Shares of worst Nifty performer of 2024 gain on plans to sell 70% of MFI bad loans

At the end of the September quarter, gross NPA in the MFI portfolio for IndusInd Bank stood at ₹2,259 crore. Based on this, the amount of loans put on sale, amount to 69.6% of the MFI NPA at the end of the September quarter.

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