South Indian Bank Ltd. has an average target of 11.00. The consensus estimate represents an upside of 22.22% from the last price of 9.00.
Is South Indian Bank a good buy?
The bank’s balance sheet is one of the strongest in the industry with a high Tier-1 capital, low RWA/IEA ratio (45%) and negligible net NPLs (0.4%). The asset quality of SIB has significantly improved over the past five quarters with GNPLs declining from 2.2% in Q4 FY09 to 1.3% in Q1 FY11.
Is South Indian Bank safe investment?
So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe’, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.
What is the target of Indian bank?
with a target price of Rs 200. The current market price of Indian Bank is Rs 174.85. Time period given by analyst is one year when Indian Bank price can reach defined target.
Is South Indian Bank undervalued?
South Indian Bank is one bank that continues to be undervalued and is available at a p/e of only 7 times one year forward earnings. The shares are also available with a dividend of 2.53 per cent. This makes the bank a good pick at the current levels.
What is the future of South India bank?
South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.
Which bank merged with South Indian Bank?
SIB shares ended almost flat at Rs 69.60 on the Bombay Stock Exchange on Tuesday. subsequently merged with bigger banks. The latest was the merger of United Western Bank with IDBI.
Which is the safest bank in India?
SBI, HDFC and ICICI are the safest banks by virtue of being declared too big to fail by RBI. It doesn’t hurt that they are also financially healthy as well.
Is South Indian Bank a government bank?
South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India.
Is South Indian Bank safe for FD?
Thus, South Indian Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.
Stocks to Buy Today: Best Shares to Buy in India
Detailed table with various parameters for Best Bank Stocks to Buy now in India
|Sr. No.||Company Name||CRAR|
|1||HDFC Bank Ltd.||20.00%|
|2||Kotak Mahindra Bank Ltd.||21.80%|
|3||ICICI Bank Ltd.||19.52%|
|4||Axis Bank Ltd.||20.04%|