India's IndusInd Bank climbs as CLSA upbeat on growth potential
** Shares of IndusInd Bank INBK.NS climb 2.8% to 1,418.5 rupees
** Brokerage CLSA keeps "Outperfrom" rating, PT of 1,800 rupees - a 30% premium on last close
** Private lender eyes best day since mid-June
** INBK's focus on fixed-rate products, like vehicle finance and microfinance, along with lower emphasis on mortgages gives it an edge compared to peers - CLSA
** Says co's reliance on bulk deposits, which reprice faster than retail deposits positions it favourably in rate-cut cycle
** Adds INKB trades at a 20% discount to peer Axis Bank AXBK.NS, 30% discount to ICICI Bank ICBK.NS and 40% to Kotak Mahindra Bank KTKM.NS
** Sees gap narrowing as investor concerns are poised to abate on INBK's strong growth and stability prospects
** Analysts' avg rating on INBK stock is "Buy", in line with ratings on peers AXBK, ICBK and KTKM, per LSEG data
** Including session's gains, INBK down 5.5% YTD vs 3.2% gains in Nifty private bank index .NIFPVTBNK
Reporting by Manvi Pant in Bengaluru
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