|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Citigroup initiates coverage on IndusInd Bank Ltd
The investment bank says IndusInd has transformed itself into a "unique" bank that is also a non-banking financial company (NBFC).
However, Citi adds that "future growth will likely be less dynamic, amid a tougher macro, and less unique" as other NBFCs are applying for banking licenses.
IndusInd's shares were down 1.3 percent ahead of WPI inflation data later in the day.