By Debdeep Gupta | 25 Oct, 2024
Bank stocks under pressure as lenders flag stress in MFI portfolio, weaker asset quality
Bank stocks were under pressure on October 25 in an overall weak market led by a 20 percent drop in IndusInd Bank shares as it flagged stress in its micro-finance portfolio and deteriorating asset quality picture. Others like AU Small Finance Bank, Canara Bank, PNB, IDFC First Bank, and Bank of Baroda also bore the brunt of the worst of the selloff and declined in the range of 2-6 percent.Apart fr...