Money spinners: 11 stocks you can buy when market corrects
Sat, Sep 14, 2013 at 11:56
Target price: Rs 712
Rationale: It is expected to continue its strong growth in advances due to a strong presence in the retail segment. While the credit demand has moderated in the corporate segment, it has a strong presence in the retail segment which will benefit the bank.
The bank has the highest current and savings account (CASA) ratio in the sector with a stable net interest margin (NIM; at 4.6% levels). Given the higher proportion of CASA and retail deposits, it will be least affected by the Reserve Bank of India’s liquidity tightening measures.