CLSA cut its FY25 net profit estimates for IndusInd Bank by 25% due to the one-time extraordinary item (derivative portfolio hit). It also cut loan growth estimates by 2% each for the next two years as it believes the company’s focus will be on resolving current issues.

Discover the IndusInd Bank Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of IndusInd Bank with the latest details, including: Last traded price 676.

CLSA noted that when the RBI gave a one-year extension to the MD of RBL Bank, and later appointed a PSU banker, the stock crashed 60 per cent, as the Street feared there would be skeletons in the closet.