IndusInd Bank stock tumbles over 7 per cent
Economy

IndusInd Bank stock tumbles over 7 per cent

Agency News

Shares of IndusInd Bank has taken a backlash on Tuesday, shedding over 7 per cent on Tuesday.

Negative news on IndusInd Bank after the crisis of YES Bank is said to have worked negative on its shares. Meanwhile, the Managing Director & CEO of the company, Romesh Sobti retired also aggravated the situation.

The scrip slipped by 29.99 per cent to Rs 235.60 -- its 52-week low -- on the BSE during the day even after a positive opening. It later closed at Rs 312.35, down 7.19 per cent. At the NSE, it dropped 6.79 per cent to close at Rs 313.60.

In terms of traded volume, 18.57 lakh shares of the company were traded on the BSE and 3.72 crore units on the NSE during the day.

In a filing to the BSE on Monday, the company said Romesh Sobti shall demit the office of Managing Director & CEO of the bank, in line with the tenure approved by the RBI.

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