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IndusInd Bank Stock Downgraded To 'Reduce' By ICICI Securities, Lowers Target Price — Here's Why
ICICI Securities sees heightened uncertainty in the near term on likely kitchen sinking, and the probable names for the MD, CEO candidature, hence downgrades the stock's rating to 'Reduce' from 'Buy'
10 Mar 2025, 12:40 PM IST 
The brokerage downgrades IndusInd Bank to Reduce rating from Buy on near-term uncertainty and likely MD&CEO succession.
(An IndusInd Bank branch in Bengaluru. Photo source: NDTV Profit)
As against the three years term requested by the board, RBI has approved term renewal for the incumbent MD and CEO, Mr Sumant Kathpalia, for only one year). This is second consecutive time, when Mr Kathpalia has been denied full term by RBI, as he was permitted a ‘two-year’ term in 2023.
