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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

Topics
YES Bank | RBL Bank | IndusInd Bank

Hamsini Karthik  |  Mumbai 

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 ...

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First Published: Tue, March 17 2020. 19:09 IST
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