CLSA Downgrades IndusInd Bank, Cuts Target to ₹780 Amid Audit Concerns

⚠️ CLSA has downgraded

to 'Hold' and slashed its target price to ₹780 (from ₹900) after an audit uncovered ₹674 crore wrongly booked as interest income. FY25 PAT estimates are cut by 22%. Leadership uncertainty persists, with the bank managed by a two-member committee and no CEO appointment yet. Route One Fund offloaded a 0.65% stake worth ₹385.75 crore.