IndusInd Bank stock down 19% as microfinance slippages cut Q2 profit

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That said, they anticipate a potential revival in the microfinance segment driven by rural recovery, reflecting their confidence in the long-term potential of the microfinance business.

Additionally, the bank’s management indicated it would remain cautious in the microfinance business due to increasing stress.

Shares of IndusInd Bank are down 28 per cent so far this month.

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Category: BusinessFinance

Markets: India

Topics: Finance sector Banking sector Indian companies IndusInd Bank Microfinance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 18:15:39 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 25 lines

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Copyright Owner: © Business Standard

News ID: 23239729

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