|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
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.