to react to the speculative reports at this juncture.

IndusInd Bank's stocks rose by nearly 6% following reassurances from the Reserve Bank that the bank is 'well-capitalised'. RBI has directed the bank to address a Rs 2,100 crore accounting discrepancy by the end of the month.

The Reserve Bank of India has confirmed that IndusInd Bank is financially stable and adequately capitalised. Depositors are advised not to react to speculation concerning the bank's foreign exchange derivative portfolio discrepancies,