(Reuters) -Shares of India's IndusInd Bank rose as much as 5.3% on Friday after a deputy governor at the country's central bank said "things should settle down soon" at the lender, which has grappled with accounting lapses.

RBI officials address IndusInd Bank accounting discrepancies, express confidence in bank's recovery and improved practices.

In the the post-monetary policy press conference today, RBI Deputy Governor J Swaminathan and Governor Sanjay Malhotra noted that the bank has taken corrective steps, including leadership changes, and that the situation should stabilize soon.