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Nomura ups IndusInd Bank rating to 'buy'
Financial Express Pune
|June 19, 2025
Brokerage firm revises target price to ₹1,050
GLOBAL BROKERAGE FIRM Nomura on Tuesday upgraded IndusInd Bank's rating to buy from neutral as it expects the financials of the bank to improve in the coming quarters, it said in a report.
The past few months have been turbulent for IndusInd Bank owing to governance failings and accounting lapses. However, the bank has undergone a significant clean-up of its books and has taken one-time provisions to address legacy issues. In Jan-Mar, the bank reported a standalone net loss of ₹2,235.99 crores as compared to a net profit of ₹2346.84 crores in the corresponding quarter a year ago, as per the bank's financial results.
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