(Reuters) -Shares of India's IndusInd Bank rose as much 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.

Governor Sanjay Malhotra and deputy governor Swaminathan J have signalled regulatory comfort with IndusInd Bank’s handling of its derivatives missteps.

Mumbai: Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon. However,