See 20% upside in IDBI Bank: Jigar Shah

See 20% upside in IDBI Bank, says Jigar Shah, Sr VP and HOR, Kimeng Sec India.

Shah told CNBC-TV18, "On IDBI Bank what is hardening if you see the last 2-3 years they have been struggling to get to a decent CASA and also to NIM, but we saw this year 100 bps improvement in NIM as well as very strong 600 basis point (bps) improvement in the CASA, which is supporting the growth and I think it surprised the Q4 growth, probably surprise quite a few people.