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IndusInd Bank sells over 1 million microfinance loans to address asset quality issues and reduce bad debts.
IndusInd Bank is selling over 1 million microfinance loans worth ₹1,573 crore due to asset quality issues, mainly from states like Bihar, Jharkhand, and Maharashtra.
The loans, with a reserve price of ₹85 crore, are being auctioned to asset reconstruction companies to help improve the bank's asset quality and reduce bad loans.
The bank's net profit fell by 39% in the September quarter due to higher provisions.
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El IndusInd Bank vende más de 1 millón de préstamos de microfinanciación para abordar problemas de calidad de los activos y reducir las deudas incobrables.