Background: Indian Bank features among the mid-sized banks in the public sector space, as of 3QFY15 the bank had business of about INR 2,822bn. The Bank operates through a network of ~2392 branches; Indian Bank's footprint is largely skewed towards the southern states of Tamil Nadu, Karnataka, Andhra Pradesh and Kerala. With RoA of ~0.7%, the bank features amongst the most profitable banks in the PSU space. Credit to agriculture constitutes ~18% of the loan book, while...