IndusInd Bank share price has seen a sharp decline in the last few trading sessions. The bank stock has crashed 30 per cent after accounting discrepancies was reported in its derivatives portfolio.

CLSA cut its FY25 net profit estimates for IndusInd Bank by 25% due to the one-time extraordinary item (derivative portfolio hit). It also cut loan growth estimates by 2% each for the next two years as it believes the company’s focus will be on resolving current issues.

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