Private lender IndusInd Bank shares rose over 2% to Rs 932.15 on BSE on Friday as the bank has put loans worth Rs 1,573 crore up for sale after facing continued asset quality pressures on its microfinance book.The lender has invited public bids for unsecured microfinance loans with a reserve price of Rs 85 crore.The base bid price indicates a minimum recovery rate of 5.04%, with the lender seeking bids on a 100% cash basis. In a bid document uploaded on the bank website, the lender indicated no collateral backing these loan accounts of more than 10.61 lakh borrowers.“IndusInd Bank Ltd (IBL) invites bids from all eligible purchasers for sale on a ‘100% Cash Basis’ under public auction,” the document reads.Asset reconstruction companies (ARCs) are likely to be the primary bidders for the loan pool.At the end of the September quarter, the bank scaled back growth in its microfinance book. For the quarter, outstanding slippages in the microfinance book stood at Rs 2,259 crore, higher than Rs 1,988 crore in the June quarter. Delinquencies in the microfinance book were particularly concentrated in Bihar, Jharkhand, and Maharashtra.Also read: Mamata Machinery Share Price Live: Mamata Machinery Limited IPO to debut on D-Street today. Check GMP, Other DetailsThe lender posted a 39% decline in its September quarter net profit to Rs 1,325 crore, due to higher provisions.Over the past year, IndusInd Bank's shares have fallen by 40.7%, and by 41.75% so far in the current year. IndusInd shares closed flat on Thursday at Rs 932.15 on the BSE.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)