Anand Rathi's research report on Indian Bank
Decent operating performance and modest provisioning led to Indian Bank’s strong profitability, with RoA at 1.34% (down 3bps q/q). Headline asset quality and PCR improved. Ahead, we expect slippages to be modest. With stress from the legacy book recognised, the focus now shifts to profitability. We expect the bank to deliver sustainable ~1.1% RoA/14% RoE in the medium term.
Outlook
We retain our positive view on the stock with a Buy rating, at a 12-mth TP of Rs784, 1.1x P/ABV on its FY28e book.
For all recommendations report, click here
Disclaimer: 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. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
