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IndusInd Bank Reviews Large Corporate Lending Strategy
Corporate advances are not the only pressure point for IndusInd Bank.
07 Apr 2020, 02:34 PM IST
Private sector lender IndusInd Bank Ltd. is reviewing its corporate lending strategy as it deals with an outflow in deposits, rising risk across the economy and a management transition.The lender has seen a sharp decline in its stock price as each of these concerns came together over the last few months, leading to weaker investor sentiment around the lender.Under new chief executive Sumant Kathpalia, the bank is reviewing its exposu...
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