IndusInd Bank Limited — Others, 27-12-2024: News Verification

IndusInd Bank has confirmed its intention to offload ₹1,573 crore of microfinance loans as part of its strategy to address non-performing assets (GNPA) and the written-off portfolio. Following RBI guidelines, the bank is currently conducting a public auction to invite bids for these stressed loans. The outcomes will be determined based on received offers and internal approvals. This move reflects the bank's proactive approach to asset resolution, potentially strengthening its balance sheet and enhancing investor confidence, although outcomes will depend on market interest.