NBFC Scare Shaves 8.5% of IndusInd Bank Share Price

Gold Silver Reports (GSR) — 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.

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PNB Fraud: Nirav Modi's Assets, Valuables worth Rs 255 cr Seized by Enforcement Directorate in Hong Kong

Punjab National Bank (PNB) : Rises On Divestment Plans

Gold Silver Reports (GSR) – Punjab National Bank (PNB): Rises On Divestment Plans — Shares of the fraud-hit lender extended gains for the fourth straight session today, its longest winning streak since Oct last year. The stock rose as much as 4.4 percent to Rs 92.35 apiece.

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