Indian Bank share price target

Noninterest income growth was strong led by growth in core fee income and good recoveryfromwrittenoffaccounts. NIMsdeclined16bpsyoyto2.31%duetoadeclineinyieldonadvancesledbyinterest...

27,561 through a network of 2412 branches; 8,361 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...

Noninterest income growth was strong led by 20% yoy growth in core fee income, whileportfoliogainscameinatRs1bn(Rs370mninQ2FY15). NIMsdeclined41bpsyoyto2.26%,mainlyduetodeclineinyieldonadvancesledbycut...

(13bps YoY, 23bps QoQ) on the back of higher growth in low yielding agri segment. However, cost of funds decreased 7bps QoQ to 6.94% led by stable CASA share of deposits and shedding of bulk deposits. Asset Quality declined marginally with GNPAs at 4.65% as fresh slippage moderated to INR 4.9bn Vs 10.3bn in 4QFY15. GNPAs were largely contributed by (Priority sector forming 20% of GNPAs). Recoveries during the quarter were INR 1.78bn. Outstanding restructured advances increased to INR 125bn with fresh restructuring of INR 978mn during the quarter largely led by SME segment. During the quarter INR...

due to subdued credit growth (+6.5%). Noninterest income grew 75% led by strong recoveryinwrittenoffaccounts.NIMdeclined8bpsyoyto2.36%ledbyadeclineinyieldon advancesandyieldoninvestments.Operatingexpenseswerehigher,asemployeeexpenses...

Background: Indian Bank features among the mid-sized banks in the public sector space, as of 4QFY15 the bank had business of about INR 2,980bn. The Bank operates through a network of 2412 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...

Indian Bank results were below expectation led by higher than expected NPA provisions. Revenuegrowthat11.4%yoycontinuedtoremainmoderateduetoongoingsluggishnessin NII led by subdued credit growth. Noninterest income grew at 40% YoY led by strong...

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...

For the second straight quarter Indian Bank reported growth in excess of 50%. Earnings growth for Q1 FY10 was reported at 52% whilst it was 54% on the EPS front. Topline growth, however, was reported at a healthy 39% with contributions from both net interest income (NII) and non-interest income. Drop in provisioning charges increased contributed to a surge in profits before taxes while a higher a higher tax incidence cut into earnings growth. On a...