IndusInd Bank up 4% on plans to sell off Rs 1,573-cr of microfinance loans

Quick Summary:

IndusInd Bank wants to sell off microfinance loans as stress in the microfinance sector is increasing.

Through public bidding, IndusInd Bank plans to auction these distressed assets.

Around 11:54 AM, IndusInd Bank share price was up 3.27 per cent at Rs 962.65 per share on BSE.

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Category: BusinessFinance

Markets: India

Topics: Indusind bank share price Indusind bank share Sensex Markets Nifty Markets Market today Indusind bank share price target Bse Nse

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 12:05:55 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24686988

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