IndusInd Bank shares rise 5.3% after Nomura upgrades to "buy", cites improved governance, lower credit costs, and recovery from accounting issues.

• Nomura raises target price to 1,050 rupees, expects 1.1% ROA and 9.6% ROE by FY28.
• Bank addresses 53 bln rupees one-time hit, aims for cleaner financials and new leadership.
• Current valuations and RBI support are seen as catalysts for investor confidence.