IndusInd Bank says it's 'well-capitalised, profitable' after market rumours

IndusInd Bank says its gross non-performing assets in December quarter 2019 stood at 2.18 per cent: lowest among large private sector banks.

Private lender IndusInd Bank has said it is financially strong to quell market rumours about its health after YES Bank was put under moratorium on March 5.

"In the wake of the significantly higher level of market rumours and speculation around IndusInd Bank stock, we would like to reiterate that the Bank is financially strong, well-capitalised, profitable, and a growing entity with a strong governance," IndusInd said in a late night statement on Tuesday.

The bank's stock ended nearly 9 per cent down at Rs 604.30 on the BSE on Tuesday.

The lender said gross non-performing assets (NPAs) in December quarter 2019 stood