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Private banks lose 50% share value: reports

Mar 24, 2020 14:06 IST

Most private banks have lost 50% of their share value as analysts believe that the NPAs will rise further as MSMEs will struggle to repay loans. One of the worst-hit private banks currently is IndusInd Bank, which has continued to slip despite the lender clarifying sound financials last week. The stock has tanked nearly 80% from the beginning of the year.

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