IndusInd Bank dips 8% as it defers fund raising; down 39% so far in 2020

Shares of IndusInd Bank were down 8.6 per cent to Rs 927 on the BSE on Monday, thus falling 14 per cent in the past two trading days, after the private sector lender on Saturday announced a deferment of its plans to raise funds using additional tier-1 instruments.

The stock had hit a low of Rs 921.25 -- its lowest level since March 29, 2016 -- in intra-day trade on the BSE on Friday.

At 11:28 am, IndusInd Bank was trading 6.6 per cent lower at Rs 948, as compared to 4.3 per cent decline in the benchmark