IndusInd Bank shares rise over 1% as Moody’s affirms ratings, raising Rs 11,000 crore via CD

IndusInd Bank shares rose 1.5% to Rs 687.45 on Tuesday, March 18, after Moodys reaffirmed its 'Ba1' rating. The bank also raised Rs 11,000 crore through certificates of deposit (CDs) to strengthen its funding position following deposit withdrawals triggered by a Rs 2,000 crore accounting discrepancy in its derivatives book.