RBL, IndusInd Bank fail to end investor worries, shares near all-time lows

What's also ailing these stocks and also the banking sector at large, is the dwindling investor confidence created by YES Bank's turmoil

The stocks of IndusInd Bank and RBL Bank have nearly halved in a month and shed 65 — 75 per cent in a year, as worries over asset quality and loan growth dented investor sentiment. At the current levels, the RBL Bank stock trades near its all-time low, while IndusInd Bank is at a nearly six-year low.

This despite IndusInd Bank’s management clarifying a week ago that the bank is well-capitalised. RBL Bank issued another media statement on Tuesday stating that its financial position remains strong, though it did see a 3 per cent reduction in deposits last week. 

What’s also ailing