26/12/2024, 9:30:07 pm

IndusInd Bank to sell MFI retail loan pool worth ₹1,573 crore on cash basis

IndusInd Bank has announced the sale of its Microfinance Institution (MFI) retail loan pool, which has an outstanding value of ₹1,573 crore. The bank is offering the entire pool on a 100% cash basis, aiming to optimise its balance sheet and improve liquidity. IndusInd Bank shares settled at ₹931.5, down nearly 4% on the NSE on Thursday. In the last one year, the stock has corrected more than 40%.