Nuvama downgraded the firm to ‘reduce’, slashing its target price to Rs 750 per share. IndusInd Bank estimates ‘adverse impact’ of 2.35% on networth after review of derivative portfolio. The hit will have to be reversed through income statement, mostly through NII, and will be done in Q4FY25E. The bank’s microfinance slippages expected to rise further QoQ, and NIMs likely to contract in Q 4. IIFL Securities estimates a ~35bps CET1 hit, but proforma CET1 ratio of 14.8 percent should not necessitate a capital raise. The review was undertaken following RBI’s. directions on investment portfolio of lenders, issued in September 2023, relating to ‘Other Asset. and Other Liability’ accounts of the portfolio. This could potentially impact its profit by around Rs 1,500 crore, according to a person familiar with the matter. The final hit may be higher as an external review is underway, Moneycontrol earlier reported.