New Delhi, April 17 -- The accounting discrepancies in IndusInd Bank's derivative book, which had sparked concern among investors, may have a more limited impact than initially feared. According to Macquarie Research, the extent of the discrepancy has now been quantified by an external agency at 2.27 percent of the bank's net worth, offering some near-term relief for stakeholders.

The brokerage has retained its 'outperform' call on the private sector lender with a target price of Rs.1,210, implying an upside potential of 53.5 percent from previous close.

Macquarie Research noted that IndusInd Bank recently disclosed findings from an external agency appointed to assess irregularities in its derivative book. The agency pegged the financia...