Name: Latest research reports of Indian Bank authored by Emkay and published by - Trendlyne research reports.
Item: Indian Bank
Rating: 5
Author: Emkay

Indian Bank

NSE: INDIANB | BSE: 532814 | ISIN: INE562A01011 | Industry: Banks
| Strong Performer, Under Radar

582.8000 5.25 (0.91%)

NSE Apr 22, 2025 15:31 PM

Volume: 3.3M

Indian Bank

07 May 2024

582.80

0.91%

Endearing performance, yet again

Buy: Indian Bank

Emkay

Indian Bank yet again posted a strong all-around performance, delivering inline PAT at Rs22.5bn/1.2% RoA, on the back of healthy margins (up by 4bps QoQ to 3.44%) and steady improvement in asset quality, with GNPA ratio down to 4%/NNPA to industry-low of 0.4%.

Indian Bank is trading above all available SMAs