IndusInd Bank shares inch up after 27% dive

MUMBAI:

IndusInd Bank

’s shares recovered some losses (up 4%) on Wednesday after plunging nearly 27% on Tuesday. Market players said concerns eased after reports said the promoter had finalised funds for acquiring Reliance Capital.

This eased fears that the promoters would face margin calls on pledged shares. Statements from the CEO, indicating the bank could post a net profit in Q4 despite provisions, also helped sentiment. RBI too launched an industry wide review of banks’ derivative positions .