(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.

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.

In its post-monetary policy press conference, RBI Governor Sanjay Malhotra said that the issue at the IndusInd Bank should settle down very soon.

The European Central Bank on Thursday offered no surprises as it cut interest rates for the eighth time in a year — further widening the differential between official U.S. and eurozone policy rates, a gulf that has prompted President Donald Trump to lash out repeatedly at Federal Reserve Chair Jerome Powell.

Lower inflation and concern that U.S. President Donald Trump’s trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday’s policy meeting,

The European Central Bank cut interest rates by a quarter-percentage point again on Thursday, the latest attempt to help a euro area economy hit by the President Trump's trade war. Why it matters: Trade negotiations between the U.

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Friday, reversing an early dip, after the Reserve Bank of India cut its key repo rate by a larger-than-expected 50 basis points in a bid to support economic growth.

Indian benchmark indices witnessed a strong rebound on Friday after the Reserve Bank of India (RBI) slashed repo rates by 50 basis points and the cash reserve ratio by 100 basis points. Sensex rebounded with nearly 1% gain,

The NSE Nifty Realty index rose to a five-month high after the Reserve Bank of India slashed the repo rate by 50 basis points to 5.5% against expectations of a 25 bps cut. The index has emerged as the top performing sector on the National Stock Exchange.