IndusInd Bank stock jumps nearly 6% after RBI assures customers of the bank's stability

Following the Reserve Bank's assurance to consumers that the company is still "well-capitalized" and its directive to the bank's board to finish corrective action regarding an estimated ₹2,100 crore accounting mismatch this month, IndusInd Bank's shares surged by about 6% on Monday morning trading. The stock rallied 5.30 per cent to ₹707.75 on the BSE. It jumped 5.58 percent to ₹709.90 at the NSE.

Of the Sensex and Nifty companies, the stock was the largest gainer. IndusInd Bank revealed an accounting error last week that is estimated to have affected 2.35 percent of the bank's total value. The bank's stock had a significant price fall shortly following the disclosure.

According to public disclosures, the bank has already hired an outside audit team to thoroughly examine its current processes and quickly determine and account for the true impact, the RBI said in a statement on Saturday.