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News India Live, Digital Desk: IndusInd Bank The shares of the shares are likely to be in the discussion on June 9, 2025 (Monday), as the RBI Governor has said that the fraud -affected bank is now doing well. IndusInd Bank shares jumped after the comments made by the RBI Governor on Friday (6 June). The stock rose over 2 percent to close at Rs 824 per share.
Monetary policy committee (MPC) Announcing the decisions of the meeting, Malhotra said that the issue of IndusInd Bank will soon be resolved as the legal process is being followed.
Malhotra said, “IndusInd Bank has taken adequate steps to improve the accounting practices. The problem in the bank should be solved very soon. Overall, the bank is doing well.”
The RBI Governor said that the MD and CEO of IndusInd Bank have resigned and this is a sufficient factor for further recovery of IndusInd Bank. He said that the law will do its job on IndusInd fraud.
Malhotra assured that if any step had to be taken, the RBI would not fail in its duty.
RBI Deputy Governor J. Swaminathan has also assured that the IndusInd Bank case will not have any systemic effect on the banking system.
IndusInd Bank Crisis
The bank has been accused of corruption and has caused a loss to the bank, causing a loss of Rs 2000 crore to the bank. Important accounting fraud, which surfaced in March 2025, has given rise to the problem of leadership emptiness in the bank. The bank has made several leadership changes, including the appointment of the new Chief Executive Officer. Subsequently, the bank recorded a loss of about Rs 2329 crore in the January-March quarter of FY 25, which is the worst performance ever.
Following the dispute, SEBI banned former IndusInd Bank CEO Sumant Kathpalia, Deputy CEO Arun Kurana and three other persons from being involved in share trading, as SEBI accused them all of insider trading. The company’s C-suits officials used value-sensitive information to trade the company’s shares to save a loss of about Rs 19 crore for their benefits.
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