InvestorQ : Has IndusInd Bank also seen a run on deposits like Yes Bank and is it a safe bank to continue to bank with?
sarah Leo made post

Has IndusInd Bank also seen a run on deposits like Yes Bank and is it a safe bank to continue to bank with?

Answer
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vidhya Laxmi answered.
7 months ago


IndusInd Bank recently admitted that it lost nearly 11% of its deposits after one of the state governments withdrew from the bank. In the case of Yes Bank, it was put into an RBI moratorium after there was a virtual run on deposits by institutional investors. One concern for investors about IndusInd Bank is its asset profile which is exposed to few stressed groups. The stock has corrected more than 80% since the beginning of January 2020.


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Sanjeev Kumar answered.
7 months ago


Now it is safe to invest in indusind bank for long term(2year)