It's iball PSU
Is there any problem if I keep it in this state only?
Yes it will have the problem if you keep it in this state as ur HDD may get Bad Sectors.
Because the HDD head is having the Landing Zone and if not lands up in landing zone then for long run it wil generate Bad Sectors.
Moreover the problem may be due to faulty PSU or Faulty Mobo.
For faulty PSU checkup go for replacing with the new one or take ur's friend PSU for checkup.
If it is not solved then go for default settings of udr BIOS.
If again it does not work then it seems ur North Bridge chip on ur Motherboard might be faulty. Have a nice checkup of ur Mobo with good technician.