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IndusInd Bank shares rise after RBI's assurance, prices rise by more than 5% on Sensex-Nifty
IndusInd Bank Share Price: During early trade on Monday, IndusInd Bank shares were seen trading at Rs 707.75 with a gain of 5.30 percent on BSE. On NSE, the company's shares rose 5.58 percent to Rs 709.90. This stock was the biggest gainer among Sensex and Nifty companies. Let's know about this news in detail.
IndusInd Bank's shares rose by nearly six percent on Monday morning. The bank's stock has rallied after the Reserve Bank assured the customers that the company is well capitalized. Additionally, the RBI has also directed the board of directors of the private sector lender to complete the corrective measure relating to the accounting shortfall of nearly Rs 2,100 crore this month.
Shares of IndusInd Bank were at Rs 707.75 on the BSE during the opening trade on Monday, up 5.30%. On the NSE, the company's stock rose 5.58% to Rs 709.90. The company's stock was the biggest gainer among the constituents of the Sensex and the Nifty.
IndusInd Bank disclosed accounting irregularities during the week that are estimated to affect the bank's net worth to the tune of 2.35%. The bank's stock price dropped sharply immediately after this discovery.
