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IndusInd Bank Shares Fall Most On Record As Reassurances Fail To Calm Investors

IndusInd Bank says its deposit business—retail and corporate—is steady and that only a few state governments have made withdrawals

Shefali Malik
People stand outside a branch of IndusInd Bank Ltd., near the BSE in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg Photographer: Dhiraj Singh / Bloomberg)

Indusind Bank Ltd. said rumours about the bank’s financial health are totally misplaced, motivated and not based on facts as it tried to quell speculation triggered by Yes Bank Ltd.’s rescue about the financial health of smaller private lenders.

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