IndusInd Bank hits over 3-year low; tumbles 11% in six sessions

Shares of IndusInd Bank slipped 4 per cent to hit an over three-year low of Rs 1,182 on the BSE on Friday amid concerns over rising bad loans.

The private sector lender's stock was trading at its lowest level since January 10, 2017. It has now fallen below its previous low of Rs 1,192, touched on October 11, 2019. In the past six trading days, IndusInd Bank's stock price has slipped 11 per cent, as compared to a marginal 0.17 per cent rise in the benchmark S&P BSE Sensex.

On February 11, rating agency Moody’s downgraded the private