Indian Bank Stocks Show Widest Exchange Price Gap in Decades
Shares of Indian banks exhibited significant price discrepancies on the National Stock Exchange and Bombay Stock Exchange on Thursday, with IndusInd Bank closing at ₹1,002.9 on the NSE and ₹970 on the BSE, marking a ₹33 gap, the widest in over two decades. This divergence raises concerns about the new closing auction system's reliability and potential for misuse, prompting regulatory scrutiny.