RBI directs IndusInd Bank to complete remedial action this month

RBI directs IndusInd Bank to complete remedial action this month. The Reserve Bank on Saturday asked

board to complete remedial action during the current quarter amid disclosure of a whopping ₹2,100 crore discrepancy in accounting announced by the bank. Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35% of the bank's net worth. Soon after the disclosure, massive price correction in the bank's scrip was witnessed.