TheScreener - Indian Bank (INDIANB) INDIAN BANK sees an upgrade to Slightly Positive due to a better fundamental star rating

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TheScreener

EUR 13.66 For Business Accounts Only

INDIAN BANK sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of INDIAN BANK (IN), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 28, 2022, the closing price was INR 150.10 and its potential was estimated at INR 185.14.

29/01/2022 1 EN

Underlying

Indian Bank

Indian Bank offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Company offers products under various categories, including agriculture, corporates, personal/individual, business, professional self-employed, small and medium-sized enterprise (SME), cards, education, Non-Resident Indian (NRI), property and technology. Its deposits include savings bank (SB) account, such as SB Vikas Khata, SB Platinum, SB Power, SB Silver and SB Gold; current account, including Premium Current Account and IB i-Freedom Current Account; term deposits, including fixed deposit, re-investment plan, insured recurring deposit, variable recurring deposit and facility deposit, and NRI accounts, including Non-Resident Ordinary Account. It also offers services, which include premium services, insurance services and e-payment of indirect taxes. The Bank has approximately 70 specialized branches across the country.

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INE562A01011 National Stock Exchange of India India

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INDIAN BANK: Operating performance healthy; asset quality improves (INBK IN, Mkt Cap USD2.8b, CMP INR178, TP INR210, 18% Upside, Buy) Indian Bank (INBK) posted a steady quarter with net profit rising 3% YoY aided by healthy NII and lower opex (as 4QFY22 had a one-off impact of pension liability). NIM expanded while business growth showed healthy traction. Asset quality ratios improved; however, slippages and restructured book at 4.2% of loans remained elevated. We increase our FY23E/FY24E PAT by ~12%/14%, respectively, as we revise our other income, opex and provisioning assumptions. We...

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INDIAN BANK: Operating performance showing recovery signs (INBK IN, Mkt Cap USD2.3b, CMP INR139, TP INR175, 26% Upside, Buy) Slippages/credit cost likely to stay elevated; restructured book ~2.7% INBK reported healthy operating performance supported by modest opex and higher other income, even as business growth remains muted. NIM, however, expanded 51bp QoQ to 2.85% (higher slippages in 4QFY21). Provisions continue to remain elevated, despite the bank reporting healthy RoA/RoE of ~0.8%/15% in 1QFY22. Asset quality was largely stable even as slippages came in elevated (~5% annualized)...

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INDIAN BANK sees an upgrade to Slightly Positive due to a better fundamental star rating

Empowering Investors

MOSL : INDIAN BANK: Operating performance healthy; asset quality improves

MOSL: INDIAN BANK (Buy)-Operating performance showing recovery signs

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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