New Delhi, March 14 -- Global brokerage CLSA has cut IndusInd Bank share price target to Rs.900 from Rs.1,300, citing the recent accounting discrepancy and uncertainty surrounding the private bank's leadership. However, the global brokerage firm has maintained its 'Outperform' rating, drawing parallels to past market reactions seen in RBL Bank and Yes Bank.

The cut in IndusInd Bank share price target follows a turbulent week for the private lender, which first saw its MD and CEO receive only a one-year extension from the Reserve Bank of India (RBI) instead of the usual three years. Shortly after, the lender disclosed an accounting gap leading to a Rs.1,500 crore hit to its net worth. These developments have fueled investor concerns over ...