New Delhi: IndusInd Bank shares are likely to be in focus on June 9, 2025 (Monday), after RBI Governor said that the fraud-hit lender is doing well now. The IndusInd Bank shares jumped in the wake of the comments made by the RBI Governor on Friday (June 6). The shares appreciated over 2 percent to settle at Rs 824 apiece.
While announcing the Monetary Policy Committee (MPC) meeting decisions, Malhotra said that the issue of IndusInd Bank would settle soon as due process of law is being followed.
“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.
The MD and CEO of IndusInd Bank has resigned, and it is a good enough factor for IndusInd’s further recovery, the RBI governor said, adding that the law will take its course on IndusInd fraud.
RBI will not be failing in its duty if any step has to be taken, Malhotra assured.
Deputy Governor of RBI, J. Swaminathan, too, has assured that there exists no systemic impact from the IndusInd Bank issue on the banking system.
The bank is facing corruption charges, and it has impacted the bank, causing it to lose its value of Rs 2000 crore. The significant accounting fraud that was unearthed in March 2025 has led to the problem of a leadership vacuum in the bank. The bank has undergone several leadership changes, including the appointment of a new chief executive officer. Subsequently, the bank has reported a loss of about Rs 2329 crore in the January-March quarter of FY25, recording its worst performance ever.
Following the controversy, SEBI banned former IndusInd Bank CEO Sumant Kathpalia, Deputy CEO Arun Kurana, and three other individuals from indulging in stock trading, as they were all charged with insider trading by SEBI. The C-suite executives of the company used the price-sensitive information to trade the company’s shares to avert a loss of around Rs 19 crore to their advantage.
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