India Stocks Drop to 19-Month Low as Global Funds Sell

  • Foreigners withdraw $498 million amid rout in Asian equities
  • Banks tumble as IndusInd and Federal Bank report higher NPAs

Indian stocks extended losses from a 19-month low, tracking declines in Asian equities, as lenders retreated after IndusInd Bank Ltd. and Federal Bank Ltd. reported increases in bad loans.

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