The Reserve Bank of India (RBI) has assured depositors not to panic while directing IndusInd Bank's board to complete remedial action during the current quarter following a whopping Rs 2,100 crore discrepancy in accounting disclosed by the private lender.

The RBI said the financial health of the bank remains stable and it is being monitored closely by the regulator.

The central bank also assured depositors that there is no need to react to the speculative reports at this juncture.

Earlier this week, IndusInd Bank disclosed an accounting discrepancy with an estimated impact of 2.35% of the bank's net worth. Soon after the disclosure, IndusInd Bank's share price plunged by over 27% in a single day and the stock shed as much as 38% market cap in six sessions.

RBI said in a statement that based  on the disclosures available in public domain, the private lender has already engaged an external audit team to comprehensively review their current systems and assess and account for the actual impact expeditiously, .

IndusInd Bank had informed that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week. The final number will be known after the external agency, which the bank has appointed, finalises its report by early April, according to the bank.

As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable capital adequacy ratio of 16.46% and provision coverage ratio of 70.20%.

The liquidity coverage ratio (LCR) was at 113% as on March 9, 2025, as against regulatory requirement of 100%.