The RBI has approved the reappointment of Mr. Sumant Kathpalia as MD & CEO of the bank for a one-year term, effective 24th Mar’25. IIB has reported a muted performance over the past few quarters, led by a combination of factors, including a slowdown in loan growth, asset quality stress and subdued margin performance. We cut our FY26E/FY27E earnings by 9%/10% and estimate IIB to deliver RoA of 1.3%/1.4% in FY26/ FY27. Maintain BUY with a revised TP of INR1,100. Buy Eicher Motors; target of Rs 5665: Geojit Financial Services IndusInd Bank promoter Ashok Hinduja assures support, ‘ready to inject capital’ if required. Buy Jyothy Labs; targets of Rs 395 and Rs 565. For all recommendations from Motilal Oswal, click here. The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management.