South Indian Bank Ltd. share price target

Q3FY17 saw a rise of Rs. 79.63 Cr ( 26.78% ) QoQ thus placing this quarters PPOP at Rs. 376.97 Cr.The year on year rise of the PPOP was Rs. 113.9 Cr, a rise of nearly 43.3%.

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 840 branches and about 1,313 ATMs. The bank's business is largely skewed towards the Southern state with half of its branches located in Kerala. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 3QFY17 the bank had deposits of ~INR 636bn and...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 839 branches and about 1,306 ATMs. The bank's business is largely skewed towards the Southern state with half of its branches located in Kerala. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 2QFY17 the bank had deposits of ~INR 602bn and...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 838 branches and about 1,291 ATMs. The bank's business is largely skewed towards the Southern state with half of its branches located in Kerala. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 1QFY17 the bank had deposits of ~INR 579bn and...

Growth in retail segment was led by housing (24.1%yoY, 4.6%QoQ), loan against deposits (5.1%YoY, 11.6%QoQ). Weakness in retail advances was led by contraction in gold loans (44.8%YoY, 5.8%QoQ). Proportion of gold loans in retail segment dropped 30bpsQoQ from...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 831 branches and about 1272ATMs. With about half of its branches located in Kerala the bank's business is largely skewed towards the Southern state. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 3QFY16 the bank had...

Management does not expect any threat to current standard book, as all possible major stressed accounts have already been recognized. From the restructuredbookofRs10.5bn(exdiscomofRs8.9bn),managementdoesnot...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 822 branches and about 1200ATMs. With about half of its branches located in Kerala the bank's business is largely skewed towards the Southern state. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 2QFY16 the bank had...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 805 branches and about 1063ATMs. With about half of its branches located in Kerala the bank's business is largely skewed towards the Southern state. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 1QFY16 the bank had deposits of ~INR 523bn and a loan book of...

Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 805 branches and about 1063ATMs. With about half of its branches located in Kerala the bank's business is largely skewed towards the Southern state. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 4QFY15the bank had deposits of ~INR 519bn and a loan book of ~INR...