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IndusInd Bank's shares surge after RBI assuages concerns over its accounting issues.
IndusInd Bank's shares rose over 5% after RBI Governor Sanjay Malhotra said the bank's accounting issues are under control and will be resolved soon.
The bank faced significant financial implications, including a ₹2,000 crore hit to its net worth and a Q1 loss of ₹2,329 crore.
Former CEO Sumant Kathpalia and others were barred from trading due to alleged insider trading.
Despite challenges, the RBI assured there is no systemic impact, and IndusInd is seeking a new leadership team.
Market experts advised caution.
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Las acciones de IndusInd Bank se dispararon después de que el RBI aliviara las preocupaciones sobre sus problemas contables.