IndusInd Bank shares up 2% after lender puts Rs 1,573 crore in MFI loans for sale

December 27, 2024

IndusInd Bank share price: The lender is selling Rs 1,573 crore worth of unsecured microfinance loans due to asset quality pressures. The lender has set a reserve price of Rs 85 crore and seeks bids on a 100% cash basis, offering a minimum recovery rate of 5.04%. These loans, involving over 10.61 lakh borrowers, have no collateral backing.

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