1 min read.Updated: 23 Oct 2018, 06:43 AM ISTAparna Iyer
IndusInd Bank’s total exposure to NBFCs stood at ₹10,767 crore as of September, an 81% rise from the year-ago period
IndusInd Bank, known for its pristine asset quality, is finding itself increasingly under pressure after it made public its exposure to the troubled Infrastructure Leasing and Financial Services Ltd (IL&FS). The private lender’s stock fell 8.5% on Monday as investors got jittery over the exposure. In its results press release, the lender had said that it has provided ₹ 275 crore towards to IL&FS though the exposure has not turned bad.