Last week, shares fell by 27% before regaining investor confidence following statements from the bank's CEO and the RBI.

IndusInd Bank (News Media), Business Desk: The previous week was tumultuous for IndusInd Bank and its investors. Reports regarding the bank's accounts led to a staggering 27% drop in share prices in just one day. However, shortly after these reports emerged, the bank's CEO urged investors to remain calm and avoid panic. He clarified that the situation was due to a minor error that would be rectified promptly. This reassurance helped restore investor confidence, leading to a surge in share prices starting Thursday.

On Monday morning, IndusInd Bank's shares saw an increase of nearly 6%. This uptick followed the Reserve Bank's assurance to customers regarding the bank's adequate capital reserves. Additionally, the RBI instructed the bank's board to complete corrective actions related to an estimated ₹2,100 crore accounting discrepancy within the month.

During early trading on Monday, IndusInd Bank's shares rose by 5.30% to ₹707.75 on the BSE, while on the NSE, they climbed 5.58% to reach ₹709.90. This made the bank's shares among the top gainers in the Sensex and Nifty indices.

In a statement released on Saturday, the RBI noted that based on publicly available disclosures, the bank had already appointed an external audit team to conduct a thorough review of its current systems and assess the actual impact. The statement emphasized that the board and management were directed to complete necessary disclosures to stakeholders and finalize corrective actions during the current quarter, specifically the fourth quarter of FY25. The RBI reassured customers that there was no need to react to speculation at this time.