banking sector crisis

Why Did IndusInd Bank Lose ₹16,000 Crore In Just Two Hours? Here’s What Went Wrong!

India’s stock market witnessed a sharp jolt on Tuesday as shares of IndusInd Bank plummeted by 25%, hitting a 52-week low of ₹674.55. The bank’s market capitalization eroded by approximately ₹16,000 crore in just two hours. This marks the most significant single-day decline for the stock since March 2020. The...