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IndusInd Bank plunges 19% on worries over telecom exposure

image Shares of IndusInd BankNSE -28.17 % cracked as much as 19 per cent in Wednesday’s trade following Supreme Court order to telcos, saying the self-assessment of AGR dues is violation of court order. The company clarification on rumours and speculation about the lender's financial health did little to dispel investor fears.

The lender in a press release on Tuesday said the bank is financially strong, well-capitalized, profitable, and a growing entity with strong governance.

IndusI ..

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