In the past one month, the stock has plunged over 15% while Bank Nifty fell 3.53% in the same period. ICICI Securities downgraded IndusInd Bank to ‘reduce’ from ‘buy’ and slashed the target price to ₹850 from ₹1,350.
India’s central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources
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